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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 207,218 $ 162,935
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, accretion and other, net 15,667 47,398
Stock-based compensation expense 5,923 5,316
Provision (release) for credit losses 15,000 1,500
Loss (gain) on sale of investment securities (3) (81)
Gain on bank owned life insurance (821) 0
Net realized (gain) loss on sales of premises, equipment, and real estate owned (1,033) (516)
Impairment loss on premises and equipment 6 0
Decrease (increase) in accrued interest receivable (18,059) (5,349)
Decrease (increase) in federal and state income tax receivable 0 3,877
Decrease (increase) in cash surrender value of bank owned life insurance (4,409) (4,144)
Decrease (increase) in other assets (50,642) (60,525)
Increase (decrease) in federal and state income tax liabilities (674) 8,950
Increase (decrease) in accrued expenses and other liabilities (37,095) 12,046
Net cash provided by (used in) operating activities 131,078 171,407
CASH FLOWS FROM INVESTING ACTIVITIES    
Origination of loans and principal repayments, net (1,208,282) (1,186,189)
Loans purchased (79,965) (576,697)
FHLB stock purchased (510,805) (170,000)
FHLB & FRB stock redeemed 475,003 194,790
Available-for-sale securities purchased (317,027) (516,163)
Principal payments and maturities of available-for-sale securities 339,604 384,111
Proceeds from sales of available-for-sale securities 94 4,510
Held-to-maturity securities purchased 0 (195,358)
Principal payments and maturities of held-to-maturity securities 28,895 81,497
Proceeds from sales of real estate owned 2,715 5,280
Proceeds from settlement of bank owned life insurance 1,809 0
Equity securities purchased (7,500) 0
Net cash received (paid) in business combinations (785) 0
Proceeds from sales of premises and equipment 947 41
Premises and equipment purchased and REO improvements (11,217) (8,712)
Net cash provided by (used in) investing activities (1,286,514) (1,982,890)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in customer accounts 90,854 423,508
Proceeds from borrowings 13,575,000 4,250,000
Repayments of borrowings (11,950,000) (4,270,000)
Proceeds from stock-based awards 1,039 1,548
Dividends paid on common stock (47,826) (46,015)
Dividends paid on preferred stock (10,968) (10,969)
Treasury stock purchased (30,450) (3,212)
Increase (decrease) in advanced payments by borrowers for taxes and insurance (16,535) (16,765)
Net cash provided by (used in) financing activities 1,611,114 328,095
Increase (decrease) in cash and cash equivalents 455,678 (1,483,388)
Cash, cash equivalents and restricted cash at beginning of period 683,965 2,090,809
Cash, cash equivalents and restricted cash at end of period 1,139,643 607,421
Non-cash investing activities    
Real estate acquired through foreclosure 121 73
Other personal property acquired through foreclosure 0 422
Non-cash financing activities    
Preferred stock dividend payable 3,655 3,656
Cash paid (received) during the period for    
Interest 243,465 40,196
Income taxes $ 47,251 $ 19,257