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DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value, Notional Amount and Balance Sheet Classification

The following tables present the fair value, notional amount and balance sheet classification of derivative assets and liabilities at

September 30, 2025 and September 30, 2024.

September 30, 2025	Derivative Assets				Derivative Liabilities
Interest rate contract purpose	Balance Sheet Location	Notional	Fair Value		Balance Sheet Location	Notional	Fair Value
	(In thousands)				(In thousands)
Client swap program hedges	Other assets	$977,017	$37,347		Other liabilities	$977,017	$37,818
Commercial loan fair value hedges	Other assets	34,341	1,611		Other liabilities	—	—
Mortgage loan fair value hedges	Other assets	470,000	13,082		Other liabilities	1,100,000	20,426
Mortgage backed securities fair value hedges	Other assets	—	—		Other liabilities	610,000	15,086
Borrowings cash flow hedges	Other assets	900,000	99,231		Other liabilities	—	—
		$2,381,358	$151,271			$2,687,017	$73,330

September 30, 2024	Derivative Assets				Derivative Liabilities
Interest rate contract purpose	Balance Sheet Location	Notional	Fair Value		Balance Sheet Location	Notional	Fair Value
	(In thousands)				(In thousands)
Client swap program hedges	Other assets	$1,044,512	$46,758		Other liabilities	$1,044,512	$47,388
Commercial loan fair value hedges	Other assets	37,042	1,595		Other liabilities	—	—
Mortgage loan fair value hedges	Other assets	—	—		Other liabilities	2,570,000	667
Borrowings cash flow hedges	Other assets	900,000	117,271		Other liabilities	—	—
		$1,981,554	$165,624			$3,614,512	$48,055

Schedule of Fair Value Hedge Accounting on Carrying Value of Hedged Items

The following tables present the impact of fair value hedge

accounting on the carrying value of the hedged items at September 30, 2025 and September 30, 2024.

(In thousands)	September 30, 2025
Balance sheet line item in which hedged item is recorded	Carrying value of hedged items	Cumulative gain (loss) fair value hedge adjustment included in carrying amount of hedged items
Loans receivable (1) (2)	$5,426,086	$6,794
Available-for-sale Securities (3)	940,110	15,452
	$6,366,196	$22,246

(1) Includes the amortized cost basis of the closed mortgage loan portfolios used to designate the hedging relationships in

which the hedged items are the last layer expected to be remaining at the end of the hedging relationships. At September

30, 2025, the amortized cost basis of the closed loan portfolios used in the hedging relationships was $5,393,257,000, the

cumulative basis adjustment associated with the hedging relationships was $8,262,000, and the amount of the designated

hedged items was $1,570,000,000.  During the year, hedge accounting was discontinued on a $1,600,000,000 last of

layer hedge. A basis adjustment of $4,016,668 associated with the terminated portion of the hedge was deferred and is

being amortized over the remaining life of the associated pool of loans.

(2) Includes the amortized cost basis of commercial loans designated in fair value hedging relationships. At September

30, 2025, the amortized cost basis of the hedged commercial loans was $32,829,000 and the cumulative basis adjustment

associated with the hedging relationships was $(1,468,000).

(3) Includes the fair value basis of mortgage backed securities designated in fair value hedging relationships. At

September 30, 2025, the fair value of the hedged mortgage based securities was $940,110,000, the cumulative basis

adjustment associated with the hedging relationships was $15,452,000, and the amount of the designated hedged items

was $610,000,000. 

(In thousands)	September 30, 2024
Balance sheet line item in which hedged item is recorded	Carrying value of hedged items	Cumulative gain (loss) fair value hedge adjustment included in carrying amount of hedged items
Loans receivable (1) (2)	$7,287,540	$20,005
	$7,287,540	$20,005

(1) Includes the amortized cost basis of the closed mortgage loan portfolios used to designate the hedging relationships in

which the hedged items are the last layer expected to be remaining at the end of the hedging relationships. At September

30, 2024, the amortized cost basis of the closed loan portfolios used in the hedging relationships was $7,252,017,000, the

cumulative basis adjustment associated with the hedging relationships was $21,476,000, and the amount of the

designated hedged items was $2,570,000,000. During the year, hedge accounting was discontinued on a $300,000,000

last of layer hedge. A basis adjustment of $1,232,211 associated with the terminated portion of the hedge was deferred

and is being accreted over the remaining life of the associated pool of loans.

(2) Includes the amortized cost basis of commercial loans designated in fair value hedging relationships. At September

30, 2024, the amortized cost basis of the hedged commercial loans was $35,523,000 and the cumulative basis adjustment

associated with the hedging relationships was $(1,471,000).

Schedule of Impact of Derivative Instruments

The following table presents the impact of derivative instruments (cash flow hedges on borrowings) on AOCI for the periods

presented.

(In thousands)	Twelve Months Ended September 30,
Amount of gain/(loss) recognized in AOCI on derivatives in cash flow hedging relationships	2025	2024
Interest rate contracts:
Pay fixed/receive floating swaps on cash flow hedges of borrowings	$(18,040)	$(67,102)
Total pre-tax gain/(loss) recognized in AOCI	$(18,040)	$(67,102)

The following table presents the impact of derivative instruments (client swap program) that are not designated in accounting

hedges under ASC 815 for the periods presented.

(In thousands)		Twelve Months Ended September 30,
Derivative instruments	Classification of gain/(loss) recognized in income on derivative instrument	2025	2024
Interest rate contracts:
Pay fixed/receive floating swap	Other noninterest income	$(2,836)	$(45,960)
Receive fixed/pay floating swap	Other noninterest income	2,995	46,201
		$159	$241

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The following table presents the gains/(losses) on derivative instruments in fair value and cash flow accounting hedging

relationships under ASC 815 for the period presented.

	Twelve Months Ended September 30, 2025			Twelve Months Ended September 30, 2024
	Interest income on loans receivable	Interest on mortgage- backed securities	Interest expense on FHLB advances	Interest income on loans receivable	Interest on mortgage- backed securities	Interest expense on FHLB advances
	(In thousands)			(In thousands)
Interest income/(expense), including the effects of fair value and cash flow hedges	$1,119,937	$103,071	$(80,507)	$1,165,849	$59,782	$(178,444)
Gain/(loss) on fair value hedging relationships:
Interest rate contracts
Amounts related to interest settlements on derivatives	$20,641	$962		$39,223	$—
Recognized on derivatives	2,222	(15,086)		(67,785)	—
Recognized on hedged items	(9,194)	15,452		67,639	—
Net income/(expense) recognized on fair value hedges	$13,669	$1,328		$39,077	$—
Gain/(loss) on cash flow hedging relationships:
Interest rate contracts
Amounts related to interest settlements on derivatives			$35,474			$46,645
Amount of derivative gain/(loss) reclassified from AOCI into interest income/expense			—			—
Net income/(expense) recognized on cash flow hedges			$35,474			$46,645

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