XML 28 R9.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:      
Net income before noncontrolling interest $ 169,650,000 $ 165,807,000 $ 159,354,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 57,765,000 64,955,000 61,601,000
Provision for credit loss 42,661,000 57,354,000 28,538,000
Provision for deferred taxes 11,115,000 (175,000) 17,587,000
Originations of loans held for sale (2,034,977,000) (1,208,684,000) (985,330,000)
Proceeds from sales of loans held for sale 2,036,084,000 1,139,881,000 1,059,361,000
Net change in loans held for sale 18,127,000 25,922,000 12,819,000
Fair value adjustment of foreclosed real estate 0 0 301,000
Net realized (gain) on securities available for sale 0 0 (154,000)
Net realized (gain) loss on loans held for sale (5,920,000) (268,000) 3,694,000
Net realized loss on premise, furniture, and equipment 0 65,000 55,000
Net realized (gain) on trademarks 0 (10,000,000) (50,000,000)
Net realized (gain) on other (6,749,000) (1,832,000) (1,956,000)
Change in bank-owned life insurance value (2,751,000) (1,497,000) (2,434,000)
Impairment on rental equipment 2,013,000 24,000 0
Impairment of intangibles 0 0 670,000
Net change in accrued interest receivable (8,103,000) (5,303,000) (1,725,000)
Net change in other assets (11,747,000) 17,134,000 (32,936,000)
Net change in accrued expenses and other liabilities 176,083,000 48,658,000 (10,640,000)
Stock compensation 10,286,000 11,070,000 10,004,000
Net cash provided by operating activities 453,537,000 303,111,000 268,809,000
Cash flows from investing activities:      
Purchases of securities available for sale (3,465,000) (156,885,000) (907,361,000)
Proceeds from sales of securities available for sale 0 0 265,951,000
Proceeds from maturities of and principal collected on securities available for sale 201,730,000 177,296,000 324,234,000
Proceeds from maturities of and principal collected on securities held to maturity 3,317,000 4,835,000 14,281,000
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (406,390,000) (330,144,000) (173,653,000)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 398,587,000 330,746,000 173,240,000
Purchases of loans and leases (298,262,000) (215,266,000) (115,353,000)
Proceeds from sales of loans and leases 0 0 123,241,000
Net change in loans and leases 137,540,000 (307,473,000) 358,635,000
Purchases of premises, furniture, and equipment (10,141,000) (8,623,000) (8,177,000)
Proceeds from sales of premises, furniture, and equipment 0 0 35,000
Purchases of rental equipment (266,613,000) (441,047,000) (424,919,000)
Proceeds from sales of rental equipment 9,006,000 14,998,000 9,372,000
Net change in rental equipment 565,000 (236,000) (5,772,000)
Proceeds from sales of foreclosed real estate and repossessed assets 0 1,000 1,824,000
Proceeds from death benefit of bank-owned life insurance 0 1,040,000 0
Proceeds from sale of trademarks 0 10,000,000 50,000,000
Proceeds from sale of other assets 6,465,000 0 3,550,000
Net cash (used in) investing activities (227,661,000) (920,758,000) (310,872,000)
Cash flows from financing activities:      
Net change in deposits (714,097,000) 723,145,000 351,066,000
Net change in short-term borrowings 364,000,000 13,000,000 0
Redemption of long-term borrowings 0 0 (75,000,000)
Proceeds from long-term borrowings 0 0 20,000,000
Principal payments on capital lease obligations 0 0 (75,000)
Principal payments on other liabilities (621,000) (1,747,000) (2,751,000)
Payment of debt issuance costs 0 (511,000) 0
Dividends paid on common stock (5,067,000) (5,426,000) (5,921,000)
Issuance of common stock due to restricted stock 3,000 1,000 1,000
Issuance of common stock due to ESOP 0 0 2,886,000
Repurchases of common stock (86,853,000) (120,437,000) (168,235,000)
Investment by (distributions to) noncontrolling interest (565,000) (3,167,000) (4,153,000)
Net cash provided by (used in) financing activities (443,200,000) 604,858,000 117,818,000
Effect of exchange rate changes on cash 81,000 331,000 (1,736,000)
Net change in cash and cash equivalents (217,243,000) (12,458,000) 74,019,000
Cash and cash equivalents at beginning of fiscal year 375,580,000 388,038,000 314,019,000
Cash and cash equivalents at end of fiscal period 158,337,000 375,580,000 388,038,000
Supplemental disclosure of cash flow information:      
Interest 20,909,000 10,819,000 5,259,000
Income taxes 19,633,000 14,056,000 13,940,000
Franchise and other taxes 726,000 1,359,000 791,000
Supplemental schedule of non-cash investing activities:      
Held for sale to loans and leases 30,864,000 158,000 115,934,000
Loans and leases to held for sale 594,359,000 13,421,000 169,045,000
Loans and leases to rental equipment 4,847,000 3,122,000 3,893,000
Loans and leases to foreclosed real estate and repossessed assets 0 0 49,000
Rental equipment to loan and leases 225,870,000 377,250,000 400,148,000
Recognition of operating lease ROU assets, net of measurements 654,000 0 117,000
Retirement of treasury stock $ 6,181,000 $ 6,943,000 $ 0