v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 195,874 $ 165,471
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, accretion and other, net 13,066 10,963
Stock-based compensation expense 7,863 6,491
Provision (release) for credit losses 18,500 4,750
Loss (gain) on sale of investment securities (112) (20)
Net realized (gain) loss on sales of premises, equipment, and real estate owned (7,529) (602)
Impairment loss on premises and equipment 0 38
Decrease (increase) in accrued interest receivable (531) 3,603
Decrease (increase) in federal and state income tax receivable 4,906 3,567
Decrease (increase) in cash surrender value of bank owned life insurance (5,972) (5,588)
Decrease (increase) in other assets 57,047 11,589
Increase (decrease) in federal and state income tax liabilities 158 0
Increase (decrease) in accrued expenses and other liabilities (73,137) (20,690)
Net cash provided by (used in) operating activities 210,133 179,572
CASH FLOWS FROM INVESTING ACTIVITIES    
Origination of loans and principal repayments, net 39,664 778,608
Loans purchased (10,198) (140,336)
FHLB stock purchased (550,697) (355,873)
FHLB stock redeemed 483,373 355,592
Available-for-sale securities purchased (1,161,720) (1,218,796)
Principal payments and maturities of available-for-sale securities 408,047 412,578
Proceeds from sales of available-for-sale securities 77,171 797
Held-to-maturity securities purchased (278,367) (114,182)
Principal payments and maturities of held-to-maturity securities 66,361 38,269
Proceeds from sales of real estate owned 5,605 2,865
Equity method investments purchased (1,000) (3,575)
Net cash received (paid) in business combinations (5,400) (360)
Proceeds from sales of premises and equipment 11,141 1,689
Premises and equipment purchased and REO improvements (28,764) (16,931)
Net cash provided by (used in) investing activities (944,784) (259,655)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in customer accounts (505,561) 12,601
Proceeds from borrowings 12,176,750 7,893,743
Repayments of borrowings (10,681,750) (9,226,844)
Proceeds from stock-based awards 4,214 3,571
Dividends paid on common stock (60,181) (63,785)
Dividends paid on preferred stock (10,968) (10,969)
Proceeds from employee stock purchases 598 658
Treasury stock purchased (145,543) (73,092)
Increase (decrease) in advances payments by borrowers for taxes and insurance (23,751) (27,650)
Net cash provided by (used in) financing activities 753,808 (1,491,767)
Increase (decrease) in cash and cash equivalents 19,157 (1,571,850)
Cash, cash equivalents and restricted cash at beginning of period 657,310 2,381,102
Cash, cash equivalents and restricted cash at end of period 676,467 809,252
Non-cash investing activities    
Real estate acquired through foreclosure 21,152 5,583
Accounts payable related to subsidiary assets and intangibles acquired 2,050 0
Non-cash financing activities    
Preferred stock dividend payable 3,656 3,656
Cash paid (received) during the period for    
Interest 475,898 580,775
Income tax $ 37,702 $ 31,203