Interest Income and Interest Expense (Tables)

12 Months Ended

May 31, 2026

Banking and Thrift, Interest [Abstract]

Schedule of Interest Income and Expense

The following table displays the components of interest income, by interest-earning asset type, and interest expense, by debt product type, presented in our consolidated statements of operations.

Table 2.1: Interest Income and Interest Expense

	Year Ended May 31,
(Dollars in thousands)	2026		2025		2024
Interest income:
Loans(1)	$	1,790,735	$	1,691,343	$	1,566,449
Cash, time deposits and investment securities	5,925		11,890		26,902
Total interest income	1,796,660		1,703,233		1,593,351
Interest expense:(2)(3)
Short-term borrowings	189,657		189,429		250,316
Long-term debt	1,173,995		1,113,480		952,659
Subordinated debt	131,242		139,370		136,113
Total interest expense	1,494,894		1,442,279		1,339,088
Net interest income	$	301,766	$	260,954	$	254,263

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(1)Includes loan conversion fees, which are generally deferred and recognized in interest income over the period to maturity using the effective interest method, late payment fees, commitment fees and net amortization of deferred loan fees and loan origination costs.

(2)Includes amortization of debt discounts and premiums, and debt issuance costs, which are generally deferred and recognized as interest expense over the period to maturity using the effective interest method. Issuance costs related to dealer commercial paper, however, are recognized in interest expense immediately as incurred.

(3)Includes fees related to funding arrangements, such as up-front fees paid to banks participating in our committed bank revolving line of credit agreements. Based on the nature of the fees, the amount is either recognized immediately as incurred or deferred and recognized in interest expense ratably over the term of the arrangement.