NYSE: GWB $ 43.35

As of May 25, 2018 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 2018 Q2 YTD 3/31/2018 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 2018 Q2 YTD 3/31/2018 USD

Interest income

Loans 324,610 338,458 370,444 414,434 217,674
Taxable securities 26,363 22,973 23,249 24,262 NA
Nontaxable securities 80 51 230 978 NA
Dividends on securities 968 1,247 1,201 1,071 NA
Investment securities NA NA NA NA 14,055
Federal funds sold and other 455 652 574 922 458
Total interest income 352,476 363,381 395,698 441,667 232,187

Interest expense

Deposits 25,764 23,362 25,114 35,035 23,656
Securities sold under agreements to repurchase 600 563 519 384 NA
FHLB advances and other borrowings 3,452 3,631 4,154 5,437 4,978
Related party notes payable 921 771 0 0 NA
Subordinated debentures and subordinated notes payable 1,315 1,557 3,737 4,464 2,377
Total interest expense 32,052 29,884 33,524 45,320 31,011
Net interest income 320,424 333,497 362,174 396,347 201,176
Provision for loan and lease losses 684 19,041 16,955 21,539 9,457
Net interest income after provision for loan and lease losses 319,740 314,456 345,219 374,808 191,719

Noninterest income

Service charges and other fees 40,204 39,134 46,209 48,573 25,224
Wealth management fees 7,228 7,412 7,283 9,118 4,519
Mortgage banking income, net 5,539 6,694 7,261 7,928 2,826
Net (loss) gain on sale of securities 90 310 160 75 (9)
Net (decrease) in fair value of loans at fair value 11,904 36,742 26,314 (65,231) (23,502)
Net realized and unrealized gain on derivatives (30,177) (62,088) (48,658) 49,900 21,509
Other 4,993 5,686 3,968 5,699 4,849
Total noninterest income 39,781 33,890 42,537 56,062 35,416

Noninterest expense

Salaries and employee benefits 95,105 100,646 109,055 128,135 66,539
Data processing 19,548 19,531 21,719 24,514 NA
Occupancy expenses 17,526 14,809 15,759 16,470 NA
Data processing and communication NA NA NA NA 16,074
Occupancy and equipment NA NA NA NA 10,138
Professional fees 12,233 14,024 13,572 15,038 8,267
Communication expenses 4,510 4,455 3,721 3,774 NA
Advertising 4,746 3,940 4,267 3,983 2,181
Equipment expense 4,350 3,905 3,795 3,347 NA
Net loss recognized on repossessed property and other related expenses 8,644 5,382 1,263 1,749 1,214
Amortization of core deposits and other intangibles 16,215 7,110 3,264 2,358 852
Acquisition expenses 0 0 15,692 710 0
Other 17,345 12,992 15,533 16,565 8,747
Total noninterest expense 200,222 186,794 207,640 216,643 114,012
Income before income taxes 159,299 161,552 180,116 214,227 113,123
Provision for income taxes 54,347 52,487 58,863 69,441 43,361
Net income 104,952 109,065 121,253 144,786 69,762

Basic earnings per common share

Weighted average common shares outstanding 57,886,114 57,455,693 56,563,438 58,770,708 58,921,972
Basic earnings per share 1.81 1.90 2.14 2.46 1.18

Diluted earnings per common share

Weighted average diluted common shares outstanding 57,886,114 57,500,878 56,729,350 59,029,382 59,116,923
Diluted earnings per share 1.81 1.90 2.14 2.45 1.18

Dividends per share

Dividends paid 102,000 20,520 31,419 43,474 23,550
Dividends per share 1.76 0.36 0.56 0.74 0.40

Consolidated Statements of Comprehensive Income

Net income NA 109,065 121,253 144,786 69,762

Other comprehensive (loss) gain, net of tax

Securities available for sale
Net unrealized holding (loss) gain arising during the period NA 13,979 5,347 (17,848) (21,070)
Reclassification adjustment for net loss (gain) realized in net income NA (310) (160) (75) 9
Income tax benefit (expense) NA (5,194) (1,971) 6,811 6,345
Net change in unrealized (loss) gain on securities available for sale NA 8,475 3,216 (11,112) (14,716)
Defined benefit pension plan obligation
Net unrealized holding gain arising during the year NA 0 0 329 145
Income tax (expense) NA 0 0 (125) (55)
Net change in defined benefit pension plan obligation NA 0 0 204 90
Other comprehensive (loss) gain, net of tax 924 8,475 3,216 (10,908) (14,626)
Comprehensive income 105,876 117,540 124,469 133,878 55,136
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