SEGMENT REPORTING (Tables)

6 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

The following tables summarize the Company's Statement of Operations by its reportable segments for the periods presented. There are no revenues from transactions between the segments and intercompany balances have been eliminated in disclosures.

	Three months ended September 30, 2024
STATEMENT OF OPERATIONS	Brokerage		Banking		Insurance		Other		Total
Fee and commission income	$	108,640	$	2,198	$	32	$	10,181	$	121,051
Net gain on trading securities	10,095		52,850		3,595		1,777		68,317
Interest income	52,848		141,986		14,265		1,225		210,324
Insurance underwriting income	—		—		160,344		—		160,344
Net gain/(loss) on foreign exchange operations	2,386		(1,566)		275		5,384		6,479
Net gain on derivative	455		5,853		—		—		6,308
Other income/(expense), net	373		188		(336)		7,852		8,077
TOTAL REVENUE, NET	174,797		201,509		178,175		26,419		580,900
Fee and commission expense	7,964		3,325		74,161		5,387		90,837
Interest expense	18,672		96,454		1,950		7,589		124,665
Insurance claims incurred, net of reinsurance	—		—		66,684		—		66,684
Payroll and bonuses	15,915		23,724		7,755		18,816		66,210
Professional services	1,867		68		430		5,880		8,245
Stock compensation expense	6,282		2,175		1,929		1,670		12,056
Advertising expense	14,702		829		114		4,404		20,049
General and administrative expense	8,695		12,479		7,581		24,485		53,240
Provision for allowance/(recovery of) expected credit losses	422		10,142		72		(209)		10,427
TOTAL EXPENSE	74,519		149,196		160,676		68,022		452,413
INCOME BEFORE INCOME TAX	$	100,278	$	52,313	$	17,499	$	(41,603)	$	128,487
Income tax (expense)/benefit	(14,631)		(6,643)		(2,709)		9,984		(13,999)
NET INCOME	$	85,647	$	45,670	$	14,790	$	(31,619)	$	114,488

	Six months ended September 30, 2024
STATEMENT OF OPERATIONS	Brokerage		Banking		Insurance		Other		Total
Fee and commission income	$	206,583	$	4,994	$	147	$	24,816	$	236,540
Net gain/(loss) on trading securities	10,969		2,843		3,734		(1,331)		16,215
Interest income	115,637		288,049		29,964		2,678		436,328
Insurance underwriting income	—		—		289,752		—		289,752
Net gain/(loss) on foreign exchange operations	12,343		(21,261)		1,395		22,091		14,568
Net gain on derivative	1,331		17,471		—		—		18,802
Other income, net	2,850		615		446		15,499		19,410
TOTAL REVENUE, NET	349,713		292,711		325,438		63,753		1,031,615
Fee and commission expense	13,641		5,851		139,048		12,444		170,984
Interest expense	53,293		196,341		5,833		14,916		270,383
Insurance claims incurred, net of reinsurance	—		—		113,993		—		113,993
Payroll and bonuses	41,166		29,841		14,616		38,111		123,734
Professional services	4,256		164		707		10,386		15,513
Stock compensation expense	11,597		4,131		2,804		4,139		22,671
Advertising expense	26,646		1,893		464		8,247		37,250
General and administrative expense	18,908		24,864		12,799		41,774		98,345
Provision for allowance/(recovery of) expected credit losses	93		9,021		397		(854)		8,657
TOTAL EXPENSE	169,600		272,106		290,661		129,163		861,530
INCOME BEFORE INCOME TAX	$	180,113	$	20,605	$	34,777	$	(65,410)	$	170,085
Income tax (expense)/benefit	(24,835)		(3,418)		(6,184)		13,099		(21,338)
NET INCOME	$	155,278	$	17,187	$	28,593	$	(52,311)	$	148,747

	Three months ended September 30, 2023
STATEMENTS OF OPERATIONS	Brokerage		Banking		Insurance		Other		Total
Fee and commission income	$	87,674	$	9,526	$	2	$	14,501	$	111,703
Net gain/(loss) on trading securities	17,110		30,470		3,713		(522)		50,771
Interest income	59,906		133,300		18,691		1,166		213,063
Insurance underwriting income	—		—		57,976		—		57,976
Net gain/(loss) on foreign exchange operations	5,009		(7,390)		(239)		(1,076)		(3,696)
Net gain on derivative	302		679		—		397		1,378
Other income, net	1,248		164		452		2,522		4,386
TOTAL REVENUE, NET	171,249		166,749		80,595		16,988		435,581
Fee and commission expense	6,442		5,138		18,430		1,604		31,614
Interest expense	28,315		99,711		10,042		1,313		139,381
Insurance claims incurred, net of reinsurance	—		—		33,988		—		33,988
Payroll and bonuses	13,691		13,003		3,569		9,735		39,998
Professional services	1,625		210		48		10,068		11,951
Stock compensation expense	659		52		31		289		1,031
Advertising expense	6,068		720		236		1,615		8,639
General and administrative expense	13,269		6,775		1,323		8,263		29,630
(Recovery of)/provision for allowance for expected credit losses	(872)		5,469		90		(25)		4,662
TOTAL EXPENSE	69,197		131,078		67,757		32,862		300,894
INCOME BEFORE INCOME TAX	$	102,052	$	35,671	$	12,838	$	(15,874)	$	134,687
Income tax expense	(7,792)		—		(7)		(11,409)		(19,208)
NET INCOME	$	94,260	$	35,671	$	12,831	$	(27,283)	$	115,479

	Six months ended September 30, 2023
STATEMENTS OF OPERATIONS	Brokerage		Banking		Insurance		Other		Total
Fee and commission income	$	151,646	$	22,692	$	44	$	36,024	$	210,406
Net gain/(loss) on trading securities	26,277		44,990		12,817		(1,497)		82,587
Interest income	92,115		232,394		34,699		3,204		362,412
Insurance underwriting income	—		—		102,865		—		102,865
Net gain/(loss) on foreign exchange operations	5,120		12,450		(668)		(1,297)		15,605
Net gain/(loss) on derivative	297		(30,095)		—		571		(29,227)
Other income/(expense), net	1,864		(28)		1,215		4,092		7,143
TOTAL REVENUE, NET	277,319		282,403		150,972		41,097		751,791
Fee and commission expense	12,300		9,121		35,854		3,023		60,298
Interest expense	49,553		162,410		18,461		4,003		234,427
Insurance claims incurred, net of reinsurance	—		—		55,502		—		55,502
Payroll and bonuses	26,190		22,515		6,895		16,028		71,628
Professional services	3,952		290		174		14,160		18,576
Stock compensation expense	1,448		114		68		634		2,264
Advertising expense	10,856		2,756		381		2,746		16,739
General and administrative expense	21,726		13,173		2,572		16,634		54,105
(Recovery of)/provision for allowance for expected credit losses	(632)		16,753		1,312		1,555		18,988
TOTAL EXPENSE	125,393		227,132		121,219		58,783		532,527
INCOME BEFORE INCOME TAX	$	151,926	$	55,271	$	29,753	$	(17,686)	$	219,264
Income tax (expense)/benefit	(10,471)		—		30		(25,423)		(35,864)
NET INCOME	$	141,455	$	55,271	$	29,783	$	(43,109)	$	183,400

The following tables summarize the Company's total assets and total liabilities by its business segments as of the dates presented. Intercompany balances have been eliminated for separate disclosure.

	September 30, 2024
	Brokerage		Banking		Insurance		Other		Total
Total assets	$	2,934,402	$	4,961,573	$	564,499	$	355,781	$	8,816,255
Total liabilities	2,248,040		4,519,951		405,239		379,789		7,553,019
Net assets	$	686,362	$	441,622	$	159,260	$	(24,008)	$	1,263,236

	March 31, 2024
	Brokerage		Banking		Insurance		Other		Total
Total assets	$	2,586,803	$	4,939,626	$	529,517	$	245,984	$	8,301,930
Total liabilities	1,973,887		4,389,745		402,865		368,475		7,134,972
Net assets	$	612,916	$	549,881	$	126,652	$	(122,491)	$	1,166,958