| NET INTEREST INCOME/EXPENSE |
NET INTEREST INCOME/EXPENSE Net interest income/expense includes:
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Year ended
March 31, 2024
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Year ended
March 31, 2023
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Year ended March 31, 2022 |
| Interest income: |
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| Interest income on trading securities |
$ |
426,428 |
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|
$ |
178,288 |
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|
$ |
78,327 |
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| Interest income on loans to customers |
176,539 |
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|
43,486 |
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|
4,617 |
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| Interest income on margin loans to customers |
175,571 |
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|
34,558 |
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|
14,164 |
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| Interest income on securities available-for-sale |
32,821 |
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|
27,003 |
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|
22,437 |
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| Interest income on reverse repurchase agreements and amounts due from banks |
16,865 |
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|
9,836 |
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|
1,658 |
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Other interest income |
— |
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|
1,524 |
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|
406 |
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| Total interest income |
$ |
828,224
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|
$ |
294,695
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$ |
121,609
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| Interest expense: |
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| Interest expense on securities repurchase agreement obligations |
$ |
402,665 |
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$ |
158,595 |
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$ |
58,229 |
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| Interest expense on customer accounts and deposits |
70,778 |
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|
40,335 |
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|
16,336 |
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| Interest expense on margin lending payable |
16,990 |
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|
6,635 |
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— |
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| Interest expense on debt securities issued |
10,356 |
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|
3,085 |
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|
1,822 |
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| Other interest expense |
322 |
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|
297 |
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|
560 |
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| Total interest expense |
$ |
501,111
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$ |
208,947
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$ |
76,947
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| Net interest income |
$ |
327,113
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$ |
85,748
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$ |
44,662
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