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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Status and Changes in Restricted Stock Grants | The following table presents the status and changes in RSUs:
| RSUs |  | Weighted-Average Grant-Date Fair Value
Non-vested balance at June 30, 2024 | 1,541,194 |  |  | $ | 43.95 |
Granted | 640,058 |  |  | 63.15 |
Vested | (340,701) |  |  | 42.50 |
Forfeited | (20,981) |  |  | 44.74 |
Non-vested balance at September 30, 2024 | 1,819,570 |  |  | $ | 50.97 |
Schedule of Class of Treasury Stock | The following table presents common stock repurchases:
|  |  | For the Three Months Ended September 30,
(Dollars in thousands except per share data) |  |  |  |  | 2024 |  | 2023
Total repurchase |  |  |  |  | $ | — |  |  | $ | 24,535 |
Number of shares repurchased |  |  |  |  | — |  |  | 648,208 |
Average price paid per share |  |  |  |  | $ | — |  |  | $ | 37.85 |
Schedule of Accumulated Other Comprehensive Income | Accumulated other comprehensive income includes the after-tax change in unrealized gains and losses on investment securities and cash flow hedging activities.
| For the Three Months Ended September 30, 2024
(Dollars in thousands) | Unrealized gain (loss) on available-for-sale securities |  | Cash flow hedges |  | Accumulated other comprehensive income
Balance at June 30, 2024 | $ | (2,466) |  |  | $ | — |  |  | $ | (2,466) |
Other comprehensive income/(loss) | 1,319 |  |  | 382 |  |  | 1,701 |
Balance at September 30, 2024 | $ | (1,147) |  |  | $ | 382 |  |  | $ | (765) |
| For the Three Months Ended September 30, 2023
(Dollars in thousands) | Unrealized gain (loss) on available-for-sale securities |  | Cash flow hedges |  | Accumulated other comprehensive income
Balance at June 30, 2023 | $ | (6,610) |  |  | $ | — |  |  | $ | (6,610) |
Other comprehensive income/(loss) | 222 |  |  | — |  |  | 222 |
Balance at September 30, 2023 | $ | (6,388) |  |  | $ | — |  |  | $ | (6,388) |
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income.
| For the Three Months Ended September 30, 2024 |  | For the Three Months Ended September 30, 2023
(Dollars in thousands) | Pre-tax |  | Tax effect |  | After-tax |  | Pre-tax |  | Tax effect |  | After-tax
Unrealized gain/(loss) on investment securities: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains/(losses) arising during the period | $ | 1,884 |  |  | $ | (565) |  |  | $ | 1,319 |  |  | $ | 334 |  |  | $ | (112) |  |  | $ | 222 |
Reclassification adjustment for realized (gains)/losses included in net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net change | $ | 1,884 |  |  | $ | (565) |  |  | $ | 1,319 |  |  | $ | 334 |  |  | $ | (112) |  |  | $ | 222 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains/(losses) arising during the period | $ | 553 |  |  | $ | (171) |  |  | $ | 382 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Reclassification adjustment for realized (gains)/losses included in net income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net change | 553 |  |  | (171) |  |  | 382 |  |  | — |  |  | — |  |  | — |
Total other comprehensive income | $ | 2,437 |  |  | $ | (736) |  |  | $ | 1,701 |  |  | $ | 334 |  |  | $ | (112) |  |  | $ | 222 |

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