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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 234,416 $ 139,959
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,365 12,051
Other accretion and amortization (12,006) 529
Stock-based compensation expense 13,393 11,569
Trading activity 429 1,386
Provision (benefit) for credit losses - loans 20,500 11,751
Deferred income taxes 21,032 7,592
Origination of loans held for sale (96,910) (113,300)
Unrealized and realized gains on loans held for sale (3,854) (4,115)
Proceeds from sale of loans held for sale 107,846 117,252
Changes in servicing rights (1,955) 93
Gain on FDIC Loan Purchase (92,397) 0
Net change in assets and liabilities which provide (use) cash:    
Securities borrowed (10,837) 280,134
Customer, broker-dealer and clearing receivables 108,217 144,838
Other Assets (72,132) (19,062)
Securities loaned (4,340) (318,392)
Customer, broker-dealer and clearing payables (76,592) (90,707)
Accounts payable and other liabilities (81) (4,502)
Net cash provided by operating activities 147,094 177,076
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (9,612) 0
Proceeds from sale and repayment of available-for-sale securities 5,952 9,111
Purchase of stock of regulatory agencies 0 (74,972)
Proceeds from redemption of stock of regulatory agencies 0 74,972
Origination of loans held for investment (5,299,304) (4,499,800)
Proceeds from sale of loans originally classified as held for investment 0 13,965
Mortgage warehouse loan activity, net 150,941 136,545
Proceeds from sale of other real estate owned and repossessed assets 3,420 1,229
Acquisition of business activity, net of cash acquired 0 (5,531)
Purchase of loans and leases, net of discounts and premiums (841,408) (127)
Principal repayments on loans 4,270,813 2,947,186
Purchases of furniture, equipment, software and intangibles (17,031) (13,982)
Net cash used in investing activities (1,736,229) (1,411,404)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 1,080,804 1,744,072
Repayments of the Federal Home Loan Bank term advances 0 (17,500)
Net (repayment) proceeds of other borrowings (21,200) (111,500)
Tax payments related to settlement of restricted stock units (6,249) (2,930)
Purchase of treasury stock (82,583) 0
Net cash provided by financing activities 970,772 1,612,142
NET CHANGE IN CASH AND CASH EQUIVALENTS (618,363) 377,814
CASH AND CASH EQUIVALENTS—Beginning of year 2,382,086 1,574,699
CASH AND CASH EQUIVALENTS—End of period 1,763,723 1,952,513
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid on interest-bearing liabilities 323,042 121,878
Income taxes paid 84,436 73,129
Transfers to other real estate and repossessed vehicles from loans held for investment 3,301 7,228
Transfers from loans held for sale to loans and leases held for investment 2,783 690
Operating lease liabilities from obtaining right of use assets $ 5,767 $ 0