v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 490,372 $ 432,908 $ 450,008
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 80,623 29,019 27,086
Other accretion and amortization (90,878) (108,076) (58,275)
Stock-based compensation expense 44,255 41,971 35,194
Trading activity (12) (296) 405
Provision for credit losses 101,105 55,745 32,500
Deferred income taxes 93,209 (27,956) 33,134
Origination of loans held for sale (240,355) (199,845) (197,305)
Unrealized and realized gains on loans held for sale and held for investment at fair value (5,206) (9,596) (8,639)
Proceeds from sale of loans held for sale 223,115 195,202 209,503
Change in the fair value of servicing rights 3,116 2,605 (2,326)
Gain on FDIC Loan Purchase 0 0 (92,397)
Gain on repurchase of subordinated notes 0 (729) (973)
Net change in assets and liabilities which provide (use) cash:      
Securities borrowed (24,066) (72,184) 67,127
Customer, broker-dealer and clearing receivables (95,224) (12,692) 134,046
Other assets (203,988) 18,506 (114,040)
Securities loaned 55,303 65,249 (85,655)
Customer, broker-dealer and clearing payables 15,186 49,479 (144,350)
Accounts payable and other liabilities 111,042 31,021 20,434
Net cash provided by (used in) operating activities 557,597 490,331 305,477
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of available-for-sale securities (768,755) (22,382) (9,612)
Proceeds from sale and repayment of available-for-sale securities 17,291 100,316 106,249
Purchase of stock of regulatory agencies (111,797) (12,449) 0
Proceeds from redemption of stock of regulatory agencies 111,715 0 0
Net change in loans held for investment at amortized cost and at fair value (3,711,249) (2,175,449) (2,683,460)
Proceeds from sale of loans originally classified as held for investment 180,514 440,115 39,159
Proceeds from sale of other real estate owned and repossessed assets 6,631 2,210 4,757
Purchase of BOLI policies 0 (100,000) 0
Acquisition of business, net of cash acquired (474,448) 0 0
Purchases of premises, furniture, equipment, software and intangibles (266,449) (54,213) (35,961)
Purchases of other investments (19,398) (19,296) (12,401)
Distributions received from other investments 75 81 1,989
Net cash provided by (used in) investing activities (5,035,870) (1,841,067) (2,589,280)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 3,735,849 1,470,326 2,236,109
Repayments of the Federal Home Loan Bank term advances 0 (30,000) 0
Net (repayment) proceeds of Federal Home Loan Bank other advances 94,000 0 0
Net (repayment) proceeds of other borrowings 0 0 (27,200)
Redemption of subordinated notes (160,500) 0 0
Payments related to settlement of restricted stock units (30,246) (27,640) (16,192)
Purchase of treasury stock (21,980) (58,203) (96,286)
Repayment of secured financings (197,141) 0 0
Repurchase of subordinated notes 0 (13,169) (8,938)
Payment of debt issuance costs (2,861) 0 0
Proceeds from issuance of subordinated notes 200,000 0 0
Repayment of subordinated loans (7,400) 0 0
Net cash provided by (used in) financing activities 3,609,721 1,341,314 2,087,493
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (868,552) (9,422) (196,310)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year 2,176,354 2,185,776 2,382,086
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of year 1,307,802 2,176,354 2,185,776
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest paid on interest-bearing liabilities 705,171 687,244 698,956
Transfers to other real estate and repossessed vehicles from loans held for investment 3,848 8,778 4,472
Transfers from loans held for investment to loans held for sale 178,610 432,835 39,159
Transfers from loans held for sale to loans held for investment 7,093 12,530 2,783
Operating lease liabilities from obtaining right of use assets 8,525 4,491 6,330
Non-cash LIHTC investments 25,000 25,060 37,495
Non-cash Contingent Consideration $ 30,810 $ 0 $ 0