| NET INTEREST INCOME/EXPENSE |
NET INTEREST INCOME/EXPENSE Net interest income/expense includes: | | | | | | | | | | | | | | | | | | | Year ended March 31, 2026 | | Year ended March 31, 2025 | | Year ended March 31, 2024 | | Interest income: | | | | | | | Interest income on loans to customers | $ | 283,657 | | | $ | 207,802 | | | $ | 176,539 | | | Interest income on margin loans to customers | 277,633 | | | 212,360 | | | 175,571 | | | Interest income on trading securities | 191,021 | | | 378,350 | | | 426,428 | | Interest income on available-for-sale securities | 58,276 | | | 40,297 | | | 32,821 | | Interest income on held-to-maturity securities | 49,670 | | | 1,000 | | | — | | | Interest income on reverse repurchase agreements and amounts due from banks | 21,208 | | | 24,644 | | | 16,865 | | Other interest income | 1,013 | | | — | | | — | | | Total interest income | $ | 882,478 | | | $ | 864,453 | | | $ | 828,224 | | | | | | | | | Interest expense: | | | | | | | Interest expense on customer accounts and deposits | $ | 204,578 | | | $ | 111,541 | | | $ | 70,778 | | | Interest expense on securities repurchase agreement obligations | 162,760 | | | 340,863 | | | 402,665 | | | Interest expense on debt securities issued | 81,757 | | | 36,130 | | | 10,356 | | | Interest expense on margin lending payable | 31,687 | | | 45,748 | | | 16,990 | | | Interest expense on loans received | 2,950 | | | 1,568 | | | 124 | | | Other interest expense | 5,304 | | | 45 | | | 198 | | | Total interest expense | $ | 489,036 | | | $ | 535,895 | | | $ | 501,111 | | | | | | | | | Net interest income | $ | 393,442 | | | $ | 328,558 | | | $ | 327,113 | |
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