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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 82,645 $ 58,407
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,878 6,094
Other accretion and amortization (3,101) 707
Stock-based compensation expense 6,802 5,320
Trading activity 118 1,683
Provision (benefit) for credit losses - loans 7,000 8,750
Deferred income taxes 3,526 (3,807)
Origination of loans held for sale (50,607) (70,073)
Unrealized and realized gains on loans held for sale (1,796) (2,433)
Proceeds from sale of loans held for sale 65,138 67,610
Changes in servicing rights (3,448) (953)
Net change in assets and liabilities which provide (use) cash:    
Securities borrowed 37,915 251,358
Customer, broker-dealer and clearing receivables 88,651 61,015
Other Assets (86,123) (6,347)
Securities loaned (43,386) (267,511)
Customer, broker-dealer and clearing payables (103,562) (65,484)
Accounts payable and other liabilities 28,220 26,485
Net cash provided by operating activities 33,870 70,821
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (4,796) 0
Proceeds from sale and repayment of available-for-sale investment securities 718 1,029
Purchase of stock of regulatory agencies 0 (54,964)
Proceeds from redemption of stock of regulatory agencies 0 54,964
Origination of loans held for investment (2,560,043) (2,486,224)
Proceeds from sale of loans originally classified as held for investment 0 13,965
Mortgage warehouse loan activity, net (45,289) 103,812
Proceeds from sale of other real estate owned and repossessed assets 918 719
Acquisition of business activity, net of cash acquired 0 (5,009)
Purchase of loans and leases, net of discounts and premiums (51,892) (51)
Principal repayments on loans 2,160,911 1,229,390
Purchases of furniture, equipment, software and intangibles (6,492) (7,921)
Net cash used in investing activities (505,965) (1,150,290)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 442,633 1,230,209
Repayments of the Federal Home Loan Bank term advances 0 (5,000)
Net (repayment) proceeds of other borrowings 85,700 (19,500)
Tax payments related to settlement of restricted stock units (6,083) (2,891)
Purchase of treasury stock (18,472) 0
Net cash provided by financing activities 503,778 1,202,818
NET CHANGE IN CASH AND CASH EQUIVALENTS 31,683 123,349
CASH AND CASH EQUIVALENTS—Beginning of year 2,382,086 1,574,699
CASH AND CASH EQUIVALENTS—End of period 2,413,769 1,698,048
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid on interest-bearing liabilities 152,359 42,429
Income taxes paid 52,664 37,277
Transfers to other real estate and repossessed vehicles from loans held for investment 1,847 5,522
Transfers from loans held for sale to loans and leases held for investment $ 2,783 $ 682