XML 133 R115.htm IDEA: XBRL DOCUMENT v3.22.2.2
PARENT-ONLY CONDENSED FINANCIAL INFORMATION - STATEMENT OF CASH FLOWS (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 240,716 $ 215,707 $ 183,438
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Accretion of discounts on securities (423) (365) 291
Amortization of borrowing costs 706 1,569 208
Accretion of discounts on loans 56 0 0
Amortization of operating lease right of use asset 10,899 10,598 10,543
Stock-based compensation expense 21,242 20,685 21,935
Decrease (increase) in other assets (102,636) (7,084) (36,805)
Net cash provided by operating activities 210,282 412,582 284,118
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of loans and leases, net of discounts and premiums (33,085) (3,619) 0
Proceeds from principal repayments on loans 7,220,931 5,013,817 5,349,800
Purchases of furniture, equipment, software and intangibles (21,504) (10,437) (12,333)
Net cash used in investing activities (2,776,684) (866,769) (1,348,439)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Tax payments related to settlement of restricted stock units (14,481) (10,648) (7,457)
Repurchase of treasury stock 0 (16,757) (38,858)
Net (repayment) proceeds of other borrowings 75,300 14,700 (85,300)
Payment of debt issuance costs (2,120) (2,748) 0
Proceeds from issuance of subordinated notes 150,000 175,000 0
Redemption of preferred stock, Series A 0 (5,150) 0
Cash dividends on preferred stock 0 (103) (386)
Net cash provided by (used in) financing activities 3,103,324 (458,555) 2,157,472
NET CHANGE IN CASH AND CASH EQUIVALENTS 536,922 (912,742) 1,093,151
CASH AND CASH EQUIVALENTS—Beginning of year 1,037,777 1,950,519 857,368
CASH AND CASH EQUIVALENTS—End of year 1,574,699 1,037,777 1,950,519
Parent      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income 240,716 215,707 183,438
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Accretion of discounts on securities 50 48 26
Amortization of borrowing costs 706 1,569 208
Amortization of operating lease right of use asset 10,124 9,197 9,079
Stock-based compensation expense 21,242 20,685 21,935
Depreciation and amortization 224 0 0
Equity in undistributed earnings of subsidiaries (213,588) (184,479) (79,898)
Decrease (increase) in other assets (5,231) (25,835) (79,227)
Increase (decrease) in other liabilities (11,564) (14,550) 72,175
Net cash provided by operating activities 42,735 22,342 127,736
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of investment securities 0 0 (15,301)
Purchases of loans and leases, net of discounts and premiums 0 0 (59,391)
Proceeds from principal repayments on loans 0 0 10
Purchases of furniture, equipment, software and intangibles (817) (457) 0
Investment in subsidiaries (203,086) (7,200) (10,130)
Net cash used in investing activities (203,903) (7,657) (84,812)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Tax payments related to settlement of restricted stock units (14,481) (10,648) (7,457)
Repurchase of treasury stock 0 (16,757) (38,858)
Net (repayment) proceeds of other borrowings 0 (51,000) 0
Payment of debt issuance costs (2,120) (2,748) 0
Proceeds from issuance of subordinated notes 150,000 175,000 0
Redemption of preferred stock, Series A 0 (5,150) 0
Cash dividends on preferred stock 0 (103) (386)
Net cash provided by (used in) financing activities 133,399 88,594 (46,701)
NET CHANGE IN CASH AND CASH EQUIVALENTS (27,769) 103,279 (3,777)
CASH AND CASH EQUIVALENTS—Beginning of year 126,409 23,130 26,907
CASH AND CASH EQUIVALENTS—End of year $ 98,640 $ 126,409 $ 23,130