Oritani Financial Corp. ORIT Income Statement

Oritani financial corp. (ORIT)

Income statement / TTM

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Interest income:
Interest on mortgage loans
145,762	144,457	144,285	144,360	144,166	144,051	141,578	140,587	137,831	133,967	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of dividends on federal home loan bank stock received during the period.
1,774	1,817	1,816	1,781	1,751	1,788	1,859	1,896	1,862	1,834	1,738	1,670	1,644	1,588	1,626	1,724	1,833	1,908	1,906	1,911	1,838	1,801	1,806	1,774	1,784	1,752	1,696	1,651	1,495	1,387	0	0	0	-	-	-	-
Dividends on equity securities
49	48	46	41	41	43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on debt securities available for sale
812	868	931	994	1,217	1,461	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,236	122,947	122,840	121,778	120,725	119,723	118,670	119,004	118,847	119,306	118,397	117,418	116,661	113,705	111,562	108,409	105,732	103,837	101,596	99,963	0	0	0
Interest on securities available for sale
-	-	-	-	-	-	-	-	-	-	3,514	3,861	4,189	4,566	4,824	5,187	5,704	6,301	6,919	7,138	6,998	6,590	6,152	6,059	6,393	7,099	7,954	8,897	10,112	11,254	12,328	13,178	13,891	14,162	0	0	0
Interest on debt securities held to maturity
8,246	8,189	7,774	7,015	6,158	5,328	4,580	4,070	3,796	3,500	3,348	3,177	2,969	2,737	2,473	2,186	1,973	1,766	1,464	1,203	942	820	874	927	963	955	923	892	893	908	-119	439	1,035	1,571	0	0	0
The aggregate interest income earned from (1) the lending of excess federal funds to another commercial bank requiring such for its legal reserve requirements and (2) short term investment.
408	376	347	346	174	155	141	115	9	7	7	7	6	6	5	5	5	6	8	8	8	11	9	8	8	4	4	4	4	32	82	97	123	258	0	0	0
Total interest income
157,051	155,755	155,199	154,537	153,507	152,826	150,098	149,123	146,322	142,462	140,551	137,313	135,419	134,324	132,164	132,049	132,355	131,759	131,022	129,983	128,456	128,226	127,688	128,074	127,545	127,228	127,238	125,149	124,066	121,990	120,429	119,530	118,343	117,353	0	0	0
Interest expense:
Deposits
44,890	41,638	38,399	35,459	33,308	31,624	29,752	28,109	26,285	24,671	23,085	21,469	19,961	17,884	16,109	14,510	12,897	11,849	10,882	9,993	9,205	8,615	8,263	8,134	8,214	8,524	9,292	10,317	11,474	12,823	13,927	14,599	15,134	15,719	0	0	0
Borrowings
12,905	13,029	12,648	12,082	11,622	11,276	11,854	12,680	13,082	13,180	13,435	13,457	14,006	16,139	17,540	19,554	21,703	22,354	22,749	22,758	22,771	22,488	22,185	21,866	21,498	21,274	21,054	20,938	20,732	20,510	20,337	20,474	20,502	20,611	0	0	0
Total interest expense
57,795	54,667	51,047	47,541	44,930	42,900	41,606	40,789	39,367	37,851	36,520	34,926	33,967	34,023	33,649	34,064	34,600	34,203	33,631	32,751	31,976	31,103	30,448	30,000	29,712	29,798	30,346	31,255	32,206	33,333	34,264	35,073	35,636	36,330	0	0	0
Net interest income before provision for loan losses
99,256	101,088	104,152	106,996	108,577	109,926	108,492	108,334	106,955	104,611	104,031	102,387	101,452	100,301	98,515	97,985	97,755	97,556	97,391	97,232	96,480	97,123	97,240	98,074	97,833	97,430	96,892	93,894	91,860	88,657	86,165	84,457	82,707	81,023	0	0	0
Reversal of provision for loan losses
0	-2,000	-2,000	-2,000	-2,000	0	0	0	0	0	0	0	0	0	0	0	0	200	200	400	600	700	950	1,350	2,650	3,850	5,100	6,000	6,500	8,500	9,500	10,300	10,800	9,300	0	0	0
Net interest income after provision for loan losses
99,256	103,088	106,152	108,996	110,577	109,926	108,492	108,334	106,955	104,611	104,031	102,387	101,452	100,301	98,515	97,985	97,755	97,356	97,191	96,832	95,880	96,423	96,290	96,724	95,183	93,580	91,792	87,894	85,360	80,157	76,665	74,157	71,907	71,723	0	0	0
Non-interest income:
Service charges on deposit accounts include account maintenance fees, overdraft fees, insufficient funds fees, wire fees, and other deposit related fees.
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees and service charges
1,710	1,655	1,415	1,323	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	925	841	873	949	848	916	948	913	896	918	1,035	1,084	1,128	1,101	950	922	939	970	1,049	1,132	1,169	1,235	1,350	1,310	0	0	0
Real estate operations, net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	703	953	1,232	1,350	1,157	1,125	1,115	1,135	1,326	1,307	1,258	1,255	1,185	1,265	1,245	1,225	1,232	1,186	1,201	1,199	0	0	0
Bank-owned life insurance
2,428	2,434	2,441	2,450	2,470	2,492	2,518	2,549	2,585	2,618	2,653	2,689	2,701	2,718	2,730	2,737	2,739	2,555	2,378	2,201	2,030	2,018	3,442	3,402	3,348	3,253	1,719	1,650	1,595	1,594	1,576	1,455	1,333	1,210	0	0	0
Net (loss) gain on sale of securities
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	768	0	0	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	0
Net gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net loss on sale and writedown of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Net gain on sale of assets and loans
-	-	-	-	-	-	-	-	-	20,856	26,290	7,678	33,232	37,544	41,500	41,492	15,928	11,616	1,770	-231	-14	-58	104	191	20	72	-761	-775	-823	-262	0	0	0	-	-	-	-
(Gain) on sale of real estate owned
884	855	855	855	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of equity securities
-103	-208	-187	-274	-119	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on sale of debt securities available for sale
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from investments in real estate joint ventures
-	-	-	-	-	-	-	-	-	769	961	1,035	1,086	1,177	1,335	1,188	1,364	1,805	1,814	1,747	1,418	860	-36	-130	-415	-566	-198	285	627	689	1,280	1,034	1,024	857	0	0	0
Gain (Loss) on Investment Securities, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net writedown of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-
Other income
20	22	22	20	19	18	-222	-142	-65	13	636	619	629	625	311	310	288	284	286	284	289	291	286	282	269	253	243	240	237	233	229	219	213	207	0	0	0
Total non-interest income
4,939	4,758	4,577	4,463	3,444	3,594	-4,668	16,121	16,681	16,968	31,885	13,305	39,604	44,331	48,022	48,961	23,260	19,282	9,290	6,263	6,046	5,602	6,932	6,835	6,158	5,820	4,179	4,687	4,720	5,401	5,800	5,362	5,628	5,452	0	0	0
Non-interest expense:
Compensation, payroll taxes and fringe benefits
23,580	23,678	23,297	23,616	25,279	25,082	24,319	24,843	25,916	27,140	30,808	31,580	33,429	33,774	32,805	32,550	30,224	29,745	29,378	28,995	28,742	28,593	28,270	28,445	27,941	27,774	27,791	26,942	26,415	25,095	23,046	21,510	20,313	19,682	0	0	0
Advertising
569	570	571	571	572	571	572	572	554	502	448	396	361	361	361	370	385	385	384	375	360	360	361	361	361	361	361	407	435	497	516	567	632	657	0	0	0
Office occupancy and equipment expense
3,012	3,049	3,119	3,161	3,206	3,195	3,154	3,126	3,127	3,178	3,193	3,176	3,084	3,002	2,917	2,989	2,992	3,003	2,982	3,013	3,043	3,043	3,064	2,881	2,859	2,812	2,788	2,707	2,679	2,603	2,498	2,552	2,437	2,425	0	0	0
Data processing service fees
2,127	2,086	2,111	2,083	1,984	2,029	2,035	2,074	2,213	2,213	2,151	2,119	2,056	2,030	2,061	2,040	2,016	1,961	1,898	1,876	1,842	1,814	1,771	1,718	1,680	1,652	1,642	1,645	1,605	1,513	1,411	1,307	1,243	1,231	0	0	0
Federal insurance premiums
825	1,125	1,155	1,185	1,200	1,200	1,200	1,200	1,200	1,350	1,499	1,601	1,700	1,649	1,596	1,591	1,582	1,571	1,540	1,473	1,413	1,340	1,320	1,375	1,376	1,331	1,263	1,200	1,198	1,215	1,261	1,328	1,330	1,381	0	0	0
Real estate owned expense
-	-	-	-	-	-	-	-	-	-	-	-	67	-	823	1,166	2,145	1,954	1,759	1,546	578	362	182	226	262	391	529	464	590	902	1,428	2,198	2,129	1,996	0	0	0
Amount represents the difference between the cash acquisition price of the debt and the net carrying amount of the debt at the time of its extinguishment.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
6,892	8,277	9,286	9,544	8,384	7,433	7,898	7,523	7,173	6,501	5,120	4,762	4,991	4,999	4,172	4,437	4,052	4,097	4,184	3,920	3,987	3,966	3,744	3,778	3,735	3,556	3,637	3,573	3,573	3,626	3,869	4,017	4,093	4,344	0	0	0
Total non-interest expense
37,005	38,785	39,539	40,160	40,625	39,510	44,292	44,452	45,297	46,053	47,033	47,463	63,334	63,803	58,608	59,822	44,202	43,522	42,931	41,198	39,965	39,478	38,712	38,784	38,214	37,877	38,011	36,938	36,495	35,451	34,029	33,479	32,177	31,716	0	0	0
Income before income tax expense
67,190	69,061	71,190	73,299	73,396	74,010	59,532	80,003	78,339	75,526	88,883	68,229	77,722	80,829	87,929	87,124	76,813	73,116	63,550	61,897	61,961	62,547	64,510	64,775	63,127	61,523	57,960	55,643	53,585	50,107	48,436	46,040	45,358	45,459	0	0	0
Income tax expense (note 11)
16,228	17,002	18,411	19,545	29,101	31,116	27,250	36,880	27,810	26,382	31,567	22,939	27,431	28,534	30,959	31,437	27,457	26,214	22,423	20,988	21,115	21,488	21,744	22,831	22,420	21,979	21,812	20,997	20,059	18,457	17,804	16,818	16,666	16,952	0	0	0
Net income
50,962	52,059	52,779	53,754	44,295	42,894	32,282	43,123	50,529	49,144	57,316	45,290	50,291	52,295	56,970	55,687	49,356	46,902	41,127	40,909	40,846	41,059	42,766	41,944	40,707	39,544	36,148	34,646	33,526	31,650	30,632	29,222	28,692	28,507	0	0	0
Earnings per basic common share (in dollars per share)
0.28	0.29	0.29	0.31	0.30	0.31	0.30	0.09	0.27	0.07	0.56	0.26	0.25	0.26	0.29	0.39	0.31	0.39	0.26	0.24	0.24	0.24	0.25	0.23	0.24	0.28	0.23	0.21	0.22	-	0.20	0.18	-	-	0.13	0.13	-
Earnings per diluted common share (in dollars per share)
0.28	0.29	0.28	0.31	0.30	0.29	0.30	0.09	0.27	0.06	0.54	0.26	0.24	0.25	0.28	0.38	0.30	0.36	0.26	0.24	0.24	0.22	0.25	0.23	0.24	0.27	0.23	0.20	0.22	-	0.20	0.18	-	-	0.13	0.13	-
Income per basic and diluted common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.15	-	-	-	0.14