People's utah bancorp (PUB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14Jun'14
Interest income
Interest and fees on loans

25,925

26,378

27,544

27,628

26,980

28,222

27,420

27,073

25,783

23,346

18,843

17,923

16,853

17,453

16,876

16,420

15,851

15,611

15,095

14,346

13,809

13,285

12,469

Interest and dividends on investments

3,459

2,988

2,937

2,422

2,172

1,836

1,679

1,683

1,656

1,688

1,820

1,802

1,705

1,592

1,471

1,489

1,603

1,569

1,424

1,297

1,450

1,537

1,668

Total interest income

29,384

29,366

30,481

30,050

29,152

30,058

29,099

28,756

27,439

25,034

20,663

19,725

18,558

19,045

18,347

17,909

17,454

17,180

16,519

15,643

15,259

14,822

14,137

Interest expense

2,163

2,266

2,290

2,330

2,245

1,984

1,917

1,778

1,495

1,073

754

749

766

712

710

698

754

731

730

740

760

826

807

Net interest income

27,221

27,100

28,191

27,720

26,907

28,074

27,182

26,978

25,944

23,961

19,909

18,976

17,792

18,333

17,637

17,211

16,700

16,449

15,789

14,903

14,499

13,996

13,330

Provision for credit losses

650

1,200

2,100

2,150

1,550

3,175

1,925

1,475

2,050

750

900

900

200

150

325

225

200

200

200

450

150

600

350

Net interest income after provision for credit losses

26,571

25,900

26,091

25,570

25,357

24,899

25,257

25,503

23,894

23,211

19,009

18,076

17,592

18,183

17,312

16,986

16,500

16,249

15,589

14,453

14,349

13,396

12,980

Non-interest income
Mortgage banking

1,710

1,631

2,116

1,621

1,417

1,398

1,668

1,505

1,638

1,911

1,686

1,960

1,979

2,209

2,244

2,277

1,748

1,678

1,841

2,025

1,772

1,587

1,701

Card processing

707

837

976

814

615

749

826

799

723

270

704

692

1,124

-1,023

1,129

1,136

1,031

1,103

1,079

1,066

1,002

1,067

1,063

Service charges on deposit accounts

780

701

744

705

657

726

737

704

673

695

636

578

536

555

582

531

513

579

613

614

643

725

708

Net (loss)/gain on sale of investment securities

-

-

-

-

-

0

1

333

2

-1

-486

1

-13

-

-

-

-

-

-

-

-

-

-

Other

543

614

631

458

648

677

563

725

682

530

500

606

486

413

431

454

471

392

432

438

727

332

356

Total non-interest income

3,740

3,779

4,467

3,598

3,337

3,551

3,794

4,066

3,718

3,405

3,040

3,837

4,112

2,063

4,386

4,398

3,763

3,752

3,965

4,143

4,144

3,711

3,828

Non-interest expense
Salaries and employee benefits

10,844

8,680

10,410

9,526

9,886

9,398

9,885

10,196

10,423

9,850

8,813

7,762

7,967

7,924

7,674

7,959

7,884

8,067

7,323

7,308

7,194

6,974

7,038

Occupancy, equipment and depreciation

1,539

1,581

1,439

1,558

1,456

1,580

1,476

1,411

1,543

1,458

1,164

1,088

1,117

1,131

1,101

1,076

988

1,039

969

955

990

976

892

Data processing

1,136

960

879

1,018

1,045

692

890

1,063

870

812

650

661

675

754

665

740

707

649

729

764

689

756

772

Card processing

-

-

-

-

-

-

-

-

-

-

-

-

529

-

509

549

590

501

512

534

470

497

564

Other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

17

5

312

Marketing and advertising

432

681

805

226

116

179

342

321

446

427

343

349

262

284

301

290

169

197

279

204

173

219

177

FDIC premiums

-

5

6

148

90

152

239

299

329

181

135

130

126

124

124

188

195

190

186

191

187

188

195

Acquisition-related costs

-

-

-

-

-

0

-118

1

349

-

484

175

-

-

-

-

-

-

-

-

-

-

-

Merger-related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

615

Other

2,210

2,682

2,529

2,223

2,323

2,844

2,566

2,532

2,088

2,243

1,525

1,670

1,767

1,702

1,528

1,598

1,602

2,036

1,446

1,487

1,499

1,341

1,489

Total non-interest expense

16,161

14,589

16,068

14,699

14,916

14,845

15,280

15,823

16,048

18,567

13,114

11,835

12,443

10,271

11,902

12,400

12,135

12,622

11,444

11,483

11,219

11,052

12,054

Income before income tax expense

14,150

15,090

14,490

14,469

13,778

13,605

13,771

13,746

11,564

8,049

8,935

10,078

9,261

9,975

9,796

8,984

8,128

7,379

8,110

7,113

7,274

6,055

4,754

Income tax expense

3,377

3,395

3,355

3,480

3,273

2,927

3,288

3,279

2,560

7,456

2,697

3,584

2,740

3,433

3,548

3,407

2,885

2,493

2,844

2,449

2,476

2,157

1,693

Net income

10,773

11,695

11,135

10,989

10,505

10,678

10,483

10,467

9,004

593

6,238

6,494

6,521

6,542

6,248

5,577

5,243

4,886

5,266

4,664

4,798

3,898

3,061

Earnings per common share:
Basic

0.57

0.62

0.59

0.58

0.56

0.58

0.56

0.56

0.48

0.03

0.35

0.36

0.36

0.37

0.35

0.31

0.30

0.28

0.30

0.31

0.32

0.27

0.20

Diluted

0.57

0.61

0.59

0.58

0.55

0.56

0.55

0.55

0.48

0.03

0.34

0.35

0.36

0.36

0.34

0.31

0.29

0.27

0.29

0.30

0.31

0.26

0.20

Weighted average common shares outstanding:
Basic

18,884

18,861

18,840

18,805

18,781

18,724

18,713

18,679

18,598

18,280

17,976

17,937

17,884

17,796

17,764

17,738

17,632

17,599

17,467

15,197

14,770

14,709

14,646

Diluted

19,038

19,041

19,029

19,007

18,989

18,992

19,010

18,989

18,937

18,725

18,396

18,351

18,316

18,314

18,248

18,173

18,124

18,225

18,105

15,684

15,301

15,142

15,054