2018 Q4 Form 10-Q Financial Statement

#000107742818000111 Filed on October 18, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $321.7M $301.8M $237.6M
YoY Change 28.94% 26.98% 30.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $7.435M $6.002M
YoY Change 23.88% -9.34%
% of Gross Profit
Depreciation & Amortization $7.200M $8.600M $7.300M
YoY Change -13.25% 17.81% 25.86%
% of Gross Profit
Operating Expenses $7.435M $6.002M
YoY Change 23.88% -9.34%
Operating Profit
YoY Change
Interest Expense $81.05M $69.58M $33.28M
YoY Change 108.5% 109.06% 111.27%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $91.09M $108.6M $88.53M
YoY Change -4.0% 22.61% 32.82%
Income Tax $19.20M $23.00M $29.85M
% Of Pretax Income 21.08% 21.19% 33.72%
Net Earnings $71.89M $85.55M $58.68M
YoY Change 60.68% 45.78% 37.35%
Net Earnings / Revenue 22.35% 28.35% 24.69%
Basic Earnings Per Share $1.38 $1.66 $1.13
Diluted Earnings Per Share $1.38 $1.65 $1.12
COMMON SHARES
Basic Shares Outstanding 50.18M shares 50.16M shares 49.61M shares
Diluted Shares Outstanding 50.38M shares 50.25M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.080B $2.785B $2.501B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.80M $24.00M $23.88M
YoY Change -5.46% 0.51% 15.91%
Goodwill $15.09M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $28.26B $27.13B $24.40B
YoY Change 12.69% 11.17% 9.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.00M $17.00M $5.000M
YoY Change 162.5% 240.0% 66.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $641.0M $487.0M $83.00M
YoY Change 75.62% 486.75% 2.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.00M $17.00M $5.000M
YoY Change 162.5% 240.0% 66.67%
LONG-TERM LIABILITIES
Long-Term Debt $395.0M $395.0M $395.0M
YoY Change 0.0% 0.0% 0.25%
Other Long-Term Liabilities $194.0M $216.0M $179.0M
YoY Change 6.59% 20.67% -9.14%
Total Long-Term Liabilities $589.0M $611.0M $574.0M
YoY Change 2.08% 6.45% -2.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.00M $17.00M $5.000M
Total Long-Term Liabilities $589.0M $611.0M $574.0M
Total Liabilities $25.78B $24.70B $22.24B
YoY Change 12.64% 11.05% 8.55%
SHAREHOLDERS EQUITY
Retained Earnings $1.361B $1.312B $1.048B
YoY Change 26.31% 25.17% 22.28%
Common Stock $502.0K $502.0K $496.0K
YoY Change 1.21% 1.21% 7.83%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.000K $8.000K $8.000K
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 417.0 shares 417.0 shares 417.0 shares
Shareholders Equity $2.480B $2.426B $2.158B
YoY Change
Total Liabilities & Shareholders Equity $28.26B $27.13B $24.40B
YoY Change 12.69% 11.17% 9.83%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $71.89M $85.55M $58.68M
YoY Change 60.68% 45.78% 37.35%
Depreciation, Depletion And Amortization $7.200M $8.600M $7.300M
YoY Change -13.25% 17.81% 25.86%
Cash From Operating Activities -$268.6M -$242.2M -$48.70M
YoY Change 2788.17% 397.33% -86.47%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$500.0K -$4.900M
YoY Change -37.5% -89.8% 1533.33%
Acquisitions
YoY Change
Other Investing Activities -$506.8M $351.4M -$922.2M
YoY Change 148.8% -138.1% -710.32%
Cash From Investing Activities -$508.8M $351.0M -$927.0M
YoY Change 145.92% -137.86% -715.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.072B -786.5M 1.207B
YoY Change 72.77% -165.16% 12.32%
NET CHANGE
Cash From Operating Activities -268.6M -242.2M -48.70M
Cash From Investing Activities -508.8M 351.0M -927.0M
Cash From Financing Activities 1.072B -786.5M 1.207B
Net Change In Cash 295.0M -677.7M 231.4M
YoY Change -27.07% -392.87% -73.26%
FREE CASH FLOW
Cash From Operating Activities -$268.6M -$242.2M -$48.70M
Capital Expenditures -$2.000M -$500.0K -$4.900M
Free Cash Flow -$266.6M -$241.7M -$43.80M
YoY Change 4270.49% 451.83% -87.82%

Facts In Submission

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DerivativeFairValueOfDerivativeLiability
31615000 USD
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
17377000 USD
CY2018Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
27381000 USD
CY2017Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
4635000 USD
CY2018Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
4234000 USD
us-gaap Description Of Credit Risk Exposure
DescriptionOfCreditRiskExposure
Our credit exposure on derivative instruments is limited to the net favorable value and interest payments by each counterparty. In some cases collateral may be required from the counterparties involved if the net value of the derivative instruments exceeds a nominal amount
us-gaap Dividends
Dividends
7313000 USD
us-gaap Dividends
Dividends
7313000 USD
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.93
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.45
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.89
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.41
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.00
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.01
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.01
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.01
CY2018Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
17487000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M0D
CY2017Q4 us-gaap Escrow Deposit
EscrowDeposit
73400000 USD
CY2018Q3 us-gaap Escrow Deposit
EscrowDeposit
96500000 USD
CY2017Q3 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
3897000 USD
us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
8329000 USD
CY2018Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
21955036000 USD
CY2018Q3 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
4207000 USD
us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
12379000 USD
CY2017 us-gaap Fair Value Assumption Date Of Securitization Or Asset Backed Financing Arrangement Transferors Continuing Involvement Servicing Assets Or Liabilities Weighted Average Life
FairValueAssumptionDateOfSecuritizationOrAssetBackedFinancingArrangementTransferorsContinuingInvolvementServicingAssetsOrLiabilitiesWeightedAverageLife
P7Y
us-gaap Fair Value Assumption Date Of Securitization Or Asset Backed Financing Arrangement Transferors Continuing Involvement Servicing Assets Or Liabilities Weighted Average Life
FairValueAssumptionDateOfSecuritizationOrAssetBackedFinancingArrangementTransferorsContinuingInvolvementServicingAssetsOrLiabilitiesWeightedAverageLife
P7Y10M24D
CY2017Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
6203000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
16800000 USD
CY2018Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
6524000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
18884000 USD
CY2017Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
365040000 USD
CY2018Q3 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
486818000 USD
CY2017Q4 us-gaap Federal Funds Sold
FederalFundsSold
30000000 USD
CY2018Q3 us-gaap Federal Funds Sold
FederalFundsSold
30000000 USD
CY2017Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
3211000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
9323000 USD
CY2018Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
3477000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
9619000 USD
CY2017Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
1627000 USD
us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
4386000 USD
CY2018Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
2065000 USD
us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
5996000 USD
CY2017Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
4486000 USD
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
10387000 USD
CY2018Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
4987000 USD
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
15446000 USD
CY2017Q3 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
647000 USD
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
3404000 USD
CY2018Q3 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
1355000 USD
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
4269000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
158493000 USD
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
159371000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
24436000 USD
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
30935000 USD
CY2017Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
20446642000 USD
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
20669659000 USD
CY2018Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
22039341000 USD
CY2017Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
119543000 USD
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
102684000 USD
CY2018Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
114639000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
2
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
721000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
14914000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1669000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
14940000 USD
CY2017Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
721000 USD
CY2018Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
14914000 USD
CY2018Q3 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
-18000 USD
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
-180000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-1005000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-8182000 USD
CY2018Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
107532000 USD
CY2018Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
91412000 USD
CY2017Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
105000 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
315000 USD
CY2018Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
-1864000 USD
CY2018Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
2000000 USD
us-gaap Income Loss Before Extraordinary Items And Cumulative Effect Of Change In Accounting Principle
IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
152321000 USD
us-gaap Income Loss Before Extraordinary Items And Cumulative Effect Of Change In Accounting Principle
IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
228933000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
88534000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
230823000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
108550000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
289697000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
152321000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
228933000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29850000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78502000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22998000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60764000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
72485000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
64225000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
2064426000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
1262457000 USD
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
26079000 USD
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
-121778000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-4282910000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-4321485000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
68672000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
79107000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8434000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
33920000 USD
CY2017Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
429370 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
431551 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
10525 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
115537 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
214468 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
235011 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
207391 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
240376 shares
CY2017Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
237643000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
629780000 USD
CY2018Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
301754000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
842475000 USD
CY2017Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
341000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
853000 USD
CY2018Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1161000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1560000 USD
CY2017Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
229116000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
607386000 USD
CY2018Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
291189000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
814500000 USD
CY2017Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
11310520000 USD
CY2018Q3 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
13354177000 USD
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
2697581000 USD
CY2018Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
2585570000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
33282000 USD
us-gaap Interest Expense
InterestExpense
79101000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
69579000 USD
us-gaap Interest Expense
InterestExpense
168288000 USD
CY2017Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
22435000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
52261000 USD
CY2018Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
52034000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
123343000 USD
CY2017Q3 us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
891000 USD
us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
1869000 USD
CY2018Q3 us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
1800000 USD
us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
4434000 USD
CY2017Q3 us-gaap Interest Expense Other
InterestExpenseOther
4835000 USD
us-gaap Interest Expense Other
InterestExpenseOther
9757000 USD
CY2018Q3 us-gaap Interest Expense Other
InterestExpenseOther
10317000 USD
us-gaap Interest Expense Other
InterestExpenseOther
24481000 USD
CY2017Q3 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
4191000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
12573000 USD
CY2018Q3 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
4191000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
12573000 USD
CY2017Q3 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
930000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
2641000 USD
CY2018Q3 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
1237000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
3457000 USD
CY2017Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
7544000 USD
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
19935000 USD
CY2018Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
8386000 USD
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
23607000 USD
CY2017Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
184361000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
508679000 USD
CY2018Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
219175000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
622187000 USD
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
204361000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
550679000 USD
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
232175000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
674187000 USD
CY2017Q3 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
642000 USD
CY2018Q3 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
1018000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2808000 USD
us-gaap Interest Paid
InterestPaid
80037000 USD
us-gaap Interest Paid
InterestPaid
158750000 USD
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7680000 USD
CY2018Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17218000 USD
CY2017Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
67882000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
194039000 USD
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
77327000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
222268000 USD
CY2017Q4 us-gaap Leases Receivable Commercial Lease Financing
LeasesReceivableCommercialLeaseFinancing
264903000 USD
CY2018Q3 us-gaap Leases Receivable Commercial Lease Financing
LeasesReceivableCommercialLeaseFinancing
319411000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
22872924000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
24700665000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25075645000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
27127107000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
168126000 USD
CY2017Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
182929000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
184655000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
190306000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
48684000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
51692000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
97931000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
106655000 USD
CY2017Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
20566185000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
20772343000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
22153980000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
0 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
15366252000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
16569538000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
20489757000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
21857019000 USD
CY2017Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1007695000 USD
CY2017Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1007700000 USD
CY2018Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1700000000 USD
CY2018Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1651930000 USD
CY2017Q4 us-gaap Loans Receivable Commercial And Industrial
LoansReceivableCommercialAndIndustrial
9189811000 USD
CY2018Q3 us-gaap Loans Receivable Commercial And Industrial
LoansReceivableCommercialAndIndustrial
10116945000 USD
CY2017Q4 us-gaap Loans Receivable Commercial Construction
LoansReceivableCommercialConstruction
2166208000 USD
CY2018Q3 us-gaap Loans Receivable Commercial Construction
LoansReceivableCommercialConstruction
2263463000 USD
CY2017Q4 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
3794577000 USD
CY2018Q3 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
3924682000 USD
CY2017Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
1011004000 USD
CY2018Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
1651930000 USD
CY2016Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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ParticipatingMortgageLoansMortgageObligationsAmount
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us-gaap Payments To Acquire Available For Sale Securities
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us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
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us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
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CY2017Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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94775000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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0 USD
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400000000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
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767000 USD
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ProfessionalFees
29948000 USD
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PropertyPlantAndEquipmentNet
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us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
50788000 USD
CY2017Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
20000000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
42000000 USD
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ProvisionForLoanLeaseAndOtherLosses
13000000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
52000000 USD
CY2017Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
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CY2018Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
79000 USD
CY2017Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0 USD
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101000 USD
us-gaap Real Estate Owned Valuation Allowance Period Increase Decrease
RealEstateOwnedValuationAllowancePeriodIncreaseDecrease
101000 USD
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us-gaap Real Estate Owned Valuation Allowance Period Increase Decrease
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0 USD
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253000 USD
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ServicingAssetAtAmortizedValueFairValue
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CY2017Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
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ServicingAssetAtFairValueAmount
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us-gaap Share Based Compensation
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15021000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
15633000 USD
us-gaap Stock Issued During Period Value Other
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2202721000 USD
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StockholdersEquity
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CY2017Q4 us-gaap Subordinated Debt
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SubordinatedDebt
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TierOneLeverageCapital
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TierOneLeverageCapital
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TierOneLeverageCapitalToAverageAssets
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TierOneLeverageCapitalToAverageAssets
0.0970
CY2017Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
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CY2018Q3 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
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TierOneRiskBasedCapitalToRiskWeightedAssets
0.0952
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TierOneRiskBasedCapitalToRiskWeightedAssets
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us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
417 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
417 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
8000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
8000 USD
CY2018Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
235000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
3817000 USD
us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
1222000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50240018 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50381349 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50209428 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49607028 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49573456 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50163433 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49853515 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for loan losses, the fair value of stock-based compensation awards, the fair value of mortgage servicing rights ("MSRs") and the status of contingencies are particularly susceptible to significant change.</font></div></div>

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