Quarterly report [Sections 13 or 15(d)]

NET INTEREST INCOME/EXPENSE

v3.25.2
NET INTEREST INCOME/EXPENSE
 3 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
NET INTEREST INCOME/EXPENSE NET INTEREST INCOME/EXPENSE
Net interest income/expense includes:

Three months ended June 30, 2025
Three months ended June 30, 2024
Interest income:
Interest income on loans to customers $ 61,694  $ 52,367 
Interest income on margin loans to customers 60,289  51,067 
Interest income on trading securities 52,576  107,128 
Interest income on securities available-for-sale 13,383  8,400 
Interest income on reverse repurchase agreements and amounts due from banks 5,456  7,042 
Interest income on held-to-maturity securities 5,173  — 
Total interest income $ 198,571  $ 226,004 
Interest expense:
Interest expense on securities repurchase agreement obligations $ 45,461  $ 92,407 
Interest expense on customer accounts and deposits 39,332  23,127 
Interest expense on debt securities issued 13,751  6,969 
Interest expense on margin lending payable 13,374  23,123 
Interest expense on loans received 510  44 
Other interest expense 982  48 
Total interest expense $ 113,410  $ 145,718 
Net interest income $ 85,161  $ 80,286