Annual report pursuant to Section 13 and 15(d)

NET INTEREST INCOME/EXPENSE (Tables)

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