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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Loans receivable $ 279,476 $ 337,118 $ 848,150 $ 857,251
Mortgage-backed securities 27,855 17,523 70,118 41,694
Investment securities and cash equivalents 24,383 37,300 94,647 98,668
Total income 331,714 391,941 1,012,915 997,613
INTEREST EXPENSE        
Customer accounts 146,735 154,359 460,833 367,194
Borrowings, senior debt and junior subordinated debentures 16,991 60,396 67,753 142,399
Total interest expense 163,726 214,755 528,586 509,593
Net interest income 167,988 177,186 484,329 488,020
Provision for credit losses 2,000 1,500 4,750 17,500
Net interest income after provision 165,988 175,686 479,579 470,520
NON-INTEREST INCOME        
Gain on sale of investment securities 0 80 20 251
Gain on termination of hedging derivatives 56 54 126 169
Loan fee income 1,650 594 4,807 1,988
Deposit fee income $ 7,588 $ 6,960 $ 21,691 $ 20,460
Revenue, Product and Service [Extensible Enumeration] Deposit Account [Member] Deposit Account [Member] Deposit Account [Member] Deposit Account [Member]
Other income $ 8,979 $ 9,567 $ 26,212 $ 21,946
Total non-interest income 18,273 17,255 52,856 44,814
NON-INTEREST EXPENSE        
Compensation and benefits 53,481 57,169 166,118 180,165
Occupancy 11,755 10,904 34,042 31,193
FDIC insurance premiums 5,150 7,600 15,800 22,070
Product delivery 6,621 6,090 19,313 17,680
Information technology 15,022 13,428 43,695 39,177
Other expense 12,298 14,888 41,502 50,046
Total non-interest expense 104,327 110,079 320,470 340,331
Gain (loss) on real estate owned, net (176) (124) 54 387
Income before income taxes 79,758 82,738 212,019 175,390
Income tax expense 17,806 18,178 46,548 36,489
Net income 61,952 64,560 165,471 138,901
Dividends on preferred stock 3,656 3,656 10,968 10,969
Net income available to common shareholders $ 58,296 $ 60,904 $ 154,503 $ 127,932
PER SHARE DATA        
Basic earnings per common share (in dollars per share) $ 0.73 $ 0.75 $ 1.91 $ 1.78
Diluted earnings per common share (in dollars per share) 0.73 0.75 1.91 1.78
Dividends paid on common stock (in dollars per share) $ 0.27 $ 0.26 $ 0.80 $ 0.77
Basic weighted average shares outstanding (in shares) 79,888,520 81,374,811 80,748,838 71,905,924
Diluted weighted average shares outstanding (in shares) 79,907,672 81,393,708 80,821,807 71,930,215