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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

The provision for income taxes is as follows:

			At June 30,
(Dollars in thousands)			2024						2023						2022
Current:
Federal			$	98,814					$	89,839					$	64,800
State			53,525						54,326						43,843
			152,339						144,165						108,643
Deferred:
Federal			17,501						(13,084)						(5,600)
State			15,633						(6,502)						(3,800)
			33,134						(19,586)						(9,400)
Total			$	185,473					$	124,579					$	99,243

Schedule of Effective Income Tax Rate Reconciliation

The differences between the statutory federal income tax rate and the effective tax rates are summarized as follows:

			At June 30,
			2024						2023						2022
Statutory federal tax rate			21.00		%				21.00		%				21.00		%
Increase (decrease) resulting from:
State taxes—net of federal tax benefit			8.90		%				9.04		%				9.13		%
Tax credits			(0.58)		%				(0.45)		%				(0.44)		%
Non-taxable income			(0.08)		%				(0.03)		%				(0.09)		%
Excess benefit RSU vesting			(0.42)		%				(0.41)		%				(1.31)		%
Other			0.37		%				(0.30)		%				0.90		%
Effective tax rate			29.19		%				28.85		%				29.19		%

Schedule of Net Deferred Tax Asset

The components of the net deferred tax asset are as follows:

			At June 30,
(Dollars in thousands)			2024						2023
Deferred tax assets:
Allowance for credit losses			$	96,275					$	64,655
Lease liability			21,400						22,654
Accrued compensation			9,783						7,564
Stock-based compensation expense			8,282						6,980
Litigation accrual			5,324						5,206
Nonaccrual loan interest income			9,034						4,962
Unrealized net losses on securities			1,079						2,730
Net operating loss carryforward			1,160						1,484
State taxes			4,282						1,064
Securities impaired			273						267
Total deferred tax assets			$	156,892					$	117,566
Deferred tax liabilities:
Basis difference in acquired loans			(78,034)						—
Operating lease right-of-use asset			(19,406)						(20,681)
Depreciation and amortization			(4,679)						(7,533)
Other assets—prepaids			(2,183)						(2,342)
FHLB stock dividend			(852)						(833)
Total deferred tax liabilities			$	(105,154)					$	(31,389)
Net deferred tax asset			51,738						86,177
Valuation allowance			(70)						(277)
Net deferred tax asset, net of valuation allowance1			$	51,668					$	85,900

1 Net deferred tax asset, net of valuation allowance, is included in “Other Assets” in the Consolidated Balance Sheets.

Schedule of Unrecognized Tax Benefits Roll Forward

The reconciliation of the gross beginning and ending amount of unrecognized tax positions are as follows:

(Dollars in thousands)			2024						2023
Balance—beginning of period			$	6,924					$	4,975
Additions—current year tax positions			8,709						1,603
Additions—prior year tax positions			—						518
Reductions—prior year tax positions			(1,544)						(172)
Total liability for unrecognized tax positions—end of period			$	14,089					$	6,924

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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