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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Commissions $ 193,670 $ 185,476
Principal transactions 141,660 139,014
Investment banking 237,942 213,949
Asset management 409,541 367,476
Interest 475,632 506,828
Other income 10,581 4,950
Total revenues 1,469,026 1,417,693
Interest expense 213,557 254,655
Net revenues [1] 1,255,469 1,163,038
Non-interest expenses:    
Compensation and benefits 732,220 679,695
Occupancy and equipment rental 90,766 88,712
Communications and office supplies 49,513 47,367
Commissions and floor brokerage 16,806 15,767
Provision for credit losses 12,020 5,268
Other operating expenses 290,780 107,538
Total non-interest expenses 1,192,105 944,347
Income from operations before income tax expense 63,364 218,691
Provision for income taxes 10,372 55,116
Net income 52,992 163,575
Preferred dividends 9,320 9,320
Net income available to common shareholders $ 43,672 $ 154,255
Earnings per common share:    
Basic $ 0.42 $ 1.48
Diluted 0.39 1.4
Cash dividends declared per common share $ 0.46 $ 0.42
Weighted-average number of common shares outstanding:    
Basic 104,764 104,275
Diluted 110,635 109,985
[1] No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2025 and 2024.