Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING - Results by segment (Details)

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SEGMENT REPORTING - Results by segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]    
Fee and commission income $ 115,489 $ 98,703
Net gain/(loss) on trading securities (52,102) 31,816
Interest income 226,004 149,349
Insurance underwriting income 129,408 44,889
Net gain/(loss) on foreign exchange operations 8,089 19,301
Net gain on derivative 12,494 (30,605)
Other income, net 11,333 2,757
TOTAL REVENUE, NET 450,715 316,210
Fee and commission expense 80,147 28,684
Interest expense 145,718 95,046
Insurance claims incurred, net of reinsurance 47,309 21,514
Payroll and bonuses 57,524 31,630
Professional services 7,268 6,625
Stock compensation expense 10,615 1,233
Advertising expense 17,201 8,100
General and administrative expenses 45,105 24,475
(Recovery of)/provision for allowance for expected credit losses (1,770) 14,326
TOTAL EXPENSE 409,117 231,633
INCOME BEFORE INCOME TAX 41,598 84,577
Income tax (expense)/benefit (7,339) (16,656)
NET INCOME 34,259 67,921
Brokerage    
Segment Reporting Information [Line Items]    
Fee and commission income 97,943 63,972
Net gain/(loss) on trading securities 874 9,167
Interest income 62,789 32,209
Insurance underwriting income 0 0
Net gain/(loss) on foreign exchange operations 9,957 111
Net gain on derivative 876 (5)
Other income, net 2,477 616
TOTAL REVENUE, NET 174,916 106,070
Fee and commission expense 5,677 5,858
Interest expense 34,621 21,238
Insurance claims incurred, net of reinsurance 0 0
Payroll and bonuses 25,251 12,499
Professional services 2,389 2,327
Stock compensation expense 5,315 789
Advertising expense 11,944 4,788
General and administrative expenses 10,213 8,457
(Recovery of)/provision for allowance for expected credit losses (329) 240
TOTAL EXPENSE 95,081 56,196
INCOME BEFORE INCOME TAX 79,835 49,874
Income tax (expense)/benefit (10,204) (2,679)
NET INCOME 69,631 47,195
Banking    
Segment Reporting Information [Line Items]    
Fee and commission income 2,796 13,166
Net gain/(loss) on trading securities (50,007) 14,520
Interest income 146,063 99,094
Insurance underwriting income 0 0
Net gain/(loss) on foreign exchange operations (19,695) 19,840
Net gain on derivative 11,618 (30,774)
Other income, net 427 (192)
TOTAL REVENUE, NET 91,202 115,654
Fee and commission expense 2,526 3,983
Interest expense 99,887 62,699
Insurance claims incurred, net of reinsurance 0 0
Payroll and bonuses 6,117 9,512
Professional services 96 80
Stock compensation expense 1,956 62
Advertising expense 1,064 2,036
General and administrative expenses 12,385 6,398
(Recovery of)/provision for allowance for expected credit losses (1,121) 11,284
TOTAL EXPENSE 122,910 96,054
INCOME BEFORE INCOME TAX (31,708) 19,600
Income tax (expense)/benefit 3,225 0
NET INCOME (28,483) 19,600
Insurance    
Segment Reporting Information [Line Items]    
Fee and commission income 115 42
Net gain/(loss) on trading securities 139 9,104
Interest income 15,699 16,008
Insurance underwriting income 129,408 44,889
Net gain/(loss) on foreign exchange operations 1,120 (429)
Net gain on derivative 0 0
Other income, net 782 763
TOTAL REVENUE, NET 147,263 70,377
Fee and commission expense 64,887 17,424
Interest expense 3,883 8,419
Insurance claims incurred, net of reinsurance 47,309 21,514
Payroll and bonuses 6,861 3,326
Professional services 277 126
Stock compensation expense 875 37
Advertising expense 350 145
General and administrative expenses 5,218 1,249
(Recovery of)/provision for allowance for expected credit losses 325 1,222
TOTAL EXPENSE 129,985 53,462
INCOME BEFORE INCOME TAX 17,278 16,915
Income tax (expense)/benefit (3,475) 37
NET INCOME 13,803 16,952
Other    
Segment Reporting Information [Line Items]    
Fee and commission income 14,635 21,523
Net gain/(loss) on trading securities (3,108) (975)
Interest income 1,453 2,038
Insurance underwriting income 0 0
Net gain/(loss) on foreign exchange operations 16,707 (221)
Net gain on derivative 0 174
Other income, net 7,647 1,570
TOTAL REVENUE, NET 37,334 24,109
Fee and commission expense 7,057 1,419
Interest expense 7,327 2,690
Insurance claims incurred, net of reinsurance 0 0
Payroll and bonuses 19,295 6,293
Professional services 4,506 4,092
Stock compensation expense 2,469 345
Advertising expense 3,843 1,131
General and administrative expenses 17,289 8,371
(Recovery of)/provision for allowance for expected credit losses (645) 1,580
TOTAL EXPENSE 61,141 25,921
INCOME BEFORE INCOME TAX (23,807) (1,812)
Income tax (expense)/benefit 3,115 (14,014)
NET INCOME $ (20,692) $ (15,826)