LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Sep. 30, 2026

Schedule of Composition of the Loan Portfolio

The following table sets forth the composition of the loan portfolio:


(Dollars in thousands)	September 30, 2026		June 30, 2026
Single Family - Mortgage & Warehouse	$	4,446,687	$	4,581,772
Multifamily and Commercial Mortgage	2,373,026		2,484,290
Commercial Real Estate	9,657,946		8,867,851
Commercial & Industrial - Non-RE	9,160,723		9,495,647
Auto & Consumer	720,079		666,477

Total gross loans	26,358,461		26,096,037
Allowance for credit losses - loans	(304,361)		(347,375)
Unaccreted premiums (discounts) and loan fees	(142,076)		(153,259)
Total net loans	$	25,912,024	$	25,595,403

Schedule of Real Estate Loans, Loan-to-Value Ratio

The following table presents loan-to-value (“LTV”) for the Company’s real estate loans outstanding as of September 30, 2026:


	Total Real Estate Loans		Single Family - Mortgage & Warehouse		Multifamily and Commercial Mortgage		Commercial Real Estate
Weighted-Average LTV	50	%	55	%	50	%	48	%
Median LTV	50	%	52	%	44	%	46	%

Schedule of Allowance for Credit Losses on Financing Receivables

The following table presents the components of the provision for credit losses:


	For the Three Months Ended September 30,
(Dollars in thousands)	2026		2025
Provision for credit losses - loans	$	27,687	$	15,255
Provision for credit losses - unfunded lending commitments	(3,187)		2,000
Total provision for credit losses	$	24,500	$	17,255

The following tables summarize activity in the allowance for credit losses - loans by portfolio segment:



	For the Three Months Ended September 30, 2026
(Dollars in thousands)	Single Family-Mortgage & Warehouse		Multifamily and Commercial Mortgage		Commercial Real Estate		Commercial & Industrial - Non-RE		Auto & Consumer		Total
Balance at July 1, 2026	$	7,356	$	21,104	$	121,552	$	177,084	$	20,279	$	347,375

Provision (benefit) for credit losses - loans	920		(769)		(3,861)		28,031		3,366		27,687
Charge-offs	(1,390)		—		—		(70,290)		(2,226)		(73,906)
Recoveries	19		103		—		2,259		824		3,205
Balance at September 30, 2026	$	6,905	$	20,438	$	117,691	$	137,084	$	22,243	$	304,361



	For the Three Months Ended September 30, 2025
(Dollars in thousands)	Single Family-Mortgage & Warehouse		Multifamily and Commercial Mortgage		Commercial Real Estate		Commercial & Industrial - Non-RE		Auto & Consumer		Total
Balance at July 1, 2025	$	12,109	$	26,238	$	113,804	$	121,641	$	16,257	$	290,049
Allowance for credit losses at acquisition of PCD loans	—		—		—		7,795		—		7,795
Provision (benefit) for credit losses - loans	(1,571)		(1,037)		6,549		8,856		2,458		15,255
Charge-offs	(395)		(3,918)		(4)		(255)		(1,786)		(6,358)
Recoveries	28		—		—		—		662		690
Balance at September 30, 2025	$	10,171	$	21,283	$	120,349	$	138,037	$	17,591	$	307,431

The following tables present a summary of the activity in the allowance for credit losses for off-balance sheet lending commitments:


	Three Months Ended September 30,
(Dollars in thousands)	2026		2025
Balance at July 1,	$	19,277	$	10,891
Provision (benefit) for credit losses - unfunded lending commitments	(3,187)		2,000
Balance at September 30,	$	16,090	$	12,891

Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual

The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment:


	September 30, 2026
(Dollars in thousands)	Single Family-Mortgage & Warehouse		Multifamily and Commercial Mortgage		Commercial Real Estate		Commercial & Industrial - Non-RE		Auto & Consumer		Total
Performing	$	4,386,849	$	2,366,745	$	9,642,038	$	9,088,766	$	718,611	$	26,203,009
Nonaccrual	59,838		6,281		15,908		71,957		1,468		155,452
Total	$	4,446,687	$	2,373,026	$	9,657,946	$	9,160,723	$	720,079	$	26,358,461
Nonaccrual loans to total loans											0.59		%


	June 30, 2026
(Dollars in thousands)	Single Family-Mortgage & Warehouse		Multifamily and Commercial Mortgage		Commercial Real Estate		Commercial & Industrial - Non-RE		Auto & Consumer		Total
Performing	$	4,523,065	$	2,479,258	$	8,853,128	$	9,418,504	$	664,952	$	25,938,907
Nonaccrual	58,707		5,032		14,723		77,143		1,525		157,130
Total	$	4,581,772	$	2,484,290	$	8,867,851	$	9,495,647	$	666,477	$	26,096,037
Nonaccrual loans to total loans											0.60		%

Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators

The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of year-to-date gross charge-offs.


	September 30, 2026
	Loans Held for Investment by Fiscal Year of Origination												Revolving Loans		Total
(Dollars in thousands)	2027		2026		2025		2024		2023		Prior
Single Family-Mortgage & Warehouse
Pass	$	257,341	$	863,818	$	388,085	$	139,748	$	349,889	$	1,635,542	$	668,280	$	4,302,703
Special Mention	—		—		—		—		1,585		29,001		34,560		65,146
Substandard	—		—		17,035		—		537		61,266		—		78,838
Doubtful	—		—		—		—		—		—		—		—
Total	257,341		863,818		405,120		139,748		352,011		1,725,809		702,840		4,446,687
Year-to-date gross charge-offs	—		—		1,296		94		—		—		—		1,390
Multifamily and Commercial Mortgage
Pass	71,143		221,498		74,699		17,633		422,919		1,533,495				2,341,387
Special Mention	—		—		—		—		—		6,899		—		6,899
Substandard	—		—		—		—		—		24,740		—		24,740
Doubtful	—		—		—		—		—		—		—		—
Total	71,143		221,498		74,699		17,633		422,919		1,565,134		—		2,373,026
Year-to-date gross charge-offs	—		—		—		—		—		—		—		—
Commercial Real Estate
Pass	401,506		3,355,479		2,852,094		872,186		618,687		41,170		1,459,184		9,600,306
Special Mention	—		—		—		—		—		27,128		—		27,128
Substandard	—		—		—		—		1,185		14,722		14,605		30,512
Doubtful	—		—		—		—		—		—		—		—
Total	401,506		3,355,479		2,852,094		872,186		619,872		83,020		1,473,789		9,657,946
Year-to-date gross charge-offs	—		—		—		—		—		—		—		—
Commercial & Industrial - Non-RE
Pass	556,466		2,195,292		1,022,565		771,179		160,999		190,987		3,963,300		8,860,788
Special Mention	753		33,529		23,720		21,078		2,107		14,508		19,868		115,563
Substandard	861		15,045		7,505		44,849		5,229		55,662		54,831		183,982
Doubtful	—		158		—		—		—		232		—		390
Total	558,080		2,244,024		1,053,790		837,106		168,335		261,389		4,037,999		9,160,723
Year-to-date gross charge-offs	78		1,656		1,367		66,200		571		418		—		70,290
Auto & Consumer
Pass	113,867		336,000		141,196		29,401		36,035		61,044		—		717,543
Special Mention	—		329		353		37		175		153		—		1,047
Substandard	—		353		412		27		227		470		—		1,489
Doubtful	—		—		—		—		—		—		—		—
Total	113,867		336,682		141,961		29,465		36,437		61,667		—		720,079
Year-to-date gross charge-offs	—		983		635		133		7		468		—		2,226
Total
Pass	1,400,323		6,972,087		4,478,639		1,830,147		1,588,529		3,462,238		6,090,764		25,822,727
Special Mention	753		33,858		24,073		21,115		3,867		77,689		54,428		215,783
Substandard	861		15,398		24,952		44,876		7,178		156,860		69,436		319,561
Doubtful	—		158		—		—		—		232		—		390
Total	$	1,401,937	$	7,021,501	$	4,527,664	$	1,896,138	$	1,599,574	$	3,697,019	$	6,214,628	$	26,358,461
As a % of total gross loans	5.3%		26.6%		17.2%		7.2%		6.1%		14.0%		23.6%		100%
Year-to-date gross charge-offs	$	78	$	2,639	$	3,298	$	66,427	$	578	$	886	$	—	$	73,906


	June 30, 2026
	Loans Held for Investment by Fiscal Year of Origination												Revolving Loans		Total
(Dollars in thousands)	2026		2025		2024		2023		2022		Prior
Single Family-Mortgage & Warehouse
Pass	$	968,427	$	419,519	$	164,739	$	360,370	$	912,712	$	834,773	$	791,650	$	4,452,190
Special Mention	—		2,130		—		2,475		19,317		27,748		1,132		52,802
Substandard	—		18,331		1,015		539		19,797		37,098		—		76,780
Doubtful	—		—		—		—		—		—		—		—
Total	968,427		439,980		165,754		363,384		951,826		899,619		792,782		4,581,772
Year-to-date gross charge-offs	—		—		65		—		48		391		—		504
Multifamily and Commercial Mortgage
Pass	219,953		74,875		17,667		514,228		728,167		890,900				2,445,790
Special Mention	3,708		—		—		2,201		9,033		—		—		14,942
Substandard	—		—		—		2,256		18,428		2,874		—		23,558
Doubtful	—		—		—		—		—		—		—		—
Total	223,661		74,875		17,667		518,685		755,628		893,774		—		2,484,290
Year-to-date gross charge-offs	—		—		—		423		—		4,902		—		5,325
Commercial Real Estate
Pass	3,236,196		2,751,766		906,348		610,616		11,170		28,958		1,261,496		8,806,550
Special Mention	—		—		—		—		27,128		—		—		27,128
Substandard	3,660		—		—		1,185		—		14,723		14,605		34,173
Doubtful	—		—		—		—		—		—		—		—
Total	3,239,856		2,751,766		906,348		611,801		38,298		43,681		1,276,101		8,867,851
Year-to-date gross charge-offs	—		—		—		—		—		4		—		4
Commercial & Industrial - Non-RE
Pass	2,614,903		1,171,686		804,879		190,672		139,711		48,857		4,171,779		9,142,487
Special Mention	11,324		22,611		27,564		2,273		614		14,106		8,616		87,108
Substandard	9,044		12,485		134,367		12,537		74,218		756		22,051		265,458
Doubtful	532		—		—		—		—		62		—		594
Total	2,635,803		1,206,782		966,810		205,482		214,543		63,781		4,202,446		9,495,647
Year-to-date gross charge-offs	1,680		3,346		2,997		796		24,795		990		—		34,604
Auto & Consumer
Pass	360,417		154,924		32,374		42,577		59,571		14,465		—		664,328
Special Mention	110		170		18		78		199		20		—		595
Substandard	538		406		27		98		349		136		—		1,554
Doubtful	—		—		—		—		—		—		—		—
Total	361,065		155,500		32,419		42,753		60,119		14,621		—		666,477
Year-to-date gross charge-offs	1,096		3,200		421		1,600		1,342		1,057		—		8,716
Total
Pass	7,399,896		4,572,770		1,926,007		1,718,463		1,851,331		1,817,953		6,224,925		25,511,345
Special Mention	15,142		24,911		27,582		7,027		56,291		41,874		9,748		182,575
Substandard	13,242		31,222		135,409		16,615		112,792		55,587		36,656		401,523
Doubtful	532		—		—		—		—		62		—		594
Total	$	7,428,812	$	4,628,903	$	2,088,998	$	1,742,105	$	2,020,414	$	1,915,476	$	6,271,329	$	26,096,037
As a % of total gross loans	28.5%		17.7%		8.0%		6.7%		7.7%		7.3%		24.0%		100%
Total year-to-date gross charge-offs	$	2,776	$	6,546	$	3,483	$	2,819	$	26,185	$	7,344	$	—	$	49,153

Schedule of Aging of Loans by Portfolio Segment

The following tables provide the aging of loans by portfolio segment:


	September 30, 2026
(Dollars in thousands)	Current			30-59 Days			60-89 Days			90+ Days			Total
Single Family-Mortgage & Warehouse	$	4,354,919		$	19,117		$	17,793		$	54,858		$	4,446,687
Multifamily and Commercial Mortgage	2,368,423			—			2,305			2,298			2,373,026
Commercial Real Estate	9,642,038			—			1,185			14,723			9,657,946
Commercial & Industrial - Non-RE	9,076,122			18,460			5,646			60,495			9,160,723
Auto & Consumer	715,269			2,884			1,159			767			720,079


Total	$	26,156,771		$	40,461		$	28,088		$	133,141		$	26,358,461
As a % of total gross loans	99.23		%	0.15		%	0.11		%	0.51		%	100		%


	June 30, 2026
(Dollars in thousands)	Current			30-59 Days			60-89 Days			90+ Days			Total
Single Family-Mortgage & Warehouse	$	4,517,180		$	4,142		$	2,755		$	57,695		$	4,581,772
Multifamily and Commercial Mortgage	2,476,985			3,407			—			3,898			2,484,290
Commercial Real Estate	8,853,128			—			—			14,723			8,867,851
Commercial & Industrial - Non-RE	9,347,305			30,302			35,723			82,317			9,495,647
Auto & Consumer	660,928			4,023			667			859			666,477

Total	$	25,855,526		$	41,874		$	39,145		$	159,492		$	26,096,037
As a % of total gross loans	99.08		%	0.16		%	0.15		%	0.61		%	100		%

Schedule of Sales-type Lease, Lease Income

The following table presents the aggregate interest income earned under direct financing and sales-type leases for the periods presented. For additional information on these leases, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2026 Form 10-K.


	For the Three Months Ended September 30,
(Dollars in thousands)	2026		2025
Lease interest income	$	36,457	$	6,156