XML 25 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenue:    
Fee and commission income $ 107,642 $ 115,489
Net gain/(loss) on trading securities 45,602 (52,102)
Interest income 198,571 226,004
Insurance premiums earned, net of reinsurance 153,257 129,408
Net (loss)/ gain on foreign exchange operations (12,893) 8,089
Net gain on derivatives 15,459 12,494
Sales of goods and services 17,224 5,220
Other income 8,561 10,397
TOTAL REVENUE, NET 533,423 454,999
Expense:    
Fee and commission expense 84,871 80,147
Interest expense 113,410 145,718
Insurance claims incurred, net of reinsurance 80,285 47,309
Payroll and bonuses 93,101 57,524
Professional services 13,024 7,268
Stock compensation expense 23,054 10,615
Advertising and sponsorship expense 24,463 21,896
General and administrative expense 41,975 40,410
Allowance for/(recovery of) expected credit losses 4,822 (1,770)
Cost of sales 13,903 4,284
TOTAL EXPENSE 492,908 413,401
INCOME BEFORE INCOME TAX 40,515 41,598
Income tax expense (10,119) (7,339)
NET INCOME 30,396 34,259
Less: Net loss attributable to non-controlling interest in subsidiary 0 (141)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 30,396 34,400
OTHER COMPREHENSIVE INCOME    
Change in unrealized gain on investments available-for-sale, net of tax effect 2,998 3,374
Reclassification adjustment for net realized loss/(gain) on available-for-sale investments disposed of in the period, net of tax effect 174 (18)
Foreign currency translation adjustments (41,804) (65,811)
OTHER COMPREHENSIVE LOSS (38,632) (62,455)
COMPREHENSIVE LOSS BEFORE NON-CONTROLLING INTERESTS (8,236) (28,196)
Less: Comprehensive loss attributable to non-controlling interest in subsidiary 0 (141)
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (8,236) $ (28,055)
EARNINGS PER COMMON SHARE (In U.S. dollars):    
Earnings per common share-basic (in USD per share) $ 0.51 $ 0.58
Earnings per common share- diluted (in USD per share) $ 0.50 $ 0.57
Weighted average number of shares, basic (in shares) 59,853,479 59,258,085
Weighted average number of shares, diluted (in shares) 61,057,627 60,255,593