Quarterly report [Sections 13 or 15(d)]

NET INTEREST INCOME/EXPENSE

v3.25.3
NET INTEREST INCOME/EXPENSE
 6 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
NET INTEREST INCOME/EXPENSE NET INTEREST INCOME/EXPENSE
Net interest income/expense for the three months ended September 30, 2025 and September 30, 2024 includes:
Three months ended September 30, 2025
Three months ended September 30, 2024
Interest income:
Interest income on margin loans to customers $ 72,814  $ 40,917 
Interest income on loans to customers 66,678  49,393 
Interest income on trading securities 37,669  104,992 
Interest income on held-to-maturity securities 15,356  — 
Interest income on securities available-for-sale 13,874  9,003 
Interest income on reverse repurchase agreements and amounts due from banks 5,271  6,019 
Total interest income $ 211,662  $ 210,324 
Interest expense:
Interest expense on customer accounts and deposits $ 43,024  $ 23,696 
Interest expense on securities repurchase agreement obligations 34,051  86,116 
Interest expense on debt securities issued 17,500  6,969 
Interest expense on margin lending payable 5,598  7,416 
Interest expense on loans received 575  468 
Other interest expense 1,511  — 
Total interest expense $ 102,259  $ 124,665 
Net interest income $ 109,403  $ 85,659 

Net interest income/expense for the six months ended September 30, 2025 and September 30, 2024 includes:
Six months ended September 30, 2025
Six months ended September 30, 2024
Interest income:
Interest income on margin loans to customers $ 133,103  $ 91,984 
Interest income on loans to customers 128,372  101,760 
Interest income on trading securities 90,245  212,120 
Interest income on securities available-for-sale 27,257  17,403 
Interest income on held-to-maturity securities 20,529  — 
Interest income on reverse repurchase agreements and amounts due from banks 10,727  13,061 
Total interest income $ 410,233  $ 436,328 
Interest expense:
Interest expense on customer accounts and deposits $ 82,356  $ 46,823 
Interest expense on securities repurchase agreement obligations 79,512  178,523 
Interest expense on debt securities issued 31,251  13,938 
Interest expense on margin lending payable 18,972  30,539 
Interest expense on loans received 1,085  512 
Other interest expense 2,493  48 
Total interest expense $ 215,669  $ 270,383 
Net interest income $ 194,564  $ 165,945