Axos Financial (AX) 10-K 22 Aug 24 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Jun. 30, 2024	Aug. 09, 2024	Dec. 29, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--06-30
Document Transition Report	false
Entity File Number	001-37709
Entity Registrant Name	AXOS FINANCIAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0867444
Entity Address, Address Line One	9205 West Russell Road, Suite 400
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89148
City Area Code	(858)
Local Phone Number	649-2218
Title of 12(b) Security	Common stock, $.01 par value
Trading Symbol	AX
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,982,756,903
Entity Common Stock, Shares Outstanding		56,894,891
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement for the registrant’s 2024 Annual Meeting of Stockholders are incorporated by reference into Part III.
Entity Central Index Key	0001299709
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Jun. 30, 2024
Audit Information [Abstract]
Auditor Name	BDO USA, P.C.
Auditor Location	San Diego, CA
Auditor Firm ID	243

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 1,979,979	$ 2,233,027
Restricted cash	205,797	149,059
Total cash, cash equivalents and restricted cash	2,185,776	2,382,086
Trading securities	353	758
Available-for-sale securities	141,611	232,350
Stock of regulatory agencies	21,957	21,510
Loans held for sale, carried at fair value	16,482	23,203
Loans held for sale, lower of cost or fair value	0	776
Loans—net of allowance for credit losses of $260,542 as of June 30, 2024 and $166,680 as of June 30, 2023	19,231,385	16,456,728
Servicing rights, carried at fair value	28,924	25,443
Securities borrowed	67,212	134,339
Customer, broker-dealer and clearing receivables	240,028	374,074
Goodwill and other intangible assets—net	141,769	152,149
Other assets	779,837	545,053
TOTAL ASSETS	22,855,334	20,348,469
Deposits:
Non-interest-bearing	2,975,631	2,898,150
Interest-bearing	16,383,586	14,224,958
Total deposits	19,359,217	17,123,108
Advances from the Federal Home Loan Bank	90,000	90,000
Borrowings, subordinated notes and debentures	325,679	361,779
Securities loaned	74,177	159,832
Customer, broker-dealer and clearing payables	301,127	445,477
Accounts payable and other liabilities	414,538	251,114
Total liabilities	20,564,738	18,431,310
COMMITMENTS AND CONTINGENCIES (Note 18)
STOCKHOLDERS’ EQUITY:
Common stock—$0.01 par value; $150,000,000 shares authorized, $70,221,632 shares issued and $56,894,565 shares outstanding as of June 30, 2024; $69,465,446 shares issued and $58,943,035 shares outstanding as of June 30, 2023	702	695
Additional paid-in capital	510,232	479,878
Accumulated other comprehensive income (loss)—net of income tax	(2,466)	(6,610)
Retained earnings	2,185,617	1,735,609
Treasury stock, at cost; $13,327,067 shares as of June 30, 2024 and $10,522,411 shares as of June 30, 2023	(403,489)	(292,413)
Total stockholders’ equity	2,290,596	1,917,159
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 22,855,334	$ 20,348,469

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Assets:
Allowance for credit losses at acquisition	$ 260,542	$ 166,680
STOCKHOLDERS’ EQUITY:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares, issued (in shares)	70,221,632	69,465,446
Common stock, shares outstanding (in shares)	56,894,565	58,943,035
Treasury stock, shares (in shares)	13,327,067	10,522,411

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 1,499,572	$ 1,048,874	$ 626,628
Securities borrowed and customer receivables	22,407	18,657	20,512
Investments and other	133,628	89,607	12,588
Total interest and dividend income	1,655,607	1,157,138	659,728
INTEREST EXPENSE:
Deposits	670,570	339,481	33,620
Advances from the Federal Home Loan Bank	3,087	12,644	4,625
Securities loaned	2,214	3,673	1,124
Other borrowings	18,307	18,219	13,201
Total interest expense	694,178	374,017	52,570
Net interest income	961,429	783,121	607,158
Provision for credit losses	32,500	24,250	23,750
Net interest income, after provision for credit losses	928,929	758,871	583,408
NON-INTEREST INCOME:
Broker-dealer fee income	48,136	46,503	22,880
Advisory fee income	31,335	28,324	29,230
Banking and service fees	35,723	32,938	28,752
Mortgage banking and servicing rights income	10,000	7,101	19,198
Prepayment penalty fee income	5,069	5,622	13,303
Gain on acquisition	92,397	0	0
Total non-interest income	222,660	120,488	113,363
NON-INTEREST EXPENSE:
Salaries and related costs	250,873	204,271	167,390
Data and operational processing	69,370	60,557	50,159
Depreciation and amortization	27,086	23,387	24,596
Advertising and promotional	42,797	37,150	13,580
Professional services	36,532	29,268	22,482
Occupancy and equipment	16,704	15,647	13,745
FDIC and regulatory fees	20,546	15,534	11,823
Broker-dealer clearing charges	18,260	13,433	15,184
General and administrative expense	33,940	48,368	37,853
Total non-interest expense	516,108	447,615	356,812
INCOME BEFORE INCOME TAXES	635,481	431,744	339,959
INCOME TAXES	185,473	124,579	99,243
NET INCOME	$ 450,008	$ 307,165	$ 240,716
Basic earnings per share (in dollars per share)	$ 7.82	$ 5.15	$ 4.04
Diluted earnings per share (in dollars per share)	$ 7.66	$ 5.07	$ 3.97

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 450,008	$ 307,165	$ 240,716
Net unrealized gain (loss) from available-for-sale securities, net of tax expense (benefit) of $1,787, $(1,575), and $(2,416) for the fiscal years ended June 30, 2024, 2023 and 2022, respectively.	4,144	(3,677)	(5,440)
Other comprehensive income (loss)	4,144	(3,677)	(5,440)
COMPREHENSIVE INCOME	$ 454,152	$ 303,488	$ 235,276

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (PARENTHETICAL) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net unrealized gain (loss) from available-for-sale securities, tax expense (benefit)	$ 1,787	$ (1,575)	$ (2,416)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss), Net of Income Tax	Retained Earnings
Common stock, issued, beginning balance (in shares) at Jun. 30, 2021		68,069,321
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2021			(8,751,377)
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2021		59,317,944
Stockholders' equity, beginning balance at Jun. 30, 2021	$ 1,400,936	$ 681	$ (222,530)	$ 432,550	$ 2,507	$ 1,187,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	240,716					240,716
Other comprehensive income (loss)	(5,440)				(5,440)
Stock-based compensation activity, issued (in shares)		790,401
Stock-based compensation activity, treasury (in shares)			(330,396)
Stock-based compensation activity, outstanding (in shares)		460,005
Stock-based compensation activity	6,761	$ 8	$ (14,481)	21,234
Common stock, issued, ending balance (in shares) at Jun. 30, 2022		68,859,722
Common stock, treasury, ending balance (in shares) at Jun. 30, 2022			(9,081,773)
Common stock, outstanding, ending balance (in shares) at Jun. 30, 2022		59,777,949
Stockholders' equity, ending balance at Jun. 30, 2022	1,642,973	$ 689	$ (237,011)	453,784	(2,933)	1,428,444
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	307,165					307,165
Other comprehensive income (loss)	(3,677)				(3,677)
Purchase of treasury stock, treasury and outstanding (in shares)		(1,321,161)	(1,321,161)
Purchase of treasury stock	(49,258)		$ (49,258)
Stock-based compensation activity, issued (in shares)		605,724
Stock-based compensation activity, treasury (in shares)			(119,477)
Stock-based compensation activity, outstanding (in shares)		486,247
Stock-based compensation activity	$ 19,956	$ 6	$ (6,144)	26,094
Common stock, issued, ending balance (in shares) at Jun. 30, 2023	69,465,446	69,465,446
Common stock, treasury, ending balance (in shares) at Jun. 30, 2023	(10,522,411)		(10,522,411)
Common stock, outstanding, ending balance (in shares) at Jun. 30, 2023	58,943,035	58,943,035
Stockholders' equity, ending balance at Jun. 30, 2023	$ 1,917,159	$ 695	$ (292,413)	479,878	(6,610)	1,735,609
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	450,008					450,008
Other comprehensive income (loss)	4,144				4,144
Purchase of treasury stock, treasury and outstanding (in shares)		(2,541,254)	(2,541,254)
Purchase of treasury stock	(97,023)		$ (97,023)
Stock-based compensation activity, issued (in shares)		756,186
Stock-based compensation activity, treasury (in shares)			(263,402)
Stock-based compensation activity, outstanding (in shares)		492,784
Stock-based compensation activity	$ 16,308	$ 7	$ (14,053)	30,354
Common stock, issued, ending balance (in shares) at Jun. 30, 2024	70,221,632	70,221,632
Common stock, treasury, ending balance (in shares) at Jun. 30, 2024	(13,327,067)		(13,327,067)
Common stock, outstanding, ending balance (in shares) at Jun. 30, 2024	56,894,565	56,894,565
Stockholders' equity, ending balance at Jun. 30, 2024	$ 2,290,596	$ 702	$ (403,489)	$ 510,232	$ (2,466)	$ 2,185,617

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 450,008	$ 307,165	$ 240,716
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	27,086	23,387	24,596
Other accretion and amortization	(58,275)	(1,616)	3,933
Stock-based compensation expense	35,194	26,100	21,242
Trading activity	405	1,000	225
Provision for credit losses	32,500	24,250	23,750
Deferred income taxes	33,134	(19,586)	(9,400)
Origination of loans held for sale	(197,305)	(160,607)	(656,487)
Unrealized and realized gains on loans held for sale	(8,639)	(7,999)	(16,237)
Proceeds from sale of loans held for sale	209,503	149,091	689,530
Change in the fair value of servicing rights	(2,326)	634	(2,228)
Gain on FDIC Loan Purchase	(92,397)	0	0
Gain on repurchase of subordinated notes	(973)	0	0
Net change in assets and liabilities which provide (use) cash:
Securities borrowed	67,127	204,641	280,108
Customer, broker-dealer and clearing receivables	134,046	43,342	(43,925)
Other Assets	(114,040)	(11,984)	(95,543)
Securities loaned	(85,655)	(314,568)	(254,588)
Customer, broker-dealer and clearing payables	(144,350)	(66,177)	(23,771)
Accounts payable and other liabilities	20,434	(367)	34,701
Net cash provided by (used in) operating activities	305,477	196,706	216,622
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(9,612)	(32,669)	(143,733)
Proceeds from sale and repayment of available-for-sale securities	106,249	57,989	131,868
Purchase of stock of regulatory agencies	0	(108,724)	(54,350)
Proceeds from redemption of stock of regulatory agencies	0	108,724	54,350
Net change in loans held for investment	(1,841,622)	(2,399,491)	(2,770,611)
Proceeds from sale of loans originally classified as held for investment	39,159	14,185	106,324
Proceeds from sale of other real estate owned and repossessed assets	4,757	4,167	8,654
Proceeds from BOLI claim settlement	0	2,778	0
Acquisition of business activity, net of cash acquired	0	(5,531)	(54,597)
Purchase of loans and leases, net of discounts and premiums	(841,838)	(1,564)	(33,085)
Purchases of furniture, equipment, software and intangibles	(35,961)	(30,215)	(21,504)
Purchases of other investments	(12,401)	(9,035)	(6,436)
Distributions received from other investments	1,989	288	96
Net cash provided by (used in) investing activities	(2,589,280)	(2,399,098)	(2,783,024)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	2,236,109	3,176,686	3,130,625
Repayments of the Federal Home Loan Bank term advances	0	(27,500)	(50,000)
Net (repayment) proceeds of Federal Home Loan Bank other advances	0	0	(186,000)
Net (repayment) proceeds of other borrowings	(27,200)	(84,300)	75,300
Tax payments related to settlement of restricted stock units	(16,192)	(6,144)	(14,481)
Purchase of treasury stock	(96,286)	(48,963)	0
Repurchase of subordinated notes	(8,938)	0	0
Payment of debt issuance costs	0	0	(2,120)
Proceeds from issuance of subordinated notes	0	0	150,000
Net cash provided by (used in) financing activities	2,087,493	3,009,779	3,103,324
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(196,310)	807,387	536,922
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year	2,382,086	1,574,699	1,037,777
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of year	2,185,776	2,382,086	1,574,699
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on interest-bearing liabilities	698,956	368,311	50,269
Income taxes paid	200,809	131,365	99,701
Transfers to other real estate and repossessed vehicles from loans held for investment	4,472	12,664	2,134
Transfers from loans held for investment to loans held for sale	39,159	14,185	105,884
Transfers from loans held for sale to loans and leases held for investment	2,783	690	3,098
Operating lease liabilities from obtaining right of use assets	6,330	3,400	6,876
Non-cash LIHTC investments	$ 37,495	$ 0	$ 9,350

ORGANIZATIONS AND SUMMARY OF SI

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation . The Consolidated Financial Statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries. Axos Bank (the “Bank” or “Axos Bank”), its wholly owned subsidiaries, and the activities of two lending-related trust entities, constitute the Banking Business Segment and Axos Nevada Holding and its wholly owned subsidiaries constitute the Securities Business Segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Consolidated Financial Statements are an integral part of the Company’s financial statements. Certain reclassifications have been made to the Consolidated Statements of Income and Consolidated Statements of Cash Flows to conform to the current period presentation. These reclassifications had no effect on the Company’s results of operations or financial position. On the Consolidated Statement of Cash Flows, purchases and distributions of certain equity investments are now presented as cash flows from investing activities. Axos Financial, Inc. was incorporated in the State of Delaware on July 6, 1999 for the purpose of organizing and launching an internet-based savings bank. The Bank, which opened for business over the internet on July 4, 2000, is subject to regulation and examination by the Office of the Comptroller of the Currency (“OCC”), its primary regulator. The Federal Deposit Insurance Corporation (“FDIC”) insures the Bank’s deposit accounts up to the maximum allowable amount. Axos Clearing LLC, a clearing broker dealer, is regulated by the Securities and Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”). Axos Invest, a platform through which digital investment advisory services are offered to retail investors, is regulated by the SEC and FINRA. Business . The Company provides banking and securities products and services to its customers through its online and low-cost distribution channels and affinity partners. Deposit products are demand accounts, savings and money market accounts, and time deposits marketed to consumers and businesses. Lending products include residential single family mortgage, multifamily mortgage, commercial mortgage loans, loans secured by commercial real estate properties (“CRE”), loans secured by commercial assets and non-bank lenders (Commercial & Industrial - Non-Real Estate), auto and unsecured loans and other loans. The Bank’s lending business is primarily concentrated in California and New York and is subject to the general economic conditions of those states. Securities products and services generate interest and fee income by providing comprehensive securities clearing and custody services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively. Use of Estimates . In preparing the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results may differ materially from those estimates. Revenue Recognition. The Company accounts for certain revenue streams under Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”), which provides that an entity shall recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. Certain non-interest income, such as deposit service fees, advisory fee income and broker-dealer clearing fees, are within the scope of ASC 606. Advisory Fee Income—Asset-Based Custody Fees and Asset-Based Fund Fees. Asset-based custody fees consist of custody fees, and other ancillary fees. Custody fees vary based on a percentage of average customer assets under custody. Other ancillary fees may be charged based on average customer assets or based on specific activity. Revenue is recognized over the period where assets are held as the customer simultaneously receives and consumes the benefits. Asset-based fund fees consist of 12b-1 and mutual fund shareholder services fees and are paid by mutual fund companies monthly or quarterly based on the underlying agreements. Asset-based fund fees are charged based on a percentage of client assets invested in certain funds. Revenue is calculated each month based on the average daily assets invested in particular funds. Revenue is recognized over the period where assets are invested in certain funds. The performance obligations relate to providing recordkeeping, stockholder and administration services to mutual fund companies and the obligations are satisfied upon the performance of such services. Revenue recognition is constrained until the amount of average assets invested in each fund is known. Broker-Dealer Clearing Fees. The Company earns revenues for executing, settling and clearing securities transactions for other broker-dealers on a fully disclosed basis. Trade execution and clearing services, when provided together, represent a single performance obligation as the services are not separately identifiable in the context of the contract. Revenues associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, are recognized at a point in time on trade-date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying security or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. The Company also earns revenues for services which are separately identifiable and represent a distinct performance obligation which is recognized over time as the customer simultaneously receives and consumes the benefits. Certain clearing or other related fees represent a modification of the original contract as they are distinct services. All trade and execution services are priced at their standalone selling price. Clearing and other fees are generally deducted from the introducing brokers’ commissions on a monthly basis. Banking and Service Fees—Deposit Service Fees. Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied and related revenue recognized, when incurred. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Banking and Service Fees—Card Fees. Fees, exchange, and other service charges are primarily comprised of debit card income, ATM fees, merchant services income, and other service charges. Debit card income is primarily comprised of interchange fees earned whenever the Company’s debit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Banking and Service Fees—Technology and Service Fees. Technology and service fees include bankruptcy trustee, fiduciary service income and technology fees. Technology fees primarily include those earned from business management and entertainment accounting and payroll software licenses as well as payroll processing fees. The performance obligation is satisfied as access to the licensed software is provided and upon the processing of payroll. Payment for software licenses and payroll processing is generally received in the month following the provision of service. Bankruptcy trustee and fiduciary service income is primarily comprised of fees earned from the monthly basis point fee and bank account service charges. The products and services provided to the trustee also provide a source of deposits to the Company. The performance obligation is satisfied when the deposits are determined at the end of each month. The expected value method is used to calculate and record the estimated revenue at the beginning of each month based on the amount of deposits. Fees are billed and collected on a monthly basis The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of ASC 606 for the periods indicated: Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Advisory fee income $ 31,335 $ 28,324 $ 28,309 Broker-dealer clearing fees 20,643 21,903 19,754 Deposit service fees 4,257 4,517 4,508 Card fees 2,516 4,410 3,764 Technology and service fees 5,890 6,107 3,099 Non-interest income (in-scope ASC 606) 64,641 65,261 59,434 Non-interest income (out-of-scope ASC 606) 158,019 55,227 53,929 Total non-interest income $ 222,660 $ 120,488 $ 113,363 Contract Balances. A contract asset or receivable is recognized if the Company performs a service or transfers a good in advance of receiving consideration. A contract liability is recognized if the Company receives consideration (or has the unconditional right to receive consideration) in advance of performance. As of June 30, 2024 and 2023, respectively, the Company’s contract assets and liabilities were not considered material. Other. Increases in the net cash surrender value of bank-owned life insurance policies, as well as insurance proceeds received, are recorded in non-interest income and are not subject to income taxes. Lending related income includes fees earned from gains or losses on the sale of loans, and letter of credit fees. Gain or loss on the sale of financial assets is measured as the net assets received from the sale less the carrying amount of the loan sold. The net assets received from the sale represent the fair value of any assets obtained or liabilities incurred as part of the transaction, including but not limited to cash, servicing assets, retained securitization investments and recourse obligations. Net gain or loss on the sale of repossessed assets is calculated by comparing sales proceeds to the carrying amount of the asset, and the carrying amount of the asset is determined using the lower of cost or fair value approach. Cash and Cash Equivalents . The Bank’s cash, due from banks, money market mutual funds and federal funds sold, all of which have original maturities within 90 days, consist of cash and cash equivalents. The table below presents cash and cash equivalents based on non-interest-earning and interest-earning status. At June 30, (Dollars in thousands) 2024 2023 Non-interest-earning cash and cash equivalents $ 66,563 $ 92,645 Interest-earning cash and cash equivalents 2,119,213 2,289,441 Total cash and cash equivalents $ 2,185,776 $ 2,382,086 Restricted Cash . Restricted cash includes qualified deposits in special reserve bank accounts for the exclusive benefit of Axos Clearing customers in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other regulations. Restricted cash also includes certain other cash balances which are restricted as to the Company’s withdrawal or usage based upon the terms of the corresponding agreements. Securities . The Company classifies securities at the time of purchase depending on intent. Debt securities are classified as held to maturity when management intends to hold the securities until maturity, or as available for sale if the securities are not held for resale in the near term. Available-for-sale securities are reported at fair value, with unrealized gains and losses, net of the related tax effects, reported as a separate component of “Other comprehensive income (loss)” on the Consolidated Statements of Comprehensive Income. Trading securities include assets held for resale in the near term, with changes in the fair value recognized in earnings. Gains and losses on securities sales are based on a comparison of sales proceeds and the amortized cost of the security sold using the specific identification method. Purchases and sales are recognized on the trade date. Interest income includes coupon interest and amortization of purchase premiums or discounts. Premiums and discounts on securities are amortized or accreted using the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates at the individual security level whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded which is limited by the difference between fair value and the amortized cost basis. The remaining change in fair value is recognized in “Other comprehensive income” on the Consolidated Statements of Comprehensive Income. Changes in the allowance for credit losses, if any, are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the available-for-sale security is confirmed as uncollectible or when either of the criteria regarding intent or requirement to sell is met. Loans (including Direct Financing & Sales Type Leases) . Loans that are held for investment are loans that management has the intent and ability to hold for the foreseeable future or until maturity are reported at the principal balance outstanding, net of unearned interest, deferred purchase premiums and discounts, deferred loan origination fees and costs, and an allowance for credit loss - loans. Interest income is accrued on the unpaid principal balance. Premiums and discounts on loans purchased as well as loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method. Single Family - Mortgage & Warehouse. The Single Family - Mortgage & Warehouse portfolio segment primarily consists of two loan types: single family mortgage loans and single family warehouse lines of credit. The single family mortgage loans consist of loans secured by one-to-four family residences. The single family warehouse lines of credit enable the mortgage originators to close loans in their own names and temporarily finance inventories of closed mortgage loans until they can be sold to an approved investor. The Company also originates home equity lines of credit and second mortgage loans. Multifamily and Commercial Mortgage. The Multifamily and Commercial Mortgage portfolio segment consists of loans secured by multifamily real estate (more than four units) and commercial real estate. These loans are dependent on the cash flow capacity of the project and repayment of loans secured by properties frequently depends on their successful operation and management. Commercial Real Estate. The Commercial Real Estate portfolio segment consists of loans secured by commercial real estate properties (“CRE”) under a variety of structures that it classifies as commercial real estate. A few examples are as follows: Commercial Bridge to Sale, Commercial Bridge to Construction, Commercial Bridge to Refinance and Acquisition, Development, Construction and Lender Finance. CRE Loans are originated to businesses secured by first liens on single family, multifamily, condominium, office, retail, mixed-use, hospitality, undeveloped or to-be-redeveloped land. Repayment of CRE loans depends on the successful completion of the real estate transition project and permanent take-out. Commercial & Industrial - Non-Real Estate (Non-RE). The Commercial & Industrial - Non-Real Estate portfolio segment consists of lender finance loans, asset-based loans, leveraged cash flow loans, insurance premium finance, fund finance, equipment leases, and general commercial and industrial loans. These receivables are generally secured by commercial assets, including, but not limited to, receivables, inventory, equipment and uniform commercial code (“UCC”) all-asset filings. For commercial and industrial non-real estate, asset backed loans and line of credit term loans, the Company typically enters into a structured facility, under which it takes a senior lien position collateralized by the underlying assets at advance rates well below the collateral value. Leveraged cash flow loans provide financial sponsors the ability to finance acquisitions, management buy-outs, recapitalizations, debt refinancing and dividends/distributions. Such lending relies on free cash flow as the primary repayment source, and enterprise value as the secondary repayment source. The Company’s equipment financing lease arrangements do not qualify as a sale as the Company does not obtain control of the assets in the ongoing sale leaseback arrangements. Therefore, the leased equipment is not capitalized on the Consolidated Balance Sheets. Direct financing leases and sales-type leases are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased property less unearned income, which is accreted to interest income over the lease terms using methods that approximate the interest method. Operating lease income is recognized on a straight-line basis and is included within the Loans, including fees, line item in the Consolidated Statements of Income. Leases generally do not contain non-lease components. Commercial and industrial leases are primarily made based on the operating cash flows of the borrower or conversion of working capital assets to cash and secondarily on the underlying collateral provided by the borrower. Auto and Consumer. The Auto and Consumer portfolio segment includes automobile loans and unsecured consumer loans, including account overdraft loans: Auto loans consist of prime and subprime loans to customers secured by new and used vehicles. The Company holds all of the auto loans originated and performs loan servicing functions for these loans. Auto loans carry a fixed interest rate and have terms that range from two Consumer unsecured loans generally consist of fixed rate unsecured loans to well-qualified, individual borrowers. Loan terms that range between three Purchased Credit Deteriorated (“PCD”) Loans. Purchased loans that reflect a more-than-insignificant deterioration of credit since their origination are considered PCD. For PCD loans, the initial estimate of expected credit losses is recognized in the allowance for credit losses on the date of acquisition. The initial amortized cost of PCD loans is determined by reducing the loans’ par value by the acquisition date estimate of expected credit losses with any difference between the resulting amount and the loans’ purchase price recorded as a non-credit-related discount. Subsequent changes in the initial estimate of expected credit losses are recognized in the provision for credit losses in the Company’s Consolidated Statements of Income. Loans Held for Sale . Agency loans originated and intended for sale in the secondary market are carried at fair value. Net unrealized gains and losses are recognized through mortgage banking income in the income statement. The Bank sells its mortgage loans with either servicing released or servicing retained depending upon market pricing. Gains and losses on loan sales are recorded as mortgage banking income, based on the difference between sales proceeds and carrying value. Non-agency loans held for sale are carried at the lower of cost or fair value. The Company has elected the fair value option for Agency loans held for sale. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. For loans for which the fair value option has been elected, the Company amortizes premiums and discounts over the life of the loan and any origination fees or costs are recognized as incurred. Loans that were originated with the intent and ability to hold for the foreseeable future (loans held for investment), but which have been subsequently designated as being held for sale for risk management or liquidity needs are carried at the lower of cost or fair value calculated using pools of loans with similar characteristics. Upon transfer, the Company assesses the collectability of the outstanding principal balance and may charge-off a portion of the loan as discussed further below in “Allowance for Credit Losses.” Following this assessment, any previously established ACL on the held for investment loan is reversed and the loan is transferred at amortized cost. If, following transfer to held for sale, the fair value of the loan is below its amortized cost a valuation allowance is established for the difference. There may be times when loans have been classified as held for sale and cannot be sold or the Company has the intent and ability to hold the loan for the foreseeable future or to maturity and the loans are transferred to held for investment. For loans transferred from the lower of cost or fair value held for sale classification, any valuation allowance is reversed upon transfer and the loan is transferred at amortized cost and is then assessed for any potential ACL. Allowance for Credit Losses. The ACL is a valuation account that offsets the amortized cost basis of loans and net investment in leases. Under ASC 326, amortized cost is the basis on which the ACL is determined. Amortized cost is principal outstanding, net of any purchase premiums and discounts and net of any deferred loan fees and costs. Loans are charged off against the ACL when the Company believes that collectability of at least some portion of outstanding principal is unlikely. Recoveries on loans previously charged off are recorded as an increase to the allowance for credit losses. The allowance for credit losses is maintained at a level needed to absorb expected credit losses over the contractual life, considering the effects of prepayments, of the loan portfolio as of the reporting date. Determining the adequacy of the allowance for credit losses is complex and requires judgment by Management about the effect of matters that are inherently uncertain. As such, a future assessment of current conditions may require material adjustments to the allowance. The Company’s process for determining expected lifetime credit losses entails a portfolio, model-based approach utilizing loan level detail and requires consideration of a broad range of relevant information relating to historical loss experience, current economic conditions and reasonable and supportable forecasts. The Company stratifies the full loan population into segments sharing similar characteristics to perform the evaluation of the credit loss collectively. The Company defines a loan portfolio segment as the level at which the Company develops a systematic methodology to determine the allowance, which is generally based on similar risk attributes, including underlying collateral, as well as the Company’s methods for monitoring credit risk and other factors. The Company categorizes the loan portfolio into five segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, including construction lending, Commercial & Industrial - Non-Real Estate and Auto & Consumer. For further information on these loan portfolio segments, see “Loans” herein. The method for estimating expected lifetime credit losses includes, among other things, the following main components: (1) The use of a probability of default (“PD”)/loss given default (“LGD”) model; (2) defining a number of economic scenarios across the benign to adverse spectrum; (3) a reasonable forecast period of 24 months for all loan segments; and (4) a reversion period of 12 months using a linear transition to historical loss rates for each loan pool. After the reversion period, the historical loss rate is applied over the remaining contractual life of loan. Reasonable forecast periods and reversion periods are subject to periodic review and may be adjusted based on the Company’s view of current economic conditions. The results of the estimate are calculated for several scenarios across the benign to adverse spectrum for each of the Company’s loan portfolio segments. The weighting of scenarios is subject to periodic review and may be adjusted based on the Company’s view of current economic conditions. Given the inherent limitations of a solely quantitative model, qualitative adjustments are included to arrive at the ending calculated loss amount in order to account for data points not captured from quantitative inputs alone. Qualitative criteria we consider includes, among other things, the following: • Regulatory and Legal - matters that may impact the timeliness and/or amounts of repayments; • Concentration - portfolio composition and loan concentration; • Collateral Dependency - changes in collateral values; • Lending/Underwriting Standards - current lending policies and the effects of any new policies; • Nature and Volume - loan production volume and mix; • Macroeconomic Environment - considerations not reflected in the data utilized in the model; and • Loan Trends - credit performance trends, including a borrower’s financial condition and credit rating. Specifically, Management reviews whether the model reflects the appropriate level of PD and LGD, given the macroeconomic forecasts used as compared to the Company’s loan portfolio. Management determines the adequacy of the allowance for credit losses based on reviews of individual loans, recent loss experience, current economic conditions, expectations about future economic conditions, the risk characteristics of the various categories of loans, including loan-to-value ratios, and other pertinent factors. If, based on Management’s evaluation, macroeconomic factors do not capture Management’s assumption regarding collateral values (LGD) and defaults (PD), Management will apply additional qualitative overlays to the loan portfolio. This evaluation is inherently subjective and requires estimates that are susceptible to significant revision as more information becomes available. Accrued Interest . Accrued interest receivable is excluded from amortized cost and is presented separately in “Other Assets” on the Consolidated Balance Sheets. Additionally, the Company does not estimate an allowance for credit losses on accrued interest receivable as the Company has a policy to charge off accrued interest deemed uncollectible in a timely manner. When a loan is placed on nonaccrual status, which generally occurs when a borrower becomes delinquent by 90 days, interest previously accrued but not collected is reversed against current period interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Individually Assessed Loans. Credit losses are estimated on a collective basis, unless an individual loan’s credit characteristics have deteriorated below a range of the overall group, in which case the loan would be individually assessed. Individually assessed loans are measured for credit loss based on the present value of future expected cash flows, discounted at the loan’s effective interest rate or based on the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Loan Commitments. Loans commitments not unconditionally cancellable are subject to an estimate of credit loss under a current expected credit loss model. The Company’s process for determining the estimate of credit loss on loan commitments is the same as it is on loans. Refer to detail of Allowance on Credit Losses above. Allowance on Credit Losses of off-balance sheet commitments is presented separately in “Accounts payable and other liabilities” on the Consolidated Balance Sheets. Leases - Lessee Arrangements. The Company leases office space under operating lease agreements scheduled to expire at various dates. At lease commencement, lease liabilities are recognized based on the present value of the remaining lease payments and discounted using the Company’s incremental borrowing rate, which is a blended rate comprised of the FHLB term rate and the Company’s subordinated debt rate. Right-of-use assets initially equal the lease liability, adjusted for any lease payments made prior to lease commencement and for any lease incentives. Right-of-use assets are reported in “Other assets” on the Consolidated Balance Sheets, and the related lease liabilities are reported in “Accounts payable, accrued liabilities and other liabilities.” All leases are recorded on the Consolidated Balance Sheets. Lease expense is recognized on a straight-line basis over the lease term and is recorded in “Occupancy and equipment” expense in the Consolidated Statements of Income. Servicing Rights . Servicing rights assets are recognized when such rights are retained upon sale of loans and are reported at fair value on the Consolidated Balance Sheets. The changes in fair value are reported in earnings in the period in which the changes occur and the adjustments are included in “Mortgage banking and servicing rights income,” a component of non-interest income in the Consolidated Statements of Income. Derivatives . Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into, in order to economically hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in “Mortgage banking income” on the Consolidated Statements of Income. The Company makes markets in interest rate swap and cap derivatives to facilitate customer demand. The Company enters into offsetting derivative transactions to offset its interest rate risk associated with this customer transaction activity. The Company acquired as part of the FDIC Loan Purchase certain customer-facing interest rate derivatives and related market-facing derivatives which offset the Company’s interest rate risk. For additional information on these derivatives see Note 2 — “Acquisitions” and Note 6 — “Derivatives.” Changes in the fair v

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS	ACQUISITIONS On August 23, 2023, the Company acquired approximately $52 million of marine floor financing loans at par value along with other assets for an additional $2 million, primarily consisting of servicing rights as well as certain employees. The transaction was accounted for as an asset acquisition and such assets are included in the Company’s Consolidated Balance Sheets as of June 30, 2024. On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios, comprising both PCD and non-PCD loans, with an aggregate unpaid principal balance of $1.3 billion at a fair value of $901.5 million, reflecting a non-credit-related discount of $306.8 million and an allowance for credit losses on PCD loans of $70.1 million, (the “FDIC Loan Purchase”). Also included in the acquisition were certain related interest rate derivative assets and liabilities with a fair value of $109.0 million and $104.4 million, respectively, as of the date of the acquisition and whose maturities generally align with those of the loans acquired. The acquisition of the non-PCD loans and interest rate derivatives was accounted for as a purchase of financial assets and liabilities, and the Company recognized a $92.4 million gain on the transaction included in “Gain on acquisition” in the Consolidated Statement of Income. For additional information on PCD loans, see Note 1 — “Organizations and Summary of Significant Accounting Policies,” and for additional information on the Company’s loans and derivative instruments, see Note 5 — “Loans & Allowance For Credit Losses” and Note 6 — “Derivatives,” respectively. The following table summarizes the PCD loans acquired in the FDIC Loan Purchase: (Dollars in thousands) Total Unpaid principal balance $ 341,301 Non-credit discount (100,686) Allowance for credit losses at acquisition (70,097) Purchase price $ 170,518

FAIR VALUE

FAIR VALUE	12 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. ASC Topic 820 describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the asset or liability. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models such as discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Classification in the hierarchy is based upon the lowest level of input that is significant to the fair value measurement of the asset or liability. The following section describes the valuation methodologies used by the Company to measure various financial instruments at fair value, including an indication of the level in the fair-value hierarchy in which each instrument is generally classified: Securities—trading and available-for-sale . Trading and available-for-sale securities are recorded at fair value. Available-for-sale securities consist of mortgage-backed securities (“MBS”) issued by U.S. government-backed, including Ginnie Mae, or government-sponsored enterprises including Fannie Mae and Freddie Mac (“agency”), MBS issued by non-agencies and municipal securities. Fair value for agency securities and municipal securities are generally based on quoted market prices of similar securities used to form a dealer quote or a pricing matrix. These securities are classified in Level 2. There continues to be significant illiquidity in the market for MBS issued by non-agencies, impacting the availability and reliability of transparent pricing. As orderly quoted market prices are not available, the Level 3 fair values for these securities are determined by the Company utilizing industry-standard tools to calculate the net present value of the expected cash flows available to the securities from the underlying mortgage assets. To determine the performance of the underlying mortgage loan pools, the Company estimates prepayments, defaults, and loss severities based on a number of macroeconomic factors, including housing price changes, unemployment rates, interest rates and borrower attributes such as credit score and loan documentation at the time of origination. The Company inputs for each security a projection of monthly default rates, loss severity rates and voluntary prepayment rates for the underlying mortgages for the remaining life of the security to determine the expected cash flows. The projections of default rates are derived by the Company from the historic default rate observed in the pool of loans collateralizing the security, increased by and decreased by the forecasted increase or decrease in the national unemployment rate. The projections of loss severity rates are derived by the Company from the historic loss severity rate observed in the pool of loans, increased by or decreased by the forecasted increase or decrease in the national home price index (“HPI”). The largest factors influencing the Company’s modeling of the monthly default rate are unemployment and the HPI, as a strong correlation exists. The most updated unemployment rate reported in June 2024 was 4.1%. Consensus estimates for unemployment are that the rate will increase. The Company agrees with consensus estimates and thus is projecting higher monthly default rates. The Company projects that severities will continue to improve as HPI improves. To determine the discount rates used to compute the present value of the expected cash flows for these non-agency MBS securities, the Company separates the securities by the borrower characteristics in the underlying pool. Specifically, “prime” securities generally have borrowers with higher FICO scores and better documentation of income. “Alt-A” securities generally have borrowers with a lower FICO and less documentation of income. “Pay-option ARMs” are Alt-A securities with borrowers that tend to pay the least amount of principal (or increase their loan balance through negative amortization). The Company calculates separate discount rates for prime, Alt-A and Pay-option ARM non-agency MBS securities using market-participant assumptions for risk, capital and return on equity. The default rates and the severities are projected for every non-agency MBS security held by the Company and will vary monthly based upon the actual performance of the security and the macroeconomic factors discussed above. Based upon the actual performance of the underlying collateral, the securities’ credit enhancement will be impacted. The Company applies its discount rates to the projected monthly cash flows, which already reflect the full impact of all forecasted losses using the assumptions described above. The Company’s estimate of fair value for non-agency securities using Level 3 pricing is highly subjective and is based on the Company’s estimate of voluntary prepayments, default rates, severities and discount margins, which are forecasted monthly over the remaining life of each security. Changes in one or more of these assumptions can cause a significant change in the estimated fair value. For further details see the table later in this note that summarizes quantitative information about level 3 fair value measurements. Loans Held for Sale . The fair value of loans held for sale is determined by pricing for comparable assets or by existing forward sales commitment prices with investors. Loans held for sale are classified as Level 2. Other Real Estate Owned and Repossessed Vehicles . Fair values are generally based on third party appraisals of the property, resulting in a Level 3 classification. In cases where the carrying amount exceeds the fair value, less costs to sell, a valuation allowance is recognized. Servicing Rights . Fair value is derived from market-driven valuation changes as well as modeled amortization involving the run-off of value that occurs due to the passage of time as individual loans are paid by borrowers. Market expectations about loan duration, and correspondingly the expected term of future servicing cash flows, may vary from time to time due to changes in expected prepayment activity, especially when interest rates rise or fall. Fair value is also dependent on the discount rate used in calculating present value, which is derived from observable market activity, market participants, and results in Level 3 classification. Management reviews and adjusts the discount rate and prepayment assumptions on an ongoing basis. Derivatives . The fair value of interest rate locks is estimated based on changes in to be announced (“TBA”) values which are based upon mortgage interest rates from the date the interest on the loan is locked, adjusted for items such as estimated fallout and costs to originate the loan. These are classified under level 2. The fair value of forward sale commitments is based upon prices in active secondary markets for identical securities or based on quoted market prices of similar assets used to form a dealer quote or a pricing matrix. If no such quoted price exists, the fair value of a commitment is determined by quoted prices for a similar commitment or commitments, adjusted for the specific attributes of each commitment. These are classified under level 2. The fair value of interest rate swaps and caps entered into to facilitate customer transaction activity is based upon observable market forward rate curves. These are classified under Level 2. FAIR VALUE - RECURRING BASIS The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: June 30, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 353 $ — $ 353 Available-for-sale securities: Agency MBS 1 27,259 — 27,259 Non-Agency MBS 2 — 110,928 110,928 Municipal 3,424 — 3,424 Total—Available-for-sale securities: $ 30,683 $ 110,928 $ 141,611 Loans held for sale $ 16,482 $ — $ 16,482 Servicing rights $ — $ 28,924 $ 28,924 Other assets—Derivative instruments 3 $ 106,796 $ — $ 106,796 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 102,949 $ — $ 102,949 June 30, 2023 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 758 $ — $ 758 Available-for-sale securities: Agency MBS 1 23,947 — 23,947 Non-Agency MBS 2 — 205,005 205,005 Municipal 3,398 — 3,398 Total—Available-for-sale securities: $ 27,345 $ 205,005 $ 232,350 Loans held for sale $ 23,203 $ — $ 23,203 Servicing rights $ — $ 25,443 $ 25,443 Other assets—Derivative instruments $ 919 $ — $ 919 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 691 $ — $ 691 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option adjustable rate mortgages (“ARMs”). 3 Gross derivative assets as of June 30, 2024 are presented gross of $85.2 million of variation margin on centrally-cleared derivatives. The following tables present additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Fiscal Year Ended June 30, 2024 (Dollars in thousands) Available-for-Sale Securities: Servicing Rights 1 Total Opening Balance $ 205,005 $ 25,443 $ 230,448 Transfers into Level 3 — — — Transfers out of Level 3 — — — Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — 739 739 Included in other comprehensive income 5,535 — 5,535 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 2,742 2,742 Issues — — — Sales — — — Settlements (99,612) — (99,612) Closing balance $ 110,928 $ 28,924 $ 139,852 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 739 $ 739 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $1.2 million for the fiscal year ended June 30, 2024 and a decrease in servicing rights value resulting from market-driven changes in interest rates of $1.9 million for the fiscal year ended June 30, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. Fiscal Year Ended June 30, 2023 (Dollars in thousands) Available-for-Sale Securities: Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Transfers into Level 3 — — — — Transfers out of Level 3 — — (464) (464) Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (634) — (634) Included in other comprehensive income (4,464) — — (4,464) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 864 — 30,864 Issues — — — — Sales — — — — Settlements (7,345) — — (7,345) Closing balance $ 205,005 $ 25,443 $ — $ 230,448 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (634) $ — $ (634) 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.9 million for the fiscal year ended June 30, 2023 and an increase in servicing rights value resulting from market-driven changes in interest rates of $0.3 million for the fiscalyear ended June 30, 2023. Additions to servicing rights were retained upon sale of loans held for sale. The table below summarizes the quantitative information about Level 3 fair value measurements: June 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Securities – Non-agency MBS $ 110,928 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps, Credit Enhancement 0.0 to 72.1% (38.0%) 0.0 to 13.7% (2.8%) 0.0 to 68.9% (32.9%) 2.5 to 4.9% (2.5%) 0.0 to 64.9% (22.8%) Servicing Rights $ 28,924 Discounted Cash Flow Projected Constant Prepayment Rate, 5.5 to 95.2% (11.8%) 0.4 to 14.9 (7.9) 9.5 to 11.2% (9.8%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Securities – Non-agency MBS $ 205,005 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over LIBOR, Credit Enhancement 0.0 to 59.7% (32.0%) 0.0 to 7.5% (2.4%) 0.0 to 68.7% (28.5%) 2.6 to 7.5% (2.7%) 0.0 to 93.9% (20.9%) Servicing Rights $ 25,443 Discounted Cash Flow Projected Constant Prepayment Rate, 6.1 to 40.1% (12.6%) 1.8 to 10.9 (7.7) 9.5 to 11.5% (9.6%) 1 The weighted average for Securities - Non-agency MBS is based on the relative fair value of the securities and for Servicing Rights is based on the relative unpaid principal of the loans being serviced. For mortgage-backed securities, significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for the projected loss severity and a directionally opposite change in the assumption used for projected prepayment rates. For servicing rights, significant increases in projected prepayment rates or discount rates in isolation would result in a significantly lower fair value measurement, while a significant increase in expected life in isolation would result in a significantly higher fair value measurement. Generally, a change in the projected prepayment rates is accompanied by a directionally opposite change in expected life. The aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest) and unrealized gain were: At June 30, (Dollars in thousands) 2024 2023 Aggregate fair value $ 16,482 $ 23,203 Contractual balance 15,966 22,844 Unrealized gain $ 516 $ 359 The total interest income and amount of gains and losses from changes in fair value included in earnings for loans held for sale were: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Interest income $ 769 $ 415 $ 739 Change in fair value 122 57 (2,474) Total $ 891 $ 472 $ (1,735) The table below summarizes assets measured at fair value on a non-recurring basis: June 30, 2024 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 1,840 $ 1,840 Autos — — 610 610 Total $ — $ — $ 2,450 $ 2,450 June 30, 2023 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 5,574 $ 5,574 Multifamily real estate — — 1,392 1,392 Autos — — 1,133 1,133 Total $ — $ — $ 8,099 $ 8,099 Other real estate owned and foreclosed assets, which are measured at the lower of carrying value or fair value less costs to sell, had a net carrying amount of $2.5 million at June 30, 2024 after valuation reductions of $2.2 million during the fiscal year ended June 30, 2024. Our other real estate owned and foreclosed assets had a net carrying amount of $8.1 million at June 30, 2023 after valuation reductions of $1.7 million during the fiscal year ended June 30, 2023. The following table presents quantitative information about Level 3 fair value measurements for other real estate owned measured at fair value on a non-recurring basis: June 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 1,840 Sales comparison approach Differences between the comparable sales 77.0% to 98.2% (80.2%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 5,574 Sales comparison approach Differences between the comparable sales 62.1 to 93.6% (62.1%) Multifamily real estate $ 1,392 Sales comparison approach and income approach Differences between the comparable sales and differences in net operating income expectations, capitalization rate 49.8 to 54.5% (49.8%) 1 For other real estate owned the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the asset being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. The weighted average is based on the relative fair value of comparable sales. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amount and estimated fair values of financial instruments were as follows: June 30, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,185,776 $ 2,185,776 $ — $ — $ 2,185,776 Trading securities 353 — 353 — 353 Available-for-sale securities 141,611 — 30,683 110,928 141,611 Stock of regulatory agencies 21,957 — 21,957 — 21,957 Loans held for sale, at fair value 16,482 — 16,482 — 16,482 Loans held for investment—net 19,231,385 — — 19,209,442 19,209,442 Securities borrowed 67,212 — — 71,480 71,480 Customer, broker-dealer and clearing receivables 240,028 — — 249,317 249,317 Servicing rights 28,924 — — 28,924 28,924 Other assets - derivative instruments 1 106,796 — 106,796 — 106,796 Financial liabilities: Total deposits 19,359,217 — 19,217,281 — 19,217,281 Advances from the Federal Home Loan Bank 90,000 — 84,201 — 84,201 Borrowings, subordinated notes and debentures 325,679 — 302,487 — 302,487 Securities loaned 74,177 — — 74,021 74,021 Customer, broker-dealer and clearing payables 301,127 — — 301,127 301,127 Accounts payable and other liabilities - derivative instruments 102,949 — 102,949 — 102,949 1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives. June 30, 2023 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,382,086 $ 2,382,086 $ — $ — $ 2,382,086 Trading securities 758 — 758 — 758 Available-for-sale securities 232,350 — 27,345 205,005 232,350 Stock of regulatory agencies 21,510 — 21,510 — 21,510 Loans held for sale, at fair value 23,203 — 23,203 — 23,203 Loans held for sale, at lower of cost or fair value 776 — — 780 780 Loans held for investment—net 16,456,728 — — 16,417,183 16,417,183 Securities borrowed 134,339 — — 143,461 143,461 Customer, broker-dealer and clearing receivables 374,074 — — 386,082 386,082 Servicing rights 25,443 — — 25,443 25,443 Other assets - derivative instruments 919 — 919 — 919 Financial liabilities: Total deposits 17,123,108 — 17,064,084 — 17,064,084 Advances from the Federal Home Loan Bank 90,000 — 83,192 — 83,192 Borrowings, subordinated notes and debentures 361,779 — 327,564 — 327,564 Securities loaned 159,832 — — 159,416 159,416 Customer, broker-dealer and clearing payables 445,477 — — 445,447 445,447 Accounts payable and other liabilities - derivative instruments 691 — 691 — 691 The methods and assumptions, not previously presented, used to estimate fair value are described as follows: carrying amount is the estimated fair value for cash and cash equivalents, interest-bearing deposits, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans, deposits, borrowings or subordinated debt and for variable rate loans, deposits, borrowings or subordinated debt with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. A discussion of the methods of valuing trading securities, available-for-sale securities and loans held for sale can be found earlier in this footnote. The fair value of off-balance sheet items is not considered material.

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES	12 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
AVAILABLE-FOR-SALE SECURITIES	AVAILABLE-FOR-SALE SECURITIES The amortized cost and fair value of available-for-sale securities were: June 30, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 29,835 $ 83 $ (2,659) $ 27,259 Non-agency 2 110,658 838 (568) 110,928 Total mortgage-backed securities 140,493 921 (3,227) 138,187 Municipal 3,788 — (364) 3,424 Total available-for-sale securities $ 144,281 $ 921 $ (3,591) $ 141,611 June 30, 2023 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 27,024 $ — $ (3,077) $ 23,947 Non-agency 2 210,271 711 (5,977) 205,005 Total mortgage-backed securities 237,295 711 (9,054) 228,952 Municipal 3,656 — (258) 3,398 Total available-for-sale securities $ 240,951 $ 711 $ (9,312) $ 232,350 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by prime, Alt-A or pay-option ARM mortgages. The Company evaluates available-for-sale securities in an unrealized loss position based on an analysis of a number of factors, including, but not limited to: (1) the credit characteristics of the securities, such as the forecasted cash flows, credit ratings, credit enhancement, and government agency or government sponsored enterprise backing, as applicable, and (2) whether the Company intends to sell or will be required to sell any of the securities before recovering the amortized cost basis. Based on its analysis, the Company determined the unrealized losses on available-for-sale securities are primarily driven by the increase in interest rates since the securities were purchased and, accordingly, no credit losses were recognized on AFS securities for the fiscal years ended June 30, 2024, 2023 and 2022 and there was no amount in the allowance for credit losses for available-for-sale securities at June 30, 2024 and June 30, 2023. The face amounts of available-for-sale securities pledged to secure borrowings at June 30, 2024 and June 30, 2023 were $0.8 million and $0.9 million, respectively. During the fiscal years ended June 30, 2024 and 2023, there were no sales of securities. Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were: June 30, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 2,644 $ (31) $ 19,298 $ (2,628) $ 21,942 $ (2,659) Non-agency 15 — 78,364 (568) 78,379 (568) Total MBS 2,659 (31) 97,662 (3,196) 100,321 (3,227) Municipal — — 3,424 (364) 3,424 (364) Total available-for-sale securities $ 2,659 $ (31) $ 101,086 $ (3,560) $ 103,745 $ (3,591) June 30, 2023 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 3,182 $ (16) $ 20,642 $ (3,061) $ 23,824 $ (3,077) Non-agency 107,982 (1,808) 95,385 (4,169) 203,367 (5,977) Total MBS 111,164 (1,824) 116,027 (7,230) 227,191 (9,054) Municipal — — 3,398 (258) 3,398 (258) Total available-for-sale securities $ 111,164 $ (1,824) $ 119,425 $ (7,488) $ 230,589 $ (9,312) The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our non-MBS, which is based on the contractual maturity: As of June 30, 2024 (Dollars in thousands) Total Amount Due Within One Year Due after One but within Five Years Due after Five but within Ten Years Due After Ten Years MBS: Agency $ 29,835 $ 7,122 $ 13,862 $ 6,682 $ 2,169 Non-Agency 110,658 103,991 4,665 1,407 595 Total MBS $ 140,493 $ 111,113 $ 18,527 $ 8,089 $ 2,764 Municipal 3,788 — — — 3,788 Available-for-sale—Amortized cost $ 144,281 $ 111,113 $ 18,527 $ 8,089 $ 6,552 Available-for-sale—Fair value $ 141,611 $ 110,283 $ 17,388 $ 7,636 $ 6,304

LOANS & ALLOWANCE FOR CREDIT LO

LOANS & ALLOWANCE FOR CREDIT LOSSES	12 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
LOANS & ALLOWANCE FOR CREDIT LOSSES	LOANS & ALLOWANCE FOR CREDIT LOSSES The Company categorizes the loan portfolio into five segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non-Real Estate, Auto & Consumer. For further detail of the segments of the Company’s loan portfolio, refer to Note 1 — “Organizations and Summary of Significant Accounting Policies.” The following table sets forth the composition of the loan portfolio: (Dollars in thousands) June 30, 2024 June 30, 2023 Single Family - Mortgage & Warehouse $ 4,178,832 $ 4,173,833 Multifamily and Commercial Mortgage 1 3,861,931 3,082,225 Commercial Real Estate 1 6,088,622 6,199,818 Commercial & Industrial - Non-RE 5,241,766 2,639,650 Auto & Consumer 431,660 556,500 Total gross loans 19,802,811 16,652,026 Allowance for credit losses - loans (260,542) (166,680) Unaccreted premiums (discounts) and loan fees (310,884) (28,618) Total net loans $ 19,231,385 $ 16,456,728 1 Includes PCD loans of $284 million in Multifamily and Commercial Mortgage and $44.5 million in Commercial Real Estate as of June 30, 2024. For further detail on PCD loans refer to Note 1—“Organizations and Summary of Significant Accounting Policies.” Accrued interest receivable At June 30, 2024 and 2023, the Company pledged certain loans totaling $4,942.8 million and $5,128.4 million, respectively, to the FHLB and $8,197.2 million and $3,689.5 million, respectively, to the Federal Reserve Bank of San Francisco (“FRBSF”). The following table presents the components of the provision for credit losses: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Provision for credit losses - loans $ 32,750 $ 24,750 $ 18,500 Provision for credit losses - unfunded lending commitments (250) (500) 5,250 Total provision for credit losses $ 32,500 $ 24,250 $ 23,750 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment: June 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,227 $ 166,680 Allowance for credit losses at acquisition of PCD loans — 58,997 11,125 — — 70,122 Provision (benefit) for credit losses - loans (489) (4,434) 3,900 29,769 4,004 32,750 Charge-offs (172) (640) — (84) (11,013) (11,909) Recoveries 101 — — — 2,798 2,899 Balance at June 30, 2024 $ 16,943 $ 70,771 $ 87,780 $ 76,032 $ 9,016 $ 260,542 June 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,145 $ 148,617 Provision (benefit) for credit losses - loans (2,302) 2,193 3,416 15,521 5,922 24,750 Charge-offs (314) — — — (9,142) (9,456) Recoveries 449 — — 18 2,302 2,769 Balance at June 30, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,227 $ 166,680 June 30, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,820 $ 132,958 Provision (benefit) for credit losses - loans (7,009) 1,332 11,411 2,544 10,222 18,500 Charge-offs (82) — — (322) (4,024) (4,428) Recoveries 157 177 — 126 1,127 1,587 Balance at June 30, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,145 $ 148,617 The allowance for credit losses increased primarily due to loan growth in the Commercial & Industrial-Non-RE, reflecting higher balances in capital call facilities, and due to the Multifamily and Commercial Mortgage and Commercial Real Estate loans acquired in the FDIC Loan Purchase. While charge-offs in the Auto & Consumer portfolio increased in the fiscal year ended June 30, 2024, compared to the fiscal year ended June 30, 2023, auto originations were lower in the current year and the portfolio balance is declining. L oan products within each portfolio contain varying collateral types which impact the estimate of the loss given default utilized in the calculation of the allowance. For further discussion of the model method of estimating expected lifetime credit losses see Note 1 — “Organizations and Summary of Significant Accounting Policies.” The following tables present a summary of the activity in the unfunded loan commitment liabilities for the periods indicated: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 BALANCE—beginning of year $ 10,473 $ 10,973 $ 5,723 Provision (Benefit) (250) (500) 5,250 BALANCE—end of year $ 10,223 $ 10,473 $ 10,973 The following table presents LTVs for the Company’s real estate loans outstanding as of June 30, 2024: Total Real Estate Loans Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Weighted-Average LTV 48.9 % 56.7 % 55.5 % 40.5 % Median LTV 54.0 % 56.0 % 50.0 % 43.0 % The Company’s effective weighted-average LTV was 49.7% for loans within its real estate portfolio originated during the fiscal year ended June 30, 2024. Credit Quality Disclosure . The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment: June 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,133,121 $ 3,826,877 $ 6,062,520 $ 5,237,746 $ 429,188 $ 19,689,452 Nonaccrual 45,711 35,054 26,102 4,020 2,472 113,359 Total $ 4,178,832 $ 3,861,931 $ 6,088,622 $ 5,241,766 $ 431,660 $ 19,802,811 Nonaccrual loans to total loans 0.57 % June 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,143,119 $ 3,047,122 $ 6,184,966 $ 2,636,661 $ 552,998 $ 16,564,866 Nonaccrual 30,714 35,103 14,852 2,989 $ 3,502 87,160 Total $ 4,173,833 $ 3,082,225 $ 6,199,818 $ 2,639,650 $ 556,500 $ 16,652,026 Nonaccrual loans to total loans 0.52 % There were no nonaccrual loans without an allowance for credit losses as of June 30, 2024 and 2023. There was no interest income recognized on nonaccrual loans in the fiscal year ended June 30, 2024 and 2023. Credit Quality Indicators . The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass . Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date after considering the obligor’s current net worth and paying capacity and the underlying collateral value less cost to acquire and sell in a timely manner. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards. The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of gross charge-offs: June 30, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Single Family-Mortgage & Warehouse Pass $ 491,822 $ 590,060 $ 1,200,230 $ 487,132 $ 291,047 $ 720,049 $ 256,778 $ 4,037,118 Special Mention 31,000 — 24,489 665 6,591 26,873 — 89,618 Substandard — 283 6,728 — 14,720 30,365 — 52,096 Doubtful — — — — — — — — Total 522,822 590,343 1,231,447 487,797 312,358 777,287 256,778 4,178,832 Gross charge-offs — — — — — 172 — 172 Multifamily and Commercial Mortgage Pass 36,058 700,163 994,004 595,299 510,341 811,184 — 3,647,049 Special Mention — 29,325 46,194 17,478 9,011 10,277 — 112,285 Substandard — 13,489 12,509 15,507 41,013 20,079 — 102,597 Doubtful — — — — — — — — Total 36,058 742,977 1,052,707 628,284 560,365 841,540 — 3,861,931 Gross charge-offs — — — — 640 — — 640 Commercial Real Estate Pass 1,952,001 1,419,399 1,456,643 221,061 7,741 53,000 866,686 5,976,531 Special Mention — — 27,452 — — — — 27,452 Substandard — 5,600 43,700 5,000 — 30,339 — 84,639 Doubtful — — — — — — — — Total 1,952,001 1,424,999 1,527,795 226,061 7,741 83,339 866,686 6,088,622 Gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 991,497 458,454 238,397 44,923 10,422 12,867 3,295,425 5,051,985 Special Mention — 1,613 731 1,818 — — 5,349 9,511 Substandard — 34,433 122,729 1,031 — 2,988 19,089 180,270 Doubtful — — — — — — — — Total 991,497 494,500 361,857 47,772 10,422 15,855 3,319,863 5,241,766 Gross charge-offs — — — — — 84 — 84 Auto & Consumer Pass 65,766 114,615 177,043 43,287 13,402 14,056 — 428,169 Special Mention 33 213 422 176 — 61 — 905 Substandard 142 547 1,264 410 114 109 — 2,586 Doubtful — — — — — — — — Total 65,941 115,375 178,729 43,873 13,516 14,226 — 431,660 Gross charge-offs 202 3,471 5,212 1,556 303 269 — 11,013 Total Pass 3,537,144 3,282,691 4,066,317 1,391,702 832,953 1,611,156 4,418,889 19,140,852 Special Mention 31,033 31,151 99,288 20,137 15,602 37,211 5,349 239,771 Substandard 142 54,352 186,930 21,948 55,847 83,880 19,089 422,188 Doubtful — — — — — — — — Total $ 3,568,319 $ 3,368,194 $ 4,352,535 $ 1,433,787 $ 904,402 $ 1,732,247 $ 4,443,327 $ 19,802,811 As a % of total gross loans 18.0% 17.0% 22.0% 7.2% 4.6% 8.8% 22.4% 100.0% Total gross charge-offs $ 202 $ 3,471 $ 5,212 $ 1,556 $ 943 $ 525 $ — $ 11,909 June 30, 2023 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 730,498 $ 1,346,804 $ 522,873 $ 324,458 $ 255,547 $ 639,401 $ 243,175 $ 4,062,756 Special Mention — 7,280 7,026 8,303 12,942 18,244 6,614 60,409 Substandard — 5,188 4,686 14,384 2,024 24,386 — 50,668 Doubtful — — — — — — — — Total 730,498 1,359,272 534,585 347,145 270,513 682,031 249,789 4,173,833 Multifamily and Commercial Mortgage Pass 558,787 975,186 498,744 314,383 224,592 404,222 — 2,975,914 Special Mention — 9,691 4,636 1,360 7,705 — — 23,392 Substandard — 3,145 5,686 38,857 6,181 29,050 — 82,919 Doubtful — — — — — — — — Total 558,787 988,022 509,066 354,600 238,478 433,272 — 3,082,225 Commercial Real Estate Pass 1,867,476 2,323,095 631,500 87,059 117,928 — 960,024 5,987,082 Special Mention 29,000 43,427 — 8,457 800 15,062 — 96,746 Substandard — 29,200 37,951 18,500 15,487 14,852 — 115,990 Doubtful — — — — — — — — Total 1,896,476 2,395,722 669,451 114,016 134,215 29,914 960,024 6,199,818 Commercial & Industrial - Non-RE Pass 488,120 358,214 29,777 14,794 2,098 — 1,707,619 2,600,622 Special Mention — 8,221 — 11,413 — — 600 20,234 Substandard — 17,762 1,032 — — — — 18,794 Doubtful — — — — — — — — Total 488,120 384,197 30,809 26,207 2,098 — 1,708,219 2,639,650 Auto & Consumer Pass 167,552 256,154 71,529 24,906 19,897 11,093 — 551,131 Special Mention 423 632 453 60 14 6 — 1,588 Substandard 350 2,785 278 133 162 73 — 3,781 Doubtful — — — — — — — — Total 168,325 259,571 72,260 25,099 20,073 11,172 — 556,500 Total Pass 3,812,433 5,259,453 1,754,423 765,600 620,062 1,054,716 2,910,818 16,177,505 Special Mention 29,423 69,251 12,115 29,593 21,461 33,312 7,214 202,369 Substandard 350 58,080 49,633 71,874 23,854 68,361 — 272,152 Doubtful — — — — — — — — Total $ 3,842,206 $ 5,386,784 $ 1,816,171 $ 867,067 $ 665,377 $ 1,156,389 $ 2,918,032 $ 16,652,026 As a % of total gross loans 23.1% 32.4% 10.9% 5.2% 4.0% 6.9% 17.5% 100.0% The following tables provide the aging of loans by portfolio segment: June 30, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,070,186 $ 46,387 $ 18,401 $ 43,858 $ 4,178,832 Multifamily and Commercial Mortgage 3,795,387 13,074 8,554 44,916 3,861,931 Commercial Real Estate 6,024,470 — 25,950 38,202 6,088,622 Commercial & Industrial - Non-RE 5,240,734 — — 1,032 5,241,766 Auto & Consumer 424,555 4,644 996 1,465 431,660 Total $ 19,555,332 $ 64,105 $ 53,901 $ 129,473 $ 19,802,811 As a % of total gross loans 98.75 % 0.33 % 0.27 % 0.65 % 100.00 % June 30, 2023 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,102,150 $ 20,832 $ 7,971 $ 42,880 $ 4,173,833 Multifamily and Commercial Mortgage 3,048,217 2,705 1,124 30,179 3,082,225 Commercial Real Estate 6,173,716 11,250 — 14,852 6,199,818 Commercial & Industrial - Non-RE 2,639,650 — — — 2,639,650 Auto & Consumer 545,205 6,597 1,708 2,990 556,500 Total $ 16,508,938 $ 41,384 $ 10,803 $ 90,901 $ 16,652,026 As a % of total gross loans 99.14 % 0.25 % 0.06 % 0.55 % 100.00 % Loans reaching 90+ days past due are generally placed on nonaccrual. As of June 30, 2024 and 2023, there were loans of $20.2 million and $14.1 million, respectively, over 90 days past due and still accruing interest as the Company expects to collect the principal and interest amounts due and such amounts are in the process of collection. Single family mortgage loans in process of foreclosure were $20.1 million and $17.7 million as of June 30, 2024 and 2023, respectively. Credit Risk Concentration Concentrations of credit risk arise when a number of borrowers are engaged in similar business activities in the same geographic region, or when they have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. Concentrations of 10% or more existed in the Single Family, Multifamily and Commercial Real Estate loan categories at June 30, 2024 and June 30, 2023. At June 30, 2024, California accounted for 69.3% and New York accounted for 11.7% of loans in the Single Family loan category. California accounted for 49.6% and New York accounted for 38.9% of loans in the Multifamily loan category. New York accounted for 34.2% and Florida accounted for 10.4% of loans in the Commercial Real Estate loan category. At June 30, 2023, California accounted for 71.4% and New York accounted for 11.0% of loans in the Single Family loan category. California accounted for 69.1% and New York accounted for 19.7% of loans in the Multifamily loan category. New York accounted for 37.5% and Florida accounted for 10.5% of loans in the Commercial Real Estate loan category. Related Party Loans In the ordinary course of business, the Company has granted related party loans collateralized by real property to certain executive officers, directors and their affiliates, which is summarized in the following table: At or for the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 Outstanding loan balance $ 29,673 $ 29,181 Loans originated and funded $ 1,044 $ 5,052 Principal repayments $ 552 $ 1,444 Loan Modifications to Borrowers Experiencing Financial Difficulty. The Company may grant certain modifications of loans to borrowers experiencing financial difficulty, which effective following the adoption of ASU 2022-02, are reported as financial difficulty modifications (“FDMs”). The Company’s modification programs provide various modifications to borrowers experiencing financial difficulty, which may include interest rate reductions, term extensions, payment delays and/or principal forgiveness. FDMs during the fiscal year ended June 30, 2024 were not significant. Prior to adoption of ASU 2022-02, the Company accounted for certain modifications as troubled debt restructurings (“TDRs”). Approximately 1.77% of our nonaccrual loans were considered TDRs at June 30, 2023. Borrowers that made timely payments after TDRs were considered non-performing for at least six months. Generally, after six months of timely payments, those TDRs were reclassified from the nonaccrual loan category to the performing loan category and any previously deferred interest income was recognized. The Company had no TDRs classified as performing loans at June 30, 2023.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES The following table presents the fair values and notional amounts of the Company’s derivative instruments. While the notional amounts give an indication of the volume of the Company’s derivatives activity, the notional amounts significantly exceed, in the Company’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged, rather it is a reference amount used to calculate payments. Interest Rate Contracts (Dollars in thousands) As of June 30, 2024 As of June 30, 2023 Other Assets — Derivative Assets — Fair Value 1 $ 106,796 $ 919 Accounts Payable and Other Liabilities — Derivative Liabilities — Fair Value $ 102,949 $ 691 Derivative Assets — Notional $ 1,227,742 $ 231,709 Derivative Liabilities — Notional $ 1,208,132 $ 204,522 1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives. The following table presents the gains (losses) related to the Company’s derivative instrument activity recognized in the Consolidated Statements of Income: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Banking and service fees $ 470 $ 803 $ — Mortgage banking and servicing rights income $ 782 $ 916 $ 3,129

OFFSETTING OF DERIVATIVES AND S

OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS	12 Months Ended
	Jun. 30, 2024
Offsetting [Abstract]
OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS	OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS The Company enters into derivatives transactions as part of its mortgage banking activities, makes markets in interest rate swap and cap derivatives to facilitate customer demand, and enters into securities borrowed and securities loaned transactions to facilitate customer match-book activity, cover short positions and support customer securities lending. The Company manages credit exposure from certain of these transactions by entering into master netting agreements. The relevant agreements allow for the efficient closeout of transactions, liquidation and set-off of collateral against the net amount owed by the counterparty following a default. Default events generally include failure to pay, insolvency or bankruptcy of a counterparty. The following tables present information about the offsetting of these instruments and related collateral amounts: June 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Cash Collateral Net Assets / Liabilities Assets: Securities borrowed $ 67,212 $ — $ 67,212 $ 67,212 $ — $ — Other Assets — Derivative Assets 1 106,796 — 106,796 414 18,110 88,272 Liabilities: Securities loaned $ 74,177 $ — $ 74,177 $ 74,177 $ — $ — Accounts Payable and Other Liabilities — Derivative Liabilities 102,949 — 102,949 414 — 102,535 June 30, 2023 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 134,339 $ — $ 134,339 $ 134,339 $ — Other Assets — Derivative Assets 919 — 919 — 919 Liabilities: Securities loaned $ 159,832 $ — $ 159,832 $ 159,832 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 691 691 691 1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives. The securities loaned transactions represent equities with an overnight and open maturity classification as of both periods presented.

CUSTOMER, BROKER-DEALER AND CLE

CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES	12 Months Ended
	Jun. 30, 2024
Broker-Dealer [Abstract]
CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES	CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES Customer, broker-dealer and clearing receivables and payables consisted of the following: At June 30, (Dollars in thousands) 2024 2023 Receivables: Customers $ 220,243 $ 309,308 Broker-dealer and clearing organizations: Receivable from broker-dealers 17,885 57,735 Securities failed to deliver 1,900 7,031 Total customer, broker-dealer and clearing receivables $ 240,028 $ 374,074 Payables: Customers $ 280,620 $ 382,689 Broker-dealer and clearing organizations: Payable to broker-dealers 18,112 58,758 Securities failed to receive 2,395 4,030 Total customer, broker-dealer and clearing payables $ 301,127 $ 445,477

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Jun. 30, 2024
Other Assets [Abstract]
OTHER ASSETS	OTHER ASSETS Other Assets in the Consolidated Balance Sheets primarily comprises bank-owned life insurance, accrued interest receivable, derivatives, net deferred income tax assets, furniture, equipment and software, right-of-use lease assets, LIHTC investments and other receivables. For additional information on accrued interest receivable, see Note 5 - “Loans & Allowance for Credit Losses,” for additional information on derivatives, see Note 6 - “Derivatives” and for additional information on net deferred income tax assets, see Note 14 - “Income Taxes.” Other components of Other Assets are further detailed below. Bank-owned Life Insurance. The following table summarizes the activity in the Company’s bank-owned life insurance (“BOLI”). Income related to bank-owned life insurance is included in “Banking and service fees” in the Consolidated Statements of Income. (Dollars in thousands) BOLI Balance as of June 30, 2021 $ 56,555 Additions 100,000 Change in contract value 4,220 Balance as of June 30, 2022 $ 160,775 Death benefits (1,805) Change in contract value 4,444 Balance as of June 30, 2023 $ 163,414 Change in contract value 5,360 Balance as of June 30, 2024 $ 168,774 Furniture, equipment and software. A summary of the cost and accumulated depreciation and amortization for leasehold improvements, furniture, equipment and software is as follows: At June 30, (Dollars in thousands) 2024 2023 Software $ 134,311 $ 105,687 Computer hardware and equipment 32,195 26,685 Furniture and fixtures 11,788 10,689 Leasehold improvements 6,281 5,963 Total $ 184,575 $ 149,024 Less accumulated depreciation and amortization (111,956) (95,660) Furniture, equipment and software—net $ 72,619 $ 53,364 Depreciation and amortization expense related to leasehold improvements, furniture, equipment and software for the fiscal years ended June 30, 2024, 2023 and 2022 was $16.2 million, $12.2 million and $13.1 million, respectively. Operating Leases. The Company leases office space under operating lease agreements scheduled to expire at various dates. Operating lease expense for the fiscal years ended June 30, 2024, 2023 and 2022 was $12.4 million, $11.4 million, and $10.8 million, respectively. Supplemental information related to the Company’s operating leases is as follows: At June 30, (Dollars in thousands) 2024 2023 Right-of-use assets $ 59,989 $ 63,565 Lease liabilities $ 65,923 69,630 Weighted-average remaining lease term 5.66 years 6.57 years Weighted-average discount rate 3.09 % 3.00 % Supplemental cash flow information related to leases is as follows: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities for operating leases—operating cash flows $ 11,821 $ 10,658 $ 9,888 The following table represents maturities of lease liabilities: (Dollars in thousands) June 30, 2024 Within one year $ 12,746 After one year and within two years 12,464 After two years and within three years 12,591 After three years and within four years 11,341 After four years within five years 10,465 After five years 12,135 Total lease payments 71,742 Less: amount representing interest (5,819) Total lease liability $ 65,923 As of June 30, 2024, the Company is in compliance with all covenants contained in lease agreements. LIHTC Investments. The Company recognized the following income and tax benefits for its LIHTC investments. For the fiscal year ended June 30, (Dollars in thousands) 2024 2023 Tax credits recognized $ 3,394 $ 2,780 Other tax benefits recognized 1,466 759 Amortization (3,574) (2,697) Net benefit (expense) included in income tax expense 1,286 842 Other income (loss) included in banking and service fees 2 5 Net benefit (expense) included in the Consolidated Statements of Income $ 1,288 $ 847 The Company recognized the following investments on its balance sheets. For the fiscal year ended June 30, (Dollars in thousands) 2024 2023 LIHTC investments $ 65,873 $ 33,284 LIHTC unfunded commitments 1 $ 40,617 $ 13,514 1 LIHTC unfunded commitments are included in “Accounts Payable and Other Liabilities” on the Consolidated Balance Sheets. For the fiscal years ended June 30, 2024 and 2023, there have been no significant modifications or events that resulted in the change in the nature of the LIHTC investments or any changes in the relationship with the underlying project. For the fiscal years ended June 30, 2024 and 2023, there has been no impairment loss recognized from the forfeiture or ineligibility of income tax credits.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated: (Dollars in thousands) Total Balance as of June 30, 2022 $ 95,674 Goodwill from acquisitions 1,999 Balance as of June 30, 2023 97,673 Goodwill from acquisitions — Balance as of June 30, 2024 $ 97,673 There was no goodwill impairment identified for the fiscal years ended June 30, 2024 and June 30, 2023. The Company’s acquired intangible assets are summarized as follows as of the dates indicated: June 30, 2024 June 30, 2023 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Covenant not to compete $ 1,387 $ 1,258 $ 129 $ 1,380 $ 1,149 $ 231 Customer relationships 50,810 18,453 32,357 50,810 14,598 36,212 Customer deposit intangible 13,545 10,569 2,976 13,545 9,235 4,310 Developed technologies 34,650 26,833 7,817 34,650 21,405 13,245 Trademark 378 — 378 378 — 378 Trade name 950 637 313 700 600 100 Workforce 206 79 127 — — — Total intangible assets $ 101,926 $ 57,829 $ 44,097 $ 101,463 $ 46,987 $ 54,476 The amortization expense for intangible assets that are subject to amortization was $10.8 million and $11.2 million for the fiscal years ended June 30, 2024 and 2023, respectively. Each intangible asset subject to amortization is amortized using the straight-line method over the estimated useful life of the asset. Trademark is an indefinite life intangible. Estimated future amortization expense related to finite-lived intangible assets at June 30, 2024 is as follows: (Dollars in thousands) Amortization Expense For the fiscal year ending June 30, 2025 $ 7,408 2026 6,364 2027 6,027 2028 4,935 2029 3,306

DEPOSITS

DEPOSITS	12 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
DEPOSITS	DEPOSITS The following table sets forth the composition of the deposit portfolio: June 30, 2024 June 30, 2023 (Dollars in thousands) Amount Rate 1 Amount Rate 1 Non-interest-bearing $ 2,975,631 — % $ 2,898,150 — % Interest-bearing: Demand 2,485,325 2.42 % 3,334,615 2.43 % Savings 12,960,165 4.58 % 9,575,781 4.20 % Total interest-bearing demand and savings 15,445,490 4.23 % 12,910,396 3.74 % Time deposits: $250 and under 567,192 4.34 % 932,436 3.72 % Greater than $250 370,904 4.76 % 382,126 4.36 % Total time deposits 938,096 4.51 % 1,314,562 3.91 % Total interest-bearing 16,383,586 4.24 % 14,224,958 3.76 % Total deposits 2 $ 19,359,217 3.59 % $ 17,123,108 3.12 % 1 Based on weighted-average stated interest rates at end of period. 2 Total deposits includes brokered deposits of $1,611.6 million and $2,028.5 million as of June 30, 2024 and June 30, 2023, respectively, of which $400.0 million and $690.9 million, respectively, are time deposits classified as $250,000 and under . Scheduled maturities of time deposits are as follows: (Dollars in thousands) June 30, 2024 Within 12 months $ 912,828 13 to 24 months 13,892 25 to 36 months 4,046 37 to 48 months 5,599 49 to 60 months 1,731 Total $ 938,096 At June 30, 2024 and 2023, the Company had deposits from executive officers and directors in the amount of $5.4 million and $5.6 million, respectively.

ADVANCES FROM THE FEDERAL HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK	12 Months Ended
	Jun. 30, 2024
Advance from Federal Home Loan Bank [Abstract]
ADVANCES FROM THE FEDERAL HOME LOAN BANK	ADVANCES FROM THE FEDERAL HOME LOAN BANK At June 30, 2024 and 2023, the Company’s fixed-rate FHLB advances had interest rates that ranged from 2.07% to 2.82% with a weighted average of 2.32% and ranged from 2.07% to 2.82% with a weighted average of 2.32%, respectively. Maturities and weighted-average rates of fixed-rate advances from FHLB are as follows: At June 30, 2024 2023 (Dollars in thousands) Amount Weighted- Amount Weighted- Within one year $ 30,000 2.82 % $ — — % After one but within two years — — % 30,000 2.82 % After two but within three years — — % — — % After three but within four years — — % — — % After four but within five years — — % — — % After five years 60,000 2.07 % 60,000 2.07 % Total $ 90,000 2.32 % $ 90,000 2.32 % Advances from the FHLB were collateralized by the Company’s pledge of certain loans and available-for-sale securities to the FHLB, and by the Company’s investment in capital stock of the FHLB of San Francisco. Generally, each advance carries a prepayment penalty and is payable in full at its maturity date. At June 30, 2024, the Company had $3,012.6 million available immediately and $4,229.1 million available with additional collateral for advances from the FHLB for terms up to ten years.

BORROWINGS, SUBORDINATED NOTES

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	BORROWINGS, SUBORDINATED NOTES AND DEBENTURES The following table sets forth the composition of the borrowings, subordinated notes and debentures as of the dates indicated: (Dollars in thousands) June 30, 2024 June 30, 2023 Borrowings from other banks $ — $ 27,200 Subordinated loans 7,400 7,400 Subordinated notes 315,000 325,000 Junior subordinated debentures 5,155 5,155 Total borrowings, subordinated notes and debentures, gross of unamortized issuance costs 327,555 364,755 Less unamortized issuance costs (1,876) (2,976) Total borrowings, subordinated notes and debentures, net of unamortized issuance costs $ 325,679 $ 361,779 Maturities of borrowings, subordinated notes and debentures are as follows: (Dollars in thousands) June 30, 2024 Within one year $ 7,400 After one but within two years — After two but within three years — After three but within four years — After four but within five years — After five years 320,155 Total $ 327,555 Borrowings from other banks. Axos Clearing has a $150 million secured line of credit available for borrowing. As of June 30, 2024, there was no amount outstanding, and as of June 30, 2023 there was $11.5 million outstanding. This credit facility bears interest at rates based on the Federal Funds rate and is due upon demand. Axos Clearing has a $110 million unsecured line of credit available for limited purpose borrowing. As of June 30, 2024, there was no amount outstanding on this credit facility, and as of June 30, 2023 there was $15.7 million outstanding. This credit facility bears interest at rates based on the Federal Funds rate and is due upon demand. The unsecured line of credit requires Axos Clearing to operate in accordance of specific covenants surrounding capital and debt ratios. Axos Clearing was in compliance of all covenants as of June 30, 2024. Subordinated Loans . The Company issued subordinated notes totaling $7.5 million on January 28, 2019, to the principal stockholders of Cor Securities Holdings, Inc. (“COR Securities”) in an equal principal amount, with a maturity of 15 months, to serve as the sole source of payment of indemnification obligations of the principal stockholders of COR Securities under the applicable merger agreement. Interest accrues at a rate of 6.25% per annum. During the fiscal year ended June 30, 2019, $0.1 million of subordinated loans were repaid. The Company has made an indemnification claim against the $7.4 million remaining. Subordinated Notes . In September 2020, the Company completed the sale of $175 million aggregate principal amount of its 4.875% Fixed-to-Floating Rate Subordinated Notes due October 1, 2030 (the “2030 Notes”). The 2030 Notes mature on October 1, 2030 and accrue interest at a fixed rate per annum equal to 4.875%, payable semi-annually in arrears on April 1 and October 1 of each year, commencing on April 1, 2021. From and including October 1, 2025, to, but excluding October 1, 2030 or the date of early redemption, the 2030 Notes will bear interest at a floating rate per annum equal to three-month term SOFR plus a spread of 476 basis points, payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on January 2026. The 2030 Notes may be redeemed on or after October 1, 2025, which date may be extended at the Company’s discretion, at a redemption price equal to principal plus accrued and unpaid interest, subject to certain conditions. Fees and costs incurred in connection with the debt offering amortize to interest expense over the term of the 2030 Notes. In February 2022, the Company completed the sale of $150 million aggregate principal amount of its 4.00% Fixed-to-Floating Rate Subordinated Notes (the “2032 Notes”). The 2032 Notes are obligations only of Axos Financial, Inc. The 2032 Notes mature on March 1, 2032 and accrue interest at a fixed rate per annum equal to 4.00%, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2022. From and including March 1, 2027, to, but excluding March 1, 2032 or the date of early redemption, the 2032 Notes will bear interest at a floating rate per annum equal to three-month term SOFR plus a spread of 227 basis points, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, commencing on June 1, 2027. The 2032 Notes may be redeemed on or after March 1, 2027, which date may be extended at the Company’s discretion, at a redemption price equal to principal plus accrued and unpaid interest, subject to certain conditions. Fees and costs incurred in connection with the debt offering amortize to interest expense over the term of the 2032 Notes. On March 6, 2024, the Company paid $4.2 million to repurchase $5.0 million par value of its 2032 Notes resulting in a pre-tax non-cash gain on extinguishment of $0.7 million, after accounting for unamortized issuance costs and accrued interest. On April 6, 2024, the Company paid $4.8 million to repurchase $5.0 million par value of its 2032 Notes resulting in a pre-tax non-cash gain on extinguishment of $0.2 million, after accounting for unamortized issuance costs and accrued interest. The non-cash gains are recorded in “General and administrative expense” in the Consolidated Statement of Income for the fiscal year ended June 30, 2024. Junior Subordinated Debentures . On December 13, 2004, the Company entered into an agreement to form an unconsolidated trust which issued $5.0 million of trust preferred securities in a transaction that closed on December 16, 2004. The net proceeds from the offering were used to purchase $5.2 million of junior subordinated debentures (“Debentures”) of the Company with a stated maturity date of February 23, 2035. The Debentures are the sole assets of the trust. The trust preferred securities are mandatorily redeemable upon maturity, or upon earlier redemption as provided in the indenture. The Company has the right to redeem the Debentures in whole (but not in part) on or after specific dates, at a redemption price specified in the indenture plus any accrued but unpaid interest through the redemption date. Interest accrues at the rate of three-month term SOFR plus 0.26161% for a rate of 7.99% as of June 30, 2024, with interest paid quarterly. Other Available Borrowings. The Bank has the ability to borrow short-term from the FRBSF Discount Window. At June 30, 2024 and 2023, there were no amounts outstanding and the available borrowings from this source were $6,976.2 million and $2,747.1 million, respectively. The 2024 available borrowings were collateralized by certain loans. The Bank has additional unencumbered collateral that could be pledged to the FRBSF Discount Window to increase borrowing liquidity. As of June 30, 2024, the Bank has federal funds lines of credit with six major banks totaling $275.0 million. The Bank had no outstanding balances on its lines of credit as of June 30, 2024 or June 30, 2023.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes is as follows: At June 30, (Dollars in thousands) 2024 2023 2022 Current: Federal $ 98,814 $ 89,839 $ 64,800 State 53,525 54,326 43,843 152,339 144,165 108,643 Deferred: Federal 17,501 (13,084) (5,600) State 15,633 (6,502) (3,800) 33,134 (19,586) (9,400) Total $ 185,473 $ 124,579 $ 99,243 The differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: At June 30, 2024 2023 2022 Statutory federal tax rate 21.00 % 21.00 % 21.00 % Increase (decrease) resulting from: State taxes—net of federal tax benefit 8.90 % 9.04 % 9.13 % Tax credits (0.58) % (0.45) % (0.44) % Non-taxable income (0.08) % (0.03) % (0.09) % Excess benefit RSU vesting (0.42) % (0.41) % (1.31) % Other 0.37 % (0.30) % 0.90 % Effective tax rate 29.19 % 28.85 % 29.19 % The components of the net deferred tax asset are as follows: At June 30, (Dollars in thousands) 2024 2023 Deferred tax assets: Allowance for credit losses $ 96,275 $ 64,655 Lease liability 21,400 22,654 Accrued compensation 9,783 7,564 Stock-based compensation expense 8,282 6,980 Litigation accrual 5,324 5,206 Nonaccrual loan interest income 9,034 4,962 Unrealized net losses on securities 1,079 2,730 Net operating loss carryforward 1,160 1,484 State taxes 4,282 1,064 Securities impaired 273 267 Total deferred tax assets $ 156,892 $ 117,566 Deferred tax liabilities: Basis difference in acquired loans (78,034) — Operating lease right-of-use asset (19,406) (20,681) Depreciation and amortization (4,679) (7,533) Other assets—prepaids (2,183) (2,342) FHLB stock dividend (852) (833) Total deferred tax liabilities $ (105,154) $ (31,389) Net deferred tax asset 51,738 86,177 Valuation allowance (70) (277) Net deferred tax asset, net of valuation allowance 1 $ 51,668 $ 85,900 1 Net deferred tax asset, net of valuation allowance, is included in “Other Assets” in the Consolidated Balance Sheets. The Company records a deferred tax asset for net operating losses when the benefit is more likely than not to be realized. As of June 30, 2024, the Company had a federal net operating loss carryforward of approximately $3.6 million, which is subject to an annual Section 382 limitation of $0.1 million. The federal net operating loss carryforward begins to expire in 2034. The Company has state net operating loss carryforwards of $2.7 million. Of this amount, $0.8 million is subject to an annual Section 382 limitation of $0.1 million for state purposes. The state net operating loss carryforwards begin to expire in 2035. The Company establishes a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion of the deferred tax assets will not be realized. As of June 30, 2024, relating to a $0.6 million state net operating loss, the Company recognized a valuation allowance of $0.1 million. As of June 30, 2024 and 2023, the Company forecasts sufficient future consolidated earnings to realize its remaining deferred tax asset and has not provided for an additional allowance. The reconciliation of the gross beginning and ending amount of unrecognized tax positions are as follows: (Dollars in thousands) 2024 2023 Balance—beginning of period $ 6,924 $ 4,975 Additions—current year tax positions 8,709 1,603 Additions—prior year tax positions — 518 Reductions—prior year tax positions (1,544) (172) Total liability for unrecognized tax positions—end of period $ 14,089 $ 6,924 As of June 30, 2024 and 2023, unrecognized tax benefits totaled $11.6 million and $6.0 million, respectively, that, if recognized, would favorably impact the effective tax rate. The Company does not anticipate resolution of any unrecognized tax benefits within the next 12 months. The Company accounts for interest and penalties related to income tax liabilities as a component of income tax expense. During the fiscal years ended June 30, 2024 and 2023, the Company recognized a benefit of $0.1 million and an expense of $0.1 million, respectively, in interest and penalties. The Company had approximately $0.5 million and $0.5 million for the payment of interest and penalties accrued at June 30, 2024, and 2023, respectively. The Company will occasionally file amended returns to capture additional tax refunds. An amended return was filed to preserve a claim for refund. Due to the uncertainty involved in this claim, management recognized a 100% reserve against it during the fiscal year ended June 30, 2024. The Company is subject to federal income tax and income tax of state taxing authorities. The Company’s federal income tax returns for the fiscal years ended June 30, 2023, 2022 and, 2021 and its state taxing authorities income tax returns for the fiscal years ended June 30, 2023, 2022, 2021 and 2020 are open to audit under the statutes of limitations by the Internal Revenue Service and state taxing authorities.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Common Stock Repurchases. On April 27, 2023, the Company announced a program to repurchase up to $100 million of its common stock, and on February 7, 2024, the Company announced an additional program to repurchase up to an additional $100 million of its common stock. The new share repurchase authorization is in addition to the existing share repurchase plan announced in April 2023. The Company may repurchase shares on the open market or through privately negotiated transactions at times and prices considered appropriate, at the discretion of the Company, and subject to its assessment of alternative uses of capital, stock trading price, general market conditions and regulatory factors. The repurchase program does not obligate the Company to acquire any specific number of shares. The share repurchase program will continue in effect until terminated by the Board. The Company accounts for treasury stock using the cost method as a reduction of stockholders’ equity in the accompanying Consolidated Financial Statements. The following table presents common stock repurchases: Fiscal Year Ended June 30, (Dollars in thousands, except per share data) 2024 2023 Total repurchase $ 97,023 $ 49,258 Number of shares repurchased 2,541,254 1,321,161 Average price paid per share $ 38.18 $ 37.28 As of June 30, 2024, the Company has approximately $106.5 million remaining under the share repurchase authorizations.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company has an equity incentive plan, the Amended and Restated 2014 Stock Incentive Plan (the “2014 Plan”), which provides for the granting of non-qualified and incentive stock options, restricted stock and RSUs, stock appreciation rights and other awards to employees, directors and consultants. The Plan is designed to encourage selected employees and directors to improve operations and increase profits, and to accept or continue employment or association with the Company through participation in the growth in the value of the common stock. RSUs have a grant price equal to the closing price of the Company’s common stock on the award date. RSUs granted generally vest over a three-year period based on service, with 33% of the underlying shares vesting on each annual anniversary of the award. 2014 Plan . In November 2023, the Company’s Board of Directors and stockholders, respectively, approved the 2014 Plan, as amended and restated. The number of shares authorized for issuance pursuant to awards under the 2014 Plan is 6,680,000, less RSU awards granted, plus any RSUs that become available upon the forfeiture, expiration, cancellation or settlement in cash awards outstanding under the 2014 Plan. At June 30, 2024, 1,755,662 shares of common stock remained available for issuance pursuant to grant awards under the 2014 Plan. Effective July 1, 2017, the Company entered into an employment agreement with its Chief Executive Officer (the “Agreement”) that authorizes an award of RSUs (the “RSU award”). The RSU award is an equity-based award and carries a service condition and a market condition that incorporates a measurement of the Company’s total stock return to stockholders in comparison to the total stock return of the ABA Nasdaq Community Bank Index. The accounting grant date of the RSU award is July 1, 2017 and expensing of the RSU award began on this date at the fair value measurement amount as determined by the Company’s valuation process. The Company utilized a Monte Carlo simulation to estimate the value of path-dependent options and determined the fair value using an expected return based on the 5-year US Treasury constant maturity rate, an equity volatility based on 6-month and 1-year historical daily trading history, market capitalization, and stock price for the RSU award. On July 1, 2017, the estimated fair value of the RSU award was $20.5 million, which vests in five tranches over a total period of nine years. Effective each of January 1, 2024 (the “2024 Award”), 2023 (the “2023 Award”) and 2022 (the “2022 Award”), the Agreement automatically renewed for one additional fiscal year with the accounting grant date the same as the renewal date of the respective award. For the 2024 Award, 2023 Award and 2022 Award, the Company utilized a Monte Carlo simulation with key inputs of an expected return on the average of the 1 and 2 year U.S. Treasury constant maturity rate, an equity volatility based on 1.5 year historical daily trading history, market capitalization, and stock price. The estimated fair values for the 2024, 2023 Award and 2022 Award were $9.4 million, $5.2 million and $8.8 million, respectively, on each award’s grant date. The actual award will be determined by the actual performance of the Company’s total stock return in comparison to the total stock return of the ABA Nasdaq Community Bank Index in the respective periods. As of June 30, 2024, compensation expense not yet recognized over the remaining five years related to the Agreement and subsequent renewals is $14.4 million. At June 30, 2024, compensation expense not yet recognized related to non-vested awards was $53.4 million and the weighted-average period over which it is expected to be recognized is 1.2 years. The following table presents the status and changes in RSUs for the periods indicated: RSUs Weighted-Average Non-vested balance at June 30, 2023 1,407,882 $ 41.53 Granted 980,739 45.25 Vested (756,186) 41.41 Forfeitures (91,241) 41.72 Non-vested balance at June 30, 2024 1,541,194 $ 43.95 The Company recognized $30.7 million, $26.1 million and $21.2 million of stock compensation in net income for the fiscal years ended June 30, 2024, 2023 and 2022. The related income tax benefit was $9.0 million, $7.5 million and $6.2 million in the respective years. The total fair value of shares vested during the fiscal year ended June 30, 2024 was $36.0 million.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted earnings per common share (“EPS”): June 30, (Dollars in thousands, except per share data) 2024 2023 2022 Earnings Per Common Share Net income $ 450,008 $ 307,165 $ 240,716 Average common shares issued and outstanding 57,509,029 59,691,541 59,523,626 Earnings per common share $ 7.82 $ 5.15 $ 4.04 Diluted Earnings Per Common Share Net income $ 450,008 $ 307,165 $ 240,716 Average common shares issued and outstanding 57,509,029 59,691,541 59,523,626 Dilutive effect of average unvested RSUs 1,216,607 875,313 1,087,328 Average dilutive common shares outstanding 58,725,636 60,566,854 60,610,954 Diluted earnings per common share $ 7.66 $ 5.07 $ 3.97 Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) 9,744 4,505 9,701

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND OFF-BALANCE-SHEET ACTIVITIES	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES, AND OFF-BALANCE-SHEET ACTIVITIES	COMMITMENTS, CONTINGENCIES AND OFF-BALANCE-SHEET ACTIVITIES Credit-Related Financial Instruments . The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Balance Sheets. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet instruments. The following table presents a summary of off-balance sheet commitments. (dollars in thousands) June 30, 2024 Commitments to fund loans $ 3,726,798 Commitments to sell loans $ 26,097 Commitments to contribute capital $ 4,514 Standby letters of credit $ 15,488 In addition, the Company has $40.6 million of commitments to contribute capital to LIHTC investments included in “Accounts Payable and Other Liabilities” on the Consolidated Balance Sheets. Refer to Note 9— “Other Assets” for additional information on LIHTC investments. Commitments to extend credit are agreements to lend to a customer so long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. For single family loans classified as held for sale, the Company matches unfunded commitments to originate loans with commitments to sell loans. The Company also has standby letters of credit commitments. In the normal course of business, Axos Clearing’s customer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose Axos Clearing to off-balance-sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and Axos Clearing has to purchase or sell the financial instrument underlying the contract at a loss. Axos Clearing’s clearing agreements with broker-dealers for which it provides clearing services requires them to indemnify Axos Clearing if customers fail to satisfy their contractual obligation. As of June 30, 2024, non-customer and customer margin securities were available to the Company to utilize as collateral on various borrowings or for other purposes. The Company utilized $74.2 million of these available securities as collateral for securities loaned, $122.1 million for bank loans, and $34.9 million to meet OCC margin requirements of $16.3 million. Litigation. A consolidated derivative action, In re BofI Holding, Inc., Case No. 15cv2722 GPC (KSC), is pending before the United States District Court for the Southern District of California (the “Derivative Action”). The complaint in the Derivative Action sets forth allegations made in a related employment action, Erhart v. BofI Holding Inc., No. 15cv2287 BAS (NLS) (S.D. Cal.) (the “Employment Action”) brought by a former employee of the Company and was stayed pending resolution of the Employment Action. On October 4, 2023, the court hearing the Employment Action entered a final amended judgment awarding damages and attorneys’ fees to the plaintiff. The defendant filed a Notice of Appeal from the Employment Action judgment and all orders merged therein, and both parties have filed opening briefs. On January 2, 2024, the Derivative Action plaintiff filed a Third Amended Complaint. On March 5, 2024, the court stayed the case until resolution of the appeal in the Employment Action. The Derivative Action defendants dispute, and intend to vigorously defend against, the allegations raised in the Third Amended Complaint. The Derivative Action plaintiff seeks damages on behalf of the Company with respect to the Employment Action and also seeks damages on behalf of the Company in connection with a now settled securities class action that was also based upon allegations made in the Employment Action and settled within available insurance coverage without attribution of wrongdoing to the Company, its management, or its directors. In view of the inherent difficulty of predicting the final outcome of the Employment Action it is not possible to reasonably predict or estimate the eventual loss or range of loss, if any, related thereto.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Jun. 30, 2024
Banking Regulation, Minimum Regulatory Capital Requirements [Abstract]
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS Consolidated and the Bank. The Company and Bank are subject to regulatory capital adequacy requirements promulgated by federal bank regulatory agencies. Failure by the Company or Bank to meet minimum capital requirements could result in certain mandatory and discretionary actions by regulators that could have a material adverse effect on our results of operations or financial condition. The Federal Reserve establishes capital requirements for the Company and the OCC has similar requirements for the Bank. Under these capital requirements and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the Company and Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings and other factors. Quantitative measures established by regulation require the Company and Bank to maintain certain minimum capital amounts and ratios. Federal bank regulators require the Company and Bank to maintain minimum ratios of tier 1 capital to adjusted average assets of 4.0%, common equity tier 1 capital to risk-weighted assets of 4.5%, tier 1 capital to risk-weighted assets of 6.0% and total risk-based capital to risk-weighted assets of 8.0%. To be “well capitalized,” the Company and Bank must maintain minimum leverage, common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratios of at least 5.0%, 6.5%, 8.0% and 10.0%, respectively. At June 30, 2024, the Company and Bank met all the capital adequacy requirements to which they were subject. At June 30, 2024, the Company and Bank were “well capitalized” under the regulatory framework for prompt corrective action. Management believes that no conditions or events have occurred since June 30, 2024 that would materially adversely change the Company’s and Bank’s capital classifications. From time to time, we may need to raise additional capital to support the Company’s and Bank’s further growth and to maintain their “well capitalized” status. The Company and Bank both elected the five-year CECL transition guidance for calculating regulatory capital and ratios and the June 30, 2024 and June 30, 2023 amounts reflect this election. This guidance allowed an entity to add back to regulatory capital 100% of the impact of the day one CECL transition adjustment and 25% of subsequent increases to the allowance for credit losses through June 30, 2023. Beginning with fiscal year 2023, this cumulative amount is phased out of regulatory capital at 25% per year until it is 100% phased out of regulatory capital beginning in fiscal year 2026. The Company’s and Bank’s capital amounts, capital ratios and capital requirements under Basel III were as follows: Axos Financial, Inc. Axos Bank “Well Minimum Capital (Dollars in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Regulatory Capital: Tier 1 $ 2,167,781 $ 1,796,352 $ 2,181,426 $ 1,866,705 Common equity tier 1 $ 2,167,781 $ 1,796,352 $ 2,181,426 $ 1,866,705 Total capital $ 2,678,489 $ 2,269,237 $ 2,365,061 $ 2,007,006 Assets: Average adjusted $ 22,979,871 $ 20,059,002 $ 22,391,541 $ 19,284,378 Total risk-weighted $ 18,049,571 $ 16,414,213 $ 17,128,880 $ 16,054,633 Regulatory Capital Ratios: Tier 1 leverage (to adjusted average assets) 9.43 % 8.96 % 9.74 % 9.68 % 5.00% 4.00% Common equity tier 1 capital (to risk-weighted assets) 12.01 % 10.94 % 12.74 % 11.63 % 6.50% 4.50% Tier 1 capital (to risk-weighted assets) 12.01 % 10.94 % 12.74 % 11.63 % 8.00% 6.00% Total capital (to risk-weighted assets) 14.84 % 13.82 % 13.81 % 12.50 % 10.00% 8.00% Under Basel III all banking organizations are required to maintain a capital conservation buffer above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer is exclusively composed of common equity tier 1 capital, and it applies to each of the three risk-based capital ratios but not the leverage ratio. At June 30, 2024, the Company and Bank were in compliance with the capital conservation buffer requirement. Inclusive of the fully phased-in capital conservation buffer, the common equity Tier 1 capital, Tier 1 risk-based capital and total risk-based capital ratio minimums are 7.0%, 8.5% and 10.5%, respectively. A banking organization with a buffer of less than the required amount is subject to increasingly stringent limitations on such distributions and payments as the buffer approaches zero. In addition, these requirements also generally prohibit a banking organization from making such distributions or payments during any quarter if its eligible retained income is negative and its capital conservation buffer ratio was 2.5% or less at the end of the previous quarter. The eligible retained income of a banking organization is defined as its net income for the four calendar quarters preceding the current calendar quarter, based on the organization’s quarterly regulatory reports, net of any distributions and associated tax effects not already reflected in net income. Axos Clearing. Pursuant to the net capital requirements of the Exchange Act, Axos Clearing is subject to the SEC Uniform Net Capital (Rule 15c3-1 of the Exchange Act). Under this rule, the Company has elected to operate under the alternate method and is required to maintain minimum net capital of $250,000 or 2% of aggregate debit balances arising from client transactions, as defined. Under the alternate method, Axos Clearing may not repay subordinated debt, pay cash distributions, or make any unsecured advances or loans to its parent or employees if such payment would result in net capital of less than 5% of aggregate debit balances or less than 120% of its minimum dollar requirement. The net capital positions of Axos Clearing were as follows: (Dollars in thousands) June 30, 2024 June 30, 2023 Net capital $ 101,462 $ 35,221 Excess Capital $ 96,654 $ 29,905 Net capital as a percentage of aggregate debit items 42.21 % 13.25 % Net capital in excess of 5% aggregate debit items $ 89,442 $ 21,930 Axos Clearing, as a clearing broker, is subject to the SEC Customer Protection Rule (Rule 15c3-3 of the Exchange Act) which requires segregation of funds in a special reserve account for the exclusive benefit of customers (“Customer Reserve Bank Account”) and proprietary accounts of brokers (“PAB Reserve Account”). As of June 30, 2024, Axos Clearing was in compliance with its Customer Reserve Bank Account and PAB Reserve Account deposit requirements.

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN	12 Months Ended
	Jun. 30, 2024
Compensation Related Costs [Abstract]
EMPLOYEE BENEFIT PLAN	EMPLOYEE BENEFIT PLAN The Company has one 401(k) plan whereby substantially all of its employees may participate in the plan. Employees may contribute up to 100% of their compensation subject to certain limits based on federal tax laws. The Company provides an employer matching contribution to the 401(k) plan based on an employee’s designated deferral of their eligible compensation. For the fiscal years ended June 30, 2024, 2023, and 2022, expenses attributable to the plan amounted to $4.5 million, $3.5 million, and $3.6 million, respectively. These expenses are included in “Salaries and related costs” in the Consolidated Statements of Income. The contribution made during the fiscal year ended June 30, 2024, was 72,708 shares with a fair market value of $4.0 million.

PARENT-ONLY CONDENSED FINANCIAL

PARENT-ONLY CONDENSED FINANCIAL INFORMATION	12 Months Ended
	Jun. 30, 2024
Condensed Financial Information Disclosure [Abstract]
PARENT-ONLY CONDENSED FINANCIAL INFORMATION	PARENT-ONLY CONDENSED FINANCIAL INFORMATION The following tables present Axos Financial, Inc. (Parent company only) financial information and should be read in conjunction with the Consolidated Financial Statements of the Company and the other notes to the Consolidated Financial Statements. Adjustments to investment in subsidiaries, stockholders’ equity and equity in undistributed earnings of subsidiaries have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company. CONDENSED BALANCE SHEETS At June 30, (Dollars in thousands) 2024 2023 ASSETS Cash and cash equivalents $ 109,610 $ 115,948 Securities 78,321 15,050 Advances to non-bank subsidiaries 3,000 8,000 Other assets 68,321 78,932 Investment in bank subsidiaries 2,241,746 1,884,525 Investment in non-bank subsidiaries 216,164 235,223 Total assets $ 2,717,162 $ 2,337,678 LIABILITIES AND STOCKHOLDERS’ EQUITY Borrowings, subordinated notes and debentures $ 325,679 $ 334,579 Accounts payable and other liabilities 100,887 85,940 Total liabilities 426,566 420,519 Stockholders’ equity 2,290,596 1,917,159 Total liabilities and stockholders’ equity $ 2,717,162 $ 2,337,678 CONDENSED STATEMENTS OF INCOME Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Interest income $ 4,279 $ 1,656 $ 1,777 Interest expense 15,990 15,909 11,183 Net interest (expense) income (11,711) (14,253) (9,406) Provision for loan losses (184) — — Net interest (expense) income, after provision for credit losses (11,527) (14,253) (9,406) Non-interest income (loss) 13,247 11,448 6,275 Non-interest expense and tax benefit 1 31,366 15,866 9,741 Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiaries (29,646) (18,671) (12,872) Dividends from bank subsidiaries 120,000 45,000 40,000 Dividends from non-bank subsidiaries 26,000 13,750 — Equity in undistributed earnings of subsidiaries 333,654 267,086 213,588 Net income $ 450,008 $ 307,165 $ 240,716 Comprehensive income $ 454,152 $ 303,488 $ 235,276 1 Includes tax benefits of $6,352, $11,988, and $11,927 for the fiscal years ended June 30, 2024 , 2023, and 2022, respectively. STATEMENTS OF CASH FLOWS Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 450,008 $ 307,165 $ 240,716 Adjustments to reconcile net income to net cash used in operating activities: Depreciation, amortization and accretion 9,532 12,383 11,160 Stock-based compensation expense 35,194 26,100 21,242 Equity in undistributed earnings of subsidiaries (333,654) (267,086) (213,588) Decrease (increase) in other assets 15,849 (3,448) (5,231) Increase (decrease) in other liabilities (17,922) (1,069) (11,564) Net cash provided by operating activities 159,007 74,045 42,735 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of investment securities (20,351) — — Proceeds from principal repayments on loans 5,000 25,000 — Acquisition of business activity, net of cash paid — — — Purchases of furniture, equipment, software and intangibles (5,378) (805) (817) Investment in subsidiaries (23,200) (25,825) (203,086) Net cash used in investing activities (43,929) (1,630) (203,903) CASH FLOWS FROM FINANCING ACTIVITIES: Tax payments related to the settlement of restricted stock units (16,192) (6,144) (14,481) Repurchase of treasury stock (96,286) (48,963) — Repurchase of subordinated notes (8,938) — (2,120) Proceeds from issuance of subordinated notes — — 150,000 Net cash provided by (used in) financing activities (121,416) (55,107) 133,399 NET CHANGE IN CASH AND CASH EQUIVALENTS (6,338) 17,308 (27,769) CASH AND CASH EQUIVALENTS—Beginning of year 115,948 98,640 126,409 CASH AND CASH EQUIVALENTS—End of year $ 109,610 $ 115,948 $ 98,640

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The operating segments and segment results of the Company are determined based upon the management reporting system, which assigns balance sheet and income statement items to each of the business segments and by which segment results are evaluated by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations in conjunction with its corporate strategy. Certain revenues, expenses, assets, and liabilities are presented in “Corporate/Eliminations” in the tables below as they do not exceed the thresholds established for reportable segments under U.S. GAAP. The Company operates through two operating segments: Banking Business Segment and Securities Business Segment. Inter-segment transactions are eliminated in consolidation and primarily include non-interest income earned by the Securities Business Segment and non-interest expense incurred by the Banking Business Segment for cash sorting fees related to deposits sourced from Securities Business Segment customers, as well as interest expense paid by the Banking Business Segment to each of the wholly-owned subsidiaries of the Company and to the Company itself for their operating cash held on deposit with the Banking Business Segment. Banking Business Segment. The Banking Business Segment includes a broad range of banking services including online banking, concierge banking, and mortgage, vehicle and unsecured lending through online, low-cost distribution channels to serve the needs of consumers and small businesses nationally, and includes both loans held for investment and held for sale as well as originated and purchased loans. In addition, the Banking Business Segment focuses on providing deposit products nationwide to industry verticals (e.g., Title and Escrow), treasury management products to a variety of businesses, and commercial & industrial and commercial real estate lending to clients. The Banking Business Segment includes a bankruptcy trustee and fiduciary service that provides specialized software and consulting services to Chapter 7 bankruptcy and non-Chapter 7 trustees and fiduciaries. In addition, the assets and activities related to two lending-related trust entities are included in the Banking Business Segment. Securities Business Segment. The Securities Business Segment includes the clearing broker-dealer, registered investment advisor custody business, and introducing broker-dealer lines of businesses. These lines of business offer products independently to their own customers as well as to Banking Business Segment clients. In order to reconcile the two segments to the consolidated totals, the Company includes parent-only activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments: For the Fiscal Year Ended June 30, 2024 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 950,832 $ 26,207 $ (15,610) $ 961,429 Provision for credit losses 32,500 — — 32,500 Non-interest income 139,071 129,020 (45,431) 222,660 Non-interest expense 418,695 115,091 (17,678) 516,108 Income before taxes $ 638,708 $ 40,136 $ (43,363) $ 635,481 For the Fiscal Year Ended June 30, 2023 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 776,294 $ 21,042 $ (14,215) $ 783,121 Provision for credit losses 24,250 — — 24,250 Non-interest income 42,260 141,107 (62,879) 120,488 Non-interest expense 391,411 102,572 (46,368) 447,615 Income before taxes $ 402,893 $ 59,577 $ (30,726) $ 431,744 For the Fiscal Year Ended June 30, 2022 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 597,833 $ 17,580 $ (8,255) $ 607,158 Provision for credit losses 23,750 — — 23,750 Non-interest income 60,881 64,069 (11,587) 113,363 Non-interest expense 268,829 84,014 3,969 356,812 Income before taxes $ 366,135 $ (2,365) $ (23,811) $ 339,959 As of June 30, 2024 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ 1,999 $ 97,673 Total Assets $ 22,165,627 $ 649,254 $ 40,453 $ 22,855,334 As of June 30, 2023 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 19,396,167 $ 899,496 $ 52,806 $ 20,348,469

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income	$ 450,008	$ 307,165	$ 240,716

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Jun. 30, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

ORGANIZATIONS AND SUMMARY OF _2

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation . The Consolidated Financial Statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries. Axos Bank (the “Bank” or “Axos Bank”), its wholly owned subsidiaries, and the activities of two lending-related trust entities, constitute the Banking Business Segment and Axos Nevada Holding and its wholly owned subsidiaries constitute the Securities Business Segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Consolidated Financial Statements are an integral part of the Company’s financial statements. Certain reclassifications have been made to the Consolidated Statements of Income and Consolidated Statements of Cash Flows to conform to the current period presentation. These reclassifications had no effect on the Company’s results of operations or financial position. On the Consolidated Statement of Cash Flows, purchases and distributions of certain equity investments are now presented as cash flows from investing activities.
Use of Estimates	Use of Estimates . In preparing the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results may differ materially from those estimates.
Revenue Recognition	Revenue Recognition. The Company accounts for certain revenue streams under Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”), which provides that an entity shall recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. Certain non-interest income, such as deposit service fees, advisory fee income and broker-dealer clearing fees, are within the scope of ASC 606. Advisory Fee Income—Asset-Based Custody Fees and Asset-Based Fund Fees. Asset-based custody fees consist of custody fees, and other ancillary fees. Custody fees vary based on a percentage of average customer assets under custody. Other ancillary fees may be charged based on average customer assets or based on specific activity. Revenue is recognized over the period where assets are held as the customer simultaneously receives and consumes the benefits. Asset-based fund fees consist of 12b-1 and mutual fund shareholder services fees and are paid by mutual fund companies monthly or quarterly based on the underlying agreements. Asset-based fund fees are charged based on a percentage of client assets invested in certain funds. Revenue is calculated each month based on the average daily assets invested in particular funds. Revenue is recognized over the period where assets are invested in certain funds. The performance obligations relate to providing recordkeeping, stockholder and administration services to mutual fund companies and the obligations are satisfied upon the performance of such services. Revenue recognition is constrained until the amount of average assets invested in each fund is known. Broker-Dealer Clearing Fees. The Company earns revenues for executing, settling and clearing securities transactions for other broker-dealers on a fully disclosed basis. Trade execution and clearing services, when provided together, represent a single performance obligation as the services are not separately identifiable in the context of the contract. Revenues associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, are recognized at a point in time on trade-date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying security or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. The Company also earns revenues for services which are separately identifiable and represent a distinct performance obligation which is recognized over time as the customer simultaneously receives and consumes the benefits. Certain clearing or other related fees represent a modification of the original contract as they are distinct services. All trade and execution services are priced at their standalone selling price. Clearing and other fees are generally deducted from the introducing brokers’ commissions on a monthly basis. Banking and Service Fees—Deposit Service Fees. Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied and related revenue recognized, when incurred. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Banking and Service Fees—Card Fees. Fees, exchange, and other service charges are primarily comprised of debit card income, ATM fees, merchant services income, and other service charges. Debit card income is primarily comprised of interchange fees earned whenever the Company’s debit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Banking and Service Fees—Technology and Service Fees. Technology and service fees include bankruptcy trustee, fiduciary service income and technology fees. Technology fees primarily include those earned from business management and entertainment accounting and payroll software licenses as well as payroll processing fees. The performance obligation is satisfied as access to the licensed software is provided and upon the processing of payroll. Payment for software licenses and payroll processing is generally received in the month following the provision of service. Bankruptcy trustee and fiduciary service income is primarily comprised of fees earned from the monthly basis point fee and bank account service charges. The products and services provided to the trustee also provide a source of deposits to the Company. The performance obligation is satisfied when the deposits are determined at the end of each month. The expected value method is used to calculate and record the estimated revenue at the beginning of each month based on the amount of deposits. Fees are billed and collected on a monthly basis The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of ASC 606 for the periods indicated: Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Advisory fee income $ 31,335 $ 28,324 $ 28,309 Broker-dealer clearing fees 20,643 21,903 19,754 Deposit service fees 4,257 4,517 4,508 Card fees 2,516 4,410 3,764 Technology and service fees 5,890 6,107 3,099 Non-interest income (in-scope ASC 606) 64,641 65,261 59,434 Non-interest income (out-of-scope ASC 606) 158,019 55,227 53,929 Total non-interest income $ 222,660 $ 120,488 $ 113,363 Contract Balances. A contract asset or receivable is recognized if the Company performs a service or transfers a good in advance of receiving consideration. A contract liability is recognized if the Company receives consideration (or has the unconditional right to receive consideration) in advance of performance. As of June 30, 2024 and 2023, respectively, the Company’s contract assets and liabilities were not considered material. Other. Increases in the net cash surrender value of bank-owned life insurance policies, as well as insurance proceeds received, are recorded in non-interest income and are not subject to income taxes. Lending related income includes fees earned from gains or losses on the sale of loans, and letter of credit fees. Gain or loss on the sale of financial assets is measured as the net assets received from the sale less the carrying amount of the loan sold. The net assets received from the sale represent the fair value of any assets obtained or liabilities incurred as part of the transaction, including but not limited to cash, servicing assets, retained securitization investments and recourse obligations. Net gain or loss on the sale of repossessed assets is calculated by comparing sales proceeds to the carrying amount of the asset, and the carrying amount of the asset is determined using the lower of cost or fair value approach.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents . The Bank’s cash, due from banks, money market mutual funds and federal funds sold, all of which have original maturities within 90 days, consist of cash and cash equivalents. The table below presents cash and cash equivalents based on non-interest-earning and interest-earning status. At June 30, (Dollars in thousands) 2024 2023 Non-interest-earning cash and cash equivalents $ 66,563 $ 92,645 Interest-earning cash and cash equivalents 2,119,213 2,289,441 Total cash and cash equivalents $ 2,185,776 $ 2,382,086 Restricted Cash . Restricted cash includes qualified deposits in special reserve bank accounts for the exclusive benefit of Axos Clearing customers in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other regulations. Restricted cash also includes certain other cash balances which are restricted as to the Company’s withdrawal or usage based upon the terms of the corresponding agreements.
Securities	Securities . The Company classifies securities at the time of purchase depending on intent. Debt securities are classified as held to maturity when management intends to hold the securities until maturity, or as available for sale if the securities are not held for resale in the near term. Available-for-sale securities are reported at fair value, with unrealized gains and losses, net of the related tax effects, reported as a separate component of “Other comprehensive income (loss)” on the Consolidated Statements of Comprehensive Income. Trading securities include assets held for resale in the near term, with changes in the fair value recognized in earnings. Gains and losses on securities sales are based on a comparison of sales proceeds and the amortized cost of the security sold using the specific identification method. Purchases and sales are recognized on the trade date. Interest income includes coupon interest and amortization of purchase premiums or discounts. Premiums and discounts on securities are amortized or accreted using the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates at the individual security level whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded which is limited by the difference between fair value and the amortized cost basis. The remaining change in fair value is recognized in “Other comprehensive income” on the Consolidated Statements of Comprehensive Income. Changes in the allowance for credit losses, if any, are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the available-for-sale security is confirmed as uncollectible or when either of the criteria regarding intent or requirement to sell is met.
Loans (including Direct Financing & Sales Type Leases)	Loans (including Direct Financing & Sales Type Leases) . Loans that are held for investment are loans that management has the intent and ability to hold for the foreseeable future or until maturity are reported at the principal balance outstanding, net of unearned interest, deferred purchase premiums and discounts, deferred loan origination fees and costs, and an allowance for credit loss - loans. Interest income is accrued on the unpaid principal balance. Premiums and discounts on loans purchased as well as loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method. Single Family - Mortgage & Warehouse. The Single Family - Mortgage & Warehouse portfolio segment primarily consists of two loan types: single family mortgage loans and single family warehouse lines of credit. The single family mortgage loans consist of loans secured by one-to-four family residences. The single family warehouse lines of credit enable the mortgage originators to close loans in their own names and temporarily finance inventories of closed mortgage loans until they can be sold to an approved investor. The Company also originates home equity lines of credit and second mortgage loans. Multifamily and Commercial Mortgage. The Multifamily and Commercial Mortgage portfolio segment consists of loans secured by multifamily real estate (more than four units) and commercial real estate. These loans are dependent on the cash flow capacity of the project and repayment of loans secured by properties frequently depends on their successful operation and management. Commercial Real Estate. The Commercial Real Estate portfolio segment consists of loans secured by commercial real estate properties (“CRE”) under a variety of structures that it classifies as commercial real estate. A few examples are as follows: Commercial Bridge to Sale, Commercial Bridge to Construction, Commercial Bridge to Refinance and Acquisition, Development, Construction and Lender Finance. CRE Loans are originated to businesses secured by first liens on single family, multifamily, condominium, office, retail, mixed-use, hospitality, undeveloped or to-be-redeveloped land. Repayment of CRE loans depends on the successful completion of the real estate transition project and permanent take-out. Commercial & Industrial - Non-Real Estate (Non-RE). The Commercial & Industrial - Non-Real Estate portfolio segment consists of lender finance loans, asset-based loans, leveraged cash flow loans, insurance premium finance, fund finance, equipment leases, and general commercial and industrial loans. These receivables are generally secured by commercial assets, including, but not limited to, receivables, inventory, equipment and uniform commercial code (“UCC”) all-asset filings. For commercial and industrial non-real estate, asset backed loans and line of credit term loans, the Company typically enters into a structured facility, under which it takes a senior lien position collateralized by the underlying assets at advance rates well below the collateral value. Leveraged cash flow loans provide financial sponsors the ability to finance acquisitions, management buy-outs, recapitalizations, debt refinancing and dividends/distributions. Such lending relies on free cash flow as the primary repayment source, and enterprise value as the secondary repayment source. The Company’s equipment financing lease arrangements do not qualify as a sale as the Company does not obtain control of the assets in the ongoing sale leaseback arrangements. Therefore, the leased equipment is not capitalized on the Consolidated Balance Sheets. Direct financing leases and sales-type leases are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased property less unearned income, which is accreted to interest income over the lease terms using methods that approximate the interest method. Operating lease income is recognized on a straight-line basis and is included within the Loans, including fees, line item in the Consolidated Statements of Income. Leases generally do not contain non-lease components. Commercial and industrial leases are primarily made based on the operating cash flows of the borrower or conversion of working capital assets to cash and secondarily on the underlying collateral provided by the borrower. Auto and Consumer. The Auto and Consumer portfolio segment includes automobile loans and unsecured consumer loans, including account overdraft loans: Auto loans consist of prime and subprime loans to customers secured by new and used vehicles. The Company holds all of the auto loans originated and performs loan servicing functions for these loans. Auto loans carry a fixed interest rate and have terms that range from two Consumer unsecured loans generally consist of fixed rate unsecured loans to well-qualified, individual borrowers. Loan terms that range between three Purchased Credit Deteriorated (“PCD”) Loans. Purchased loans that reflect a more-than-insignificant deterioration of credit since their origination are considered PCD. For PCD loans, the initial estimate of expected credit losses is recognized in the allowance for credit losses on the date of acquisition. The initial amortized cost of PCD loans is determined by reducing the loans’ par value by the acquisition date estimate of expected credit losses with any difference between the resulting amount and the loans’ purchase price recorded as a non-credit-related discount. Subsequent changes in the initial estimate of expected credit losses are recognized in the provision for credit losses in the Company’s Consolidated Statements of Income.
Loans Held for Sale	Loans Held for Sale . Agency loans originated and intended for sale in the secondary market are carried at fair value. Net unrealized gains and losses are recognized through mortgage banking income in the income statement. The Bank sells its mortgage loans with either servicing released or servicing retained depending upon market pricing. Gains and losses on loan sales are recorded as mortgage banking income, based on the difference between sales proceeds and carrying value. Non-agency loans held for sale are carried at the lower of cost or fair value. The Company has elected the fair value option for Agency loans held for sale. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. For loans for which the fair value option has been elected, the Company amortizes premiums and discounts over the life of the loan and any origination fees or costs are recognized as incurred. Loans that were originated with the intent and ability to hold for the foreseeable future (loans held for investment), but which have been subsequently designated as being held for sale for risk management or liquidity needs are carried at the lower of cost or fair value calculated using pools of loans with similar characteristics. Upon transfer, the Company assesses the collectability of the outstanding principal balance and may charge-off a portion of the loan as discussed further below in “Allowance for Credit Losses.” Following this assessment, any previously established ACL on the held for investment loan is reversed and the loan is transferred at amortized cost. If, following transfer to held for sale, the fair value of the loan is below its amortized cost a valuation allowance is established for the difference.
Allowance for Credit Losses	Allowance for Credit Losses. The ACL is a valuation account that offsets the amortized cost basis of loans and net investment in leases. Under ASC 326, amortized cost is the basis on which the ACL is determined. Amortized cost is principal outstanding, net of any purchase premiums and discounts and net of any deferred loan fees and costs. Loans are charged off against the ACL when the Company believes that collectability of at least some portion of outstanding principal is unlikely. Recoveries on loans previously charged off are recorded as an increase to the allowance for credit losses. The allowance for credit losses is maintained at a level needed to absorb expected credit losses over the contractual life, considering the effects of prepayments, of the loan portfolio as of the reporting date. Determining the adequacy of the allowance for credit losses is complex and requires judgment by Management about the effect of matters that are inherently uncertain. As such, a future assessment of current conditions may require material adjustments to the allowance. The Company’s process for determining expected lifetime credit losses entails a portfolio, model-based approach utilizing loan level detail and requires consideration of a broad range of relevant information relating to historical loss experience, current economic conditions and reasonable and supportable forecasts. The Company stratifies the full loan population into segments sharing similar characteristics to perform the evaluation of the credit loss collectively. The Company defines a loan portfolio segment as the level at which the Company develops a systematic methodology to determine the allowance, which is generally based on similar risk attributes, including underlying collateral, as well as the Company’s methods for monitoring credit risk and other factors. The Company categorizes the loan portfolio into five segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, including construction lending, Commercial & Industrial - Non-Real Estate and Auto & Consumer. For further information on these loan portfolio segments, see “Loans” herein. The method for estimating expected lifetime credit losses includes, among other things, the following main components: (1) The use of a probability of default (“PD”)/loss given default (“LGD”) model; (2) defining a number of economic scenarios across the benign to adverse spectrum; (3) a reasonable forecast period of 24 months for all loan segments; and (4) a reversion period of 12 months using a linear transition to historical loss rates for each loan pool. After the reversion period, the historical loss rate is applied over the remaining contractual life of loan. Reasonable forecast periods and reversion periods are subject to periodic review and may be adjusted based on the Company’s view of current economic conditions. The results of the estimate are calculated for several scenarios across the benign to adverse spectrum for each of the Company’s loan portfolio segments. The weighting of scenarios is subject to periodic review and may be adjusted based on the Company’s view of current economic conditions. Given the inherent limitations of a solely quantitative model, qualitative adjustments are included to arrive at the ending calculated loss amount in order to account for data points not captured from quantitative inputs alone. Qualitative criteria we consider includes, among other things, the following: • Regulatory and Legal - matters that may impact the timeliness and/or amounts of repayments; • Concentration - portfolio composition and loan concentration; • Collateral Dependency - changes in collateral values; • Lending/Underwriting Standards - current lending policies and the effects of any new policies; • Nature and Volume - loan production volume and mix; • Macroeconomic Environment - considerations not reflected in the data utilized in the model; and • Loan Trends - credit performance trends, including a borrower’s financial condition and credit rating. Specifically, Management reviews whether the model reflects the appropriate level of PD and LGD, given the macroeconomic forecasts used as compared to the Company’s loan portfolio. Management determines the adequacy of the allowance for credit losses based on reviews of individual loans, recent loss experience, current economic conditions, expectations about future economic conditions, the risk characteristics of the various categories of loans, including loan-to-value ratios, and other pertinent factors. If, based on Management’s evaluation, macroeconomic factors do not capture Management’s assumption regarding collateral values (LGD) and defaults (PD), Management will apply additional qualitative overlays to the loan portfolio. This evaluation is inherently subjective and requires estimates that are susceptible to significant revision as more information becomes available. Accrued Interest . Accrued interest receivable is excluded from amortized cost and is presented separately in “Other Assets” on the Consolidated Balance Sheets. Additionally, the Company does not estimate an allowance for credit losses on accrued interest receivable as the Company has a policy to charge off accrued interest deemed uncollectible in a timely manner. When a loan is placed on nonaccrual status, which generally occurs when a borrower becomes delinquent by 90 days, interest previously accrued but not collected is reversed against current period interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Individually Assessed Loans. Credit losses are estimated on a collective basis, unless an individual loan’s credit characteristics have deteriorated below a range of the overall group, in which case the loan would be individually assessed. Individually assessed loans are measured for credit loss based on the present value of future expected cash flows, discounted at the loan’s effective interest rate or based on the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Loan Commitments.
Leases - Lessee Arrangements	Leases - Lessee Arrangements. The Company leases office space under operating lease agreements scheduled to expire at various dates. At lease commencement, lease liabilities are recognized based on the present value of the remaining lease payments and discounted using the Company’s incremental borrowing rate, which is a blended rate comprised of the FHLB term rate and the Company’s subordinated debt rate. Right-of-use assets initially equal the lease liability, adjusted for any lease payments made prior to lease commencement and for any lease incentives. Right-of-use assets are reported in “Other assets” on the Consolidated Balance Sheets, and the related lease liabilities are reported in “Accounts payable, accrued liabilities and other liabilities.” All leases are recorded on the Consolidated Balance Sheets. Lease expense is recognized on a straight-line basis over the lease term and is recorded in “Occupancy and equipment” expense in the Consolidated Statements of Income.
Servicing Rights	Servicing Rights . Servicing rights assets are recognized when such rights are retained upon sale of loans and are reported at fair value on the Consolidated Balance Sheets. The changes in fair value are reported in earnings in the period in which the changes occur and the adjustments are included in “Mortgage banking and servicing rights income,” a component of non-interest income in the Consolidated Statements of Income.
Derivatives	Derivatives . Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into, in order to economically hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in “Mortgage banking income” on the Consolidated Statements of Income. The Company makes markets in interest rate swap and cap derivatives to facilitate customer demand. The Company enters into offsetting derivative transactions to offset its interest rate risk associated with this customer transaction activity. The Company acquired as part of the FDIC Loan Purchase certain customer-facing interest rate derivatives and related market-facing derivatives which offset the Company’s interest rate risk. For additional information on these derivatives see Note 2 — “Acquisitions” and Note 6 — “Derivatives.” Changes in the fair values of these derivatives, and related fees, are included in “Banking and service fees” on the Consolidated Statements of Income. Derivative assets and liabilities are not subject to any counterparty netting and are presented at fair value on a gross basis in “Other assets” and “Accounts payable and other liabilities”, respectively, in the Consolidated Balance Sheets and cash flows related to derivative assets and liabilities are presented in “Net change in assets and liabilities which provide (use) cash - Other Assets” and “Net change in assets and liabilities which provide (use) cash - Accounts payable and other liabilities,” respectively, in the Consolidated Statements of Cash Flows. There are no derivatives in designated hedge accounting relationships.
Furniture, Equipment and Software	Furniture, Equipment and Software . Fixed assets are stated at cost less accumulated depreciation and amortization computed three
Income Taxes	Income Taxes
Securities Borrowed and Securities Loaned	Securities Borrowed and Securities Loaned . Securities borrowed and securities loaned transactions are reported as collateralized financings and recorded at the amount of cash collateral advanced or received. Securities borrowed transactions require the Company to deposit cash with the lender. With respect to securities loaned, the Company receives collateral in the form of cash in an amount in excess of the fair value of securities loaned. The Company monitors the fair value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded, as necessary.
Customer, Broker-Dealer and Clearing Receivables and Payables	Customer, Broker-Dealer and Clearing Receivables and Payables . Customer, broker-dealer and clearing receivables represent amounts due on cash and margin transactions and are generally collateralized by securities owned by clients. These receivables primarily consist of floating-rate loans collateralized by customer-owned securities. The receivables are reported at their outstanding principal balance net of allowance for credit losses. When a receivable is considered to be impaired, an impairment charge is recorded based on the current estimate of expected credit losses for the receivable, which is measured based on current prices from independent sources, such as listed market prices or broker-dealer price quotations. Securities owned by customers, including those that collateralize margin or other similar transactions, are not reflected on the Consolidated Balance Sheets. Also included in these accounts are receivables and payables from brokers and dealers and clearing organizations as well as securities failed to deliver and receive.
Business Combinations	Business Combinations.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets . Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that have finite lives, such as core deposit intangibles, are amortized over their estimated useful lives and subject to periodic impairment testing. Intangible assets (other than goodwill) are amortized to “Depreciation and amortization” a component of non-interest expense on the Consolidated Statements of Income, using accelerated or straight-line methods over their respective estimated useful lives. Goodwill is subject to impairment testing at the reporting unit level, which is conducted at least annually. The Company performs impairment testing during the third quarter of each year or when events or changes in circumstances indicate the assets might be impaired. The Company performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing updated qualitative factors, the Company determines it is more likely than not that the fair value of a reporting unit is less than its carrying amount, it performs a quantitative goodwill impairment test. Determining the fair value of a reporting unit is judgmental and often involves the use of significant estimates and assumptions. Similarly, estimates and assumptions are used in determining the fair value of other intangible assets.
Earnings per Common Share	Earnings per Common Share . Earnings per common share (“EPS”) are presented under two formats: basic EPS and diluted EPS. Basic EPS is computed by dividing the net income by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed using the treasury stock method by dividing net income by the weighted-average number of common shares outstanding during the period, including the additional dilutive potential common shares, such as restricted stock units (“RSUs”).
Stock-Based Compensation	Stock-Based Compensation . Compensation cost is recognized for RSU awards issued to employees, based on the market price of the Company’s common stock on the grant date. The Company has certain share awards that include market conditions that affect vesting. The fair value of these awards is estimated using a Monte Carlo simulation. For awards with only a service condition that have a graded vesting schedule, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. For awards that contain a market condition and have a graded vesting schedule compensation cost is recognized using an accelerated attribution method over the requisite service period for the awards. The Company recognizes forfeitures as they occur.
Stock of Regulatory Agencies	Stock of Regulatory Agencies . The Bank is a member of the Federal Home Loan Bank (“FHLB”) system. Members are required to own a certain amount of FHLB stock based on the level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Axos Securities, LLC is a member of the Depository Trust & Clearing Corporation (“DTCC”), a financial services company providing clearing and settlement services to the financial markets. Members are required to own a certain amount of DTCC stock based on the clearing levels and other factors. DTCC stock is valued based on information provided by the DTCC, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of carrying value.
Low Income Housing Tax Credits “LIHTC”	Low Income Housing Tax Credits (“LIHTC”) .
Cash Surrender Value of Life Insurance	Cash Surrender Value of Life Insurance . The Bank has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other amounts due that are probable at settlement. Cash surrender value of life insurance is included in “Other assets” in the Consolidated Balance Sheets. Changes to the cash surrender value are recorded within “Banking and service fees” in the Consolidated Statements of Income.
Comprehensive Income	Comprehensive Income . Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on available-for-sale securities, which are also recognized as separate components of equity.
Loss Contingencies	Loss Contingencies. The Company records an accrual for a loss contingency when the estimated loss is both probable and reasonably estimated.
Variable Interest Entities	Variable Interest Entities (“VIEs”). The Company determines whether it is the primary beneficiary of a VIE upon its initial involvement with the entity and reassesses whether it remains the primary beneficiary on an ongoing basis. This determination includes an assessment of the design of the VIE, the power to make significant economic decisions and the variable interests held by the Company relative to other parties. The Company consolidated the results of operations and financial position of two securitization trusts, which it considers VIEs. The Company consolidated these VIEs because it is deemed to be the primary beneficiary since the Company has the power to direct the loan servicing activities, which is the activity that most significantly affect the VIEs’ economic performance, and the Company has the obligation to absorb the majority of the losses or benefits through ownership of all of the debt securities issued by the trusts. For these VIEs, the loans transferred to the VIEs are pledged as collateral to the related debt securities. At June 30, 2024 and 2023, certain loans that can only be used to settle debt securities of these VIEs were $1,191.7 million and $21.6 million, respectively. For further information on the loans reflected in the Consolidated Balance Sheets resulting from the consolidation of the two lending-related trust entities, see Note 5— “Loans & Allowance for Credit Losses.” The Company also invests in low-income housing tax credit investments, certain mortgage-backed securities and partnership interests which are determined to be VIEs. However, given that the Company does not have the power to direct the activities of the VIEs that most significantly impact their economic performance, the Company does not consolidate these VIEs. The carrying amount of these non-consolidated VIEs represents the Company's maximum exposure to loss. For additional information on the Company's LIHTC investments, see Note 9 — "Other Assets" and for additional information on the Company's mortgage-backed securities, see Note 4 —
New Accounting Standards	New Accounting Standards Recently Adopted Accounting Standards The Financial Accounting Standards Board (“FASB”) issued three Accounting Standards Updates (“ASUs”) (2020-04, 2021-04 and 2022-06) all of which provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. The Company adopted these ASUs on July 1, 2023, and there was no impact on its financial condition or results of operations upon adoption. On July 1, 2023, the Company adopted ASU 2022-02 which eliminated the accounting guidance for troubled debt restructurings by creditors that have adopted the current expected credit losses (“CECL”) model and enhanced the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. There was no impact on its financial condition or results of operations upon adoption. See Note 5 — “Loans & Allowance for Credit Losses” for the new disclosures as a result of the adoption of this accounting guidance. Accounting Standards Issued But Not Yet Adopted In November 2023, the FASB issued ASU 2023-07 which requires disclosure of significant business segment expenses and a description of the composition of other segment expenses by business segment. The ASU also requires disclosure of the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. This standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption. In December 2023, the FASB issued ASU 2023-09 which requires further granularity on the disclosure of income taxes, including: • Certain prescribed line items in the income tax rate reconciliation presented both in dollar and percentage terms; • Income taxes paid, income before income taxes and income taxes disaggregated by federal, state and foreign taxes; and • Further disaggregation of income taxes paid by any individual jurisdiction equal to or exceeding five percent of total income taxes paid. This standard is effective for fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption.
Fair Value Measurement	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. ASC Topic 820 describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the asset or liability. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models such as discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Classification in the hierarchy is based upon the lowest level of input that is significant to the fair value measurement of the asset or liability.
Fair Value of Financial Instruments	The following section describes the valuation methodologies used by the Company to measure various financial instruments at fair value, including an indication of the level in the fair-value hierarchy in which each instrument is generally classified: Securities—trading and available-for-sale . Trading and available-for-sale securities are recorded at fair value. Available-for-sale securities consist of mortgage-backed securities (“MBS”) issued by U.S. government-backed, including Ginnie Mae, or government-sponsored enterprises including Fannie Mae and Freddie Mac (“agency”), MBS issued by non-agencies and municipal securities. Fair value for agency securities and municipal securities are generally based on quoted market prices of similar securities used to form a dealer quote or a pricing matrix. These securities are classified in Level 2. There continues to be significant illiquidity in the market for MBS issued by non-agencies, impacting the availability and reliability of transparent pricing. As orderly quoted market prices are not available, the Level 3 fair values for these securities are determined by the Company utilizing industry-standard tools to calculate the net present value of the expected cash flows available to the securities from the underlying mortgage assets. To determine the performance of the underlying mortgage loan pools, the Company estimates prepayments, defaults, and loss severities based on a number of macroeconomic factors, including housing price changes, unemployment rates, interest rates and borrower attributes such as credit score and loan documentation at the time of origination. The Company inputs for each security a projection of monthly default rates, loss severity rates and voluntary prepayment rates for the underlying mortgages for the remaining life of the security to determine the expected cash flows. The projections of default rates are derived by the Company from the historic default rate observed in the pool of loans collateralizing the security, increased by and decreased by the forecasted increase or decrease in the national unemployment rate. The projections of loss severity rates are derived by the Company from the historic loss severity rate observed in the pool of loans, increased by or decreased by the forecasted increase or decrease in the national home price index (“HPI”). The largest factors influencing the Company’s modeling of the monthly default rate are unemployment and the HPI, as a strong correlation exists. The most updated unemployment rate reported in June 2024 was 4.1%. Consensus estimates for unemployment are that the rate will increase. The Company agrees with consensus estimates and thus is projecting higher monthly default rates. The Company projects that severities will continue to improve as HPI improves. To determine the discount rates used to compute the present value of the expected cash flows for these non-agency MBS securities, the Company separates the securities by the borrower characteristics in the underlying pool. Specifically, “prime” securities generally have borrowers with higher FICO scores and better documentation of income. “Alt-A” securities generally have borrowers with a lower FICO and less documentation of income. “Pay-option ARMs” are Alt-A securities with borrowers that tend to pay the least amount of principal (or increase their loan balance through negative amortization). The Company calculates separate discount rates for prime, Alt-A and Pay-option ARM non-agency MBS securities using market-participant assumptions for risk, capital and return on equity. The default rates and the severities are projected for every non-agency MBS security held by the Company and will vary monthly based upon the actual performance of the security and the macroeconomic factors discussed above. Based upon the actual performance of the underlying collateral, the securities’ credit enhancement will be impacted. The Company applies its discount rates to the projected monthly cash flows, which already reflect the full impact of all forecasted losses using the assumptions described above. The Company’s estimate of fair value for non-agency securities using Level 3 pricing is highly subjective and is based on the Company’s estimate of voluntary prepayments, default rates, severities and discount margins, which are forecasted monthly over the remaining life of each security. Changes in one or more of these assumptions can cause a significant change in the estimated fair value. For further details see the table later in this note that summarizes quantitative information about level 3 fair value measurements. Loans Held for Sale . The fair value of loans held for sale is determined by pricing for comparable assets or by existing forward sales commitment prices with investors. Loans held for sale are classified as Level 2. Other Real Estate Owned and Repossessed Vehicles . Fair values are generally based on third party appraisals of the property, resulting in a Level 3 classification. In cases where the carrying amount exceeds the fair value, less costs to sell, a valuation allowance is recognized. Servicing Rights . Fair value is derived from market-driven valuation changes as well as modeled amortization involving the run-off of value that occurs due to the passage of time as individual loans are paid by borrowers. Market expectations about loan duration, and correspondingly the expected term of future servicing cash flows, may vary from time to time due to changes in expected prepayment activity, especially when interest rates rise or fall. Fair value is also dependent on the discount rate used in calculating present value, which is derived from observable market activity, market participants, and results in Level 3 classification. Management reviews and adjusts the discount rate and prepayment assumptions on an ongoing basis. Derivatives . The fair value of interest rate locks is estimated based on changes in to be announced (“TBA”) values which are based upon mortgage interest rates from the date the interest on the loan is locked, adjusted for items such as estimated fallout and costs to originate the loan. These are classified under level 2. The fair value of forward sale commitments is based upon prices in active secondary markets for identical securities or based on quoted market prices of similar assets used to form a dealer quote or a pricing matrix. If no such quoted price exists, the fair value of a commitment is determined by quoted prices for a similar commitment or commitments, adjusted for the specific attributes of each commitment. These are classified under level 2. The fair value of interest rate swaps and caps entered into to facilitate customer transaction activity is based upon observable market forward rate curves. These are classified under Level 2.
Credit Quality Indicators	Credit Quality Indicators . The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass . Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date after considering the obligor’s current net worth and paying capacity and the underlying collateral value less cost to acquire and sell in a timely manner. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards.

ORGANIZATIONS AND SUMMARY OF _3

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Non-interest Income, Segregated by Revenue Streams	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of ASC 606 for the periods indicated: Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Advisory fee income $ 31,335 $ 28,324 $ 28,309 Broker-dealer clearing fees 20,643 21,903 19,754 Deposit service fees 4,257 4,517 4,508 Card fees 2,516 4,410 3,764 Technology and service fees 5,890 6,107 3,099 Non-interest income (in-scope ASC 606) 64,641 65,261 59,434 Non-interest income (out-of-scope ASC 606) 158,019 55,227 53,929 Total non-interest income $ 222,660 $ 120,488 $ 113,363
Schedule of Cash and Cash Equivalents	The table below presents cash and cash equivalents based on non-interest-earning and interest-earning status. At June 30, (Dollars in thousands) 2024 2023 Non-interest-earning cash and cash equivalents $ 66,563 $ 92,645 Interest-earning cash and cash equivalents 2,119,213 2,289,441 Total cash and cash equivalents $ 2,185,776 $ 2,382,086

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Asset Acquisition	The following table summarizes the PCD loans acquired in the FDIC Loan Purchase: (Dollars in thousands) Total Unpaid principal balance $ 341,301 Non-credit discount (100,686) Allowance for credit losses at acquisition (70,097) Purchase price $ 170,518

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: June 30, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 353 $ — $ 353 Available-for-sale securities: Agency MBS 1 27,259 — 27,259 Non-Agency MBS 2 — 110,928 110,928 Municipal 3,424 — 3,424 Total—Available-for-sale securities: $ 30,683 $ 110,928 $ 141,611 Loans held for sale $ 16,482 $ — $ 16,482 Servicing rights $ — $ 28,924 $ 28,924 Other assets—Derivative instruments 3 $ 106,796 $ — $ 106,796 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 102,949 $ — $ 102,949 June 30, 2023 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 758 $ — $ 758 Available-for-sale securities: Agency MBS 1 23,947 — 23,947 Non-Agency MBS 2 — 205,005 205,005 Municipal 3,398 — 3,398 Total—Available-for-sale securities: $ 27,345 $ 205,005 $ 232,350 Loans held for sale $ 23,203 $ — $ 23,203 Servicing rights $ — $ 25,443 $ 25,443 Other assets—Derivative instruments $ 919 $ — $ 919 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 691 $ — $ 691 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option adjustable rate mortgages (“ARMs”). 3 Gross derivative assets as of June 30, 2024 are presented gross of $85.2 million of variation margin on centrally-cleared derivatives.
Schedule of Additional Information About Assets Measured at Fair Value on a Recurring Basis and for which the Company has Utilized Level 3 Inputs to Determine Fair Value	The following tables present additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Fiscal Year Ended June 30, 2024 (Dollars in thousands) Available-for-Sale Securities: Servicing Rights 1 Total Opening Balance $ 205,005 $ 25,443 $ 230,448 Transfers into Level 3 — — — Transfers out of Level 3 — — — Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — 739 739 Included in other comprehensive income 5,535 — 5,535 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 2,742 2,742 Issues — — — Sales — — — Settlements (99,612) — (99,612) Closing balance $ 110,928 $ 28,924 $ 139,852 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 739 $ 739 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $1.2 million for the fiscal year ended June 30, 2024 and a decrease in servicing rights value resulting from market-driven changes in interest rates of $1.9 million for the fiscal year ended June 30, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. Fiscal Year Ended June 30, 2023 (Dollars in thousands) Available-for-Sale Securities: Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Transfers into Level 3 — — — — Transfers out of Level 3 — — (464) (464) Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (634) — (634) Included in other comprehensive income (4,464) — — (4,464) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 864 — 30,864 Issues — — — — Sales — — — — Settlements (7,345) — — (7,345) Closing balance $ 205,005 $ 25,443 $ — $ 230,448 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (634) $ — $ (634) 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.9 million for the fiscal year ended June 30, 2023 and an increase in servicing rights value resulting from market-driven changes in interest rates of $0.3 million for the fiscalyear ended June 30, 2023. Additions to servicing rights were retained upon sale of loans held for sale.
Schedule of Quantitative Information About Level 3 Fair Value Measurements	The table below summarizes the quantitative information about Level 3 fair value measurements: June 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Securities – Non-agency MBS $ 110,928 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps, Credit Enhancement 0.0 to 72.1% (38.0%) 0.0 to 13.7% (2.8%) 0.0 to 68.9% (32.9%) 2.5 to 4.9% (2.5%) 0.0 to 64.9% (22.8%) Servicing Rights $ 28,924 Discounted Cash Flow Projected Constant Prepayment Rate, 5.5 to 95.2% (11.8%) 0.4 to 14.9 (7.9) 9.5 to 11.2% (9.8%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Securities – Non-agency MBS $ 205,005 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over LIBOR, Credit Enhancement 0.0 to 59.7% (32.0%) 0.0 to 7.5% (2.4%) 0.0 to 68.7% (28.5%) 2.6 to 7.5% (2.7%) 0.0 to 93.9% (20.9%) Servicing Rights $ 25,443 Discounted Cash Flow Projected Constant Prepayment Rate, 6.1 to 40.1% (12.6%) 1.8 to 10.9 (7.7) 9.5 to 11.5% (9.6%) 1 The weighted average for Securities - Non-agency MBS is based on the relative fair value of the securities and for Servicing Rights is based on the relative unpaid principal of the loans being serviced. The following table presents quantitative information about Level 3 fair value measurements for other real estate owned measured at fair value on a non-recurring basis: June 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 1,840 Sales comparison approach Differences between the comparable sales 77.0% to 98.2% (80.2%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 5,574 Sales comparison approach Differences between the comparable sales 62.1 to 93.6% (62.1%) Multifamily real estate $ 1,392 Sales comparison approach and income approach Differences between the comparable sales and differences in net operating income expectations, capitalization rate 49.8 to 54.5% (49.8%) 1 For other real estate owned the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the asset being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. The weighted average is based on the relative fair value of comparable sales.
Schedule of Aggregate Fair Value, Contractual Balance, and Unrealized Gain of Loans Held For Sale	The aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest) and unrealized gain were: At June 30, (Dollars in thousands) 2024 2023 Aggregate fair value $ 16,482 $ 23,203 Contractual balance 15,966 22,844 Unrealized gain $ 516 $ 359 The total interest income and amount of gains and losses from changes in fair value included in earnings for loans held for sale were: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Interest income $ 769 $ 415 $ 739 Change in fair value 122 57 (2,474) Total $ 891 $ 472 $ (1,735)
Schedule of Fair Value Assets Measured for Impairment on Nonrecurring Basis	The table below summarizes assets measured at fair value on a non-recurring basis: June 30, 2024 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 1,840 $ 1,840 Autos — — 610 610 Total $ — $ — $ 2,450 $ 2,450 June 30, 2023 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 5,574 $ 5,574 Multifamily real estate — — 1,392 1,392 Autos — — 1,133 1,133 Total $ — $ — $ 8,099 $ 8,099
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Year-end	The carrying amount and estimated fair values of financial instruments were as follows: June 30, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,185,776 $ 2,185,776 $ — $ — $ 2,185,776 Trading securities 353 — 353 — 353 Available-for-sale securities 141,611 — 30,683 110,928 141,611 Stock of regulatory agencies 21,957 — 21,957 — 21,957 Loans held for sale, at fair value 16,482 — 16,482 — 16,482 Loans held for investment—net 19,231,385 — — 19,209,442 19,209,442 Securities borrowed 67,212 — — 71,480 71,480 Customer, broker-dealer and clearing receivables 240,028 — — 249,317 249,317 Servicing rights 28,924 — — 28,924 28,924 Other assets - derivative instruments 1 106,796 — 106,796 — 106,796 Financial liabilities: Total deposits 19,359,217 — 19,217,281 — 19,217,281 Advances from the Federal Home Loan Bank 90,000 — 84,201 — 84,201 Borrowings, subordinated notes and debentures 325,679 — 302,487 — 302,487 Securities loaned 74,177 — — 74,021 74,021 Customer, broker-dealer and clearing payables 301,127 — — 301,127 301,127 Accounts payable and other liabilities - derivative instruments 102,949 — 102,949 — 102,949 1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives. June 30, 2023 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,382,086 $ 2,382,086 $ — $ — $ 2,382,086 Trading securities 758 — 758 — 758 Available-for-sale securities 232,350 — 27,345 205,005 232,350 Stock of regulatory agencies 21,510 — 21,510 — 21,510 Loans held for sale, at fair value 23,203 — 23,203 — 23,203 Loans held for sale, at lower of cost or fair value 776 — — 780 780 Loans held for investment—net 16,456,728 — — 16,417,183 16,417,183 Securities borrowed 134,339 — — 143,461 143,461 Customer, broker-dealer and clearing receivables 374,074 — — 386,082 386,082 Servicing rights 25,443 — — 25,443 25,443 Other assets - derivative instruments 919 — 919 — 919 Financial liabilities: Total deposits 17,123,108 — 17,064,084 — 17,064,084 Advances from the Federal Home Loan Bank 90,000 — 83,192 — 83,192 Borrowings, subordinated notes and debentures 361,779 — 327,564 — 327,564 Securities loaned 159,832 — — 159,416 159,416 Customer, broker-dealer and clearing payables 445,477 — — 445,447 445,447 Accounts payable and other liabilities - derivative instruments 691 — 691 — 691

AVAILABLE-FOR-SALE SECURITIES (

AVAILABLE-FOR-SALE SECURITIES (Tables)	12 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Carrying Amount and Fair Value of Available-for-sale Securities	The amortized cost and fair value of available-for-sale securities were: June 30, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 29,835 $ 83 $ (2,659) $ 27,259 Non-agency 2 110,658 838 (568) 110,928 Total mortgage-backed securities 140,493 921 (3,227) 138,187 Municipal 3,788 — (364) 3,424 Total available-for-sale securities $ 144,281 $ 921 $ (3,591) $ 141,611 June 30, 2023 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 27,024 $ — $ (3,077) $ 23,947 Non-agency 2 210,271 711 (5,977) 205,005 Total mortgage-backed securities 237,295 711 (9,054) 228,952 Municipal 3,656 — (258) 3,398 Total available-for-sale securities $ 240,951 $ 711 $ (9,312) $ 232,350 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by prime, Alt-A or pay-option ARM mortgages. The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our non-MBS, which is based on the contractual maturity: As of June 30, 2024 (Dollars in thousands) Total Amount Due Within One Year Due after One but within Five Years Due after Five but within Ten Years Due After Ten Years MBS: Agency $ 29,835 $ 7,122 $ 13,862 $ 6,682 $ 2,169 Non-Agency 110,658 103,991 4,665 1,407 595 Total MBS $ 140,493 $ 111,113 $ 18,527 $ 8,089 $ 2,764 Municipal 3,788 — — — 3,788 Available-for-sale—Amortized cost $ 144,281 $ 111,113 $ 18,527 $ 8,089 $ 6,552 Available-for-sale—Fair value $ 141,611 $ 110,283 $ 17,388 $ 7,636 $ 6,304
Schedule of Securities in a Continuous Unrealized Loss Position	Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were: June 30, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 2,644 $ (31) $ 19,298 $ (2,628) $ 21,942 $ (2,659) Non-agency 15 — 78,364 (568) 78,379 (568) Total MBS 2,659 (31) 97,662 (3,196) 100,321 (3,227) Municipal — — 3,424 (364) 3,424 (364) Total available-for-sale securities $ 2,659 $ (31) $ 101,086 $ (3,560) $ 103,745 $ (3,591) June 30, 2023 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 3,182 $ (16) $ 20,642 $ (3,061) $ 23,824 $ (3,077) Non-agency 107,982 (1,808) 95,385 (4,169) 203,367 (5,977) Total MBS 111,164 (1,824) 116,027 (7,230) 227,191 (9,054) Municipal — — 3,398 (258) 3,398 (258) Total available-for-sale securities $ 111,164 $ (1,824) $ 119,425 $ (7,488) $ 230,589 $ (9,312)

LOANS & ALLOWANCE FOR CREDIT _2

LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	12 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Composition of the Loan Portfolio	The following table sets forth the composition of the loan portfolio: (Dollars in thousands) June 30, 2024 June 30, 2023 Single Family - Mortgage & Warehouse $ 4,178,832 $ 4,173,833 Multifamily and Commercial Mortgage 1 3,861,931 3,082,225 Commercial Real Estate 1 6,088,622 6,199,818 Commercial & Industrial - Non-RE 5,241,766 2,639,650 Auto & Consumer 431,660 556,500 Total gross loans 19,802,811 16,652,026 Allowance for credit losses - loans (260,542) (166,680) Unaccreted premiums (discounts) and loan fees (310,884) (28,618) Total net loans $ 19,231,385 $ 16,456,728 1 Includes PCD loans of $284 million in Multifamily and Commercial Mortgage and $44.5 million in Commercial Real Estate as of June 30, 2024. For further detail on PCD loans refer to Note 1—“Organizations and Summary of Significant Accounting Policies.”
Schedule of Allowance for Credit Losses on Financing Receivables	The following table presents the components of the provision for credit losses: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Provision for credit losses - loans $ 32,750 $ 24,750 $ 18,500 Provision for credit losses - unfunded lending commitments (250) (500) 5,250 Total provision for credit losses $ 32,500 $ 24,250 $ 23,750 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment: June 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,227 $ 166,680 Allowance for credit losses at acquisition of PCD loans — 58,997 11,125 — — 70,122 Provision (benefit) for credit losses - loans (489) (4,434) 3,900 29,769 4,004 32,750 Charge-offs (172) (640) — (84) (11,013) (11,909) Recoveries 101 — — — 2,798 2,899 Balance at June 30, 2024 $ 16,943 $ 70,771 $ 87,780 $ 76,032 $ 9,016 $ 260,542 June 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,145 $ 148,617 Provision (benefit) for credit losses - loans (2,302) 2,193 3,416 15,521 5,922 24,750 Charge-offs (314) — — — (9,142) (9,456) Recoveries 449 — — 18 2,302 2,769 Balance at June 30, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,227 $ 166,680 June 30, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,820 $ 132,958 Provision (benefit) for credit losses - loans (7,009) 1,332 11,411 2,544 10,222 18,500 Charge-offs (82) — — (322) (4,024) (4,428) Recoveries 157 177 — 126 1,127 1,587 Balance at June 30, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,145 $ 148,617 The following tables present a summary of the activity in the unfunded loan commitment liabilities for the periods indicated: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 BALANCE—beginning of year $ 10,473 $ 10,973 $ 5,723 Provision (Benefit) (250) (500) 5,250 BALANCE—end of year $ 10,223 $ 10,473 $ 10,973
Schedule of Real Estate Loans, LTV Ratio	The following table presents LTVs for the Company’s real estate loans outstanding as of June 30, 2024: Total Real Estate Loans Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Weighted-Average LTV 48.9 % 56.7 % 55.5 % 40.5 % Median LTV 54.0 % 56.0 % 50.0 % 43.0 %
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual	The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment: June 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,133,121 $ 3,826,877 $ 6,062,520 $ 5,237,746 $ 429,188 $ 19,689,452 Nonaccrual 45,711 35,054 26,102 4,020 2,472 113,359 Total $ 4,178,832 $ 3,861,931 $ 6,088,622 $ 5,241,766 $ 431,660 $ 19,802,811 Nonaccrual loans to total loans 0.57 % June 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,143,119 $ 3,047,122 $ 6,184,966 $ 2,636,661 $ 552,998 $ 16,564,866 Nonaccrual 30,714 35,103 14,852 2,989 $ 3,502 87,160 Total $ 4,173,833 $ 3,082,225 $ 6,199,818 $ 2,639,650 $ 556,500 $ 16,652,026 Nonaccrual loans to total loans 0.52 %
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators	The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of gross charge-offs: June 30, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Single Family-Mortgage & Warehouse Pass $ 491,822 $ 590,060 $ 1,200,230 $ 487,132 $ 291,047 $ 720,049 $ 256,778 $ 4,037,118 Special Mention 31,000 — 24,489 665 6,591 26,873 — 89,618 Substandard — 283 6,728 — 14,720 30,365 — 52,096 Doubtful — — — — — — — — Total 522,822 590,343 1,231,447 487,797 312,358 777,287 256,778 4,178,832 Gross charge-offs — — — — — 172 — 172 Multifamily and Commercial Mortgage Pass 36,058 700,163 994,004 595,299 510,341 811,184 — 3,647,049 Special Mention — 29,325 46,194 17,478 9,011 10,277 — 112,285 Substandard — 13,489 12,509 15,507 41,013 20,079 — 102,597 Doubtful — — — — — — — — Total 36,058 742,977 1,052,707 628,284 560,365 841,540 — 3,861,931 Gross charge-offs — — — — 640 — — 640 Commercial Real Estate Pass 1,952,001 1,419,399 1,456,643 221,061 7,741 53,000 866,686 5,976,531 Special Mention — — 27,452 — — — — 27,452 Substandard — 5,600 43,700 5,000 — 30,339 — 84,639 Doubtful — — — — — — — — Total 1,952,001 1,424,999 1,527,795 226,061 7,741 83,339 866,686 6,088,622 Gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 991,497 458,454 238,397 44,923 10,422 12,867 3,295,425 5,051,985 Special Mention — 1,613 731 1,818 — — 5,349 9,511 Substandard — 34,433 122,729 1,031 — 2,988 19,089 180,270 Doubtful — — — — — — — — Total 991,497 494,500 361,857 47,772 10,422 15,855 3,319,863 5,241,766 Gross charge-offs — — — — — 84 — 84 Auto & Consumer Pass 65,766 114,615 177,043 43,287 13,402 14,056 — 428,169 Special Mention 33 213 422 176 — 61 — 905 Substandard 142 547 1,264 410 114 109 — 2,586 Doubtful — — — — — — — — Total 65,941 115,375 178,729 43,873 13,516 14,226 — 431,660 Gross charge-offs 202 3,471 5,212 1,556 303 269 — 11,013 Total Pass 3,537,144 3,282,691 4,066,317 1,391,702 832,953 1,611,156 4,418,889 19,140,852 Special Mention 31,033 31,151 99,288 20,137 15,602 37,211 5,349 239,771 Substandard 142 54,352 186,930 21,948 55,847 83,880 19,089 422,188 Doubtful — — — — — — — — Total $ 3,568,319 $ 3,368,194 $ 4,352,535 $ 1,433,787 $ 904,402 $ 1,732,247 $ 4,443,327 $ 19,802,811 As a % of total gross loans 18.0% 17.0% 22.0% 7.2% 4.6% 8.8% 22.4% 100.0% Total gross charge-offs $ 202 $ 3,471 $ 5,212 $ 1,556 $ 943 $ 525 $ — $ 11,909 June 30, 2023 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 730,498 $ 1,346,804 $ 522,873 $ 324,458 $ 255,547 $ 639,401 $ 243,175 $ 4,062,756 Special Mention — 7,280 7,026 8,303 12,942 18,244 6,614 60,409 Substandard — 5,188 4,686 14,384 2,024 24,386 — 50,668 Doubtful — — — — — — — — Total 730,498 1,359,272 534,585 347,145 270,513 682,031 249,789 4,173,833 Multifamily and Commercial Mortgage Pass 558,787 975,186 498,744 314,383 224,592 404,222 — 2,975,914 Special Mention — 9,691 4,636 1,360 7,705 — — 23,392 Substandard — 3,145 5,686 38,857 6,181 29,050 — 82,919 Doubtful — — — — — — — — Total 558,787 988,022 509,066 354,600 238,478 433,272 — 3,082,225 Commercial Real Estate Pass 1,867,476 2,323,095 631,500 87,059 117,928 — 960,024 5,987,082 Special Mention 29,000 43,427 — 8,457 800 15,062 — 96,746 Substandard — 29,200 37,951 18,500 15,487 14,852 — 115,990 Doubtful — — — — — — — — Total 1,896,476 2,395,722 669,451 114,016 134,215 29,914 960,024 6,199,818 Commercial & Industrial - Non-RE Pass 488,120 358,214 29,777 14,794 2,098 — 1,707,619 2,600,622 Special Mention — 8,221 — 11,413 — — 600 20,234 Substandard — 17,762 1,032 — — — — 18,794 Doubtful — — — — — — — — Total 488,120 384,197 30,809 26,207 2,098 — 1,708,219 2,639,650 Auto & Consumer Pass 167,552 256,154 71,529 24,906 19,897 11,093 — 551,131 Special Mention 423 632 453 60 14 6 — 1,588 Substandard 350 2,785 278 133 162 73 — 3,781 Doubtful — — — — — — — — Total 168,325 259,571 72,260 25,099 20,073 11,172 — 556,500 Total Pass 3,812,433 5,259,453 1,754,423 765,600 620,062 1,054,716 2,910,818 16,177,505 Special Mention 29,423 69,251 12,115 29,593 21,461 33,312 7,214 202,369 Substandard 350 58,080 49,633 71,874 23,854 68,361 — 272,152 Doubtful — — — — — — — — Total $ 3,842,206 $ 5,386,784 $ 1,816,171 $ 867,067 $ 665,377 $ 1,156,389 $ 2,918,032 $ 16,652,026 As a % of total gross loans 23.1% 32.4% 10.9% 5.2% 4.0% 6.9% 17.5% 100.0%
Schedule of Past Due Loan and Leases	The following tables provide the aging of loans by portfolio segment: June 30, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,070,186 $ 46,387 $ 18,401 $ 43,858 $ 4,178,832 Multifamily and Commercial Mortgage 3,795,387 13,074 8,554 44,916 3,861,931 Commercial Real Estate 6,024,470 — 25,950 38,202 6,088,622 Commercial & Industrial - Non-RE 5,240,734 — — 1,032 5,241,766 Auto & Consumer 424,555 4,644 996 1,465 431,660 Total $ 19,555,332 $ 64,105 $ 53,901 $ 129,473 $ 19,802,811 As a % of total gross loans 98.75 % 0.33 % 0.27 % 0.65 % 100.00 % June 30, 2023 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,102,150 $ 20,832 $ 7,971 $ 42,880 $ 4,173,833 Multifamily and Commercial Mortgage 3,048,217 2,705 1,124 30,179 3,082,225 Commercial Real Estate 6,173,716 11,250 — 14,852 6,199,818 Commercial & Industrial - Non-RE 2,639,650 — — — 2,639,650 Auto & Consumer 545,205 6,597 1,708 2,990 556,500 Total $ 16,508,938 $ 41,384 $ 10,803 $ 90,901 $ 16,652,026 As a % of total gross loans 99.14 % 0.25 % 0.06 % 0.55 % 100.00 %
Schedule of Related Party Loans Collateralized	In the ordinary course of business, the Company has granted related party loans collateralized by real property to certain executive officers, directors and their affiliates, which is summarized in the following table: At or for the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 Outstanding loan balance $ 29,673 $ 29,181 Loans originated and funded $ 1,044 $ 5,052 Principal repayments $ 552 $ 1,444

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the fair values and notional amounts of the Company’s derivative instruments. While the notional amounts give an indication of the volume of the Company’s derivatives activity, the notional amounts significantly exceed, in the Company’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged, rather it is a reference amount used to calculate payments. Interest Rate Contracts (Dollars in thousands) As of June 30, 2024 As of June 30, 2023 Other Assets — Derivative Assets — Fair Value 1 $ 106,796 $ 919 Accounts Payable and Other Liabilities — Derivative Liabilities — Fair Value $ 102,949 $ 691 Derivative Assets — Notional $ 1,227,742 $ 231,709 Derivative Liabilities — Notional $ 1,208,132 $ 204,522 1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives.
Schedule of Derivative Instruments, Gain (Loss)	The following table presents the gains (losses) related to the Company’s derivative instrument activity recognized in the Consolidated Statements of Income: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Banking and service fees $ 470 $ 803 $ — Mortgage banking and servicing rights income $ 782 $ 916 $ 3,129

OFFSETTING OF DERIVATIVES AND_2

OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS (Tables)	12 Months Ended
	Jun. 30, 2024
Offsetting [Abstract]
Schedule of Securities Financing Transactions - Assets	The following tables present information about the offsetting of these instruments and related collateral amounts: June 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Cash Collateral Net Assets / Liabilities Assets: Securities borrowed $ 67,212 $ — $ 67,212 $ 67,212 $ — $ — Other Assets — Derivative Assets 1 106,796 — 106,796 414 18,110 88,272 Liabilities: Securities loaned $ 74,177 $ — $ 74,177 $ 74,177 $ — $ — Accounts Payable and Other Liabilities — Derivative Liabilities 102,949 — 102,949 414 — 102,535 June 30, 2023 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 134,339 $ — $ 134,339 $ 134,339 $ — Other Assets — Derivative Assets 919 — 919 — 919 Liabilities: Securities loaned $ 159,832 $ — $ 159,832 $ 159,832 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 691 691 691 1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives.
Schedule of Securities Financing Transactions - Liabilities	The following tables present information about the offsetting of these instruments and related collateral amounts: June 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Cash Collateral Net Assets / Liabilities Assets: Securities borrowed $ 67,212 $ — $ 67,212 $ 67,212 $ — $ — Other Assets — Derivative Assets 1 106,796 — 106,796 414 18,110 88,272 Liabilities: Securities loaned $ 74,177 $ — $ 74,177 $ 74,177 $ — $ — Accounts Payable and Other Liabilities — Derivative Liabilities 102,949 — 102,949 414 — 102,535 June 30, 2023 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 134,339 $ — $ 134,339 $ 134,339 $ — Other Assets — Derivative Assets 919 — 919 — 919 Liabilities: Securities loaned $ 159,832 $ — $ 159,832 $ 159,832 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 691 691 691 1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives.

CUSTOMER, BROKER-DEALER AND C_2

CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES (Tables)	12 Months Ended
	Jun. 30, 2024
Broker-Dealer [Abstract]
Schedule of Due to (from) Broker-Dealers and Clearing Organizations	Customer, broker-dealer and clearing receivables and payables consisted of the following: At June 30, (Dollars in thousands) 2024 2023 Receivables: Customers $ 220,243 $ 309,308 Broker-dealer and clearing organizations: Receivable from broker-dealers 17,885 57,735 Securities failed to deliver 1,900 7,031 Total customer, broker-dealer and clearing receivables $ 240,028 $ 374,074 Payables: Customers $ 280,620 $ 382,689 Broker-dealer and clearing organizations: Payable to broker-dealers 18,112 58,758 Securities failed to receive 2,395 4,030 Total customer, broker-dealer and clearing payables $ 301,127 $ 445,477

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Jun. 30, 2024
Other Assets [Abstract]
Schedule of Bank-Owned Life Insurance Activity	The following table summarizes the activity in the Company’s bank-owned life insurance (“BOLI”). Income related to bank-owned life insurance is included in “Banking and service fees” in the Consolidated Statements of Income. (Dollars in thousands) BOLI Balance as of June 30, 2021 $ 56,555 Additions 100,000 Change in contract value 4,220 Balance as of June 30, 2022 $ 160,775 Death benefits (1,805) Change in contract value 4,444 Balance as of June 30, 2023 $ 163,414 Change in contract value 5,360 Balance as of June 30, 2024 $ 168,774
Schedule of Furniture, Equipment And Software	A summary of the cost and accumulated depreciation and amortization for leasehold improvements, furniture, equipment and software is as follows: At June 30, (Dollars in thousands) 2024 2023 Software $ 134,311 $ 105,687 Computer hardware and equipment 32,195 26,685 Furniture and fixtures 11,788 10,689 Leasehold improvements 6,281 5,963 Total $ 184,575 $ 149,024 Less accumulated depreciation and amortization (111,956) (95,660) Furniture, equipment and software—net $ 72,619 $ 53,364
Schedule of Supplemental Balance Sheet Information	Supplemental information related to the Company’s operating leases is as follows: At June 30, (Dollars in thousands) 2024 2023 Right-of-use assets $ 59,989 $ 63,565 Lease liabilities $ 65,923 69,630 Weighted-average remaining lease term 5.66 years 6.57 years Weighted-average discount rate 3.09 % 3.00 %
Schedule of Supplemental Cash Flow Information	Supplemental cash flow information related to leases is as follows: For the Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities for operating leases—operating cash flows $ 11,821 $ 10,658 $ 9,888
Schedule of Maturities of Operating Lease Liabilities	The following table represents maturities of lease liabilities: (Dollars in thousands) June 30, 2024 Within one year $ 12,746 After one year and within two years 12,464 After two years and within three years 12,591 After three years and within four years 11,341 After four years within five years 10,465 After five years 12,135 Total lease payments 71,742 Less: amount representing interest (5,819) Total lease liability $ 65,923
Schedule of LIHTC investments	The Company recognized the following income and tax benefits for its LIHTC investments. For the fiscal year ended June 30, (Dollars in thousands) 2024 2023 Tax credits recognized $ 3,394 $ 2,780 Other tax benefits recognized 1,466 759 Amortization (3,574) (2,697) Net benefit (expense) included in income tax expense 1,286 842 Other income (loss) included in banking and service fees 2 5 Net benefit (expense) included in the Consolidated Statements of Income $ 1,288 $ 847 The Company recognized the following investments on its balance sheets. For the fiscal year ended June 30, (Dollars in thousands) 2024 2023 LIHTC investments $ 65,873 $ 33,284 LIHTC unfunded commitments 1 $ 40,617 $ 13,514 1 LIHTC unfunded commitments are included in “Accounts Payable and Other Liabilities” on the Consolidated Balance Sheets.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Activity in the Company's Goodwill Balance	The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated: (Dollars in thousands) Total Balance as of June 30, 2022 $ 95,674 Goodwill from acquisitions 1,999 Balance as of June 30, 2023 97,673 Goodwill from acquisitions — Balance as of June 30, 2024 $ 97,673
Schedule of Company's Acquired Intangible Assets	The Company’s acquired intangible assets are summarized as follows as of the dates indicated: June 30, 2024 June 30, 2023 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Covenant not to compete $ 1,387 $ 1,258 $ 129 $ 1,380 $ 1,149 $ 231 Customer relationships 50,810 18,453 32,357 50,810 14,598 36,212 Customer deposit intangible 13,545 10,569 2,976 13,545 9,235 4,310 Developed technologies 34,650 26,833 7,817 34,650 21,405 13,245 Trademark 378 — 378 378 — 378 Trade name 950 637 313 700 600 100 Workforce 206 79 127 — — — Total intangible assets $ 101,926 $ 57,829 $ 44,097 $ 101,463 $ 46,987 $ 54,476
Schedule of Company's Acquired Intangible Assets	The Company’s acquired intangible assets are summarized as follows as of the dates indicated: June 30, 2024 June 30, 2023 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Covenant not to compete $ 1,387 $ 1,258 $ 129 $ 1,380 $ 1,149 $ 231 Customer relationships 50,810 18,453 32,357 50,810 14,598 36,212 Customer deposit intangible 13,545 10,569 2,976 13,545 9,235 4,310 Developed technologies 34,650 26,833 7,817 34,650 21,405 13,245 Trademark 378 — 378 378 — 378 Trade name 950 637 313 700 600 100 Workforce 206 79 127 — — — Total intangible assets $ 101,926 $ 57,829 $ 44,097 $ 101,463 $ 46,987 $ 54,476
Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets	Estimated future amortization expense related to finite-lived intangible assets at June 30, 2024 is as follows: (Dollars in thousands) Amortization Expense For the fiscal year ending June 30, 2025 $ 7,408 2026 6,364 2027 6,027 2028 4,935 2029 3,306

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
Schedule of Deposits	The following table sets forth the composition of the deposit portfolio: June 30, 2024 June 30, 2023 (Dollars in thousands) Amount Rate 1 Amount Rate 1 Non-interest-bearing $ 2,975,631 — % $ 2,898,150 — % Interest-bearing: Demand 2,485,325 2.42 % 3,334,615 2.43 % Savings 12,960,165 4.58 % 9,575,781 4.20 % Total interest-bearing demand and savings 15,445,490 4.23 % 12,910,396 3.74 % Time deposits: $250 and under 567,192 4.34 % 932,436 3.72 % Greater than $250 370,904 4.76 % 382,126 4.36 % Total time deposits 938,096 4.51 % 1,314,562 3.91 % Total interest-bearing 16,383,586 4.24 % 14,224,958 3.76 % Total deposits 2 $ 19,359,217 3.59 % $ 17,123,108 3.12 % 1 Based on weighted-average stated interest rates at end of period. 2 Total deposits includes brokered deposits of $1,611.6 million and $2,028.5 million as of June 30, 2024 and June 30, 2023, respectively, of which $400.0 million and $690.9 million, respectively, are time deposits classified as $250,000 and under .
Schedule of Maturities for Total Time Deposits	Scheduled maturities of time deposits are as follows: (Dollars in thousands) June 30, 2024 Within 12 months $ 912,828 13 to 24 months 13,892 25 to 36 months 4,046 37 to 48 months 5,599 49 to 60 months 1,731 Total $ 938,096

ADVANCES FROM THE FEDERAL HOM_2

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Tables)	12 Months Ended
	Jun. 30, 2024
Advance from Federal Home Loan Bank [Abstract]
Schedule of Federal Home Loan Bank, Advances, by Maturity	Maturities and weighted-average rates of fixed-rate advances from FHLB are as follows: At June 30, 2024 2023 (Dollars in thousands) Amount Weighted- Amount Weighted- Within one year $ 30,000 2.82 % $ — — % After one but within two years — — % 30,000 2.82 % After two but within three years — — % — — % After three but within four years — — % — — % After four but within five years — — % — — % After five years 60,000 2.07 % 60,000 2.07 % Total $ 90,000 2.32 % $ 90,000 2.32 %

BORROWINGS, SUBORDINATED NOTE_2

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES (Tables)	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Borrowings, Subordinated Notes and Debentures	The following table sets forth the composition of the borrowings, subordinated notes and debentures as of the dates indicated: (Dollars in thousands) June 30, 2024 June 30, 2023 Borrowings from other banks $ — $ 27,200 Subordinated loans 7,400 7,400 Subordinated notes 315,000 325,000 Junior subordinated debentures 5,155 5,155 Total borrowings, subordinated notes and debentures, gross of unamortized issuance costs 327,555 364,755 Less unamortized issuance costs (1,876) (2,976) Total borrowings, subordinated notes and debentures, net of unamortized issuance costs $ 325,679 $ 361,779
Schedule of Maturities of Borrowings, Subordinated Notes and Debentures	Maturities of borrowings, subordinated notes and debentures are as follows: (Dollars in thousands) June 30, 2024 Within one year $ 7,400 After one but within two years — After two but within three years — After three but within four years — After four but within five years — After five years 320,155 Total $ 327,555

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Provision for Income Taxes	The provision for income taxes is as follows: At June 30, (Dollars in thousands) 2024 2023 2022 Current: Federal $ 98,814 $ 89,839 $ 64,800 State 53,525 54,326 43,843 152,339 144,165 108,643 Deferred: Federal 17,501 (13,084) (5,600) State 15,633 (6,502) (3,800) 33,134 (19,586) (9,400) Total $ 185,473 $ 124,579 $ 99,243
Schedule of Effective Income Tax Rate Reconciliation	The differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: At June 30, 2024 2023 2022 Statutory federal tax rate 21.00 % 21.00 % 21.00 % Increase (decrease) resulting from: State taxes—net of federal tax benefit 8.90 % 9.04 % 9.13 % Tax credits (0.58) % (0.45) % (0.44) % Non-taxable income (0.08) % (0.03) % (0.09) % Excess benefit RSU vesting (0.42) % (0.41) % (1.31) % Other 0.37 % (0.30) % 0.90 % Effective tax rate 29.19 % 28.85 % 29.19 %
Schedule of Net Deferred Tax Asset	The components of the net deferred tax asset are as follows: At June 30, (Dollars in thousands) 2024 2023 Deferred tax assets: Allowance for credit losses $ 96,275 $ 64,655 Lease liability 21,400 22,654 Accrued compensation 9,783 7,564 Stock-based compensation expense 8,282 6,980 Litigation accrual 5,324 5,206 Nonaccrual loan interest income 9,034 4,962 Unrealized net losses on securities 1,079 2,730 Net operating loss carryforward 1,160 1,484 State taxes 4,282 1,064 Securities impaired 273 267 Total deferred tax assets $ 156,892 $ 117,566 Deferred tax liabilities: Basis difference in acquired loans (78,034) — Operating lease right-of-use asset (19,406) (20,681) Depreciation and amortization (4,679) (7,533) Other assets—prepaids (2,183) (2,342) FHLB stock dividend (852) (833) Total deferred tax liabilities $ (105,154) $ (31,389) Net deferred tax asset 51,738 86,177 Valuation allowance (70) (277) Net deferred tax asset, net of valuation allowance 1 $ 51,668 $ 85,900 1 Net deferred tax asset, net of valuation allowance, is included in “Other Assets” in the Consolidated Balance Sheets.
Schedule of Unrecognized Tax Benefits Roll Forward	The reconciliation of the gross beginning and ending amount of unrecognized tax positions are as follows: (Dollars in thousands) 2024 2023 Balance—beginning of period $ 6,924 $ 4,975 Additions—current year tax positions 8,709 1,603 Additions—prior year tax positions — 518 Reductions—prior year tax positions (1,544) (172) Total liability for unrecognized tax positions—end of period $ 14,089 $ 6,924

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Class of Treasury Stock	The following table presents common stock repurchases: Fiscal Year Ended June 30, (Dollars in thousands, except per share data) 2024 2023 Total repurchase $ 97,023 $ 49,258 Number of shares repurchased 2,541,254 1,321,161 Average price paid per share $ 38.18 $ 37.28

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Status and Changes in Restricted Stock Grants	The following table presents the status and changes in RSUs for the periods indicated: RSUs Weighted-Average Non-vested balance at June 30, 2023 1,407,882 $ 41.53 Granted 980,739 45.25 Vested (756,186) 41.41 Forfeitures (91,241) 41.72 Non-vested balance at June 30, 2024 1,541,194 $ 43.95

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	The following table presents the calculation of basic and diluted earnings per common share (“EPS”): June 30, (Dollars in thousands, except per share data) 2024 2023 2022 Earnings Per Common Share Net income $ 450,008 $ 307,165 $ 240,716 Average common shares issued and outstanding 57,509,029 59,691,541 59,523,626 Earnings per common share $ 7.82 $ 5.15 $ 4.04 Diluted Earnings Per Common Share Net income $ 450,008 $ 307,165 $ 240,716 Average common shares issued and outstanding 57,509,029 59,691,541 59,523,626 Dilutive effect of average unvested RSUs 1,216,607 875,313 1,087,328 Average dilutive common shares outstanding 58,725,636 60,566,854 60,610,954 Diluted earnings per common share $ 7.66 $ 5.07 $ 3.97 Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) 9,744 4,505 9,701

COMMITMENTS, CONTINGENCIES AN_2

COMMITMENTS, CONTINGENCIES AND OFF-BALANCE-SHEET ACTIVITIES (Tables)	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Off- Balance Sheet Commitments	The following table presents a summary of off-balance sheet commitments. (dollars in thousands) June 30, 2024 Commitments to fund loans $ 3,726,798 Commitments to sell loans $ 26,097 Commitments to contribute capital $ 4,514 Standby letters of credit $ 15,488

REGULATORY CAPITAL REQUIREMEN_2

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Jun. 30, 2024
Banking Regulation, Minimum Regulatory Capital Requirements [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The Company’s and Bank’s capital amounts, capital ratios and capital requirements under Basel III were as follows: Axos Financial, Inc. Axos Bank “Well Minimum Capital (Dollars in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Regulatory Capital: Tier 1 $ 2,167,781 $ 1,796,352 $ 2,181,426 $ 1,866,705 Common equity tier 1 $ 2,167,781 $ 1,796,352 $ 2,181,426 $ 1,866,705 Total capital $ 2,678,489 $ 2,269,237 $ 2,365,061 $ 2,007,006 Assets: Average adjusted $ 22,979,871 $ 20,059,002 $ 22,391,541 $ 19,284,378 Total risk-weighted $ 18,049,571 $ 16,414,213 $ 17,128,880 $ 16,054,633 Regulatory Capital Ratios: Tier 1 leverage (to adjusted average assets) 9.43 % 8.96 % 9.74 % 9.68 % 5.00% 4.00% Common equity tier 1 capital (to risk-weighted assets) 12.01 % 10.94 % 12.74 % 11.63 % 6.50% 4.50% Tier 1 capital (to risk-weighted assets) 12.01 % 10.94 % 12.74 % 11.63 % 8.00% 6.00% Total capital (to risk-weighted assets) 14.84 % 13.82 % 13.81 % 12.50 % 10.00% 8.00% The net capital positions of Axos Clearing were as follows: (Dollars in thousands) June 30, 2024 June 30, 2023 Net capital $ 101,462 $ 35,221 Excess Capital $ 96,654 $ 29,905 Net capital as a percentage of aggregate debit items 42.21 % 13.25 % Net capital in excess of 5% aggregate debit items $ 89,442 $ 21,930

PARENT-ONLY CONDENSED FINANCI_2

PARENT-ONLY CONDENSED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2024
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Balance Sheets	The following tables present Axos Financial, Inc. (Parent company only) financial information and should be read in conjunction with the Consolidated Financial Statements of the Company and the other notes to the Consolidated Financial Statements. Adjustments to investment in subsidiaries, stockholders’ equity and equity in undistributed earnings of subsidiaries have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company. CONDENSED BALANCE SHEETS At June 30, (Dollars in thousands) 2024 2023 ASSETS Cash and cash equivalents $ 109,610 $ 115,948 Securities 78,321 15,050 Advances to non-bank subsidiaries 3,000 8,000 Other assets 68,321 78,932 Investment in bank subsidiaries 2,241,746 1,884,525 Investment in non-bank subsidiaries 216,164 235,223 Total assets $ 2,717,162 $ 2,337,678 LIABILITIES AND STOCKHOLDERS’ EQUITY Borrowings, subordinated notes and debentures $ 325,679 $ 334,579 Accounts payable and other liabilities 100,887 85,940 Total liabilities 426,566 420,519 Stockholders’ equity 2,290,596 1,917,159 Total liabilities and stockholders’ equity $ 2,717,162 $ 2,337,678
Schedule of Condensed Statements of Income	CONDENSED STATEMENTS OF INCOME Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 Interest income $ 4,279 $ 1,656 $ 1,777 Interest expense 15,990 15,909 11,183 Net interest (expense) income (11,711) (14,253) (9,406) Provision for loan losses (184) — — Net interest (expense) income, after provision for credit losses (11,527) (14,253) (9,406) Non-interest income (loss) 13,247 11,448 6,275 Non-interest expense and tax benefit 1 31,366 15,866 9,741 Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiaries (29,646) (18,671) (12,872) Dividends from bank subsidiaries 120,000 45,000 40,000 Dividends from non-bank subsidiaries 26,000 13,750 — Equity in undistributed earnings of subsidiaries 333,654 267,086 213,588 Net income $ 450,008 $ 307,165 $ 240,716 Comprehensive income $ 454,152 $ 303,488 $ 235,276 1 Includes tax benefits of $6,352, $11,988, and $11,927 for the fiscal years ended June 30, 2024 , 2023, and 2022, respectively.
Schedule of Statements of Cash Flows	STATEMENTS OF CASH FLOWS Fiscal Year Ended June 30, (Dollars in thousands) 2024 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 450,008 $ 307,165 $ 240,716 Adjustments to reconcile net income to net cash used in operating activities: Depreciation, amortization and accretion 9,532 12,383 11,160 Stock-based compensation expense 35,194 26,100 21,242 Equity in undistributed earnings of subsidiaries (333,654) (267,086) (213,588) Decrease (increase) in other assets 15,849 (3,448) (5,231) Increase (decrease) in other liabilities (17,922) (1,069) (11,564) Net cash provided by operating activities 159,007 74,045 42,735 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of investment securities (20,351) — — Proceeds from principal repayments on loans 5,000 25,000 — Acquisition of business activity, net of cash paid — — — Purchases of furniture, equipment, software and intangibles (5,378) (805) (817) Investment in subsidiaries (23,200) (25,825) (203,086) Net cash used in investing activities (43,929) (1,630) (203,903) CASH FLOWS FROM FINANCING ACTIVITIES: Tax payments related to the settlement of restricted stock units (16,192) (6,144) (14,481) Repurchase of treasury stock (96,286) (48,963) — Repurchase of subordinated notes (8,938) — (2,120) Proceeds from issuance of subordinated notes — — 150,000 Net cash provided by (used in) financing activities (121,416) (55,107) 133,399 NET CHANGE IN CASH AND CASH EQUIVALENTS (6,338) 17,308 (27,769) CASH AND CASH EQUIVALENTS—Beginning of year 115,948 98,640 126,409 CASH AND CASH EQUIVALENTS—End of year $ 109,610 $ 115,948 $ 98,640

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present the operating results, goodwill, and assets of the segments: For the Fiscal Year Ended June 30, 2024 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 950,832 $ 26,207 $ (15,610) $ 961,429 Provision for credit losses 32,500 — — 32,500 Non-interest income 139,071 129,020 (45,431) 222,660 Non-interest expense 418,695 115,091 (17,678) 516,108 Income before taxes $ 638,708 $ 40,136 $ (43,363) $ 635,481 For the Fiscal Year Ended June 30, 2023 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 776,294 $ 21,042 $ (14,215) $ 783,121 Provision for credit losses 24,250 — — 24,250 Non-interest income 42,260 141,107 (62,879) 120,488 Non-interest expense 391,411 102,572 (46,368) 447,615 Income before taxes $ 402,893 $ 59,577 $ (30,726) $ 431,744 For the Fiscal Year Ended June 30, 2022 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 597,833 $ 17,580 $ (8,255) $ 607,158 Provision for credit losses 23,750 — — 23,750 Non-interest income 60,881 64,069 (11,587) 113,363 Non-interest expense 268,829 84,014 3,969 356,812 Income before taxes $ 366,135 $ (2,365) $ (23,811) $ 339,959 As of June 30, 2024 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ 1,999 $ 97,673 Total Assets $ 22,165,627 $ 649,254 $ 40,453 $ 22,855,334 As of June 30, 2023 (Dollars in thousands) Banking Business Segment Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 19,396,167 $ 899,496 $ 52,806 $ 20,348,469

ORGANIZATIONS AND SUMMARY OF _4

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SCHEDULE OF OTHER NONOPERATING INCOME (EXPENSE) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Non-interest income (in-scope ASC 606)	$ 64,641	$ 65,261	$ 59,434
Non-interest income (out-of-scope ASC 606)	158,019	55,227	53,929
Total non-interest income	222,660	120,488	113,363
Advisory fee income
Disaggregation of Revenue [Line Items]
Non-interest income (in-scope ASC 606)	31,335	28,324	28,309
Broker-dealer clearing fees
Disaggregation of Revenue [Line Items]
Non-interest income (in-scope ASC 606)	20,643	21,903	19,754
Deposit service fees
Disaggregation of Revenue [Line Items]
Non-interest income (in-scope ASC 606)	4,257	4,517	4,508
Card fees
Disaggregation of Revenue [Line Items]
Non-interest income (in-scope ASC 606)	2,516	4,410	3,764
Technology and service fees
Disaggregation of Revenue [Line Items]
Non-interest income (in-scope ASC 606)	$ 5,890	$ 6,107	$ 3,099

ORGANIZATIONS AND SUMMARY OF _5

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SCHEDULE OF CASH AND CASH EQUIVALENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Non-interest-earning cash and cash equivalents	$ 66,563	$ 92,645
Interest-earning cash and cash equivalents	2,119,213	2,289,441
Total cash, cash equivalents and restricted cash	$ 2,185,776	$ 2,382,086	$ 1,574,699	$ 1,037,777

ORGANIZATIONS AND SUMMARY OF _6

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - NARRATIVE (Details) $ in Thousands		12 Months Ended
	Dec. 07, 2023 loanPortfolio	Jun. 30, 2024 USD ($) segment entity trust	Jun. 30, 2023 USD ($)
Concentration Risk [Line Items]
Number of lending-related trust entities | entity		2
Number of loan portfolio segments	2	5
Number of consolidated securitization trusts | trust		2
Outstanding loan balance		$ 19,231,385	$ 16,456,728
Variable Interest Entity, Primary Beneficiary
Concentration Risk [Line Items]
Outstanding loan balance		$ 1,191,700	$ 21,600
Minimum
Concentration Risk [Line Items]
Useful life (in years)		3 years
Minimum | Auto & Consumer | Auto
Concentration Risk [Line Items]
Maturity term (in years)		2 years
Minimum | Auto & Consumer | Consumer Unsecured Lending
Concentration Risk [Line Items]
Maturity term (in years)		3 years
Maximum
Concentration Risk [Line Items]
Useful life (in years)		7 years
Maximum | Auto & Consumer | Auto
Concentration Risk [Line Items]
Maturity term (in years)		8 years
Maximum | Auto & Consumer | Consumer Unsecured Lending
Concentration Risk [Line Items]
Maturity term (in years)		6 years

ACQUISITIONS - NARRATIVE (Detai

ACQUISITIONS - NARRATIVE (Details) $ in Thousands			12 Months Ended
	Dec. 07, 2023 USD ($) loanPortfolio	Aug. 23, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Business Acquisition [Line Items]
Number of loan portfolio segments	2		5
Unpaid principal balance			$ 19,231,385	$ 16,456,728
Allowance for credit losses at acquisition			260,542	166,680	$ 148,617	$ 132,958
Gain on acquisition			92,397	0	0
Commercial Real Estate
Business Acquisition [Line Items]
Allowance for credit losses at acquisition			$ 87,780	$ 72,755	$ 69,339	$ 57,928
Marine Floor Financing Loans
Business Acquisition [Line Items]
Consideration transferred		$ 52,000
Intangible And Other Assets
Business Acquisition [Line Items]
Consideration transferred		$ 2,000
Real Estate Loan Portfolios | Commercial Real Estate
Business Acquisition [Line Items]
Unpaid principal balance	$ 1,300,000
Unpaid principal balance, fair value	901,500
Non-credit-related discount	306,800
Gain on acquisition	92,400
Real Estate Loan Portfolios | Commercial Real Estate | Interest Rate Swap
Business Acquisition [Line Items]
Other assets	109,000
Accounts payable and other liabilities—Derivative instruments	104,400
Real Estate Loan Portfolios | PCD Portfolio Segment
Business Acquisition [Line Items]
Unpaid principal balance	341,301
Non-credit-related discount	100,686
Allowance for credit losses at acquisition	$ 70,097

ACQUISITIONS - SCHEDULE OF ASSE

ACQUISITIONS - SCHEDULE OF ASSET ACQUISITION (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 07, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Unpaid principal balance	$ 19,231,385		$ 16,456,728
Allowance for credit losses - loans	$ (260,542)		$ (166,680)	$ (148,617)	$ (132,958)
Real Estate Loan Portfolios | PCD Portfolio Segment
Business Acquisition [Line Items]
Unpaid principal balance		$ 341,301
Non-credit discount		(100,686)
Allowance for credit losses - loans		(70,097)
Purchase price		$ 170,518

FAIR VALUE - NARRATIVE (Details

FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 2,450	$ 8,099
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned, valuation allowance	2,200	1,700
Significant Unobservable Inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 2,450	$ 8,099
Significant Unobservable Inputs (Level 3) | Non-agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unemployment rate	4.10%

FAIR VALUE - SCHEDULE OF ASSETS

FAIR VALUE - SCHEDULE OF ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
ASSETS:
Trading securities	$ 353	$ 758
Available-for-sale securities	141,611	232,350
Loans held for sale, carried at fair value	$ 16,482	$ 23,203
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
LIABILITIES:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable and other liabilities	Accounts payable and other liabilities
Interest Rate Swap
LIABILITIES:
Variation margin on centrally-cleared derivatives	$ 85,200
Agency MBS
ASSETS:
Available-for-sale securities	27,259	$ 23,947
Non-Agency MBS
ASSETS:
Available-for-sale securities	110,928	205,005
Municipal
ASSETS:
Available-for-sale securities	3,424	3,398
Significant Other Observable Inputs (Level 2)
ASSETS:
Trading securities	353	758
Available-for-sale securities	30,683	27,345
Loans held for sale, carried at fair value	16,482	23,203
Servicing rights	0	0
Other assets	106,796	919
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	102,949	691
Significant Unobservable Inputs (Level 3)
ASSETS:
Trading securities	0	0
Available-for-sale securities	110,928	205,005
Loans held for sale, carried at fair value	0	0
Servicing rights	28,924	25,443
Other assets	0	0
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	0	0
Recurring
ASSETS:
Trading securities	353	758
Available-for-sale securities	141,611	232,350
Loans held for sale, carried at fair value	16,482	23,203
Servicing rights	28,924	25,443
Other assets	106,796	919
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	102,949	691
Recurring | Agency MBS
ASSETS:
Available-for-sale securities	27,259	23,947
Recurring | Non-Agency MBS
ASSETS:
Available-for-sale securities	110,928	205,005
Recurring | Municipal
ASSETS:
Available-for-sale securities	3,424	3,398
Recurring | Significant Other Observable Inputs (Level 2)
ASSETS:
Trading securities	353	758
Available-for-sale securities	30,683	27,345
Loans held for sale, carried at fair value	16,482	23,203
Servicing rights	0	0
Other assets	106,796	919
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	102,949	691
Recurring | Significant Other Observable Inputs (Level 2) | Agency MBS
ASSETS:
Available-for-sale securities	27,259	23,947
Recurring | Significant Other Observable Inputs (Level 2) | Non-Agency MBS
ASSETS:
Available-for-sale securities	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Municipal
ASSETS:
Available-for-sale securities	3,424	3,398
Recurring | Significant Unobservable Inputs (Level 3)
ASSETS:
Trading securities	0	0
Available-for-sale securities	110,928	205,005
Loans held for sale, carried at fair value	0	0
Servicing rights	28,924	25,443
Other assets	0	0
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Agency MBS
ASSETS:
Available-for-sale securities	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Non-Agency MBS
ASSETS:
Available-for-sale securities	110,928	205,005
Recurring | Significant Unobservable Inputs (Level 3) | Municipal
ASSETS:
Available-for-sale securities	$ 0	$ 0

FAIR VALUE - SCHEDULE OF LEVEL

FAIR VALUE - SCHEDULE OF LEVEL 3 ASSETS MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in earnings—Mortgage banking income [Extensible Enumeration]	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income
Included in other comprehensive income [Extensible Enumeration]	Other comprehensive income (loss)	Other comprehensive income (loss)
Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 230,448	$ 212,491
Transfers into Level 3	0	0
Transfers out of Level 3	0	(464)
Included in earnings—Mortgage banking and servicing rights income	739	(634)
Included in other comprehensive income	5,535	(4,464)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	2,742	30,864
Issues	0	0
Sales	0	0
Settlements	(99,612)	(7,345)
Closing balance	139,852	230,448
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	739	(634)
Principal payments and loans that were paid down or paid off	1,200	900
Market-driven changes in interest rates	(1,900)	300
Recurring | Significant Unobservable Inputs (Level 3) | Non-Agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	205,005	186,814
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Included in earnings—Mortgage banking and servicing rights income	0	0
Included in other comprehensive income	5,535	(4,464)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	0	30,000
Issues	0	0
Sales	0	0
Settlements	(99,612)	(7,345)
Closing balance	110,928	205,005
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	25,443	25,213
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Included in earnings—Mortgage banking and servicing rights income	739	(634)
Included in other comprehensive income	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	2,742	864
Issues	0	0
Sales	0	0
Settlements	0	0
Closing balance	28,924	25,443
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	739	(634)
Recurring | Significant Unobservable Inputs (Level 3) | Derivative Instruments, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 0	464
Transfers into Level 3		0
Transfers out of Level 3		(464)
Included in earnings—Mortgage banking and servicing rights income		0
Included in other comprehensive income		0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions		0
Issues		0
Sales		0
Settlements		0
Closing balance		0
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period		$ 0

FAIR VALUE - SCHEDULE OF QUANTI

FAIR VALUE - SCHEDULE OF QUANTITATIVE INFORMATION FOR LEVEL 3 FAIR VALUE MEASURMENTS (RECURRING) (Details) $ in Thousands	Jun. 30, 2024 USD ($) a year	Jun. 30, 2023 USD ($) year
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities – Non-agency MBS	$ 141,611	$ 232,350
Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities – Non-agency MBS	110,928	205,005
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities – Non-agency MBS	110,928	205,005
Servicing Rights	28,924	25,443
Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities – Non-agency MBS	141,611	232,350
Servicing Rights	28,924	25,443
Recurring | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities – Non-agency MBS	110,928	205,005
Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities – Non-agency MBS	110,928	205,005
Servicing Rights	28,924	25,443
Recurring | Level 3 | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities – Non-agency MBS	$ 110,928	$ 205,005
Recurring | Level 3 | Securities – Non-agency MBS | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0	0
Recurring | Level 3 | Securities – Non-agency MBS | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.721	0.597
Recurring | Level 3 | Securities – Non-agency MBS | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.380	0.320
Recurring | Level 3 | Securities – Non-agency MBS | Projected Constant Default Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0	0
Recurring | Level 3 | Securities – Non-agency MBS | Projected Constant Default Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.137	0.075
Recurring | Level 3 | Securities – Non-agency MBS | Projected Constant Default Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.028	0.024
Recurring | Level 3 | Securities – Non-agency MBS | Projected Loss Severity | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0	0
Recurring | Level 3 | Securities – Non-agency MBS | Projected Loss Severity | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.689	0.687
Recurring | Level 3 | Securities – Non-agency MBS | Projected Loss Severity | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.329	0.285
Recurring | Level 3 | Securities – Non-agency MBS | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.025	0.026
Recurring | Level 3 | Securities – Non-agency MBS | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.049	0.075
Recurring | Level 3 | Securities – Non-agency MBS | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.025	0.027
Recurring | Level 3 | Securities – Non-agency MBS | Credit Enhancement | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0	0
Recurring | Level 3 | Securities – Non-agency MBS | Credit Enhancement | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.649	0.939
Recurring | Level 3 | Securities – Non-agency MBS | Credit Enhancement | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.228	0.209
Recurring | Level 3 | Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing Rights	$ 28,924	$ 25,443
Recurring | Level 3 | Servicing Rights | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.055	0.061
Recurring | Level 3 | Servicing Rights | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.952	0.401
Recurring | Level 3 | Servicing Rights | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.118	0.126
Recurring | Level 3 | Servicing Rights | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.095	0.095
Recurring | Level 3 | Servicing Rights | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.112	0.115
Recurring | Level 3 | Servicing Rights | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.098	0.096
Recurring | Level 3 | Servicing Rights | Life (in years) | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input | year	0.4	1.8
Recurring | Level 3 | Servicing Rights | Life (in years) | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input | year	14.9	10.9
Recurring | Level 3 | Servicing Rights | Life (in years) | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input | year	7.9	7.7

FAIR VALUE - SCHEDULE OF LOANS

FAIR VALUE - SCHEDULE OF LOANS HELD-FOR-SALE (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 16,482	$ 23,203
Contractual balance	15,966	22,844
Unrealized gain	516	359
Interest income	769	415	$ 739
Change in fair value	122	57	(2,474)
Total	$ 891	$ 472	$ (1,735)

FAIR VALUE - SCHEDULE OF ASSE_2

FAIR VALUE - SCHEDULE OF ASSETS MEASURED FOR IMPAIRMENT ON NONRECURRING BASIS (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 2,450	$ 8,099
Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	1,840	5,574
Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		1,392
Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	610	1,133
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2) | Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		0
Significant Other Observable Inputs (Level 2) | Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	2,450	8,099
Significant Unobservable Inputs (Level 3) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	1,840	5,574
Significant Unobservable Inputs (Level 3) | Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		1,392
Significant Unobservable Inputs (Level 3) | Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 610	$ 1,133

FAIR VALUE - SCHEDULE OF QUAN_2

FAIR VALUE - SCHEDULE OF QUANTITATIVE INFORMATION FOR LEVEL 3 FAIR VALUE MEASURMENTS (NONRECURRING) (Details) - Nonrecurring $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 2,450	$ 8,099
Single family real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	1,840	5,574
Multifamily real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value		1,392
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	2,450	8,099
Level 3 | Single family real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 1,840	$ 5,574
Level 3 | Single family real estate | Differences between the comparable sales | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	0.770	0.621
Level 3 | Single family real estate | Differences between the comparable sales | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	0.982	0.936
Level 3 | Single family real estate | Differences between the comparable sales | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	0.802	0.621
Level 3 | Multifamily real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value		$ 1,392
Level 3 | Multifamily real estate | Differences between the comparable sales | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input		0.498
Level 3 | Multifamily real estate | Differences between the comparable sales | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input		0.545
Level 3 | Multifamily real estate | Differences between the comparable sales | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input		0.498

FAIR VALUE - SCHEDULE OF ESTIMA

FAIR VALUE - SCHEDULE OF ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENTS AT PERIOD-END (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Financial assets:
Trading securities	$ 353	$ 758
Available-for-sale securities	141,611	232,350
Stock of regulatory agencies	21,957	21,510
Loans held for sale, at fair value	16,482	23,203
Loans held for sale, lower of cost or fair value	0	776
Securities borrowed	67,212	134,339
Financial liabilities:
Securities loaned	74,177	159,832
Interest Rate Swap
Financial liabilities:
Receivable from FDIC	87,900
Variation margin on centrally-cleared derivatives	85,200
Level 1
Financial assets:
Cash, cash equivalents and restricted cash	2,185,776	2,382,086
Trading securities	0	0
Available-for-sale securities	0	0
Stock of regulatory agencies	0	0
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value		0
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Servicing rights	0	0
Other assets	0	0
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Accounts payable and other liabilities - derivative instruments	0	0
Level 2
Financial assets:
Cash, cash equivalents and restricted cash	0	0
Trading securities	353	758
Available-for-sale securities	30,683	27,345
Stock of regulatory agencies	21,957	21,510
Loans held for sale, at fair value	16,482	23,203
Loans held for sale, lower of cost or fair value		0
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Servicing rights	0	0
Other assets	106,796	919
Financial liabilities:
Total deposits	19,217,281	17,064,084
Advances from the Federal Home Loan Bank	84,201	83,192
Borrowings, subordinated notes and debentures	302,487	327,564
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Accounts payable and other liabilities - derivative instruments	102,949	691
Level 3
Financial assets:
Cash, cash equivalents and restricted cash	0	0
Trading securities	0	0
Available-for-sale securities	110,928	205,005
Stock of regulatory agencies	0	0
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value		780
Loans held for investment—net	19,209,442	16,417,183
Securities borrowed	71,480	143,461
Customer, broker-dealer and clearing receivables	249,317	386,082
Servicing rights	28,924	25,443
Other assets	0	0
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	74,021	159,416
Customer, broker-dealer and clearing payables	301,127	445,447
Accounts payable and other liabilities - derivative instruments	0	0
Carrying Amount
Financial assets:
Cash, cash equivalents and restricted cash	2,185,776	2,382,086
Trading securities	353	758
Available-for-sale securities	141,611	232,350
Stock of regulatory agencies	21,957	21,510
Loans held for sale, at fair value	16,482	23,203
Loans held for sale, lower of cost or fair value		776
Loans held for investment—net	19,231,385	16,456,728
Securities borrowed	67,212	134,339
Customer, broker-dealer and clearing receivables	240,028	374,074
Servicing rights	28,924	25,443
Other assets	106,796	919
Financial liabilities:
Total deposits	19,359,217	17,123,108
Advances from the Federal Home Loan Bank	90,000	90,000
Borrowings, subordinated notes and debentures	325,679	361,779
Securities loaned	74,177	159,832
Customer, broker-dealer and clearing payables	301,127	445,477
Accounts payable and other liabilities - derivative instruments	102,949	691
Total Fair Value
Financial assets:
Cash, cash equivalents and restricted cash	2,185,776	2,382,086
Trading securities	353	758
Available-for-sale securities	141,611	232,350
Stock of regulatory agencies	21,957	21,510
Loans held for sale, at fair value	16,482	23,203
Loans held for sale, lower of cost or fair value		780
Loans held for investment—net	19,209,442	16,417,183
Securities borrowed	71,480	143,461
Customer, broker-dealer and clearing receivables	249,317	386,082
Servicing rights	28,924	25,443
Other assets	106,796	919
Financial liabilities:
Total deposits	19,217,281	17,064,084
Advances from the Federal Home Loan Bank	84,201	83,192
Borrowings, subordinated notes and debentures	302,487	327,564
Securities loaned	74,021	159,416
Customer, broker-dealer and clearing payables	301,127	445,447
Accounts payable and other liabilities - derivative instruments	$ 102,949	$ 691

AVAILABLE-FOR-SALE SECURITIES -

AVAILABLE-FOR-SALE SECURITIES - SCHEDULE OF AMORTIZED COST, CARRYING AMOUNT AND FAIR VALUE DISCLOSURES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 144,281	$ 240,951
Unrealized Gains	921	711
Unrealized Losses	(3,591)	(9,312)
Available-for-sale securities	141,611	232,350
Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	29,835	27,024
Unrealized Gains	83	0
Unrealized Losses	(2,659)	(3,077)
Available-for-sale securities	27,259	23,947
Non-Agency MBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	110,658	210,271
Unrealized Gains	838	711
Unrealized Losses	(568)	(5,977)
Available-for-sale securities	110,928	205,005
Total mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	140,493	237,295
Unrealized Gains	921	711
Unrealized Losses	(3,227)	(9,054)
Available-for-sale securities	138,187	228,952
Municipal
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,788	3,656
Unrealized Gains	0	0
Unrealized Losses	(364)	(258)
Available-for-sale securities	$ 3,424	$ 3,398

AVAILABLE-FOR-SALE SECURITIES_2

AVAILABLE-FOR-SALE SECURITIES - NARRATIVE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Marketable Securities [Line Items]
Available-for-sale securities, credit losses	$ 0	$ 0	$ 0
Proceeds from sale and repayment of available-for-sale securities	0
Asset Pledged as Collateral
Marketable Securities [Line Items]
Available-for-sale securities pledged as collateral	$ 800,000	$ 900,000

AVAILABLE-FOR-SALE SECURITIES_3

AVAILABLE-FOR-SALE SECURITIES - SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Fair Value
Less Than 12 Months	$ 2,659	$ 111,164
More Than 12 Months	101,086	119,425
Total	103,745	230,589
Gross Unrealized Losses
Less Than 12 Months	(31)	(1,824)
More Than 12 Months	(3,560)	(7,488)
Total	(3,591)	(9,312)
Agency MBS
Fair Value
Less Than 12 Months	2,644	3,182
More Than 12 Months	19,298	20,642
Total	21,942	23,824
Gross Unrealized Losses
Less Than 12 Months	(31)	(16)
More Than 12 Months	(2,628)	(3,061)
Total	(2,659)	(3,077)
Non-agency
Fair Value
Less Than 12 Months	15	107,982
More Than 12 Months	78,364	95,385
Total	78,379	203,367
Gross Unrealized Losses
Less Than 12 Months	0	(1,808)
More Than 12 Months	(568)	(4,169)
Total	(568)	(5,977)
Total MBS
Fair Value
Less Than 12 Months	2,659	111,164
More Than 12 Months	97,662	116,027
Total	100,321	227,191
Gross Unrealized Losses
Less Than 12 Months	(31)	(1,824)
More Than 12 Months	(3,196)	(7,230)
Total	(3,227)	(9,054)
Municipal
Fair Value
Less Than 12 Months	0	0
More Than 12 Months	3,424	3,398
Total	3,424	3,398
Gross Unrealized Losses
Less Than 12 Months	0	0
More Than 12 Months	(364)	(258)
Total	$ (364)	$ (258)

AVAILABLE-FOR-SALE SECURITIES-

AVAILABLE-FOR-SALE SECURITIES- SCHEDULE OF INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Available-for-Sale, Fair Value
Amortized Cost	$ 144,281	$ 240,951
Available-for-Sale Amortized Cost
Total Amount	144,281
Due Within One Year	111,113
Due after One but within Five Years	18,527
Due after Five but within Ten Years	8,089
Due After Ten Years	6,552
Available-for-sale—Fair value
Available-for-Sale, Fair Value
Amortized Cost	141,611
Due Within One Year	110,283
Due after One but within Five Years	17,388
Due after Five but within Ten Years	7,636
Due After Ten Years	6,304
Agency
Available-for-Sale, Fair Value
Amortized Cost	29,835	27,024
Due Within One Year	7,122
Due after One but within Five Years	13,862
Due after Five but within Ten Years	6,682
Due After Ten Years	2,169
Non-Agency MBS
Available-for-Sale, Fair Value
Amortized Cost	110,658	210,271
Due Within One Year	103,991
Due after One but within Five Years	4,665
Due after Five but within Ten Years	1,407
Due After Ten Years	595
Total MBS
Available-for-Sale, Fair Value
Amortized Cost	140,493	237,295
Due Within One Year	111,113
Due after One but within Five Years	18,527
Due after Five but within Ten Years	8,089
Due After Ten Years	2,764
Municipal
Available-for-Sale, Fair Value
Amortized Cost	3,788	$ 3,656
Due Within One Year	0
Due after One but within Five Years	0
Due after Five but within Ten Years	0
Due After Ten Years	$ 3,788

LOANS & ALLOWANCE FOR CREDIT _3

LOANS & ALLOWANCE FOR CREDIT LOSSES - NARRATIVE (Details)		12 Months Ended
	Dec. 07, 2023 loanPortfolio	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($) loan
Financing Receivable, Impaired [Line Items]
Number of loan portfolio segments	2	5
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Other assets	Other assets
Accrued interest receivable		$ 119,800,000	$ 77,900,000
Advances, collateral pledged		4,942,800,000	5,128,400,000
FRBSF and FRB, loans pledged		$ 8,197,200,000	3,689,500,000
Effective weighted-average LTV (in percent)		49.70%
Nonaccrual loans, without an allowance		$ 0	0
Interest recognized on performing loans temporarily modified as TDRs		0	0
Loans past due ninety days or more and still accruing		20,200,000	14,100,000
Mortgage loans in process of foreclosure, amount		$ 20,100,000	$ 17,700,000
Nonaccrual
Financing Receivable, Impaired [Line Items]
Ratio of nonaccrual loans and leases considered TDRs			1.77%
Period over which borrowers can make timely payments after TDR considered non-performing (in months)		6 months
Performing
Financing Receivable, Impaired [Line Items]
Number or TDRs classified as performing | loan			0
Financing Receivable | Single Family - Mortgage & Warehouse | Geographic concentration risk | California
Financing Receivable, Impaired [Line Items]
Concentration risk percentage		69.30%	71.40%
Financing Receivable | Single Family - Mortgage & Warehouse | Geographic concentration risk | New York
Financing Receivable, Impaired [Line Items]
Concentration risk percentage		11.70%	11%
Financing Receivable | Multifamily Loan Category | Geographic concentration risk | California
Financing Receivable, Impaired [Line Items]
Concentration risk percentage		49.60%	69.10%
Financing Receivable | Multifamily Loan Category | Geographic concentration risk | New York
Financing Receivable, Impaired [Line Items]
Concentration risk percentage		38.90%	19.70%
Financing Receivable | Commercial Real Estate | Geographic concentration risk | New York
Financing Receivable, Impaired [Line Items]
Concentration risk percentage		34.20%	37.50%
Financing Receivable | Commercial Real Estate | Geographic concentration risk | FLORIDA
Financing Receivable, Impaired [Line Items]
Concentration risk percentage		10.40%	10.50%

LOANS & ALLOWANCE FOR CREDIT _4

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF COMPOSITION OF LOAN PORTFOLIO (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 07, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 19,802,811		$ 16,652,026
Allowance for credit losses - loans	(260,542)		(166,680)	$ (148,617)	$ (132,958)
Unaccreted premiums (discounts) and loan fees	(310,884)		(28,618)
Total net loans	19,231,385		16,456,728
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,178,832		4,173,833
Allowance for credit losses - loans	(16,943)		(17,503)	(19,670)	(26,604)
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,861,931		3,082,225
Allowance for credit losses - loans	(70,771)		(16,848)	(14,655)	(13,146)
Multifamily and Commercial Mortgage | Real Estate Loan Portfolios
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	284,000
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	6,088,622		6,199,818
Allowance for credit losses - loans	(87,780)		(72,755)	(69,339)	(57,928)
Commercial Real Estate | Real Estate Loan Portfolios
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	44,500
Total net loans		$ 1,300,000
Commercial & Industrial - Non-RE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	5,241,766		2,639,650
Allowance for credit losses - loans	(76,032)		(46,347)	(30,808)	(28,460)
Auto & Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	431,660		556,500
Allowance for credit losses - loans	$ (9,016)		$ (13,227)	$ (14,145)	$ (6,820)

LOANS & ALLOWANCE FOR CREDIT _5

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF COMPONENTS OF THE PROVISION FOR CREDIT LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	$ 32,500	$ 24,250	$ 23,750
Provision for credit losses - loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	32,750	24,750	18,500
Provision for credit losses - unfunded lending commitments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	$ (250)	$ (500)	$ 5,250

LOANS & ALLOWANCE FOR CREDIT _6

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF ACTIVITY FOR ALLOWANCE FOR CREDIT LOSSES-LOANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 166,680	$ 148,617	$ 132,958
Allowance for credit losses at acquisition of PCD loans	70,122
Provision (benefit) for credit losses - loans	32,500	24,250	23,750
Charge-offs	(11,909)	(9,456)	(4,428)
Recoveries	2,899	2,769	1,587
Balance, end of period	260,542	166,680	148,617
Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	32,750	24,750	18,500
Single Family - Mortgage & Warehouse
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	17,503	19,670	26,604
Allowance for credit losses at acquisition of PCD loans	0
Charge-offs	(172)	(314)	(82)
Recoveries	101	449	157
Balance, end of period	16,943	17,503	19,670
Single Family - Mortgage & Warehouse | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	(489)	(2,302)	(7,009)
Multifamily and Commercial Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	16,848	14,655	13,146
Allowance for credit losses at acquisition of PCD loans	58,997
Charge-offs	(640)	0	0
Recoveries	0	0	177
Balance, end of period	70,771	16,848	14,655
Multifamily and Commercial Mortgage | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	(4,434)	2,193	1,332
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	72,755	69,339	57,928
Allowance for credit losses at acquisition of PCD loans	11,125
Charge-offs	0	0	0
Recoveries	0	0	0
Balance, end of period	87,780	72,755	69,339
Commercial Real Estate | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	3,900	3,416	11,411
Commercial & Industrial - Non-RE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	46,347	30,808	28,460
Allowance for credit losses at acquisition of PCD loans	0
Charge-offs	(84)	0	(322)
Recoveries	0	18	126
Balance, end of period	76,032	46,347	30,808
Commercial & Industrial - Non-RE | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	29,769	15,521	2,544
Auto & Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	13,227	14,145	6,820
Allowance for credit losses at acquisition of PCD loans	0
Charge-offs	(11,013)	(9,142)	(4,024)
Recoveries	2,798	2,302	1,127
Balance, end of period	9,016	13,227	14,145
Auto & Consumer | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	$ 4,004	$ 5,922	$ 10,222

LOANS & ALLOWANCE FOR CREDIT _7

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF ALLOWANCE FOR LOAN LOSS AND RESERVE FOR UNFUNDED LOAN COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	$ 10,473	$ 10,973	$ 5,723
Provision (Benefit)	(250)	(500)	5,250
Balance, end of period	$ 10,223	$ 10,473	$ 10,973

LOANS & ALLOWANCE FOR CREDIT _8

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF REAL ESTATE LOANS, LTV RATIO (Details)	12 Months Ended
	Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	48.90%
Median LTV	54%
Effective weighted-average LTV (in percent)	49.70%
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	56.70%
Median LTV	56%
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	55.50%
Median LTV	50%
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	40.50%
Median LTV	43%

LOANS & ALLOWANCE FOR CREDIT _9

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF UNPAID PRINCIPAL BALANCE FOR PERFORMING AND NONACCRUAL (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 19,802,811	$ 16,652,026
Nonaccrual loans and leases to total loans (as percent)	0.57%	0.52%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 4,178,832	$ 4,173,833
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,861,931	3,082,225
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,088,622	6,199,818
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,241,766	2,639,650
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	431,660	556,500
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	19,689,452	16,564,866
Performing | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,133,121	4,143,119
Performing | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,826,877	3,047,122
Performing | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,062,520	6,184,966
Performing | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,237,746	2,636,661
Performing | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	429,188	552,998
Nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
Total	113,359	87,160
Nonaccrual | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	45,711	30,714
Nonaccrual | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	35,054	35,103
Nonaccrual | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	26,102	14,852
Nonaccrual | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,020	2,989
Nonaccrual | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 2,472	$ 3,502

LOANS & ALLOWANCE FOR CREDIT_10

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF LOANS BY AMORTIZED COST BASIS BY YEAR OF ORIGINATION AND CREDIT QUALITY INDICATOR (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 3,568,319	$ 3,842,206
2023	3,368,194	5,386,784
2022	4,352,535	1,816,171
2021	1,433,787	867,067
2020	904,402	665,377
Prior	1,732,247	1,156,389
Revolving Loans	4,443,327	2,918,032
Total	19,802,811	$ 16,652,026
Gross charge-offs
Gross charge-offs 2024	202
Gross charge-offs 2023	3,471
Gross charge-offs 2022	5,212
Gross charge-offs 2021	1,556
Gross charge-offs 2020	943
Gross charge-offs prior	525
Gross charge-offs, revolving loans	0
Gross charge-offs, total	$ 11,909
As a % of total gross loans
2024	18%	23.10%
2023	17%	32.40%
2022	22%	10.90%
2021	7.20%	5.20%
2020	4.60%	4%
Prior	8.80%	6.90%
Revolving Loans	22.40%	17.50%
Total	100%	100%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 522,822	$ 730,498
2023	590,343	1,359,272
2022	1,231,447	534,585
2021	487,797	347,145
2020	312,358	270,513
Prior	777,287	682,031
Revolving Loans	256,778	249,789
Total	4,178,832	4,173,833
Gross charge-offs
Gross charge-offs 2024	0
Gross charge-offs 2023	0
Gross charge-offs 2022	0
Gross charge-offs 2021	0
Gross charge-offs 2020	0
Gross charge-offs prior	172
Gross charge-offs, revolving loans	0
Gross charge-offs, total	172
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	36,058	558,787
2023	742,977	988,022
2022	1,052,707	509,066
2021	628,284	354,600
2020	560,365	238,478
Prior	841,540	433,272
Revolving Loans	0	0
Total	3,861,931	3,082,225
Gross charge-offs
Gross charge-offs 2024	0
Gross charge-offs 2023	0
Gross charge-offs 2022	0
Gross charge-offs 2021	0
Gross charge-offs 2020	640
Gross charge-offs prior	0
Gross charge-offs, revolving loans	0
Gross charge-offs, total	640
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,952,001	1,896,476
2023	1,424,999	2,395,722
2022	1,527,795	669,451
2021	226,061	114,016
2020	7,741	134,215
Prior	83,339	29,914
Revolving Loans	866,686	960,024
Total	6,088,622	6,199,818
Gross charge-offs
Gross charge-offs 2024	0
Gross charge-offs 2023	0
Gross charge-offs 2022	0
Gross charge-offs 2021	0
Gross charge-offs 2020	0
Gross charge-offs prior	0
Gross charge-offs, revolving loans	0
Gross charge-offs, total	0
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	991,497	488,120
2023	494,500	384,197
2022	361,857	30,809
2021	47,772	26,207
2020	10,422	2,098
Prior	15,855	0
Revolving Loans	3,319,863	1,708,219
Total	5,241,766	2,639,650
Gross charge-offs
Gross charge-offs 2024	0
Gross charge-offs 2023	0
Gross charge-offs 2022	0
Gross charge-offs 2021	0
Gross charge-offs 2020	0
Gross charge-offs prior	84
Gross charge-offs, revolving loans	0
Gross charge-offs, total	84
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	65,941	168,325
2023	115,375	259,571
2022	178,729	72,260
2021	43,873	25,099
2020	13,516	20,073
Prior	14,226	11,172
Revolving Loans	0	0
Total	431,660	556,500
Gross charge-offs
Gross charge-offs 2024	202
Gross charge-offs 2023	3,471
Gross charge-offs 2022	5,212
Gross charge-offs 2021	1,556
Gross charge-offs 2020	303
Gross charge-offs prior	269
Gross charge-offs, revolving loans	0
Gross charge-offs, total	11,013
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,537,144	3,812,433
2023	3,282,691	5,259,453
2022	4,066,317	1,754,423
2021	1,391,702	765,600
2020	832,953	620,062
Prior	1,611,156	1,054,716
Revolving Loans	4,418,889	2,910,818
Total	19,140,852	16,177,505
Pass | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	491,822	730,498
2023	590,060	1,346,804
2022	1,200,230	522,873
2021	487,132	324,458
2020	291,047	255,547
Prior	720,049	639,401
Revolving Loans	256,778	243,175
Total	4,037,118	4,062,756
Pass | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	36,058	558,787
2023	700,163	975,186
2022	994,004	498,744
2021	595,299	314,383
2020	510,341	224,592
Prior	811,184	404,222
Revolving Loans	0	0
Total	3,647,049	2,975,914
Pass | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,952,001	1,867,476
2023	1,419,399	2,323,095
2022	1,456,643	631,500
2021	221,061	87,059
2020	7,741	117,928
Prior	53,000	0
Revolving Loans	866,686	960,024
Total	5,976,531	5,987,082
Pass | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	991,497	488,120
2023	458,454	358,214
2022	238,397	29,777
2021	44,923	14,794
2020	10,422	2,098
Prior	12,867	0
Revolving Loans	3,295,425	1,707,619
Total	5,051,985	2,600,622
Pass | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	65,766	167,552
2023	114,615	256,154
2022	177,043	71,529
2021	43,287	24,906
2020	13,402	19,897
Prior	14,056	11,093
Revolving Loans	0	0
Total	428,169	551,131
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	31,033	29,423
2023	31,151	69,251
2022	99,288	12,115
2021	20,137	29,593
2020	15,602	21,461
Prior	37,211	33,312
Revolving Loans	5,349	7,214
Total	239,771	202,369
Special Mention | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	31,000	0
2023	0	7,280
2022	24,489	7,026
2021	665	8,303
2020	6,591	12,942
Prior	26,873	18,244
Revolving Loans	0	6,614
Total	89,618	60,409
Special Mention | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	29,325	9,691
2022	46,194	4,636
2021	17,478	1,360
2020	9,011	7,705
Prior	10,277	0
Revolving Loans	0	0
Total	112,285	23,392
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	29,000
2023	0	43,427
2022	27,452	0
2021	0	8,457
2020	0	800
Prior	0	15,062
Revolving Loans	0	0
Total	27,452	96,746
Special Mention | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	1,613	8,221
2022	731	0
2021	1,818	11,413
2020	0	0
Prior	0	0
Revolving Loans	5,349	600
Total	9,511	20,234
Special Mention | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	33	423
2023	213	632
2022	422	453
2021	176	60
2020	0	14
Prior	61	6
Revolving Loans	0	0
Total	905	1,588
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	142	350
2023	54,352	58,080
2022	186,930	49,633
2021	21,948	71,874
2020	55,847	23,854
Prior	83,880	68,361
Revolving Loans	19,089	0
Total	422,188	272,152
Substandard | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	283	5,188
2022	6,728	4,686
2021	0	14,384
2020	14,720	2,024
Prior	30,365	24,386
Revolving Loans	0	0
Total	52,096	50,668
Substandard | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	13,489	3,145
2022	12,509	5,686
2021	15,507	38,857
2020	41,013	6,181
Prior	20,079	29,050
Revolving Loans	0	0
Total	102,597	82,919
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	5,600	29,200
2022	43,700	37,951
2021	5,000	18,500
2020	0	15,487
Prior	30,339	14,852
Revolving Loans	0	0
Total	84,639	115,990
Substandard | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	34,433	17,762
2022	122,729	1,032
2021	1,031	0
2020	0	0
Prior	2,988	0
Revolving Loans	19,089	0
Total	180,270	18,794
Substandard | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	142	350
2023	547	2,785
2022	1,264	278
2021	410	133
2020	114	162
Prior	109	73
Revolving Loans	0	0
Total	2,586	3,781
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	$ 0	$ 0

LOANS & ALLOWANCE FOR CREDIT_11

LOANS & ALLOWANCE FOR CREDIT LOSSES -SCHEDULE OF PAST DUE LOANS AND LEASES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Past Due [Line Items]
Total	$ 19,802,811	$ 16,652,026
Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	4,178,832	4,173,833
Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,861,931	3,082,225
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,088,622	6,199,818
Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	5,241,766	2,639,650
Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	431,660	556,500
Current
Financing Receivable, Past Due [Line Items]
Total	$ 19,555,332	$ 16,508,938
As a % of total gross loans	98.75%	99.14%
Current | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 4,070,186	$ 4,102,150
Current | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,795,387	3,048,217
Current | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,024,470	6,173,716
Current | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	5,240,734	2,639,650
Current | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	424,555	545,205
30-59 Days
Financing Receivable, Past Due [Line Items]
Total	$ 64,105	$ 41,384
As a % of total gross loans	0.33%	0.25%
30-59 Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 46,387	$ 20,832
30-59 Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	13,074	2,705
30-59 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	11,250
30-59 Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	4,644	6,597
60-89 Days
Financing Receivable, Past Due [Line Items]
Total	$ 53,901	$ 10,803
As a % of total gross loans	0.27%	0.06%
60-89 Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 18,401	$ 7,971
60-89 Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	8,554	1,124
60-89 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	25,950	0
60-89 Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	996	1,708
90+ Days
Financing Receivable, Past Due [Line Items]
Total	$ 129,473	$ 90,901
As a % of total gross loans	0.65%	0.55%
90+ Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 43,858	$ 42,880
90+ Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	44,916	30,179
90+ Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	38,202	14,852
90+ Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	1,032	0
90+ Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,465	2,990
Total
Financing Receivable, Past Due [Line Items]
Total	$ 19,802,811	$ 16,652,026
As a % of total gross loans	100%	100%
Total | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 4,178,832	$ 4,173,833
Total | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,861,931	3,082,225
Total | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,088,622	6,199,818
Total | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	5,241,766	2,639,650
Total | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	$ 431,660	$ 556,500

LOANS & ALLOWANCE FOR CREDIT_12

LOANS & ALLOWANCE FOR CREDIT LOSSES - SCHEDULE OF RELATED PARTY LOANS COLLATERALIZED BY REAL PROPERTY (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Outstanding loan balance	$ 19,231,385	$ 16,456,728
Loans originated and funded	3,568,319	3,842,206
Affiliated Entity
Financing Receivable, Allowance for Credit Loss [Line Items]
Outstanding loan balance	29,673	29,181
Loans originated and funded	1,044	5,052
Principal repayments	$ 552	$ 1,444

DERIVATIVES - SCHEDULE OF DERIV

DERIVATIVES - SCHEDULE OF DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Interest Rate Contract
Derivative [Line Items]
Other Assets - Derivative Assets - Fair Value	$ 106,796	$ 919
Accounts Payable and Other Liabilities — Derivative Liabilities — Fair Value	102,949	691
Derivative Assets — Notional	1,227,742	231,709
Derivative Liabilities — Notional	1,208,132	$ 204,522
Interest Rate Swap
Derivative [Line Items]
Receivable from FDIC	87,900
Variation margin on centrally-cleared derivatives	$ 85,200

DERIVATIVES - SCHEDULE OF DER_2

DERIVATIVES - SCHEDULE OF DERIVATIVE INSTRUMENTS, GAIN (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Derivative [Line Items]
Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income
Banking and service fees
Derivative [Line Items]
Derivative, gain (loss) on derivative, net	$ 470	$ 803	$ 0
Mortgage banking and servicing rights income
Derivative [Line Items]
Derivative, gain (loss) on derivative, net	$ 782	$ 916	$ 3,129

OFFSETTING OF DERIVATIVES AND_3

OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Securities borrowed
Securities borrowed, Gross Assets / Liabilities	$ 67,212	$ 134,339
Securities borrowed, Amounts Offset	0	0
Security borrowed, Net Balance Sheet Amount	67,212	134,339
Securities borrowed, Financial Collateral	67,212	134,339
Security borrowed, Cash Collateral	0
Security borrowed, Net Assets / Liabilities	0	0
Other Assets — Derivative Assets
Other Assets — Derivative Assets, Gross Assets / Liabilities	106,796	919
Other Assets — Derivative Assets, Amounts Offset	0	0
Other Assets — Derivative Assets, Net Balance Sheet Amount	106,796	919
Other Assets — Derivative Assets, Financial Collateral	414	0
Other Assets — Derivative Assets, Cash Collateral	18,110
Other Assets — Derivative Assets, Net Assets / Liabilities	88,272	919
Securities loaned
Securities loaned, Gross Assets / Liabilities	74,177	159,832
Securities loaned, Amounts Offset	0	0
Security loaned, Net Balance Sheet Amount	74,177	159,832
Securities loaned, Financial Collateral	74,177	159,832
Security loaned, Cash Collateral	0
Securities loaned, Net Assets / Liabilities	0	0
Accounts Payable and Other Liabilities — Derivative Liabilities
Accounts Payable and Other Liabilities — Derivative Liabilities, Gross Assets / Liabilities	102,949	691
Accounts Payable and Other Liabilities — Derivative Liabilities, Amounts Offset	0
Accounts Payable and Other Liabilities — Derivative Liabilities, Net Balance Sheet Amount	102,949	691
Accounts Payable and Other Liabilities — Derivative Liabilities, Financial Collateral	414
Accounts Payable and Other Liabilities — Derivative Liabilities, Cash Collateral	0
Accounts Payable and Other Liabilities — Derivative Liabilities, Net Assets / Liabilities	102,535	$ 691
Interest Rate Swap
Accounts Payable and Other Liabilities — Derivative Liabilities
Receivable from FDIC	87,900
Variation margin on centrally-cleared derivatives	$ 85,200

CUSTOMER, BROKER-DEALER AND C_3

CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Receivables:
Customers	$ 220,243	$ 309,308
Receivable from broker-dealers	17,885	57,735
Securities failed to deliver	1,900	7,031
Total customer, broker-dealer and clearing receivables	240,028	374,074
Payables:
Customers	280,620	382,689
Payable to broker-dealers	18,112	58,758
Securities failed to receive	2,395	4,030
Total customer, broker-dealer and clearing payables	$ 301,127	$ 445,477

OTHER ASSETS - SCHEDULE OF BANK

OTHER ASSETS - SCHEDULE OF BANK-OWNED LIFE INSURANCE ACTIVITY (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Bank Owned Life Insurance [Roll Forward]
Bank-owned life insurance, beginning balance	$ 163,414	$ 160,775	$ 56,555
Additions			100,000
Change in contract value	5,360	4,444	4,220
Death benefits		(1,805)
Bank-owned life insurance, ending balance	$ 168,774	$ 163,414	$ 160,775

OTHER ASSETS - SCHEDULE OF FURN

OTHER ASSETS - SCHEDULE OF FURNITURE , EQUIPMENT AND SOFTWARE (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	$ 184,575	$ 149,024
Less accumulated depreciation and amortization	(111,956)	(95,660)
Furniture, equipment and software—net	72,619	53,364
Software
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	134,311	105,687
Computer hardware and equipment
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	32,195	26,685
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	11,788	10,689
Leasehold improvements
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	$ 6,281	$ 5,963

OTHER ASSETS - NARRATIVE (Detai

OTHER ASSETS - NARRATIVE (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Other Assets [Abstract]
Depreciation, depletion and amortization	$ 16.2	$ 12.2	$ 13.1
Operating lease expense	$ 12.4	$ 11.4	$ 10.8

OTHER ASSETS - SCHEDULE OF SUPP

OTHER ASSETS - SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Other Assets [Abstract]
Right-of-use assets	$ 59,989	$ 63,565
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Lease liabilities	$ 65,923	$ 69,630
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Weighted-average remaining lease term
Weighted- average remaining lease term, operating leases (in years)	5 years 7 months 28 days	6 years 6 months 25 days
Weighted-average discount rate
Weighted-average discount rate, operating leases (in percent)	3.09%	3%

OTHER ASSETS - SCHEDULE OF SU_2

OTHER ASSETS - SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Other Assets [Abstract]
Cash paid for amounts included in the measurement of lease liabilities for operating leases—operating cash flows	$ 11,821	$ 10,658	$ 9,888

OTHER ASSETS - SCHEDULE OF MATU

OTHER ASSETS - SCHEDULE OF MATURITIES OF LEASE LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Other Assets [Abstract]
Within one year	$ 12,746
After one year and within two years	12,464
After two years and within three years	12,591
After three years and within four years	11,341
After four years within five years	10,465
After five years	12,135
Total lease payments	71,742
Less: amount representing interest	(5,819)
Total lease liability	$ 65,923	$ 69,630

OTHER ASSETS - SCHEDULE OF INCO

OTHER ASSETS - SCHEDULE OF INCOME AND TAX BENEFITS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	INCOME TAXES	INCOME TAXES
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, after Amortization, Statement of Cash Flows [Extensible Enumeration]	INCOME TAXES	INCOME TAXES
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, after Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration]	INCOME TAXES	INCOME TAXES
Low Income Housing Tax Credits
Tax credits recognized	$ 3,394	$ 2,780
Other tax benefits recognized	1,466	759
Amortization	(3,574)	(2,697)
Net benefit (expense) included in income tax expense	1,286	842
Other income (loss) included in banking and service fees	2	5
Net benefit (expense) included in the Consolidated Statements of Income	$ 1,288	$ 847

OTHER ASSETS - SCHEDULE OF INVE

OTHER ASSETS - SCHEDULE OF INVESTMENTS ON BALANCE SHEET (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Investment Proportional Amortization Method Elected Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	LIHTC investments	LIHTC investments
Low Income Housing Tax Credits
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
LIHTC investments	$ 65,873	$ 33,284
Unfunded Commitment | Low Income Housing Tax Credits
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
LIHTC unfunded commitments	$ 40,617	$ 13,514

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - SCHEDULE OF ACTIVITY IN GOODWILL BALANCE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 97,673,000	$ 95,674,000
Goodwill from acquisitions	0	1,999,000
Goodwill, ending balance	97,673,000	97,673,000
Goodwill impairment	$ 0	$ 0

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - SCHEDULE OF ACQUIRED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 57,829	$ 46,987
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	101,926	101,463
Accumulated Amortization	57,829	46,987
Net Carrying Amount	44,097	54,476
Trademark
Indefinite-lived Intangible Assets [Line Items]
Gross Carrying Amount	378	378
Covenant not to compete
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,387	1,380
Accumulated Amortization	1,258	1,149
Net Carrying Amount	129	231
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	1,258	1,149
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	50,810	50,810
Accumulated Amortization	18,453	14,598
Net Carrying Amount	32,357	36,212
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	18,453	14,598
Customer deposit intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,545	13,545
Accumulated Amortization	10,569	9,235
Net Carrying Amount	2,976	4,310
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	10,569	9,235
Developed technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	34,650	34,650
Accumulated Amortization	26,833	21,405
Net Carrying Amount	7,817	13,245
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	26,833	21,405
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	950	700
Accumulated Amortization	637	600
Net Carrying Amount	313	100
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	637	600
Workforce
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	206	0
Accumulated Amortization	79	0
Net Carrying Amount	127	0
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 79	$ 0

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE OF ACQUIRED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of expense of intangible assets	$ 10,800	$ 11,200
For the fiscal year ending June 30,
2025	7,408
2026	6,364
2027	6,027
2028	4,935
2029	$ 3,306

DEPOSITS - SCHEDULE OF DEPOSIT

DEPOSITS - SCHEDULE OF DEPOSIT ACCOUNTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Non-interest-bearing
Non-interest bearing, Amount	$ 2,975,631	$ 2,898,150
Interest-bearing:
Demand, Amount	$ 2,485,325	$ 3,334,615
Demand, Rate	2.42%	2.43%
Savings, Amount	$ 12,960,165	$ 9,575,781
Savings, Rate	4.58%	4.20%
Total interest-bearing demand and savings, Amount	$ 15,445,490	$ 12,910,396
Total interest-bearing demand and savings, Rate	4.23%	3.74%
Time deposits:
$250 and under, Amount	$ 567,192	$ 932,436
$250 and under, Rate	4.34%	3.72%
Greater than $250, Amount	$ 370,904	$ 382,126
Greater than $250, Rate	4.76%	4.36%
Total	$ 938,096	$ 1,314,562
Total time deposits, Rate	4.51%	3.91%
Total interest bearing, Amount	$ 16,383,586	$ 14,224,958
Total interest bearing, Rate	4.24%	3.76%
Total deposits, Amount	$ 19,359,217	$ 17,123,108
Total deposits, Rate	3.59%	3.12%
Time deposits acquired through broker relationships	$ 1,611,600	$ 2,028,500
Time deposits acquired through broker relationships, $250,000 and under	$ 400,000	$ 690,900

DEPOSITS -SCHEDULE OF SCHEDULED

DEPOSITS -SCHEDULE OF SCHEDULED MATURITIES OF TIME DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Deposits [Abstract]
Within 12 months	$ 912,828
13 to 24 months	13,892
25 to 36 months	4,046
37 to 48 months	5,599
49 to 60 months	1,731
Total	938,096	$ 1,314,562
Deposits from principal officers, directors and their affiliates	$ 5,400	$ 5,600

ADVANCES FROM THE FEDERAL HOM_3

ADVANCES FROM THE FEDERAL HOME LOAN BANK - NARRATIVE (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Federal Home Loan Bank, Advances [Line Items]
Weighted average rate percentage	2.32%	2.32%
Advances, amount available immediately	$ 3,012.6
Advances, amount available with additional collateral	$ 4,229.1
Advances, amount available with additional collateral, term (in years)	10 years
Minimum
Federal Home Loan Bank, Advances [Line Items]
Interest rate percentage	2.07%	2.07%
Maximum
Federal Home Loan Bank, Advances [Line Items]
Interest rate percentage	2.82%	2.82%

ADVANCES FROM THE FEDERAL HOM_4

ADVANCES FROM THE FEDERAL HOME LOAN BANK - SCHEDULE OF SCHEDULED MATURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Amount
Within one year	$ 30,000	$ 0
After one but within two years	0	30,000
After two but within three years	0	0
After three but within four years	0	0
After four but within five years	0	0
After five years	60,000	60,000
Total	$ 90,000	$ 90,000
Weighted- Average Rate
Within one year	2.82%	0%
After one but within two years	0%	2.82%
After two but within three years	0%	0%
After three but within four years	0%	0%
After four but within five years	0%	0%
After five years	2.07%	2.07%
Total	2.32%	2.32%

BORROWINGS, SUBORDINATED NOTE_3

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES - SCHEDULE OF BORROWINGS, SUBORDINATED NOTES AND DEBENTURES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Long-term debt	$ 327,555	$ 364,755
Less unamortized issuance costs	(1,876)	(2,976)
Total borrowings, subordinated notes and debentures, net of unamortized issuance costs	325,679	361,779
Borrowings from other banks
Debt Instrument [Line Items]
Long-term debt	0	27,200
Subordinated loans
Debt Instrument [Line Items]
Long-term debt	7,400	7,400
Total borrowings, subordinated notes and debentures, net of unamortized issuance costs	7,400
Subordinated notes
Debt Instrument [Line Items]
Long-term debt	315,000	325,000
Junior subordinated debentures
Debt Instrument [Line Items]
Long-term debt	$ 5,155	$ 5,155

BORROWINGS, SUBORDINATED NOTE_4

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES - SCHEDULE OF MATURITIES OF BORROWINGS, SUBORDINATED NOTES AND DEBENTURES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Debt Disclosure [Abstract]
Within one year	$ 7,400
After one but within two years	0
After two but within three years	0
After three but within four years	0
After four but within five years	0
After five years	320,155
Total	$ 327,555	$ 364,755

BORROWINGS, SUBORDINATED NOTE_5

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES - NARRATIVE (Details)					1 Months Ended	12 Months Ended				60 Months Ended
	Apr. 06, 2024 USD ($)	Mar. 06, 2024 USD ($)	Jan. 28, 2019 USD ($)	Dec. 13, 2004 USD ($)	Feb. 28, 2022 USD ($)	Jun. 30, 2024 USD ($) bank	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2019 USD ($)	Sep. 30, 2030	Sep. 30, 2020 USD ($)
Debt Instrument [Line Items]
Borrowings, subordinated notes and debentures						$ 325,679,000	$ 361,779,000
Repayment of subordinated loans						8,938,000	0	$ 0
Gain(loss) on extinguishment						973,000	0	$ 0
Borrowings from other banks
Debt Instrument [Line Items]
Maximum borrowing capacity						0	0
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Short-term borrowings outstanding						0	0
Maximum borrowing capacity						6,976,200,000	2,747,100,000
Federal funds | Borrowings from other banks
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 275,000,000
Federal funds lines of credit, number of banks | bank						6
Secured lines of credit
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 150,000,000
Borrowings, subordinated notes and debentures						0	11,500,000
Unsecured line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity						110,000,000
Borrowings, subordinated notes and debentures						0	$ 15,700,000
Subordinated loans
Debt Instrument [Line Items]
Borrowings, subordinated notes and debentures						$ 7,400,000
Subordinated notes			$ 7,500,000
Subordinated notes maturity (in months)			15 months
Effective rate (as percent)			6.25%
Repayment of subordinated loans									$ 100,000
Subordinated notes
Debt Instrument [Line Items]
Subordinated notes					$ 150,000,000						$ 175,000,000
Repayment of subordinated loans	$ 4,800,000	$ 4,200,000
Borrowings interest rate (as percent)											4.875%
Basis spread on variable rate					2.27%
Percentage of principal amount redeemed					4%
Debt instrument, repurchased face amount	5,000,000	5,000,000
Gain(loss) on extinguishment	$ 200,000	$ 700,000
Subordinated notes | Forecast
Debt Instrument [Line Items]
Basis spread on variable rate										4.76%
Junior subordinated debentures
Debt Instrument [Line Items]
Effective rate (as percent)						7.99%
Basis spread on variable rate						0.26161%
Trust preferred securities				$ 5,000,000
Borrowings, subordinated notes and debentures						$ 5,200,000

INCOME TAXES - SCHEDULE OF COMP

INCOME TAXES - SCHEDULE OF COMPONENTS OF INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Current:
Federal	$ 98,814	$ 89,839	$ 64,800
State	53,525	54,326	43,843
Current income taxes	152,339	144,165	108,643
Deferred:
Federal	17,501	(13,084)	(5,600)
State	15,633	(6,502)	(3,800)
Deferred income taxes	33,134	(19,586)	(9,400)
Total	$ 185,473	$ 124,579	$ 99,243

INCOME TAXES - SCHEDULE OF EFFE

INCOME TAXES - SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21%	21%	21%
Increase (decrease) resulting from:
State taxes—net of federal tax benefit	8.90%	9.04%	9.13%
Tax credits	(0.58%)	(0.45%)	(0.44%)
Non-taxable income	(0.08%)	(0.03%)	(0.09%)
Excess benefit RSU vesting	(0.42%)	(0.41%)	(1.31%)
Other	0.37%	(0.30%)	0.90%
Effective tax rate	29.19%	28.85%	29.19%

INCOME TAXES - SCHEDULE OF NET

INCOME TAXES - SCHEDULE OF NET DEFERRED TAX ASSET (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Deferred tax assets:
Allowance for credit losses	$ 96,275	$ 64,655
Lease liability	21,400	22,654
Accrued compensation	9,783	7,564
Stock-based compensation expense	8,282	6,980
Litigation accrual	5,324	5,206
Nonaccrual loan interest income	9,034	4,962
Unrealized net losses on securities	1,079	2,730
Net operating loss carryforward	1,160	1,484
State taxes	4,282	1,064
Securities impaired	273	267
Total deferred tax assets	156,892	117,566
Deferred tax liabilities:
Basis difference in acquired loans	(78,034)	0
Operating lease right-of-use asset	(19,406)	(20,681)
Depreciation and amortization	(4,679)	(7,533)
Other assets—prepaids	(2,183)	(2,342)
FHLB stock dividend	(852)	(833)
Total deferred tax liabilities	(105,154)	(31,389)
Net deferred tax asset	51,738	86,177
Valuation allowance	(70)	(277)
Net deferred tax asset, net of valuation allowance	$ 51,668	$ 85,900

INCOME TAXES - NARRATIVE (Detai

INCOME TAXES - NARRATIVE (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 1,160	$ 1,484
Unrecognized tax benefits	11,600	6,000
Interest and penalties	(100)	100
Interest and penalties accrued	$ 500	$ 500
Income taxes, refund reserve percentage	100%
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 3,600
Operating loss carryforwards, annual 382 limitation	100
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	2,700
Operating loss carryforwards, annual 382 limitation	100
Operating loss carryfoward, subject to limitation	800
Operating loss carryforward	600
Valuation allowance	$ 100

INCOME TAXES - SCHEDULE OF UNRE

INCOME TAXES - SCHEDULE OF UNRECOGNIZED TAX BENEFITS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance—beginning of period	$ 6,924	$ 4,975
Additions—current year tax positions	8,709	1,603
Additions—prior year tax positions	0	518
Reductions—prior year tax positions	(1,544)	(172)
Total liability for unrecognized tax positions—end of period	$ 14,089	$ 6,924

STOCKHOLDERS' EQUITY - NARRATIV

STOCKHOLDERS' EQUITY - NARRATIVE (Details) - Common Stock - USD ($)	Jun. 30, 2024	Feb. 07, 2024	Apr. 27, 2023
Class of Stock [Line Items]
Stock repurchased program, authorized amount		$ 100,000,000	$ 100,000,000
Remaining authorized repurchase amount	$ 106,500,000

STOCKHOLDERS_ EQUITY - SCHEDULE

STOCKHOLDERS’ EQUITY - SCHEDULE OF COMMON STOCK REPURCHASES (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total repurchase	$ 97,023	$ 49,258
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total repurchase	$ 97,023	$ 49,258
Number of shares repurchased (in shares)	2,541,254	1,321,161
Average price of shares repurchased (in dollars per share)	$ 38.18	$ 37.28

STOCK-BASED COMPENSATION - NARR

STOCK-BASED COMPENSATION - NARRATIVE (Details) $ in Millions		12 Months Ended
	Jul. 01, 2017 USD ($) tranche	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation		$ 30.7	$ 26.1	$ 21.2
Tax benefit from stock-based compensation expense		9	7.5	6.2
Total fair value of shares vested in the period		$ 36
Stock Incentive Plan, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) | shares		6,680,000,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting (in years)		3 years
Vesting (percentage)		33%
Restricted Stock Units (RSUs) | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of non-vested awards	$ 20.5
Number of vesting tranches during requisite service period | tranche	5
Requisite service period of equity-based award agreement based on service and market conditions (in years)	9 years
Equity awards, estimated fair value		$ 9.4	$ 5.2	$ 8.8
Restricted Stock Units (RSUs) | Chief Executive Officer | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25%
Restricted Stock Units (RSUs) | Chief Executive Officer | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25%
Restricted Stock Units (RSUs) | Chief Executive Officer | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25%
Restricted Stock Units (RSUs) | Chief Executive Officer | Year Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25%
Restricted Stock Units (RSUs) | Employees and Directors | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage		33.30%	33.30%	33.30%
Restricted Stock Units (RSUs) | Employees and Directors | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage		33.30%	33.30%	33.30%
Restricted Stock Units (RSUs) | Employees and Directors | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage		33.30%	33.30%	33.30%
Restricted Stock Units (RSUs) | Stock Incentive Plan, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance (in shares) | shares		1,755,662,000
Unrecognized compensation expense related to non-vested awards		$ 53.4
Weighted average contractual term		1 year 2 months 12 days
Renewed RSU | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Historical daily trading history term, equity volatility (in years)		1 year 6 months
Period for recognition of unrecognized compensation expense related to non-vested awards (in years)		5 years
Unrecognized compensation expense related to non-vested awards		$ 14.4

STOCK-BASED COMPENSATION - SCHE

STOCK-BASED COMPENSATION - SCHEDULE OF CHANGES IN RESTRICTED STOCK UNIT GRANTS (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Jun. 30, 2024 $ / shares shares
RSUs
Non-vested, beginning balance (in shares) | shares	1,407,882
Granted (in shares) | shares	980,739
Vested (in shares) | shares	(756,186)
Forfeitures (in shares) | shares	(91,241)
Non-vested, ending balance (in shares) | shares	1,541,194
Weighted-Average Grant-Date Fair Value
Non-vested, beginning balance (in dollars per share) | $ / shares	$ 41.53
Granted (in dollars per share) | $ / shares	45.25
Vested (in dollars per share) | $ / shares	41.41
Forfeitures (in dollars per share) | $ / shares	41.72
Non-vested, ending balance (in dollars per share) | $ / shares	$ 43.95

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Common Share
Net income	$ 450,008	$ 307,165	$ 240,716
Average common shares issued and outstanding (in shares)	57,509,029	59,691,541	59,523,626
Earnings per common share (in dollars per share)	$ 7.82	$ 5.15	$ 4.04
Diluted Earnings Per Common Share
Net income	$ 450,008	$ 307,165	$ 240,716
Average common shares issued and outstanding (in shares)	57,509,029	59,691,541	59,523,626
Average dilutive common shares outstanding (in shares)	58,725,636	60,566,854	60,610,954
Diluted earnings per common share (in dollars per share)	$ 7.66	$ 5.07	$ 3.97
Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) (in shares)	9,744	4,505	9,701
Restricted Stock Units (RSUs)
Diluted Earnings Per Common Share
Dilutive effect of average unvested RSUs (in shares)	1,216,607	875,313	1,087,328

COMMITMENTS, CONTINGENCIES AN_3

COMMITMENTS, CONTINGENCIES AND OFF-BALANCE-SHEET ACTIVITIES - SCHEDULE OF OFF BALANCE SHEET COMMITMENTS (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments to fund loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	$ 3,726,798
Commitments to sell loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	26,097
Commitments to contribute capital
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	4,514
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	$ 15,488

COMMITMENTS, CONTINGENCIES AN_4

COMMITMENTS, CONTINGENCIES AND OFF-BALANCE-SHEET ACTIVITIES - NARRATIVE (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 26, 2024	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Collateral for securities loaned		$ 74,177	$ 159,832
Available securities used as collateral for bank loans		122,100
Available securities used as collateral for OCC margin requirements		34,900
Available securities used as collateral for OCC margin requirements		16,300
MUFG Union Bank v. Axos Bank
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loss contingency, damages vacated, value	$ 2,500
Accrued litigation expense		16,000
General and administrative expense		16,000
Provision for credit losses - unfunded lending commitments | Low Income Housing Tax Credits
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to contribute capital		$ 40,600

REGULATORY CAPITAL REQUIREMEN_3

REGULATORY CAPITAL REQUIREMENTS - NARRATIVE (Details)	Jun. 30, 2024
Banking Regulation, Minimum Regulatory Capital Requirements [Abstract]
Tier 1 leverage (core) capital to adjusted average assets, minimum capital ratio	0.0400
Common equity tier 1 capital (to risk-weighted assets), minimum capital ratio	4.50%
Tier 1 capital (to risk-weighted assets), minimum capital ratio	0.0600
Total capital (to risk-weighted assets), minimum capital ratio	0.0800
Tier 1 leverage (core) capital to adjusted average assets, well capitalized ratio	0.0500
Common equity tier 1 capital (to risk-weighted assets), well capitalized ratio	6.50%
Tier 1 capital (to risk-weighted assets), well capitalized ratio	0.0800
Total capital (to risk-weighted assets), well capitalized ratio	0.1000
Common equity tier 1 capital (to risk-weighted assets), minimum capital ratio, inclusive of the capital conservation buffer requirement	7%
Tier 1 capital (to risk-weighted assets), minimum capital ratio, inclusive of the capital conservation buffer requirement	8.50%
Total capital (to risk-weighted assets), minimum capital ratio, inclusive of the capital conservation buffer requirement	10.50%

REGULATORY CAPITAL REQUIREMEN_4

REGULATORY CAPITAL REQUIREMENTS - SCHEDULE OF CAPITAL AMOUNTS, RATIOS, AND REQUIREMENTS UNDER BASEL III (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Regulatory Capital:
Tier 1	$ 2,167,781	$ 1,796,352
Common equity tier 1	2,167,781	1,796,352
Total capital	2,678,489	2,269,237
Assets:
Average adjusted	22,979,871	20,059,002
Total risk-weighted	$ 18,049,571	$ 16,414,213
Regulatory Capital Ratios:
Tier 1 leverage (core) capital to adjusted average assets, Ratio	0.0943	0.0896
Tier 1 leverage (core) capital to adjusted average assets, Well Capitalized Ratio	0.0500
Tier 1 leverage (core) capital to adjusted average assets, Minimum Capital Ratio	0.0400
Common equity tier 1 capital (to risk-weighted assets), Ratio	12.01%	10.94%
Common equity tier 1 capital (to risk-weighted assets), Well Capitalized Ratio	6.50%
Common equity tier 1 capital (to risk-weighted assets), Minimum Capital Ratio	4.50%
Tier 1 capital (to risk-weighted assets), Ratio	0.1201	0.1094
Tier 1 capital (to risk-weighted assets), Well Capitalized Ratio	0.0800
Tier 1 capital (to risk-weighted assets), Minimum Capital Ratio	0.0600
Total capital (to risk-weighted assets), Ratio	0.1484	0.1382
Total capital (to risk-weighted assets), Well Capitalized Ratio	0.1000
Total capital (to risk-weighted assets), Minimum Capital Ratio	0.0800
Axos Bank
Regulatory Capital:
Tier 1	$ 2,181,426	$ 1,866,705
Common equity tier 1	2,181,426	1,866,705
Total capital	2,365,061	2,007,006
Assets:
Average adjusted	22,391,541	19,284,378
Total risk-weighted	$ 17,128,880	$ 16,054,633
Regulatory Capital Ratios:
Tier 1 leverage (core) capital to adjusted average assets, Ratio	0.0974	0.0968
Common equity tier 1 capital (to risk-weighted assets), Ratio	12.74%	11.63%
Tier 1 capital (to risk-weighted assets), Ratio	0.1274	0.1163
Total capital (to risk-weighted assets), Ratio	0.1381	0.1250

REGULATORY CAPITAL REQUIREMEN_5

REGULATORY CAPITAL REQUIREMENTS - SCHEDULE OF NET CAPITAL POSITION (Details) - Axos Clearing - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net capital	$ 101,462	$ 35,221
Excess Capital	$ 96,654	$ 29,905
Net capital as a percentage of aggregate debit items	42.21%	13.25%
Net capital in excess of 5% aggregate debit items	$ 89,442	$ 21,930

EMPLOYEE BENEFIT PLAN (Details)

EMPLOYEE BENEFIT PLAN (Details) - 401(k) Plan $ in Millions	12 Months Ended
	Jun. 30, 2024 USD ($) plan shares	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
401(k) plan, number of plans | plan	1
401(k) plan, maximum employee annual contribution	100%
401(k) plan expense	$ 4.5	$ 3.5	$ 3.6
Number of shares available for issuance (in shares) | shares	72,708
Fair market value of employer contribution	$ 4

PARENT-ONLY CONDENSED FINANCI_3

PARENT-ONLY CONDENSED FINANCIAL INFORMATION - CONDENSED BALANCE SHEETS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
ASSETS
Cash and cash equivalents	$ 1,979,979	$ 2,233,027
Other assets	779,837	545,053
TOTAL ASSETS	22,855,334	20,348,469
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings, subordinated notes and debentures	325,679	361,779
Accounts payable and other liabilities	414,538	251,114
Total liabilities	20,564,738	18,431,310
Stockholders’ equity	2,290,596	1,917,159	$ 1,642,973	$ 1,400,936
Total liabilities and stockholders’ equity	22,855,334	20,348,469
Parent
ASSETS
Cash and cash equivalents	109,610	115,948
Securities	78,321	15,050
Advances to non-bank subsidiaries	3,000	8,000
Other assets	68,321	78,932
Investment in bank subsidiaries	2,241,746	1,884,525
Investment in non-bank subsidiaries	216,164	235,223
TOTAL ASSETS	2,717,162	2,337,678
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings, subordinated notes and debentures	325,679	334,579
Accounts payable and other liabilities	100,887	85,940
Total liabilities	426,566	420,519
Stockholders’ equity	2,290,596	1,917,159
Total liabilities and stockholders’ equity	$ 2,717,162	$ 2,337,678

PARENT-ONLY CONDENSED FINANCI_4

PARENT-ONLY CONDENSED FINANCIAL INFORMATION - CONDENSED STATEMENTS OF INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Condensed Financial Statements, Captions [Line Items]
Interest expense	$ 694,178	$ 374,017	$ 52,570
Net interest income	961,429	783,121	607,158
Net interest income, after provision for credit losses	928,929	758,871	583,408
Non-interest income (loss)	222,660	120,488	113,363
NET INCOME	450,008	307,165	240,716
Comprehensive income	454,152	303,488	235,276
Income tax benefit	(185,473)	(124,579)	(99,243)
Parent
Condensed Financial Statements, Captions [Line Items]
Interest income	4,279	1,656	1,777
Interest expense	15,990	15,909	11,183
Net interest income	(11,711)	(14,253)	(9,406)
Provision for loan losses	(184)	0	0
Net interest income, after provision for credit losses	(11,527)	(14,253)	(9,406)
Non-interest income (loss)	13,247	11,448	6,275
Non-interest expense and tax benefit	31,366	15,866	9,741
Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiaries	(29,646)	(18,671)	(12,872)
Dividends from bank subsidiaries	120,000	45,000	40,000
Dividends from non-bank subsidiaries	26,000	13,750	0
Equity in undistributed earnings of subsidiaries	333,654	267,086	213,588
NET INCOME	450,008	307,165	240,716
Comprehensive income	454,152	303,488	235,276
Income tax benefit	$ 6,352	$ 11,988	$ 11,927

PARENT-ONLY CONDENSED FINANCI_5

PARENT-ONLY CONDENSED FINANCIAL INFORMATION - STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 450,008	$ 307,165	$ 240,716
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion	27,086	23,387	24,596
Stock-based compensation expense	35,194	26,100	21,242
Decrease (increase) in other assets	(114,040)	(11,984)	(95,543)
Net cash provided by (used in) operating activities	305,477	196,706	216,622
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities	(20,351)	0	0
Acquisition of business activity, net of cash paid	0	(5,531)	(54,597)
Purchases of furniture, equipment, software and intangibles	(35,961)	(30,215)	(21,504)
Net cash provided by (used in) investing activities	(2,589,280)	(2,399,098)	(2,783,024)
CASH FLOWS FROM FINANCING ACTIVITIES:
Tax payments related to settlement of restricted stock units	(16,192)	(6,144)	(14,481)
Purchase of treasury stock	(96,286)	(48,963)	0
Repurchase of subordinated notes	(8,938)	0	0
Proceeds from issuance of subordinated notes	0	0	150,000
Net cash provided by (used in) financing activities	2,087,493	3,009,779	3,103,324
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(196,310)	807,387	536,922
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year	2,382,086	1,574,699	1,037,777
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of year	2,185,776	2,382,086	1,574,699
Parent
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	450,008	307,165	240,716
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion	9,532	12,383	11,160
Stock-based compensation expense	35,194	26,100	21,242
Equity in undistributed earnings of subsidiaries	(333,654)	(267,086)	(213,588)
Decrease (increase) in other assets	15,849	(3,448)	(5,231)
Increase (decrease) in other liabilities	(17,922)	(1,069)	(11,564)
Net cash provided by (used in) operating activities	159,007	74,045	42,735
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from principal repayments on loans	5,000	25,000	0
Acquisition of business activity, net of cash paid	0	0	0
Purchases of furniture, equipment, software and intangibles	(5,378)	(805)	(817)
Investment in subsidiaries	(23,200)	(25,825)	(203,086)
Net cash provided by (used in) investing activities	(43,929)	(1,630)	(203,903)
CASH FLOWS FROM FINANCING ACTIVITIES:
Tax payments related to settlement of restricted stock units	(16,192)	(6,144)	(14,481)
Purchase of treasury stock	(96,286)	(48,963)	0
Repurchase of subordinated notes	(8,938)	0	(2,120)
Proceeds from issuance of subordinated notes	0	0	150,000
Net cash provided by (used in) financing activities	(121,416)	(55,107)	133,399
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(6,338)	17,308	(27,769)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year	115,948	98,640	126,409
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of year	$ 109,610	$ 115,948	$ 98,640

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($) segment entity	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	2
Number of lending-related trust entities | entity	2
Segment Reporting Information [Line Items]
Net interest income	$ 961,429	$ 783,121	$ 607,158
Provision for credit losses	32,500	24,250	23,750
Non-interest income	222,660	120,488	113,363
Non-interest expense	516,108	447,615	356,812
INCOME BEFORE INCOME TAXES	635,481	431,744	339,959
Goodwill	97,673	97,673	95,674
Total Assets	22,855,334	20,348,469
Operating segments | Banking Business Segment
Segment Reporting Information [Line Items]
Net interest income	950,832	776,294	597,833
Provision for credit losses	32,500	24,250	23,750
Non-interest income	139,071	42,260	60,881
Non-interest expense	418,695	391,411	268,829
INCOME BEFORE INCOME TAXES	638,708	402,893	366,135
Goodwill	35,721	35,721
Total Assets	22,165,627	19,396,167
Operating segments | Securities Business Segment
Segment Reporting Information [Line Items]
Net interest income	26,207	21,042	17,580
Provision for credit losses	0	0	0
Non-interest income	129,020	141,107	64,069
Non-interest expense	115,091	102,572	84,014
INCOME BEFORE INCOME TAXES	40,136	59,577	(2,365)
Goodwill	59,953	61,952
Total Assets	649,254	899,496
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net interest income	(15,610)	(14,215)	(8,255)
Provision for credit losses	0	0	0
Non-interest income	(45,431)	(62,879)	(11,587)
Non-interest expense	(17,678)	(46,368)	3,969
INCOME BEFORE INCOME TAXES	(43,363)	(30,726)	$ (23,811)
Goodwill	1,999	0
Total Assets	$ 40,453	$ 52,806