v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenue:    
Fee and commission income $ 131,641 $ 97,383
Net gain/(loss) on trading securities 15,582 10,741
Net realized loss on investments available for sale (593) (31)
Interest income 49,453 24,662
Insurance underwriting income 24,241 14,076
Net gain/(loss) on foreign exchange operations 5,019 (1,024)
Net gain on derivative 1,265 (60)
TOTAL REVENUE, NET 226,608 145,747
Expense:    
Fee and commission expense 25,241 23,260
Interest expense 45,829 16,495
Insurance claims incurred, net of reinsurance 16,692 11,296
Operating expense 65,467 33,244
Provision for impairment losses/(recoveries) 2,798 293
Other (income)/expense, net (527) 125
TOTAL EXPENSE 155,500 84,713
NET INCOME BEFORE INCOME TAX 71,108 61,034
Income tax (expense)/benefit (12,035) (5,664)
NET INCOME 59,073 55,370
Less: Net loss attributable to non-controlling interest in subsidiary (1,994) (52)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 61,067 55,422
OTHER COMPREHENSIVE INCOME    
Change in unrealized gain on investments available-for-sale, net of tax effect 866 874
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 593 31
Foreign currency translation adjustments, net of tax effect 21,977 3,022
OTHER COMPREHENSIVE INCOME 23,436 3,927
COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS 82,509 59,297
Less: Comprehensive loss attributable to non-controlling interest in subsidiary (1,994) (52)
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 84,503 $ 59,349
BASIC NET INCOME PER COMMON SHARE (In USD per share) $ 0.99 $ 0.93
DILUTED NET INCOME PER COMMON SHARE (In USD per share) $ 0.99 $ 0.93
Weighted average number of shares, basic (in shares) 59,542,212 59,474,712
Weighted average number of shares, diluted (in shares) 59,542,212 59,531,446

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