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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Mar. 31, 2025
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 
Granted1,006,449 64.46 
Vested(592,005)43.48 
Forfeited(71,433)47.62 
Non-vested balance at March 31, 2025
1,884,205 $54.92 
Schedule of Common Stock Repurchases
The following table presents common stock repurchases:
For the Three Months Ended March 31,
For the Nine Months Ended March 31,
(Dollars in thousands except per share data)
2025202420252024
Total repurchase
$27,870 $595 $27,870 $83,781 
Number of shares repurchased
434,327 12,101 434,327 2,267,610 
Average price paid per share
$64.17 $49.22 $64.17 $36.95 
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 March 31, 2025
(Dollars in thousands)Unrealized gain (loss) on available-for-sale securitiesCash flow hedgesAccumulated other comprehensive income
Balance at December 31, 2024
$(1,931)$4,938 $3,007 
Other comprehensive income/(loss)588 (2,482)(1,894)
Balance at March 31, 2025
$(1,343)$2,456 $1,113 
For the Three Months Ended March 31, 2024
(Dollars in thousands)Unrealized gain (loss) on available-for-sale securitiesCash flow hedgesAccumulated other comprehensive income
Balance at December 31, 2023
$(3,919)$— $(3,919)
Other comprehensive income/(loss)855 — 855 
Balance at March 31, 2024
$(3,064)$— $(3,064)
For the Nine Months Ended March 31, 2025
(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)1,123 2,456 3,579 
Balance at March 31, 2025
$(1,343)$2,456 $1,113 
For the Nine Months Ended March 31, 2024
(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)3,546 — 3,546 
Balance at March 31, 2024
$(3,064)$— $(3,064)
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income.
For the Three Months Ended
March 31, 2025
For the Three Months Ended
March 31, 2024
(Dollars in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Unrealized gain/(loss) on investment securities:
Net unrealized gains/(losses) arising during the period$850 $(262)$588 $1,211 $(356)$855 
Reclassification adjustment for realized (gains)/losses included in net income— — — — — — 
Net change$850 $(262)$588 $1,211 $(356)$855 
Cash flow hedges:
Net unrealized gains/(losses) arising during the period$(2,464)$763 $(1,701)$— $— $— 
Reclassification adjustment for realized (gains)/losses included in net income(1,130)349 (781)— — — 
Net change(3,594)1,112 (2,482)— — — 
Total other comprehensive income/(loss)$(2,744)$850 $(1,894)$1,211 $(356)$855 
For the Nine Months Ended
March 31, 2025
For the Nine Months Ended
March 31, 2024
(Dollars in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Unrealized gain/(loss) on investment securities:
Net unrealized gains/(losses) arising during the period$1,581 $(458)$1,123 $5,072 $(1,526)$3,546 
Reclassification adjustment for realized (gains)/losses included in net income— — — — — — 
Net change$1,581 $(458)$1,123 $5,072 $(1,526)$3,546 
Cash flow hedges:
Net unrealized gains/(losses) arising during the period$6,162 $(1,904)$4,258 $— $— $— 
Reclassification adjustment for realized (gains)/losses included in net income(2,608)806 (1,802)— — — 
Net change3,554 (1,098)2,456 — — — 
Total other comprehensive income$5,135 $(1,556)$3,579 $5,072 $(1,526)$3,546