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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
INTEREST AND DIVIDEND INCOME:        
Loans, including fees $ 279,864 $ 153,873 $ 743,863 $ 452,518
Securities borrowed and customer receivables 5,137 3,833 13,842 16,050
Investments 22,333 2,475 53,003 6,999
Total interest and dividend income 307,334 160,181 810,708 475,567
INTEREST EXPENSE:        
Deposits 98,439 6,924 202,292 22,441
Advances from the Federal Home Loan Bank 4,454 973 12,121 2,962
Securities loaned 1,307 152 3,317 621
Other borrowings 4,152 2,594 13,611 7,795
Total interest expense 108,352 10,643 231,341 33,819
Net interest income 198,982 149,538 579,367 441,748
Provision for credit losses 5,500 4,500 17,750 12,500
Net interest income, after provision for credit losses 193,482 145,038 561,617 429,248
NON-INTEREST INCOME:        
Broker-dealer fee income 13,745 5,174 32,735 17,968
Advisory fee income 6,879 7,739 20,821 21,078
Banking and service fees 8,443 7,278 25,100 22,444
Mortgage banking income 1,107 5,790 5,113 15,700
Prepayment penalty fee income 2,072 2,793 4,014 9,073
Total non-interest income 32,246 28,774 87,783 86,263
NON-INTEREST EXPENSE:        
Salaries and related costs 53,046 43,133 149,762 123,849
Data processing 15,808 12,274 44,462 36,565
Depreciation and amortization 5,671 6,061 17,722 18,574
Advertising and promotional 11,786 3,357 29,055 10,131
Professional services 6,747 4,346 23,289 14,834
Occupancy and equipment 3,873 3,742 11,610 10,265
FDIC and regulatory fees 3,859 3,115 11,163 7,856
Broker-dealer clearing charges 3,356 3,561 9,924 11,244
General and administrative expense 6,898 7,230 37,672 23,951
Total non-interest expense 111,044 86,819 334,659 257,269
INCOME BEFORE INCOME TAXES 114,684 86,993 314,741 258,242
INCOME TAXES 34,834 25,170 94,932 75,422
NET INCOME 79,850 61,823 219,809 182,820
COMPREHENSIVE INCOME $ 81,222 $ 58,853 $ 217,169 $ 178,687
Basic earnings per common share (in dollars per share) $ 1.33 $ 1.04 $ 3.67 $ 3.07
Diluted earnings per common share (in dollars per share) $ 1.32 $ 1.02 $ 3.63 $ 3.02