NYSE: GWB $ 39.97

As of December 12, 2017 Close
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Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 9/30/2016 USD 2015 Y 9/30/2017 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD
Source Document Currency Code 2014 Y 9/30/2016 USD 2015 Y 9/30/2017 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD

Interest and dividend income

Loans 324,610 338,458 370,444 414,434
Taxable securities 26,363 22,973 23,249 24,262
Nontaxable securities 80 51 230 978
Dividends on securities 968 1,247 1,201 1,071
Federal funds sold and other 455 652 574 922
Total interest and dividend income 352,476 363,381 395,698 441,667

Interest expense

Deposits 25,764 23,362 25,114 35,035
Securities sold under agreements to repurchase 600 563 519 384
FHLB advances and other borrowings 3,452 3,631 4,154 5,437
Related party notes payable 921 771 0 0
Subordinated debentures and subordinated notes payable 1,315 1,557 3,737 4,464
Total interest expense 32,052 29,884 33,524 45,320
Net interest income 320,424 333,497 362,174 396,347
Provision for loan and lease losses 684 19,041 16,955 21,539
Net interest income after provision for loan and lease losses 319,740 314,456 345,219 374,808

Noninterest income

Service charges and other fees 40,204 39,134 46,209 48,573
Wealth management fees 7,228 7,412 7,283 9,118
Mortgage banking income, net 5,539 6,694 7,261 7,928
Net gain on sale of securities 90 310 160 75
Net (decrease) increase in fair value of loans at fair value 11,904 36,742 26,314 (65,231)
Net realized and unrealized gain (loss) on derivatives (30,177) (62,088) (48,658) 49,900
Other 4,993 5,686 3,968 5,699
Total noninterest income 39,781 33,890 42,537 56,062

Noninterest expense

Salaries and employee benefits 95,105 100,646 109,055 128,135
Data processing 19,548 19,531 21,719 24,514
Occupancy expenses 17,526 14,809 15,759 16,470
Professional fees 12,233 14,024 13,572 15,038
Communication expenses 4,510 4,455 3,721 3,774
Advertising 4,746 3,940 4,267 3,983
Equipment expense 4,350 3,905 3,795 3,347
Net loss recognized on repossessed property and other related expenses 8,644 5,382 1,263 1,749
Amortization of core deposits and other intangibles 16,215 7,110 3,264 2,358
Acquisition expenses 0 0 15,692 710
Other 17,345 12,992 15,533 16,565
Total noninterest expense 200,222 186,794 207,640 216,643
Income before income taxes 159,299 161,552 180,116 214,227
Provision for income taxes 54,347 52,487 58,863 69,441
Net income 104,952 109,065 121,253 144,786

Basic earnings per common share

Weighted average shares outstanding 57,886,114 57,455,693 56,563,438 58,770,708
Basic earnings per share 1.81 1.90 2.14 2.46

Diluted earnings per common share

Weighted average shares outstanding 57,886,114 57,500,878 56,729,350 59,029,382
Diluted earnings per share 1.81 1.90 2.14 2.45

Dividends per share

Dividends paid 102,000 20,520 31,419 43,474
Dividends per share 1.76 0.36 0.56 0.74

Consolidated Statements of Comprehensive Income

Net income NA 109,065 121,253 144,786

Other comprehensive income (loss), net of tax

Securities available for sale
Net unrealized holding (loss) gain arising during the year NA 13,979 5,347 (17,848)
Reclassification adjustment for net (gain) realized in net income NA (310) (160) (75)
Income tax benefit (expense) NA (5,194) (1,971) 6,811
Net change in unrealized (losses) gains on securities available for sale NA 8,475 3,216 (11,112)
Defined benefit pension plan obligation
Net unrealized holding gain arising during the year NA 0 0 329
Income tax (expense) NA 0 0 (125)
Net change in defined benefit pension plan obligation NA 0 0 204
Other comprehensive (loss) income, net of tax 924 8,475 3,216 (10,908)
Comprehensive income 105,876 117,540 124,469 133,878
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