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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
INTEREST AND DIVIDEND INCOME:        
Loans, including fees $ 405,280 $ 279,864 $ 1,090,106 $ 743,863
Securities borrowed and customer receivables 5,701 5,137 16,163 13,842
Investments and other 32,583 22,333 95,910 53,003
Total interest and dividend income 443,564 307,334 1,202,179 810,708
INTEREST EXPENSE:        
Deposits 176,737 98,439 483,028 202,292
Advances from the Federal Home Loan Bank 735 4,454 1,794 12,121
Securities loaned 376 1,307 1,835 3,317
Other borrowings 4,110 4,152 14,155 13,611
Total interest expense 181,958 108,352 500,812 231,341
Net interest income 261,606 198,982 701,367 579,367
Total provision for credit losses 6,000 5,500 26,500 17,251
Net interest income, after provision for credit losses 255,606 193,482 674,867 562,116
NON-INTEREST INCOME:        
Broker-dealer fee income 12,087 13,745 37,083 32,735
Advisory fee income 8,105 6,879 23,686 20,821
Banking and service fees 8,876 8,443 27,287 25,100
Mortgage banking and servicing rights income 2,180 1,107 6,811 5,113
Prepayment penalty fee income 1,915 2,072 4,535 4,014
Gain on acquisition 0 0 92,397 0
Total non-interest income 33,163 32,246 191,799 87,783
NON-INTEREST EXPENSE:        
Salaries and related costs 67,419 53,046 182,113 149,762
Data and operational processing 18,243 15,808 52,653 44,462
Depreciation and amortization 7,221 5,671 19,587 17,722
Advertising and promotional 10,282 11,786 30,451 29,055
Professional services 9,073 6,747 24,860 23,289
Occupancy and equipment 4,254 3,873 12,101 11,610
FDIC and regulatory fees 5,232 3,859 13,616 11,163
Broker-dealer clearing charges 4,459 3,356 14,419 9,924
General and administrative expense 7,045 6,898 25,773 38,171
Total non-interest expense 133,228 111,044 375,573 335,158
INCOME BEFORE INCOME TAXES 155,541 114,684 491,093 314,741
INCOME TAXES 44,821 34,834 145,957 94,932
NET INCOME 110,720 79,850 345,136 219,809
COMPREHENSIVE INCOME $ 111,575 $ 81,222 $ 348,682 $ 217,169
Basic earnings per common share (in dollars per share) $ 1.94 $ 1.33 $ 5.98 $ 3.67
Diluted earnings per common share (in dollars per share) $ 1.91 $ 1.32 $ 5.88 $ 3.63