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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes | The provision for income taxes is as follows:
| Fiscal Year Ended
| At June 30,
(Dollars in thousands) | 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |
Federal | $ | 130,062 |  |  | $ | 98,814 |  |  | $ | 89,839 |
State | 78,381 |  |  | 53,525 |  |  | 54,326 |
| 208,443 |  |  | 152,339 |  |  | 144,165 |
Deferred: |  |  |  |  |
Federal | (25,702) |  |  | 17,501 |  |  | (13,084) |
State | (2,254) |  |  | 15,633 |  |  | (6,502) |
| (27,956) |  |  | 33,134 |  |  | (19,586) |
Total | $ | 180,487 |  |  | $ | 185,473 |  |  | $ | 124,579 |
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:
| Fiscal Year Ended
| At June 30,
| 2025 |  | 2024 |  | 2023
Statutory federal tax rate | 21.00 | % |  | 21.00 | % |  | 21.00 | %
Increase (decrease) resulting from: |  |  |  |  |
State taxes—net of federal tax benefit | 8.86 | % |  | 8.90 | % |  | 9.04 | %
Tax credits | (0.43) | % |  | (0.58) | % |  | (0.45) | %
Non-taxable income | (0.15) | % |  | (0.08) | % |  | (0.03) | %
Excess benefit RSU vesting | (0.97) | % |  | (0.42) | % |  | (0.41) | %
Uncertain tax positions | 1.29 | % |  | 0.88 | % |  | 0.39 | %
Other | (0.18) | % |  | (0.51) | % |  | (0.69) | %
Effective tax rate | 29.42 | % |  | 29.19 | % |  | 28.85 | %
Schedule of Net Deferred Tax Asset | The components of the net deferred tax asset are as follows:
| At June 30,
(Dollars in thousands) | 2025 |  | 2024
Deferred tax assets: |  |  |
Allowance for credit losses | $ | 91,922 |  |  | $ | 96,275 |
Lease liability | 16,650 |  |  | 21,400 |
Accrued compensation | 3,306 |  |  | 9,783 |
Stock-based compensation expense | 8,134 |  |  | 8,282 |
Litigation accrual | — |  |  | 5,324 |
Nonaccrual loan interest income | 8,419 |  |  | 9,034 |
Unrealized net losses on securities | — |  |  | 1,079 |
Depreciation and amortization | 5,090 |  |  | — |
Net operating loss carryforward | 1,021 |  |  | 1,160 |
State taxes | 5,967 |  |  | 4,282 |
Securities impaired | 236 |  |  | 273 |
Other DTA | 37 |  |  | — |
Total deferred tax assets | $ | 140,782 |  |  | $ | 156,892 |
Deferred tax liabilities: |  |  |
Basis difference in acquired loans | (43,773) |  |  | (78,034) |
Operating lease right-of-use asset | (15,002) |  |  | (19,406) |
Unrealized net gain securities | (160) |  |  | — |
Depreciation and amortization | — |  |  | (4,679) |
Other assets—prepaids | (2,532) |  |  | (2,183) |
FHLB stock dividend | (738) |  |  | (852) |
Total deferred tax liabilities | $ | (62,205) |  |  | $ | (105,154) |
Net deferred tax asset | 78,577 |  |  | 51,738 |
Valuation allowance | (70) |  |  | (70) |
Net deferred tax asset, net of valuation allowance 1 | $ | 78,507 |  |  | $ | 51,668 |
1 Net deferred tax asset, net of valuation allowance, is included in “Other Assets” in the Consolidated Balance Sheets.
Schedule of Unrecognized Tax Benefits | The reconciliation of the gross beginning and ending amount of unrecognized tax positions are as follows:
(Dollars in thousands) | 2025 |  | 2024 |  |
Balance—beginning of period | $ | 14,089 |  |  | $ | 6,924 |  |  |
Additions—current year tax positions | 11,156 |  |  | 8,709 |  |  |
Additions—prior year tax positions | — |  |  | — |  |  |
Reductions—prior year tax positions | (1,633) |  |  | (1,544) |  |  |
Total liability for unrecognized tax positions—end of period | $ | 23,612 |  |  | $ | 14,089 |  |  |

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