Interest Income and Interest Expense (Tables)

3 Months Ended

Mar. 31, 2025

Banking and Thrift, Interest [Abstract]

Components of Interest Income and Interest Expense

The components of interest income and interest expense are as follows (in thousands):

	Three Months Ended March 31,
	2025		2024
Interest income:
Loans held for investment, net	$	304,967	$	306,142
Investment securities		113,527		118,535
Interest-bearing cash and federal funds sold		26,335		54,341
Margin balances		13,871		14,204
Financial instruments owned		6,546		4,860
Other		10,386		8,746
	$	475,632	$	506,828
Interest expense:
Bank deposits	$	193,123	$	230,064
Senior notes		7,131		12,506
Other		13,303		12,085
	$	213,557	$	254,655