LEASES

3 Months Ended

Mar. 31, 2025

LEASES

LEASES

8. LEASES

The following table presents the Company’s remaining maturities of undiscounted lease payments, as well as a reconciliation to the discounted operating lease liabilities in the Consolidated Statements of Financial Condition at March 31, 2025:

(In thousands)
2025	$	10,681
2026		14,047
2027		12,206
2028		5,921
2029		3,211
Thereafter		5,772
Total undiscounted lease payments		51,838
Less amounts representing interest		(3,406)
Operating lease liabilities	$	48,432

Other information related to the Company’s operating leases was as follows:

	Three Months Ended March 31,
(In thousands)	2025		2024
Operating lease cost	$	3,632	$	3,291
Cash paid for amounts included in the measurement of operating lease liabilities		3,651		3,276

	As of March 31, 2025		As of December 31, 2024
Weighted average remaining lease term	4.3	years	4.4	years
Weighted average discount rate	2.84	%	2.72	%