XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 112,340 $ 82,645
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,450 5,878
Other accretion and amortization (37,358) (3,101)
Stock-based compensation expense 10,239 6,802
Trading activity (241) 118
Provision for credit losses 14,000 7,000
Deferred income taxes 464 3,526
Origination of loans held for sale (69,570) (50,607)
Unrealized and realized gains on loans held for sale (2,881) (1,796)
Proceeds from sale of loans held for sale 74,532 65,138
Change in the fair value of servicing rights 1,765 (3,448)
Gain on repurchase of subordinated notes (604) 0
Net change in assets and liabilities which provide (use) cash:    
Securities borrowed (17,114) 37,915
Customer, broker-dealer and clearing receivables (22,746) 88,651
Other Assets 4,243 (86,716)
Securities loaned 21,706 (43,386)
Customer, broker-dealer and clearing payables 14,858 (103,562)
Accounts payable and other liabilities (40,295) 29,130
Net cash provided by operating activities 70,788 34,187
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (16,000) (4,796)
Proceeds from sale and repayment of available-for-sale securities 21,564 718
Purchase of stock of regulatory agencies (12,446) 0
Net change in loans held for investment (48,333) (444,421)
Proceeds from sale of loans originally classified as held for investment 27,800 0
Proceeds from sale of other real estate owned and repossessed assets 2,202 918
Purchase of loans and leases, net of discounts and premiums 0 (51,892)
Purchases of furniture, equipment, software and intangibles (17,770) (6,492)
Purchases of other investments (2,558) (910)
Distributions received from other investments 0 593
Net cash used in investing activities (45,541) (506,282)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 614,112 442,633
Net (repayment) proceeds of other borrowings 0 85,700
Payments related to settlement of restricted stock units (9,476) (6,083)
Purchase of treasury stock 0 (18,472)
Repurchase of subordinated notes (11,803) 0
Net cash provided by financing activities 592,833 503,778
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 618,080 31,683
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year 2,185,776 2,382,086
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 2,803,856 2,413,769
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid on interest-bearing liabilities 192,306 152,359
Income taxes paid 40,158 52,664
Transfers to other real estate and repossessed vehicles from loans held for investment 585 1,847
Transfers from loans held for investment to loans held for sale 28,140 2,783
Operating lease liabilities from obtaining right of use assets $ 212 $ 0