Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING - Results by segment (Details)

v3.25.2
SEGMENT REPORTING - Results by segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]    
Fee and commission income $ 107,642 $ 115,489
Net gain on trading securities 45,602 (52,102)
Interest income 198,571 226,004
Insurance premiums earned, net of reinsurance 153,257 129,408
Net (loss)/gain on foreign exchange operations (12,893) 8,089
Net gain/(loss) on derivative 15,459 12,494
Sales of goods and services 17,224 5,220
Other income 8,561 10,397
TOTAL REVENUE, NET 533,423 454,999
Fee and commission expense 84,871 80,147
Interest expense 113,410 145,718
Insurance claims incurred, net of reinsurance 80,285 47,309
Payroll and bonuses 93,101 57,524
Professional services 13,024 7,268
Stock compensation expense 23,054 10,615
Advertising and sponsorship expense 24,463 21,896
General and administrative expense 41,975 40,410
(Recovery of)/allowance for expected credit losses 4,822 (1,770)
Cost of sales 13,903 4,284
TOTAL EXPENSE 492,908 413,401
INCOME BEFORE INCOME TAX 40,515 41,598
Income tax expense (10,119) (7,339)
NET INCOME 30,396 34,259
Brokerage    
Segment Reporting Information [Line Items]    
Fee and commission income 105,825 97,943
Net gain on trading securities 7,063 874
Interest income 64,940 62,789
Insurance premiums earned, net of reinsurance 0 0
Net (loss)/gain on foreign exchange operations (2,445) 9,957
Net gain/(loss) on derivative 50 876
Sales of goods and services 0 0
Other income 827 2,477
TOTAL REVENUE, NET 176,260 174,916
Fee and commission expense 10,787 5,677
Interest expense 16,082 34,621
Insurance claims incurred, net of reinsurance 0 0
Payroll and bonuses 34,193 25,251
Professional services 1,917 2,389
Stock compensation expense 6,213 5,315
Advertising and sponsorship expense 8,262 11,944
General and administrative expense 10,788 10,213
(Recovery of)/allowance for expected credit losses (2,323) (329)
Cost of sales 0 0
TOTAL EXPENSE 85,919 95,081
INCOME BEFORE INCOME TAX 90,341 79,835
Income tax expense (15,993) (10,204)
NET INCOME 74,348 69,631
Banking    
Segment Reporting Information [Line Items]    
Fee and commission income (8,825) 2,796
Net gain on trading securities 29,665 (50,007)
Interest income 115,929 146,063
Insurance premiums earned, net of reinsurance 0 0
Net (loss)/gain on foreign exchange operations (13,850) (19,695)
Net gain/(loss) on derivative 16,900 11,618
Sales of goods and services 0 0
Other income 6,423 427
TOTAL REVENUE, NET 146,242 91,202
Fee and commission expense 5,603 2,526
Interest expense 79,237 99,887
Insurance claims incurred, net of reinsurance 0 0
Payroll and bonuses 19,241 6,117
Professional services 195 96
Stock compensation expense 3,070 1,956
Advertising and sponsorship expense 923 1,064
General and administrative expense 12,316 12,385
(Recovery of)/allowance for expected credit losses 5,624 (1,121)
Cost of sales 0 0
TOTAL EXPENSE 126,209 122,910
INCOME BEFORE INCOME TAX 20,033 (31,708)
Income tax expense (2,662) 3,225
NET INCOME 17,371 (28,483)
Insurance    
Segment Reporting Information [Line Items]    
Fee and commission income 0 115
Net gain on trading securities 4,096 139
Interest income 16,500 15,699
Insurance premiums earned, net of reinsurance 153,257 129,408
Net (loss)/gain on foreign exchange operations (142) 1,120
Net gain/(loss) on derivative 0 0
Sales of goods and services 0 0
Other income 308 782
TOTAL REVENUE, NET 174,019 147,263
Fee and commission expense 66,034 64,887
Interest expense 2,629 3,883
Insurance claims incurred, net of reinsurance 80,285 47,309
Payroll and bonuses 8,131 6,861
Professional services 707 277
Stock compensation expense 10,451 875
Advertising and sponsorship expense 249 350
General and administrative expense 2,074 5,218
(Recovery of)/allowance for expected credit losses 1,185 325
Cost of sales 0 0
TOTAL EXPENSE 171,745 129,985
INCOME BEFORE INCOME TAX 2,274 17,278
Income tax expense (4,118) (3,475)
NET INCOME (1,844) 13,803
Other    
Segment Reporting Information [Line Items]    
Fee and commission income 10,642 14,635
Net gain on trading securities 4,778 (3,108)
Interest income 1,202 1,453
Insurance premiums earned, net of reinsurance 0 0
Net (loss)/gain on foreign exchange operations 3,544 16,707
Net gain/(loss) on derivative (1,491) 0
Sales of goods and services 17,224 5,220
Other income 1,003 6,711
TOTAL REVENUE, NET 36,902 41,618
Fee and commission expense 2,447 7,057
Interest expense 15,462 7,327
Insurance claims incurred, net of reinsurance 0 0
Payroll and bonuses 31,536 19,295
Professional services 10,205 4,506
Stock compensation expense 3,320 2,469
Advertising and sponsorship expense 15,029 8,538
General and administrative expense 16,797 12,594
(Recovery of)/allowance for expected credit losses 336 (645)
Cost of sales 13,903 4,284
TOTAL EXPENSE 109,035 65,425
INCOME BEFORE INCOME TAX (72,133) (23,807)
Income tax expense 12,654 3,115
NET INCOME $ (59,479) $ (20,692)