| NET INTEREST INCOME/EXPENSE |
NET INTEREST INCOME/EXPENSE Net interest income/expense for the three months ended June 30, 2026 and June 30, 2025 includes: | | | | | | | | | | | | | Three months ended June 30, 2026 | | Three months ended June 30, 2025 | | Interest income: | | | | | Interest income on margin loans to customers | $ | 108,190 | | | $ | 60,289 | | | Interest income on loans to customers | 81,481 | | | 61,694 | | | Interest income on trading securities | 59,810 | | | 52,576 | | | Interest income on securities available-for-sale | 20,034 | | | 13,383 | | | Interest income on held-to-maturity securities | 17,080 | | | 5,173 | | | Interest income on reverse repurchase agreements and amounts due from banks | 7,585 | | | 5,456 | | | Other interest income | 926 | | | — | | | Total interest income | $ | 295,106 | | | $ | 198,571 | | | | | | | Interest expense: | | | | | Interest expense on customer accounts and deposits | $ | 86,917 | | | $ | 39,332 | | | Interest expense on securities repurchase agreement obligations | 48,176 | | | 45,461 | | | Interest expense on debt securities issued | 33,234 | | | 13,751 | | | Interest expense on margin lending payable | 6,889 | | | 13,374 | | | Interest expense on loans received | 2,061 | | | 510 | | | Other interest expense | 286 | | | 982 | | | Total interest expense | $ | 177,563 | | | $ | 113,410 | | | | | | | Net interest income | $ | 117,543 | | | $ | 85,161 | |
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