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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 307,165 $ 240,716 $ 215,707
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 23,387 24,596 24,124
Other accretion and amortization (1,616) 3,933 4,752
Stock-based compensation expense 26,100 21,242 20,685
Trading activity 1,000 225 (1,878)
Provision for credit losses 24,750 18,500 23,750
Deferred income taxes (19,586) (9,400) (8,828)
Origination of loans held for sale (160,607) (656,487) (1,608,700)
Unrealized and realized gains on loans held for sale (7,999) (16,237) (41,172)
Proceeds from sale of loans held for sale 149,091 689,530 1,671,515
Amortization and change in fair value of mortgage servicing rights 634 (2,228) 6,319
Net change in assets and liabilities which provide (use) cash:      
Securities borrowed 204,641 280,108 (396,720)
Customer, broker-dealer and clearing receivables 43,342 (43,925) (149,549)
Other Assets (13,724) (107,314) (7,460)
Securities loaned (314,568) (254,588) 473,043
Customer, broker-dealer and clearing payables (66,177) (23,771) 187,811
Accounts payable and other liabilities (7,874) 45,382 (817)
Net cash provided by operating activities 187,959 210,282 412,582
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of available-for-sale investment securities (32,669) (143,733) (122,338)
Proceeds from sale and repayment of available-for-sale investment securities 57,989 131,868 74,667
Purchase of stock of regulatory agencies (108,724) (54,350) (305)
Proceeds from redemption of stock of regulatory agencies 108,724 54,350 920
Origination of loans held for investment (8,346,443) (10,325,104) (5,761,303)
Proceeds from sale of loans originally classified as held for investment 14,185 106,324 80,049
Mortgage warehouse loan activity, net 30,773 333,562  
Mortgage warehouse loan activity, net     (139,806)
Proceeds from sale of other real estate owned and repossessed assets 4,167 8,654 1,586
Proceeds from BOLI claim settlement 2,778 0 0
Acquisition of business activity, net of cash acquired (5,531) (54,597) 0
Purchase of loans and leases, net of discounts and premiums (1,564) (33,085) (3,619)
Principal repayments on loans 5,916,179 7,220,931 5,013,817
Purchases of furniture, equipment, software and intangibles (30,215) (21,504) (10,437)
Net cash used in investing activities (2,390,351) (2,776,684) (866,769)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 3,176,686 3,130,625 (520,897)
Repayments of the Federal Home Loan Bank term advances (27,500) (50,000) (70,000)
Net (repayment) proceeds of Federal Home Loan Bank other advances 0 (186,000) 181,000
Net (repayment) proceeds of other borrowings (84,300) 75,300 14,700
Tax payments related to settlement of restricted stock units (6,144) (14,481) (10,648)
Purchase of treasury stock (48,963) 0 (16,757)
Proceeds from issuance of subordinated notes 0 150,000 175,000
Payment of debt issuance costs 0 (2,120) (2,748)
Redemption of subordinated notes 0 0 (51,000)
Repayment of Paycheck Protection Program Liquidity Facility advances 0 0 (151,952)
Redemption of Preferred Stock, Series A 0 0 (5,150)
Cash dividends paid on preferred stock 0 0 (103)
Net cash provided by (used in) financing activities 3,009,779 3,103,324 (458,555)
NET CHANGE IN CASH AND CASH EQUIVALENTS 807,387 536,922 (912,742)
CASH AND CASH EQUIVALENTS—Beginning of year 1,574,699 1,037,777 1,950,519
CASH AND CASH EQUIVALENTS—End of year 2,382,086 1,574,699 1,037,777
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest paid on interest-bearing liabilities 368,311 50,269 77,995
Income taxes paid 131,365 99,701 92,506
Transfers to other real estate and repossessed vehicles from loans held for investment 12,664 2,134 1,903
Transfers from loans held for investment to loans held for sale 14,185 105,884 71,136
Transfers from loans held for sale to loans and leases held for investment 690 3,098 29,616
Operating lease liabilities from obtaining right of use assets 3,400 6,876 0
Impact of adoption of ASC 326 on retained earnings 0 0 37,088
Securities transferred from available-for-sale portfolio to other assets $ 0 $ 0 $ 70,751
Cumulative effect of change in accounting principle net of tax, adoption of ASU No. 2016-13 Accounting Standards Update 2016-13 [Member] Accounting Standards Update 2016-13 [Member] Accounting Standards Update 2016-13 [Member]