XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income before noncontrolling interest $ 31,626 $ 27,914
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,918 14,689
Provision for credit loss 12,032 9,890
Provision for deferred taxes 2,157 1,162
Originations of loans held for sale (853,109) (631,905)
Proceeds from sales of loans held for sale 618,432 626,336
Net change in loans held for sale 264,136 13,829
Net realized (gain) loss on loans held for sale (4,378) 31
Net realized loss on securities available for sale 15,671 0
Net realized (gain) on divestitures (16,404) 0
Net realized (gain) on other (987) (2,871)
Net change in accrued interest receivable (3,894) (3,798)
Net change in other assets (30,339) (14,344)
Net change in accrued expenses and other liabilities (128,088) (19,723)
Stock compensation 1,612 1,234
Net cash provided by (used in) operating activities (76,615) 22,444
Cash flows from investing activities:    
Purchases of securities available for sale (1,168) 0
Proceeds from sales of securities available for sale 160,135 0
Proceeds from maturities of and principal collected on securities available for sale 39,727 41,936
Proceeds from maturities of and principal collected on securities held to maturity 1,038 1,093
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (90,725) (91,130)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 102,285 95,647
Purchases of loans and leases (139,359) (89,390)
Net change in loans and leases (325,766) 98,895
Purchases of premises, furniture, and equipment (2,087) (1,885)
Purchases of rental equipment (52,790) (106,160)
Proceeds from sales of rental equipment 5,591 3,373
Net change in rental equipment 118 (79)
Proceeds from divestitures, net of transaction costs 600,232 0
Proceeds from sale of other assets 408 4,077
Net cash provided by (used in) investing activities 297,639 (43,623)
Cash flows from financing activities:    
Net change in deposits 655,942 346,873
Net change in short-term borrowings (377,000) (13,000)
Principal payments on other liabilities 0 (284)
Dividends paid on common stock (1,202) (1,299)
Issuance of common stock due to restricted stock 0 1
Repurchases of common stock (57,010) (15,918)
Investment by (distributions to) noncontrolling interest (678) 238
Net cash provided by financing activities 220,052 316,611
Effect of exchange rate changes on cash (2,017) 618
Net change in cash and cash equivalents 439,059 296,050
Cash and cash equivalents at beginning of fiscal year 158,337 375,580
Cash and cash equivalents at end of fiscal period 597,396 671,630
Supplemental disclosure of cash flow information:    
Interest 2,906 4,168
Income taxes 1,407 641
Franchise and other taxes 76 66
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 2,500 0
Loans and leases to rental equipment 1,604 1,430
Rental equipment to loan and leases 36,263 76,941
Recognition of operating lease ROU assets, net of measurements 0 654
Joint venture membership interest divestiture $ 0 $ 523