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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Dec. 31, 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 
Granted703,218 64.68 
Vested(349,700)42.63 
Forfeited(52,114)47.06 
Non-vested balance at December 31, 2024
1,842,598 $52.02 
Schedule of Common Stock Repurchases
The following table presents common stock repurchases:
For the Three Months Ended December 31,
For the Six Months Ended December 31,
(Dollars in thousands except per share data)
2024202320242023
Total repurchase
$— $58,650 $— $83,186 
Number of shares repurchased
— 1,607,301 — 2,255,509 
Average price paid per share
$— $36.49 $— $36.88 
Schedule of Accumulated Other Comprehensive Income
AOCI includes the after-tax change in unrealized gains and losses on investment securities and cash flow hedging activities.
For the Three Months Ended December 31, 2024
(Dollars in thousands)Unrealized gain (loss) on available-for-sale securitiesCash flow hedgesAccumulated other comprehensive income
Balance at September 30, 2024
$(1,147)$382 $(765)
Other comprehensive income/(loss)(784)4,556 3,772 
Balance at December 31, 2024
$(1,931)$4,938 $3,007 
For the Three Months Ended December 31, 2023
(Dollars in thousands)Unrealized gain (loss) on available-for-sale securitiesCash flow hedgesAccumulated other comprehensive income
Balance at September 30, 2023
$(6,388)$— $(6,388)
Other comprehensive income/(loss)2,469 — 2,469 
Balance at December 31, 2023
$(3,919)$— $(3,919)
For the Six Months Ended December 31, 2024
(Dollars in thousands)Unrealized gain (loss) on available-for-sale securitiesCash flow hedgesAccumulated other comprehensive income
Balance at June 30, 2024
$(2,466)$— $(2,466)
Other comprehensive income/(loss)535 4,938 5,473 
Balance at December 31, 2024
$(1,931)$4,938 $3,007 
For the Six Months Ended December 31, 2023
(Dollars in thousands)Unrealized gain (loss) on available-for-sale securitiesCash flow hedgesAccumulated other comprehensive income
Balance at June 30, 2023
$(6,610)$— $(6,610)
Other comprehensive income/(loss)2,691 — 2,691 
Balance at December 31, 2023
$(3,919)$— $(3,919)
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income.
For the Three Months Ended
December 31, 2024
For the Three Months Ended
December 31, 2023
(Dollars in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Unrealized gain/(loss) on investment securities:
Net unrealized gains/(losses) arising during the period$(1,153)$369 $(784)$3,527 $(1,058)$2,469 
Reclassification adjustment for realized (gains)/losses included in net income— — — — — — 
Net change$(1,153)$369 $(784)$3,527 $(1,058)$2,469 
Cash flow hedges:
Net unrealized gains/(losses) arising during the period$8,073 $(2,496)$5,577 $— $— $— 
Reclassification adjustment for realized (gains)/losses included in net income(1,478)457 (1,021)— — — 
Net change6,595 (2,039)4,556 — — — 
Total other comprehensive income/(loss)$5,442 $(1,670)$3,772 $3,527 $(1,058)$2,469 
For the Six Months Ended
December 31, 2024
For the Six Months Ended
December 31, 2023
(Dollars in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Unrealized gain/(loss) on investment securities:
Net unrealized gains/(losses) arising during the period$731 $(196)$535 $3,861 $(1,170)$2,691 
Reclassification adjustment for realized (gains)/losses included in net income— — — — — — 
Net change$731 $(196)$535 $3,861 $(1,170)$2,691 
Cash flow hedges:
Net unrealized gains/(losses) arising during the period$8,626 $(2,667)$5,959 $— $— $— 
Reclassification adjustment for realized (gains)/losses included in net income(1,478)457 (1,021)— — — 
Net change7,148 (2,210)4,938 — — — 
Total other comprehensive income$7,879 $(2,406)$5,473 $3,861 $(1,170)$2,691