PATHWARD FINANCIAL, INC., 10-Q filed on 9/16/2025
Quarterly Report
v3.25.2
Cover Page - shares
 9 Months Ended
Jun. 30, 2025
Sep. 05, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2025  
Document Transition Report false  
Entity File Number 0-22140  
Entity Registrant Name PATHWARD FINANCIAL, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 42-1406262  
Entity Address, Address Line One 5501 South Broadband Lane  
Entity Address, City or Town Sioux Falls  
Entity Address, State or Province SD  
Entity Address, Postal Zip Code 57108  
City Area Code 877  
Local Phone Number 497-7497  
Title of 12(b) Security Common Stock, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   22,772,570
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.25.2
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
ASSETS    
Cash and cash equivalents $ 258,343 $ 158,337
Securities available for sale, at fair value 1,367,340 1,741,221
Securities held to maturity, at amortized cost (fair value $25,771 and $30,236, respectively) 30,273 33,092
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 29,451 36,014
Loans held for sale 49,767 691,688
Loans and leases 4,743,324 4,075,195
Allowance for credit losses (105,995) (71,765)
Accrued interest receivable 39,996 31,385
Premises, furniture, and equipment, net 39,799 39,055
Rental equipment, net 181,370 205,339
Goodwill and intangible assets 311,193 326,094
Other assets 284,983 266,362
Total assets 7,229,844 7,532,017
LIABILITIES    
Deposits 6,005,246 5,875,085
Short-term borrowings 115,000 377,000
Long-term borrowings 33,431 33,354
Accrued expenses and other liabilities 258,019 424,389
Total liabilities 6,411,696 6,709,828
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at June 30, 2025 and September 30, 2024, respectively 0 0
Additional paid-in capital 646,044 638,803
Retained earnings 337,321 337,058
Accumulated other comprehensive loss (159,709) (153,394)
Treasury stock, at cost, 70,215 and 3,769 common shares at June 30, 2025 and September 30, 2024, respectively (4,882) (249)
Total equity attributable to parent 819,004 822,466
Noncontrolling interest (856) (277)
Total stockholders’ equity 818,148 822,189
Total liabilities and stockholders’ equity 7,229,844 7,532,017
Common stock, $0.01 par value; 90,000,000 shares authorized, 23,023,823 and 24,851,122 shares issued, 22,953,608 and 24,847,353 shares outstanding at June 30, 2025 and September 30, 2024, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 230 248
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at June 30, 2025 and September 30, 2024, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.25.2
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 25,771 $ 30,236
Preferred stock, shares authorized (in shares) 3,000,000 3,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Treasury stock (in shares) 70,215 3,769
Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 90,000,000 90,000,000
Common stock, shares issued (in shares) 23,023,823 24,851,122
Common stock, shares outstanding (in shares) 22,953,608 24,847,353
Common Stock, Nonvoting    
STOCKHOLDERS’ EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 3,000,000 3,000,000
Common stock, shares issued (in shares) 0 0
Common stock, shares outstanding (in shares) 0 0
v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income:        
Loans and leases, including fees $ 108,766 $ 107,762 $ 340,370 $ 324,699
Mortgage-backed securities 8,337 9,748 25,903 29,795
Other investments 6,489 8,323 27,679 33,222
Total interest and dividend income 123,592 125,833 393,952 387,716
Interest expense:        
Deposits 287 1,689 5,147 11,900
FHLB advances and other borrowings 992 1,394 4,963 5,505
Total interest expense 1,279 3,083 10,110 17,405
Net interest income 122,313 122,750 383,842 370,311
Provision for credit loss 9,278 11,927 63,205 49,429
Net interest income after provision for credit loss 113,035 110,823 320,637 320,882
Noninterest income:        
(Loss) on sale of securities 0 0 (22,899) 0
Gain (loss) on divestitures 0 0 15,044 0
Secondary market revenue 7,144 1,721 26,900 3,091
Gain on sale of other 394 2,954 2,007 6,119
Other income 5,496 4,965 18,934 16,188
Noninterest income 73,442 65,871 269,344 247,577
Noninterest expense:        
Compensation and benefits 48,559 48,449 149,755 149,174
Refund transfer product expense 2,818 2,136 11,401 9,694
Refund advance expense (74) 47 1,225 1,923
Card processing 36,197 34,314 105,750 104,061
Occupancy and equipment expense 10,633 9,070 30,646 27,211
Operating lease equipment depreciation 11,569 10,465 34,775 31,312
Legal and consulting 11,094 5,410 22,197 16,443
Intangible amortization 798 983 2,693 3,207
Impairment expense 1,077 999 2,590 3,012
Other expense 16,651 13,637 54,264 41,292
Total noninterest expense 139,322 125,510 415,296 387,329
Income before income tax expense 47,155 51,184 174,685 181,130
Income tax expense 4,795 6,103 26,966 30,726
Net income before noncontrolling interest 42,360 45,081 147,719 150,404
Net income attributable to noncontrolling interest 213 212 650 718
Net income attributable to parent $ 42,147 $ 44,869 $ 147,069 $ 149,686
Earnings per common share:        
Basic (in dollars per share) $ 1.83 $ 1.78 $ 6.20 $ 5.86
Diluted (in dollars per share) $ 1.81 $ 1.78 $ 6.17 $ 5.85
Refund transfer product fees        
Noninterest income:        
Noninterest income: $ 9,846 $ 9,111 $ 42,919 $ 38,475
Refund advance and other tax fee income        
Noninterest income:        
Noninterest income: 307 (67) 49,416 43,244
Card and deposit fees        
Noninterest income:        
Noninterest income: 37,342 33,408 97,201 99,502
Rental income        
Noninterest income:        
Noninterest income: $ 12,913 $ 13,779 $ 39,822 $ 40,958
v3.25.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income before noncontrolling interest $ 42,360 $ 45,081 $ 147,719 $ 150,404
Other comprehensive income (loss):        
Change in net unrealized gain (loss) on debt securities 6,028 (1,463) (30,795) 63,659
Net loss realized on debt securities 0 0 22,899 0
Total 6,028 (1,463) (7,896) 63,659
Unrealized gain (loss) on currency translation 2,069 (297) 30 (260)
Deferred income tax effect 1,495 (338) (1,551) 15,948
Total other comprehensive income (loss) 6,602 (1,422) (6,315) 47,451
Total comprehensive income 48,962 43,659 141,404 197,855
Total comprehensive income attributable to noncontrolling interest 213 212 650 718
Comprehensive income attributable to parent $ 48,749 $ 43,447 $ 140,754 $ 197,137
v3.25.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Total Pathward Financial, Inc. Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling interest
Beginning Balance at Sep. 30, 2023 $ 618,347 $ 619,352 $ 262 $ 628,500 $ 246,377 $ (255,443) $ (344) $ (1,005)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (3,824) (3,824)     (3,824)      
Issuance of common stock due to restricted stock 3 3 3          
Repurchases of common stock (71,513) (71,513) (14) 14 (65,676)   (5,837)  
Stock compensation 7,770 7,770   7,770        
Total other comprehensive income (loss) 47,451 47,451       47,451    
Joint venture membership interest divestiture (523) (523)     (523)      
Net income 150,404 149,686     149,686     718
Net distribution to noncontrolling interest (219)             (219)
Ending Balance at Jun. 30, 2024 747,896 748,402 251 636,284 326,040 (207,992) (6,181) (506)
Beginning Balance at Mar. 31, 2024 719,076 719,496 254 634,415 297,578 (206,570) (6,181) (420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,257) (1,257)     (1,257)      
Repurchases of common stock (15,150) (15,150) (3) 3 (15,150)      
Stock compensation 1,866 1,866   1,866        
Total other comprehensive income (loss) (1,422) (1,422)       (1,422)    
Net income 45,081 44,869     44,869     212
Net distribution to noncontrolling interest (298)             (298)
Ending Balance at Jun. 30, 2024 747,896 748,402 251 636,284 326,040 (207,992) (6,181) (506)
Beginning Balance at Sep. 30, 2024 822,189 822,466 248 638,803 337,058 (153,394) (249) (277)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (3,542) (3,542)     (3,542)      
Repurchases of common stock (147,897) (147,897) (18) 18 (143,264)   (4,633)  
Stock compensation 7,223 7,223   7,223        
Total other comprehensive income (loss) (6,315) (6,315)       (6,315)    
Net income 147,719 147,069     147,069     650
Net distribution to noncontrolling interest (1,229)             (1,229)
Ending Balance at Jun. 30, 2025 818,148 819,004 230 646,044 337,321 (159,709) (4,882) (856)
Beginning Balance at Mar. 31, 2025 814,047 814,705 235 643,888 341,775 (166,311) (4,882) (658)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,151) (1,151)     (1,151)      
Repurchases of common stock (45,450) (45,450) (5) 5 (45,450)      
Stock compensation 2,151 2,151   2,151        
Total other comprehensive income (loss) 6,602 6,602       6,602    
Net income 42,360 42,147     42,147     213
Net distribution to noncontrolling interest (411)             (411)
Ending Balance at Jun. 30, 2025 $ 818,148 $ 819,004 $ 230 $ 646,044 $ 337,321 $ (159,709) $ (4,882) $ (856)
v3.25.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (Unaudited) - $ / shares
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Stockholders' Equity [Abstract]        
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income before noncontrolling interest $ 147,719 $ 150,404
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 45,423 43,832
Provision for credit loss 63,205 49,429
Provision for deferred taxes 16,256 12,720
Originations of loans held for sale (1,925,438) (1,426,973)
Proceeds from sales of loans held for sale 2,014,236 1,468,162
Net change in loans held for sale (1,791) 18,062
Net realized (gain) on loans held for sale (26,900) (3,091)
Net realized loss (gain) on securities available for sale 22,899 0
Net realized (gain) on divestitures (15,044) 0
Net realized (gain) on other (2,007) (6,119)
Impairment on rental equipment 2,590 2,013
Net change in accrued interest receivable (8,611) (8,473)
Net change in other assets (29,182) (13,989)
Net change in accrued expenses and other liabilities (163,623) 51,942
Stock compensation 7,223 7,770
Net cash provided by operating activities 146,955 345,689
Cash flows from investing activities:    
Purchases of securities available for sale (2,280) 0
Proceeds from sales of securities available for sale 217,883 0
Proceeds from maturities of and principal collected on securities available for sale 127,261 141,801
Proceeds from maturities of and principal collected on securities held to maturity 2,676 2,430
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (210,159) (276,025)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 216,722 279,787
Purchases of loans and leases (193,795) (229,912)
Net change in loans and leases (587,597) 119,964
Purchases of premises, furniture, and equipment (8,339) (5,784)
Purchases of rental equipment (113,018) (221,681)
Proceeds from sales of rental equipment 20,692 7,302
Net change in rental equipment 389 408
Proceeds from divestitures, net of transaction costs 608,455 0
Proceeds from sale of other assets 408 6,466
Proceeds from loans held for sale previously classified as portfolio loans 146,158 0
Net cash provided by (used in) investing activities 225,456 (175,244)
Cash flows from financing activities:    
Net change in deposits 142,234 (157,666)
Net change in short-term borrowings (262,001) (13,000)
Principal payments on other liabilities 0 (621)
Dividends paid on common stock (3,542) (3,824)
Issuance of common stock due to restricted stock 0 3
Repurchases of common stock (147,897) (71,513)
Investment by (distributions to) noncontrolling interest (1,229) (219)
Net cash (used in) financing activities (272,435) (246,840)
Effect of exchange rate changes on cash 30 (259)
Net change in cash and cash equivalents 100,006 (76,654)
Cash and cash equivalents at beginning of fiscal year 158,337 375,580
Cash and cash equivalents at end of fiscal period 258,343 298,926
Supplemental disclosure of cash flow information:    
Interest 9,939 15,988
Income taxes 14,345 13,996
Franchise and other taxes 580 620
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 27,155 8,403
Loans and leases to held for sale 130,011 0
Loans and leases to rental equipment 3,683 3,847
Rental equipment to loan and leases 83,309 187,505
Recognition of operating lease ROU assets, net of measurements 0 654
Joint venture membership interest divestiture $ 0 $ 523
v3.25.2
BASIS OF PRESENTATION
 9 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The interim unaudited Condensed Consolidated Financial Statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended September 30, 2024 included in Pathward Financial, Inc.’s ("Pathward Financial" or the “Company") Annual Report on Form 10-K, as amended by Amendment No. 1 thereto, filed with the Securities and Exchange Commission ("SEC") on August 29, 2025 (the "Form 10-K/A"). Accordingly, footnote disclosures which would substantially duplicate the disclosures contained in the audited consolidated financial statements have been omitted.

The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The results of the three and nine months ended June 30, 2025 are not necessarily indicative of the results expected for the fiscal year ending September 30, 2025.

Certain prior fiscal year amounts have been reclassified to conform to the current year financial statement presentation. These reclassifications did not impact previously reported net income, comprehensive income or the statement of financial condition. Additionally, the Company began using "Secondary Market Revenue" on the Condensed Consolidated Statement of Operations for the interim period ending March 31, 2025 and June 30, 2025 versus the previous caption of "Gain (Loss) on Sale of Loans and Leases". This line item exclusively comprises gains or losses realized from the sale of loans and leases, including any adjustments to record loans held for sale at the lower of amortized cost basis or fair value in accordance with ASC 860-20-50-5. There were no reclassifications of fiscal year amounts or prior period amounts as a result of this change in financial statement caption description.
v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 9 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES (ASU) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2024 remain substantially unchanged.

The following ASU became effective for the Company on October 1, 2024, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosures primarily by enhancing disclosure requirements about significant segment expenses and additional interim disclosure requirements. The amendments will first be applied to the Company's annual financial statements for the year ending September 30, 2025 using a retrospective transition method. This ASU impacts disclosure only, and therefore does not have an impact on our consolidated financial statements.

The following ASUs have been issued and are considered applicable to the Company but have not yet been adopted.

ASU 2023-09, Income Taxes (ASC 740): Improvements to Income Tax Disclosures. This ASU requires enhanced income tax disclosures primarily related to the rate reconciliation and income taxes paid information to provide further transparency surrounding the Company’s income tax position. The amendments in this ASU will be effective for the Company beginning on October 1, 2025. This ASU impacts annual income tax disclosures only. The Company is currently evaluating the impact of such amendments to our Income Tax disclosures.
ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. This ASU requires entities to disclose specified information about certain costs and expenses within relevant expense captions in both annual and interim financial reporting. If costs and expenses do not fall within one of the disaggregated captions, qualitative description is required. The amendments in this ASU will be effective for the Company beginning October 1, 2027. This ASU impacts disclosure only, and therefore will not impact our consolidated financial statements. The Company is currently evaluating the impact of this ASU on required annual and interim disclosures.
v3.25.2
DIVESTITURES
 9 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
DIVESTITURES DIVESTITURES
On October 31, 2024, the Company completed the sale of substantially all of the assets and liabilities related to the Bank's commercial insurance premium finance business, a component of the Company's Commercial segment, pursuant to the Asset Purchase and Sale Agreement (the "Purchase Agreement") dated August 28, 2024 with Honor Capital Corporation, a Florida corporation (the "Purchaser"), the successor by assignment to AFS IBEX Financial Services, LLC, and Honor Capital Holdings, LLC as guarantor. The purchase price at closing was based on the net asset value of the assets purchased and liabilities assumed pursuant to the Purchase Agreement plus a $31.2 million premium. The Company has summarized the results of the transaction as follows:

(Dollars in thousands)December 31, 2024Settlement
Adjustments		June 30, 2025
Assets Purchased and Liabilities Assumed
Cash and cash equivalents$4,686 $— $4,686 
Loans594,541 (1,360)593,181 
Premises, furniture, and equipment, net484 — 484 
Total assets purchased$599,711 $(1,360)$598,351 
Deposits$16,760 $— $16,760 
Accrued expenses and other liabilities1,158 120 1,278 
Total liabilities assumed$17,918 $120 $18,038 
Net assets purchased$581,793 $(1,480)$580,313 
Consideration paid at close603,290 8,223 611,513 
Consideration due9,703 (9,703)— 
Purchase price612,993 (1,480)611,513 
Premium on transaction31,200 — 31,200 
Other adjustments:
Goodwill derecognition(11,577)— (11,577)
Intangible derecognition(631)— (631)
Building lease derecognition471 — 471 
Deferred loan origination cost derecognition— (1,360)(1,360)
Transaction costs(3,059)— (3,059)
Total other adjustments(14,796)(1,360)(16,156)
Gain on divestitures$16,404 $(1,360)$15,044 
After final settlement adjustments, the sale resulted in an overall gain of $15.0 million before tax that was recognized within noninterest income on the Company's Condensed Consolidated Statements of Operations. The settlement adjustments during the three months ended March 31, 2025 resulted in a $1.4 million decrease of the previously recognized gain as of December 31, 2024 as a result of certain deferred loan origination costs that were excluded from the final settlement. See Note 8. Goodwill and Intangible Assets and Note 9. Operating Lease Right-of-Use Assets and Liabilities to the Condensed Consolidated Financial Statements for further information on the amounts included in the divestiture.
v3.25.2
SECURITIES
 9 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SECURITIES
The amortized cost, gross unrealized gains and losses and estimated fair values of debt securities available for sale ("AFS") and held to maturity ("HTM") are presented below.

(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
June 30, 2025
Corporate securities$25,000 $— $(3,875)$21,125 
SBA securities11,791 — (1,108)10,683 
Obligations of states and political subdivisions162 — (1)161 
Non-bank qualified obligations of states and political subdivisions218,328 23 (28,806)189,545 
Asset-backed securities142,963 11 (2,782)140,192 
Mortgage-backed securities1,180,069 17 (174,452)1,005,634 
Total debt securities AFS$1,578,313 $51 $(211,024)$1,367,340 
September 30, 2024
Corporate securities$25,000 $— $(5,250)$19,750 
SBA securities86,036 — (4,101)81,935 
Obligations of states and political subdivisions501 — (21)480 
Non-bank qualified obligations of states and political subdivisions246,233 44 (28,287)217,990 
Asset-backed securities192,979 337 (3,618)189,698 
Mortgage-backed securities1,393,549 84 (162,265)1,231,368 
Total debt securities AFS$1,944,298 $465 $(203,542)$1,741,221 
Debt Securities HTM
June 30, 2025
Non-bank qualified obligations of states and political subdivisions$28,314 $— $(4,263)$24,051 
Mortgage-backed securities1,959 — (239)1,720 
Total debt securities HTM$30,273 $— $(4,502)$25,771 
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$31,060 $— $(2,668)$28,392 
Mortgage-backed securities2,032 — (188)1,844 
Total debt securities HTM$33,092 $— $(2,856)$30,236 
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:

LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
June 30, 2025
Corporate securities$— $— $21,125 $(3,875)$21,125 $(3,875)
SBA securities— — 10,683 (1,108)10,683 (1,108)
Obligations of state and political subdivisions161 (1)— — 161 (1)
Non-bank qualified obligations of states and political subdivisions— — 187,593 (28,806)187,593 (28,806)
Asset-backed securities66,794 (725)68,015 (2,057)134,809 (2,782)
Mortgage-backed securities13,041 (111)990,596 (174,341)1,003,637 (174,452)
Total debt securities AFS$79,996 $(837)$1,278,012 $(210,187)$1,358,008 $(211,024)
September 30, 2024
Corporate securities$— $— $19,750 $(5,250)$19,750 $(5,250)
SBA securities— — 81,935 (4,101)81,935 (4,101)
Obligations of state and political subdivisions— — 280 (21)280 (21)
Non-bank qualified obligations of states and political subdivisions— — 215,956 (28,287)215,956 (28,287)
Asset-backed securities52,101 (176)88,576 (3,442)140,677 (3,618)
Mortgage-backed securities2,377 (15)1,215,781 (162,250)1,218,158 (162,265)
Total debt securities AFS$54,478 $(191)$1,622,278 $(203,351)$1,676,756 $(203,542)
Debt Securities HTM
June 30, 2025
Non-bank qualified obligations of states and political subdivisions$— $— $24,051 $(4,263)$24,051 $(4,263)
Mortgage-backed securities— — 1,720 (239)1,720 (239)
Total debt securities HTM$— $— $25,771 $(4,502)$25,771 $(4,502)
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $28,392 $(2,668)$28,392 $(2,668)
Mortgage-backed securities— — 1,844 (188)1,844 (188)
Total debt securities HTM$— $— $30,236 $(2,856)$30,236 $(2,856)
The decrease in the fair value of investment securities balances when comparing June 30, 2025 to September 30, 2024 was primarily driven by the sale of $217.9 million debt securities AFS and principal pay downs during the nine months. The sale of debt securities AFS in the first quarter of fiscal 2025 stemmed from the decision to offset the gain on the sale of the commercial insurance premium finance business. The sale of debt securities AFS in the second quarter of fiscal 2025 stemmed from the decision to offset the gain on the sale of the transportation portfolio within working capital. Individual securities were identified for sale upon close of the transactions in order to reposition the debt securities AFS portfolio. At June 30, 2025, there were 153 debt securities AFS in an unrealized loss position. Management assessed each investment security with unrealized losses for credit loss by evaluating qualitative factors, including materiality of loss position as a percentage of book value, credit ratings, outstanding principal and interest payments, and changes in the underlying implicit or explicit guarantee of the security, and determined all unrealized losses on these securities were due to adverse market conditions and/or change in interest rates versus credit loss. As part of that assessment, management evaluated and concluded that it is more-likely-than-not that the Company will not be required and does not intend to sell any of the securities prior to recovery of the amortized cost. At June 30, 2025, there was no allowance for credit losses ("ACL") for debt securities AFS.

The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features which allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in MBS because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

(Dollars in thousands)June 30, 2025September 30, 2024
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$380 $382 $1,826 $1,796 
Due after one year through five years1,712 1,732 14,772 14,211 
Due after five years through ten years27,883 24,013 70,894 63,636 
Due after ten years368,269 335,580 463,257 430,210 
398,244 361,707 550,749 509,853 
Mortgage-backed securities1,180,069 1,005,633 1,393,549 1,231,368 
Total debt securities AFS$1,578,313 $1,367,340 $1,944,298 $1,741,221 
Debt Securities HTM
Due after ten years$28,314 $24,051 $31,060 $28,392 
28,314 24,051 31,060 28,392 
Mortgage-backed securities1,959 1,720 2,032 1,844 
Total debt securities HTM$30,273 $25,771 $33,092 $30,236 

Federal Reserve Bank ("FRB") Stock. The Bank is required by federal law to subscribe to capital stock (divided into shares of $100 each) as a member of the FRB of Minneapolis with an amount equal to six per centum of the paid-up capital stock and surplus. One-half of the subscription is paid at time of application, and one-half is subject to call of the Board of Governors of the Federal Reserve System. FRB of Minneapolis stock held by the Bank totaled $19.7 million at June 30, 2025 and September 30, 2024. These equity securities are 'restricted' in that they can only be owned by member banks.

Federal Home Loan Bank ("FHLB") Stock. The Company's borrowings from the FHLB are secured by specific investment securities. Such advances can be made pursuant to several different credit programs, each of which has its own interest rate and range of maturities.

The investments in the FHLB stock are required investments related to the Company's membership in and current borrowings from the FHLB of Des Moines. The investments in the FHLB of Des Moines could be adversely impacted by the financial operations of the FHLB and actions of their regulator, the Federal Housing Finance Agency.
The FHLB stock is carried at cost since it is generally redeemable at par value. The carrying value of the stock held at the FHLB was $9.8 million and $16.3 million at June 30, 2025 and at September 30, 2024, respectively.

These equity securities are ‘restricted’ in that they can only be sold back to the respective institution from which they were acquired or another member institution at par. Therefore, FRB and FHLB stocks are less liquid than other marketable equity securities, and the cost approximates fair value.

Equity Securities. The Company held $3.7 million and $3.3 million in marketable equity securities within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2025 and September 30, 2024, respectively. The Company recognized $0.1 million and $0.2 million in unrealized losses on marketable equity securities during the nine months ended June 30, 2025 and 2024, respectively. No such securities were sold during the nine months ended June 30, 2025.

Non-marketable equity securities with a readily determinable fair value totaled $12.7 million and $11.8 million at June 30, 2025 and September 30, 2024, respectively. These securities are held within other assets on the Condensed Consolidated Statements of Financial Condition. The Company recognized $1.1 million and $0.6 million in unrealized gains during the nine months ended June 30, 2025 and 2024, respectively. No such securities were sold during the nine months ended June 30, 2025.

Non-marketable equity securities without readily determinable fair value totaled $14.7 million and $13.6 million at June 30, 2025 and September 30, 2024, respectively, reflecting Company ownership interests in other entities through its Pathward Venture Capital, LLC, a wholly-owned service corporation subsidiary of the Bank that was formed in 2017 for the purpose of making minority equity investments and other corporate investments. During the nine months ended June 30, 2025, the Company recognized a $0.4 million gain on Visa shares which were carried at a cost basis of $0. This gain was recognized within the gain on sale of other on the Condensed Consolidated Statements of Operations. There were no additional such securities sold during the nine months ended June 30, 2025.

Equity Securities Impairment. The Company evaluates impairment for investments held at cost on at least an annual basis based on the ultimate recoverability of the par value. All other equity investments, including those under the equity method, are reviewed for other-than-temporary impairment on at least a quarterly basis. The Company recognized no impairment for such investments for the nine months ended June 30, 2025 and 2024.
v3.25.2
LOANS AND LEASES, NET
 9 Months Ended
Jun. 30, 2025
Loans and Leases Receivable Disclosure [Abstract]  
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:

(Dollars in thousands)June 30, 2025September 30, 2024
Term lending$2,003,699 $1,554,641 
Asset-based lending610,852 471,897 
Factoring241,024 362,295 
Lease financing134,214 152,174 
SBA/USDA674,902 568,628 
Other commercial finance153,321 185,964 
Commercial finance3,818,012 3,295,599 
Consumer finance226,380 248,800 
Tax services37,419 8,825 
Warehouse finance664,110 517,847 
Total loans and leases4,745,921 4,071,071 
Net deferred loan origination costs (fees)(2,597)4,124 
Total gross loans and leases4,743,324 4,075,195 
Allowance for credit losses(105,995)(71,765)
Total loans and leases, net$4,637,329 $4,003,430 

During the nine months ended June 30, 2025 and 2024, the Company originated $1.93 billion and $1.43 billion of commercial finance and consumer finance as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $2.16 billion and a $26.9 million gain on sale during the nine months ended June 30, 2025. The Company sold held for sale loans resulting in proceeds of $1.47 billion and a $3.1 million gain on sale during the nine months ended June 30, 2024. Gains and losses from the sale of loans and leases are included in secondary market revenue on the Condensed Consolidated Statements of Operations.

See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information on the sale of the Company's commercial insurance premium finance business.
Loans purchased and sold by portfolio segment, including participation interests, were as follows:

Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Loans Purchased
Loans held for investment:
Commercial finance$1,271 $11,000 $20,811 $11,000 
Warehouse finance25,873 55,821 172,984 218,912 
Total purchases$27,144 $66,821 $193,795 $229,912 
Loans Sold
Loans held for sale:
Commercial finance$100,909 $24,173 $349,378 $49,218 
Consumer finance505,779 474,991 1,811,016 1,418,944 
Total sales$606,688 $499,164 $2,160,394 $1,468,162 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:

(Dollars in thousands)June 30, 2025September 30, 2024
Minimum lease payments receivable$144,134 $162,757 
Unguaranteed residual assets7,284 9,300 
Unamortized initial direct costs72 102 
Unearned income(17,204)(19,883)
Total net investment in direct financing and sales-type leases$134,286 $152,276 

The components of total lease income were as follows:

Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$2,444 $2,908 $8,431 $8,869 
Leasing and equipment finance noninterest income
Lease income from operating lease payments12,751 13,589 39,130 40,449 
Other(1)
747 1,051 3,193 2,644 
Total leasing and equipment finance noninterest income13,498 14,640 42,323 43,093 
Total lease income$15,942 $17,548 $50,754 $51,962 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$15,714 
202649,550 
202735,162 
202822,288 
202913,579 
Thereafter7,841 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases144,134 
Third-party residual value guarantees— 
Total carrying amount of minimum lease payments for direct financing and sales-type leases$144,134 

The Company did not record any contingent rental income from direct financing and sales-type leases in the nine months ended June 30, 2025.

A number of factors that began to affect the economic environment in 2023 have continued into 2025, including economic uncertainty, inflation, increased interest rates, with the Federal Reserve beginning to lower the target federal funds rate at the end of 2024, and geopolitical conflict. Since early 2025, global markets and the U.S. economy have also experienced disruption and volatility resulting from tariffs and other policies of the U.S. administration, which may continue during the remainder of 2025. Management continues to evaluate the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses and the impact to our customers and businesses as a result of these factors impacting the economy and will refine its estimate as developments occur and more information becomes available.
Activity in the allowance for credit losses by portfolio segment was as follows:

(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Three Months Ended June 30, 2025
Allowance for credit losses:
Term lending$26,219 $3,514 $(1,333)$976 $29,376 
Asset-based lending2,030 5,844 (539)— 7,335 
Factoring4,934 516 (464)391 5,377 
Lease financing1,243 219 (344)12 1,130 
SBA/USDA4,021 1,427 (421)1 5,028 
Other commercial finance384 (195)— — 189 
Commercial finance38,831 11,325 (3,101)1,380 48,435 
Consumer finance29,635 2,613 (6,381)600 26,467 
Tax services33,781 (4,728)(554)1,930 30,429 
Warehouse finance643 21 — — 664 
Total loans and leases102,890 9,231 (10,036)3,910 105,995 
Unfunded commitments(1)
851 47 — — 898 
Total $103,741 $9,278 $(10,036)$3,910 $106,893 
(As Restated)
Three Months Ended June 30, 2024Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,627 $5,962 $(4,628)$698 $30,659 
Asset-based lending1,215 10 — 9 1,234 
Factoring6,814 1,369 (2,389)18 5,812 
Lease financing1,551 (86)— 29 1,494 
Insurance premium finance1,409 480 (263)26 1,652 
SBA/USDA2,942 358 (456)— 2,844 
Other commercial finance1,720 (321)— — 1,399 
Commercial finance44,278 7,772 (7,736)780 45,094 
Consumer finance35,081 7,145 (10,009)351 32,568 
Tax services31,528 (3,285)(820)1,230 28,653 
Warehouse finance395 55 — — 450 
Total loans and leases111,282 11,687 (18,565)2,361 106,765 
Unfunded commitments(1)
743 240 — — 983 
Total $112,025 $11,927 $(18,565)$2,361 $107,748 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Nine Months Ended June 30, 2025
Allowance for credit losses:
Term lending$30,394 $12,187 $(15,916)$2,711 $29,376 
Asset-based lending1,356 6,690 (711)— 7,335 
Factoring5,757 (421)(634)675 5,377 
Lease financing1,189 1,346 (1,426)21 1,130 
Insurance premium finance— 91 (93)2 — 
SBA/USDA3,273 3,033 (1,327)49 5,028 
Other commercial finance607 (418)— — 189 
Commercial finance42,576 22,508 (20,107)3,458 48,435 
Consumer finance28,669 17,597 (21,362)1,563 26,467 
Tax services2 22,751 (1,295)8,971 30,429 
Warehouse finance518 146 — — 664 
Total loans and leases71,765 63,002 (42,764)13,992 105,995 
Unfunded commitments(1)
695 203 — — 898 
Total $72,460 $63,205 $(42,764)$13,992 $106,893 
(As Restated)
Nine Months Ended June 30, 2024Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$25,686 $18,087 $(14,925)$1,811 $30,659 
Asset-based lending2,738 (1,754)— 250 1,234 
Factoring6,566 1,497 (2,424)173 5,812 
Lease financing3,302 (1,867)(125)184 1,494 
Insurance premium finance2,637 (291)(923)229 1,652 
SBA/USDA2,962 338 (456)— 2,844 
Other commercial finance3,089 (1,690)— — 1,399 
Commercial finance46,980 14,320 (18,853)2,647 45,094 
Consumer finance49,496 11,033 (28,932)971 32,568 
Tax services2 23,292 (1,965)7,324 28,653 
Warehouse finance377 73 — — 450 
Total loans and leases96,855 48,718 (49,750)10,942 106,765 
Unfunded commitments(1)
272 711 — — 983 
Total $97,127 $49,429 $(49,750)$10,942 $107,748 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:

(Dollars in thousands)June 30, 2025September 30, 2024
Term lending$33,789 $15,491 
Asset-based lending9,517 — 
Factoring1,108 — 
Lease financing4,079 5,300 
SBA/USDA6,310 1,419 
Commercial finance(1)
54,803 22,210 
Total$54,803 $22,210 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.

Management has identified certain structured finance credits for alternative energy projects in which a substantial cash collateral account has been established to mitigate credit risk. Due to the nature of the transactions and significant cash collateral positions, these credits are evaluated individually. The balance of these pass rated cash collateral loans totaled $111.0 million and $105.1 million at June 30, 2025 and at September 30, 2024, respectively.

Federal regulations provide for the classification of loans and other assets such as debt and equity securities considered by the Bank's primary regulator, the OCC, to be of lesser quality as “substandard,” “doubtful” or “loss.” The loan classification and risk rating definitions are as follows:

Pass - A pass asset is of sufficient quality in terms of repayment, collateral and management to preclude a special mention or an adverse rating.
 
Watch - A watch asset is generally a credit performing well under current terms and conditions but with identifiable weakness meriting additional scrutiny and corrective measures. Watch is not a regulatory classification but can be used to designate assets that are exhibiting one or more weaknesses that deserve management’s attention. These assets are of better quality than special mention assets.

Special Mention - A special mention asset is a credit with potential weaknesses deserving management’s close attention and, if left uncorrected, may result in deterioration of the repayment prospects for the asset. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Special mention is a temporary status with aggressive credit management required to garner adequate progress and move to watch or higher.
 
The adverse classifications are as follows:
 
Substandard - A substandard asset is inadequately protected by the net worth and/or repayment ability or by a weak collateral position. Assets so classified will have well-defined weaknesses creating a distinct possibility the Bank will sustain some loss if the weaknesses are not corrected. Loss potential does not have to exist for an asset to be classified as substandard.

Doubtful - A doubtful asset has weaknesses similar to those classified substandard, with the degree of weakness causing the likely loss of some principal in any reasonable collection effort. Due to pending factors, the asset’s classification as loss is not yet appropriate.

Loss - A loss asset is considered uncollectible and of such little value that the asset’s continuance on the Bank’s balance sheet is no longer warranted. This classification does not necessarily mean an asset has no recovery or salvage value leaving room for future collection efforts.
Loans and leases, or portions thereof, are generally charged off when collection of principal becomes doubtful. Typically, this is associated with a delay or shortfall in payments of 120 days or more for consumer credit products and leases, and 90 days or more for commercial finance loans. Action is taken to charge off electronic return originator ("ERO") loans if such loans have not been collected by the end of June and refund advance loans if such loans have not been collected by the end of the calendar year. The Company individually evaluates loans and leases that do not share similar risk characteristics with other financial assets, which generally means loans and leases identified as modifications or loans and leases on nonaccrual status.

The Company recognizes that concentrations of credit may naturally occur and may take the form of a large volume of related loans and leases to an individual, a specific industry, or a geographic location. Credit concentration is a direct, indirect, or contingent obligation that has a common bond where the aggregate exposure equals or exceeds a certain percentage of the Company’s Tier 1 Capital plus the allowable Allowance for Credit Losses.

The Company has various portfolios of consumer finance and tax services loans that present unique risks that are statistically managed. Due to the unique risks associated with these portfolios, the Company monitors other credit quality indicators in its evaluation of the appropriateness of the ACL on these portfolios, and as such, these loans are not included in the asset classification table below. The outstanding balances of consumer finance loans and tax services loans were $226.4 million and $37.4 million at June 30, 2025, respectively, and $248.8 million and $8.8 million at September 30, 2024, respectively.

The amortized cost basis of loans and leases by asset classification and year of origination was as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
June 30, 202520252024202320222021Prior
Term lending
Pass$639,497 $447,978 $307,564 $106,578 $65,242 $43,752 $— $1,610,611 
Watch32,947 49,641 77,918 7,643 17,657 11,035 — 196,841 
Special mention— 56,703 5,349 645 8,978 80 — 71,755 
Substandard1,671 19,994 40,877 20,882 14,293 20,438 — 118,155 
Doubtful— 229 776 3,647 1,572 113 — 6,337 
Total674,115 574,545 432,484 139,395 107,742 75,418 — 2,003,699 
Current period charge-offs— 7,637 4,365 2,704 851 359 — 15,916 
Asset-based lending
Pass— — — — — — 343,417 343,417 
Watch— — — — — — 249,272 249,272 
Special mention— — — — — — 7,641 7,641 
Substandard— — — — — — 5,643 5,643 
Doubtful— — — — — — 4,879 4,879 
Total— — — — — — 610,852 610,852 
Current period charge-offs— — — — — — 711 711 
Factoring
Pass— — — — — — 192,550 192,550 
Watch— — — — — — 43,120 43,120 
Special mention— — — — — — 1,624 1,624 
Substandard— — — — — — 2,387 2,387 
Doubtful— — — — — — 1,343 1,343 
Total— — — — — — 241,024 241,024 
Current period charge-offs— — — — — — 634 634 
Lease financing
Pass25,064 29,883 38,619 6,140 1,741 5,183 — 106,630 
Watch3,967 6,925 781 1,080 1,812 355 — 14,920 
Special mention— — — — 211 — — 211 
Substandard— — 5,545 1,607 4,180 970 — 12,302 
Doubtful— — 150 — 1 — — 151 
Total29,031 36,808 45,095 8,827 7,945 6,508 — 134,214 
Current period charge-offs— — 320 — 1,005 101 — 1,426 
Insurance premium finance
Current period charge-offs— 62 31 — — — — 93 
SBA/USDA
Pass71,249 102,629 171,232 155,222 18,905 39,753 — 558,990 
Watch19,885 6,217 241 9,735 998 3,779 — 40,855 
Special mention63 255 — 2,538 329 2,156 — 5,341 
Substandard612 2,048 17,463 12,553 2,864 32,471 — 68,011 
Doubtful— 884 693 — — 128 — 1,705 
Total91,809 112,033 189,629 180,048 23,096 78,287 — 674,902 
Current period charge-offs— — 171 90 55 1,011 — 1,327 
Other commercial finance
Pass8,385 62,895 2,120 127 12,122 64,771 — 150,420 
Watch— — 2,436 — — — — 2,436 
Substandard— — 465 — — — — 465 
Total8,385 62,895 5,021 127 12,122 64,771 — 153,321 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 664,110 664,110 
Total— — — — — — 664,110 664,110 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass744,195 643,385 519,535 268,067 98,010 153,459 1,200,077 3,626,728 
Watch56,799 62,783 81,376 18,458 20,467 15,169 292,392 547,444 
Special mention63 56,958 5,349 3,183 9,518 2,236 9,265 86,572 
Substandard2,283 22,042 64,350 35,042 21,337 53,879 8,030 206,963 
Doubtful— 1,113 1,619 3,647 1,573 241 6,222 14,415 
Total$803,340 $786,281 $672,229 $328,397 $150,905 $224,984 $1,515,986 $4,482,122 
Current period charge-offs$— $7,699 $4,887 $2,794 $1,911 $1,471 $1,345 $20,107 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Term lending
Pass$548,597 $398,832 $117,180 $77,585 $42,950 $24,166 $— $1,209,310 
Watch47,765 52,317 34,964 31,025 2,720 2,312 — 171,103 
Special mention44,617 3,106 9,121 14,772 7,238 2 — 78,856 
Substandard9,798 24,187 18,537 11,660 18,894 2,631 — 85,707 
Doubtful4,314 1,465 2,247 758 114 767 — 9,665 
Total655,091 479,907 182,049 135,800 71,916 29,878 — 1,554,641 
Current period charge-offs114 3,102 8,502 3,576 2,184 715 — 18,193 
Asset-based lending
Pass— — — — — — 233,268 233,268 
Watch— — — — — — 221,521 221,521 
Special mention— — — — — — 13,187 13,187 
Substandard— — — — — — 3,921 3,921 
Total— — — — — — 471,897 471,897 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 292,436 292,436 
Watch— — — — — — 62,270 62,270 
Special mention— — — — — — 271 271 
Substandard— — — — — — 7,306 7,306 
Doubtful— — — — — — 12 12 
Total— — — — — — 362,295 362,295 
Current period charge-offs— — — — — — 2,453 2,453 
Lease financing
Pass44,883 48,851 12,862 7,101 7,938 1,733 — 123,368 
Watch1,837 3,537 370 6,264 1,362 40 — 13,410 
Special mention— 250 — — 174 — — 424 
Substandard— 6,691 2,723 2,717 2,069 603 — 14,803 
Doubtful— — — 138 31 — — 169 
Total46,720 59,329 15,955 16,220 11,574 2,376 — 152,174 
Current period charge-offs— — — 207 80 — — 287 
Insurance premium finance
Current period charge-offs86 890 173 — — — — 1,149 
SBA/USDA
Pass60,636 171,136 179,490 20,825 28,588 39,319 — 499,994 
Watch5,244 6,967 — 639 10 3,026 — 15,886 
Special mention— — — 156 — 363 — 519 
Substandard1,037 15,923 12,158 2,003 9,519 11,134 — 51,774 
Doubtful— 185 55 55 62 98 — 455 
Total66,917 194,211 191,703 23,678 38,179 53,940 — 568,628 
Current period charge-offs— 549 79 — 127 — — 755 
Other commercial finance
Pass73,330 2,210 6,685 12,351 1,274 70,203 — 166,053 
Watch— 2,480 — — — — — 2,480 
Substandard— 508 — 16,923 — — — 17,431 
Total73,330 5,198 6,685 29,274 1,274 70,203 — 185,964 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 517,847 517,847 
Total— — — — — — 517,847 517,847 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass727,446 621,029 316,217 117,862 80,750 135,421 1,043,551 3,042,276 
Watch54,846 65,301 35,334 37,928 4,092 5,378 283,791 486,670 
Special mention44,617 3,356 9,121 14,928 7,412 365 13,458 93,257 
Substandard10,835 47,309 33,418 33,303 30,482 14,368 11,227 180,942 
Doubtful4,314 1,650 2,302 951 207 865 12 10,301 
Total$842,058 $738,645 $396,392 $204,972 $122,943 $156,397 $1,352,039 $3,813,446 
Current period charge-offs$200 $4,541 $8,754 $3,783 $2,391 $715 $2,453 $22,837 
Past due loans and leases were as follows:

Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
June 30, 2025
Loans held for sale$— $— $— $— $49,767 $49,767 $— $— $— 
Term lending23,236 5,910 23,336 52,482 1,951,217 2,003,699 188 39,217 39,405 
Asset-based lending— — — — 610,852 610,852 — 9,517 9,517 
Factoring— — — — 241,024 241,024 — 1,730 1,730 
Lease financing2,846 1,471 5,160 9,477 124,737 134,214 918 4,286 5,204 
SBA/USDA96 5,900 8,729 14,725 660,177 674,902 2,264 6,774 9,038 
Other commercial finance— — — — 153,321 153,321 — — — 
Commercial finance26,178 13,281 37,225 76,684 3,741,328 3,818,012 3,370 61,524 64,894 
Consumer finance3,376 2,497 6,402 12,275 214,105 226,380 6,402 — 6,402 
Tax services— 37,234 — 37,234 185 37,419 — — — 
Warehouse finance— — — — 664,110 664,110 — — — 
Total loans and leases held for investment29,554 53,012 43,627 126,193 4,619,728 4,745,921 9,772 61,524 71,296 
Total loans and leases$29,554 $53,012 $43,627 $126,193 $4,669,495 $4,795,688 $9,772 $61,524 $71,296 
September 30, 2024
Loans held for sale$2,266 $1,361 $1,050 $4,677 $687,011 $691,688 $1,050 $— $1,050 
Term lending19,776 5,124 17,694 42,594 1,512,047 1,554,641 1,923 23,462 25,385 
Asset-based lending— — — — 471,897 471,897 — — — 
Factoring— — — — 362,295 362,295 — 29 29 
Lease financing3,605 1,595 109 5,309 146,865 152,174 60 746 806 
SBA/USDA— 952 2,172 3,124 565,504 568,628 331 2,175 2,506 
Other commercial finance— — — — 185,964 185,964 — — — 
Commercial finance23,381 7,671 19,975 51,027 3,244,572 3,295,599 2,314 26,412 28,726 
Consumer finance3,962 3,186 3,053 10,201 238,599 248,800 3,053 — 3,053 
Tax services— — 8,733 8,733 92 8,825 8,733 — 8,733 
Warehouse finance— — — — 517,847 517,847 — — — 
Total loans and leases held for investment27,343 10,857 31,761 69,961 4,001,110 4,071,071 14,100 26,412 40,512 
Total loans and leases$29,609 $12,218 $32,811 $74,638 $4,688,121 $4,762,759 $15,150 $26,412 $41,562 
Nonaccrual loans and leases by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
June 30, 202520252024202320222021Prior
Term lending$— $807 $13,395 $11,286 $13,537 $192 $— $39,217 $19,152 
Asset-based lending— — — — — — 9,517 9,517 — 
Factoring— — — — — — 1,730 1,730 — 
Lease financing— — 150 — 3,480 656 — 4,286 4,079 
SBA/USDA— 3,537 3,082 — 27 128 — 6,774 — 
Commercial finance— 4,344 16,627 11,286 17,044 976 11,247 61,524 23,231 
Total nonaccrual loans and leases$— $4,344 $16,627 $11,286 $17,044 $976 $11,247 $61,524 $23,231 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
September 30, 202420242023202220212020Prior
Term lending$9,281 $3,433 $5,369 $1,386 $625 $3,368 $— $23,462 $2,579 
Factoring— — — — — — 29 29 — 
Lease financing— 577 11 46 2 110 — 746 — 
SBA/USDA— 738 55 55 742 585 — 2,175 681 
Commercial finance9,281 4,748 5,435 1,487 1,369 4,063 29 26,412 3,260 
Total nonaccrual loans and leases$9,281 $4,748 $5,435 $1,487 $1,369 $4,063 $29 $26,412 $3,260 

Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
June 30, 202520252024202320222021Prior
Term lending$— $— $— $187 $— $1 $— $188 
Lease financing— 100 149 669 — — — 918 
SBA/USDA— 2,264 — — — — — 2,264 
Commercial finance— 2,364 149 856 — 1 — 3,370 
Consumer finance4,625 892 763 90 32 — — 6,402 
Total loans and leases held for investment4,625 3,256 912 946 32 1 — 9,772 
Total 90 days or more delinquent and accruing$4,625 $3,256 $912 $946 $32 $1 $— $9,772 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Loans held for sale$1,031 $19 $— $— $— $— $— $1,050 
Term lending— 621 354 719 217 12 — 1,923 
Lease financing— — — 2 58 — — 60 
SBA/USDA— — 331 — — — — 331 
Commercial finance— 621 685 721 275 12 — 2,314 
Consumer finance736 1,841 388 88 — — — 3,053 
Tax services8,733 — — — — — — 8,733 
Total loans and leases held for investment9,469 2,462 1,073 809 275 12 — 14,100 
Total 90 days or more delinquent and accruing$10,500 $2,481 $1,073 $809 $275 $12 $— $15,150 
Certain loans and leases 90 days or more past due as to interest or principal continue to accrue because they are (1) well-secured and in the process of collection or (2) consumer loans exempt under regulatory rules from being classified as nonaccrual until later delinquency, usually 120 days past due.

The following table provides the average recorded investment in nonaccrual loans and leases:

Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Term lending$30,308 $20,007 $27,012 $18,808 
Asset-based lending6,996 — 2,970 4,896 
Factoring1,350 967 1,004 2,631 
Lease financing4,514 635 3,655 1,299 
SBA/USDA7,005 2,853 4,000 2,223 
Commercial finance50,173 24,462 38,641 29,857 
Total loans and leases$50,173 $24,462 $38,641 $29,857 

The recognized interest income on the Company's nonaccrual loans and leases for the three and nine months ended June 30, 2025 and 2024 was not significant.

Modifications made to borrowers experiencing financial difficulty during the three and nine months ended June 30, 2025 were none and $9.1 million, respectively, in the commercial finance loan portfolio. The types of modifications granted were term extensions. Modifications made to borrowers experiencing financial difficulty during the three and nine months ended June 30, 2024 were $6.1 million and $7.6 million in the commercial finance loan portfolio, respectively.

During the nine months ended June 30, 2025, the Company had $7.2 million of commercial finance loans where a modification was granted in the previous 12 months in which there was a payment default. As of June 30, 2025, no modifications granted during the current nine month period were in the 60-89 days past due category. During the nine months ended June 30, 2024, the Company had $1.5 million of commercial finance loans where a modification was granted in the previous 12 months in which there was a payment default.
v3.25.2
EARNINGS PER COMMON SHARE ("EPS")
 9 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE ("EPS") EARNINGS PER COMMON SHARE ("EPS")
The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic EPS is computed using the two-class method by dividing income available to common stockholders after the allocation of dividends and undistributed earnings to the participating securities by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated using the more dilutive of the two-class method or the treasury stock method. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect upon vesting of performance share units ("PSUs") and restricted stock grants, and after the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method.
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.

Three Months Ended June 30,Nine Months Ended June 30,
2025202420252024
(Dollars in thousands, except per share data)(As Restated)(As Restated)
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$42,147 $44,869 $147,069 $149,686 
Dividends and undistributed earnings allocated to participating securities(152)(464)(553)(1,312)
Basic net earnings available to common stockholders41,995 44,405 146,516 148,374 
Undistributed earnings allocated to nonvested restricted stockholders148 451 540 1,278 
Reallocation of undistributed earnings to nonvested restricted stockholders(147)(450)(537)(1,277)
Diluted net earnings available to common stockholders$41,996 $44,406 $146,519 $148,375 
Total weighted-average basic common shares outstanding23,006,454 24,946,085 23,629,565 25,335,621 
Effect of dilutive securities(1)
PSUs133,670 33,733 115,521 29,021 
Total effect of dilutive securities133,670 33,733 115,521 29,021 
Total weighted-average diluted common shares outstanding23,140,124 24,979,818 23,745,086 25,364,642 
Net earnings per common share:
Basic earnings per common share$1.83 $1.78 $6.20 $5.86 
Diluted earnings per common share(2)
$1.81 $1.78 $6.17 $5.85 
(1) Represents the effect of the assumed vesting of PSUs and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended June 30, 2025 and 2024, respectively, were 83,151 and 260,415 weighted average share of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the nine months ended June 30, 2025 and 2024, respectively, were 89,175 and 224,035 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.25.2
RENTAL EQUIPMENT, NET
 9 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:

(Dollars in thousands)June 30, 2025September 30, 2024
Computers and IT networking equipment$12,080 $21,308 
Motor vehicles and other145,557 140,920 
Other furniture and equipment34,427 38,755 
Solar panels and equipment124,143 128,296 
Total316,207 329,279 
Accumulated depreciation(135,595)(124,987)
Unamortized initial direct costs758 1,047 
Net book value$181,370 $205,339 
Future minimum lease payments expected to be received for operating leases at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$10,039 
202635,440 
202726,800 
202818,324 
202912,994 
Thereafter6,488 
Total $110,085 
v3.25.2
GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company held a total of $297.9 million of goodwill at June 30, 2025. The recorded goodwill is a result of multiple business combinations that occurred from 2015 to 2018. During the nine months ended June 30, 2025, the Company closed on the sale of the commercial insurance premium finance business and derecognized the goodwill associated with that reporting unit. The goodwill was included in the carrying amount of the disposed business. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

The changes in the carrying amount of the Company's goodwill were as follows:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
September 30, 2024$87,145 $222,360 $— $309,505 
Divestiture— (11,577)— (11,577)
June 30, 2025$87,145 $210,783 $— $297,928 
September 30, 2023$87,145 $222,360 $— $309,505 
June 30, 2024$87,145 $222,360 $— $309,505 
The changes in the carrying amount of the Company’s intangible assets during the nine months ended June 30, 2025 include certain intangibles disposed of as part of the commercial insurance premium finance business sale. The relevant intangibles were included in the carrying amount of the disposed business. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

(Dollars in thousands)
Trademark(1)
Non-Compete
Customer Relationships(2)
All Others(3)
Total
September 30, 2024$6,422 $— $6,566 $3,601 $16,589 
Amortization during the period(806)— (1,462)(425)(2,693)
Write-offs and disposals during the period— — (631)— (631)
June 30, 2025$5,616 $— $4,473 $3,176 $13,265 
Gross carrying amount$13,774 $301 $70,338 $7,732 $92,145 
Accumulated amortization(8,158)(301)(54,947)(4,403)(67,809)
Accumulated impairment— — (10,918)(153)(11,071)
June 30, 2025$5,616 $— $4,473 $3,176 $13,265 
September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(790)— (2,018)(399)(3,207)
June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
Gross carrying amount$13,774 $301 $77,578 $7,732 $99,385 
Accumulated amortization(7,087)(301)(59,568)(3,845)(70,801)
Accumulated impairment— — (10,918)(153)(11,071)
June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 10-30 years. Amortized using the accelerated method.
(3) Book amortization period of 3-20 years. Amortized using the straight line method.

The estimated amortization expense of intangible assets assumes no activities, such as acquisitions, which would result in additional amortizable intangible assets. Estimated amortization expense of intangible assets in the remaining three months of fiscal 2025 and subsequent fiscal years at June 30, 2025 was as follows:

(Dollars in thousands)
Remaining in 2025$764 
20263,103 
20272,483 
20282,194 
20291,581 
Thereafter3,140 
Total anticipated intangible amortization$13,265 

There were no impairments to intangible assets during the nine months ended June 30, 2025 and 2024. Intangible impairment expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
 9 Months Ended
Jun. 30, 2025
Leases [Abstract]  
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
Operating lease right-of-use ("ROU") assets, included in other assets, were $23.2 million and $24.4 million at June 30, 2025 and September 30, 2024, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $24.5 million and $26.0 million at June 30, 2025 and September 30, 2024, respectively.
The decreases in lease ROU assets and liabilities relate to normal amortization and lease payments made during the nine months ended June 30, 2025, but also include adjustments for lease assignments that occurred as a result of the commercial insurance premium finance business sale during the first quarter. Two office locations, Newport Beach, California and Addison, Texas, were included in the sale of the commercial insurance premium finance business and the relevant lease ROU assets and liabilities are no longer reflected in the Company's Condensed Consolidated Financial Statements after the transaction closed. The derecognition of the relevant lease ROU assets and liabilities resulted in a $0.5 million gain on remeasurement that was recognized as part of the overall gain on divestitures from the commercial insurance premium finance business sale. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$866 
20263,391 
20273,306 
20283,397 
20293,436 
Thereafter13,108 
Total undiscounted future minimum lease payments 27,504 
Discount(3,043)
Total operating lease liabilities$24,461 

The weighted-average discount rate and remaining lease term for operating leases were as follows:

June 30, 2025September 30, 2024
Weighted-average discount rate2.67 %2.45 %
Weighted-average remaining lease term (years)8.228.78

The components of total lease costs for operating leases were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Lease expense$987 $990 $2,904 $3,007 
Short-term and variable lease cost18 21 62 44 
Sublease income(350)(314)(1,053)(953)
Total lease cost for operating leases$655 $697 $1,913 $2,098 
v3.25.2
STOCKHOLDERS' EQUITY
 9 Months Ended
Jun. 30, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Repurchase of Common Stock. The Company's Board of Directors authorized the September 3, 2021 share repurchase program to repurchase up to 6,000,000 shares of the Company's outstanding common stock. This authorization was effective from September 3, 2021 through September 30, 2024, with 146,435 shares authorized by this repurchase program not repurchased when it expired. On August 25, 2023, the Company's Board of Directors announced a share repurchase program to repurchase up to an additional 7,000,000 shares of the Company's outstanding common stock on or before September 30, 2028. During the nine months ended June 30, 2025 and 2024, the Company repurchased 1,881,444 and 1,283,693 shares, respectively, as part of the share repurchase programs.

Under the repurchase programs, repurchased shares were retired and designated as authorized but unissued shares. The Company accounts for repurchased shares using the par value method under which the repurchase price is credited to paid-in capital up to the par value of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. As of June 30, 2025, 5,118,556 shares of common stock remained available for repurchase.
For the nine months ended June 30, 2025 and 2024, the Company also repurchased 66,446 and 122,452 shares, or $4.6 million and $5.8 million, of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.

Retirement of Treasury Stock. The Company accounts for the retirement of repurchased shares, including treasury stock, using the par value method under which the repurchase price is charged to paid-in capital up to the amount of the original proceeds of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. The Company retired no shares of common stock held in treasury during the nine months ended June 30, 2025 and 2024.
v3.25.2
STOCK COMPENSATION
 9 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
STOCK COMPENSATION STOCK COMPENSATION
On February 27, 2024, the shareholders of the Company voted to approve the Pathward Financial, Inc. 2023 Omnibus Incentive Plan (the "Plan"). The Plan permits the granting of various types of awards including but not limited to nonvested (restricted) shares and PSUs to certain officers and directors of the Company. Awards may be granted by the Compensation Committee of the Board of Directors based on the performance of the award recipients or other relevant factors.

Shares have previously been granted each year to executives and senior leadership members under the applicable Company incentive plan. These shares vest at various times ranging from immediately to three years based on circumstances at time of grant. The fair value is determined based on the fair market value of the Company’s stock on the grant date. Director shares are issued to the Company’s directors, and these shares have historically vested from immediately to up to one year from the grant date.

The Company also grants selected executives PSU awards. The vesting of these awards is contingent on meeting company-wide performance goals, including earnings per share. PSUs are generally granted at the market value of the underlying share on the date of grant, adjusted for dividends, as PSUs do not participate in dividends. The awards contingently vest over a period of three years and have payout levels ranging from a threshold of 50% to a maximum of 200%. Upon vesting, each PSU earned is converted into one share of common stock.

The fair value of the PSUs is determined by the dividend-adjusted fair value on the grant date for those awards subject to a performance condition. For those PSUs subject to a market condition, a simulation valuation is performed.

In addition, during the first and second quarters of fiscal year 2017, shares were granted to certain executive officers of the Company in connection with their signing of employment agreements with the Company. These stock awards vest in equal installments over eight years.
The following tables show the activity of share awards (including shares of restricted stock subject to vesting, fully-vested restricted stock, and PSUs) granted, exercised or forfeited under all of the Company's incentive plans during the nine months ended June 30, 2025.

Number of SharesWeighted Average Fair Value at Grant
Restricted Stock Awards
Nonvested shares outstanding, September 30, 2024248,670 $41.19 
Granted15,600 77.42 
Vested(179,669)41.24 
Forfeited or expired(2,606)47.94 
Nonvested shares outstanding, June 30, 202581,995 $47.77 
Restricted Stock Units
Nonvested shares outstanding, September 30, 2024— $— 
Granted88,310 79.47 
Vested— — 
Forfeited or expired(3,939)79.35 
Nonvested shares outstanding, June 30, 202584,371 $79.48 
Number of UnitsWeighted Average Fair Value at Grant
PSUs
PSUs outstanding, September 30, 2024142,462 $47.24 
Granted34,208 79.47 
Vested(34,304)57.21 
Forfeited or expired— — 
PSUs outstanding, June 30, 2025142,366 $52.59 

Compensation expense for share-based awards is recorded over the vesting period at the fair value of the award at the time of the grant. The exercise price of fair value of nonvested (restricted) shares and PSUs granted under the Company’s incentive plans is equal to the fair market value of the underlying stock at the grant date, adjusted for dividends where applicable. The Company has elected to record forfeitures as they occur.

As of June 30, 2025, stock-based compensation expense not yet recognized in income totaled $9.4 million, which is expected to be recognized over a weighted average remaining period of 1.65 years.
v3.25.2
INCOME TAXES
 9 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company recorded an income tax expense of $27.0 million for the nine months ended June 30, 2025, resulting in an effective tax rate of 15.44%, compared to an income tax expense of $30.7 million, or an effective tax rate of 16.96%, for the nine months ended June 30, 2024. The Company’s effective tax rate was lower than the U.S. statutory rate of 21% primarily because of the effect of investment tax credits during fiscal year 2025. The Company's effective tax rate in the future will depend in part on actual investment tax credits generated from qualified renewable energy property.
The table below compares the income tax expense components for the periods presented.

Nine Months Ended June 30,
20252024
(Dollars in thousands)(As Restated)
Provision at statutory rate$36,547 $37,887 
Tax-exempt income(480)(522)
State income taxes6,562 7,300 
Interim period effective rate adjustment(9,971)(846)
Tax credit investments, net - federal(3,913)(12,556)
Research tax credit(752)(602)
IRC 162(m) nondeductible compensation1,061 826 
Other, net(2,088)(761)
Income tax expense$26,966 $30,726 
Effective tax rate15.44%16.96 %
v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS
 9 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Topic 606 applies to all contracts with customers unless such revenue is specifically addressed under existing guidance. The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended June 30,20252024202520242025202420252024
Net interest income(1)
$67,949 $69,328 $51,241 $52,932 $3,123 $490 $122,313 $122,750 
Noninterest income:
Refund transfer product fees9,846 9,111 — — — — 9,846 9,111 
Refund advance and other tax fee income(1)
307 (67)— — — — 307 (67)
Card and deposit fees37,171 33,151 165 250 6 7 37,342 33,408 
Rental income(1)
— — 12,681 13,615 232 164 12,913 13,779 
Secondary market revenue(1)
41 20 7,103 1,701 — — 7,144 1,721 
Gain on sale of other(1)
— — 330 563 64 2,391 394 2,954 
Other income(1)
2,383 2,020 2,023 1,922 1,090 1,023 5,496 4,965 
Total noninterest income49,748 44,235 22,302 18,051 1,392 3,585 73,442 65,871 
Revenue$117,697 $113,563 $73,543 $70,983 $4,515 $4,075 $195,755 $188,621 
Nine Months Ended June 30,
Net interest income(1)
$224,644 $205,530 $136,521 $142,631 $22,677 $22,150 $383,842 $370,311 
Noninterest income:
Refund transfer product fees42,919 38,475 — — — — 42,919 38,475 
Refund advance and other tax fee income(1)
49,416 43,244 — — — — 49,416 43,244 
Card and deposit fees96,582 98,755 599 727 20 20 97,201 99,502 
Rental income(1)
— — 39,180 40,444 642 514 39,822 40,958 
(Loss) on sale of securities(1)
— — — — (22,899)— (22,899)— 
Gain on divestitures(1)
— — — — 15,044 — 15,044 — 
Secondary market revenue(1)
56 5 13,515 3,086 13,329 — 26,900 3,091 
Gain on sale of other(1)
— — 1,487 1,147 520 4,972 2,007 6,119 
Other income(1)
8,403 6,230 6,878 6,395 3,653 3,563 18,934 16,188 
Total noninterest income197,376 186,709 61,659 51,799 10,309 9,069 269,344 247,577 
Revenue$422,020 $392,239 $198,180 $194,430 $32,986 $31,219 $653,186 $617,888 
(1) These revenues are not within the scope of Topic 606. Additional details are included in other footnotes to the accompanying financial statements. The scope of Topic 606 explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, and securities.

Following is a discussion of key revenues within the scope of Topic 606. The Company provides services to customers that have related performance obligations that must be completed to recognize revenue. Revenues are generally recognized immediately upon the completion of the service or over time as services are performed. Any services performed over time generally require that the Company renders services each period; therefore, the Company measures progress in completing these services based upon the passage of time. Revenue from contracts with customers did not generate significant contract assets and liabilities for the nine months ended June 30, 2025.
Refund Transfer Product Fees. Refund transfer fees are specific to the Partner Solutions business line and reflect product fees offered by the Company through third-party tax preparers and tax preparation software providers where the Company acts as the partnering financial institution. A refund transfer allows a taxpayer to pay tax preparation and filing fees directly from their federal or state government tax refund, with the remainder of the refund being disbursed in accordance with the terms and conditions of the taxpayer agreement, which may include satisfaction of other disbursement obligations before going directly to the taxpayer via check, direct deposit, or prepaid card. Refund transfer fees are recognized by the Company immediately after the taxpayer's refund has been disbursed in accordance with the contract and are based on standalone pricing included within the terms and conditions. Certain expenses to tax preparation software providers are netted with refund transfer fee income as the Company is considered the agent in these contractual relationships. All refund transfer fees are recorded within the Consumer reporting segment.

Card and Deposit Fees. Card fees relate to the Partner Solutions business line and consist of income from prepaid cards and merchant services, including interchange fees from prepaid cards processed through card association networks, merchant services and other card related services. Interchange rates are generally set by card association networks based on transaction volume and other factors. Since interchange fees are generated by cardholder activity, the Company recognizes the income as transactions occur. Fee income for merchant services and other card related services reflect account management and transaction fees charged to merchants for processing card association network transactions. The associated income is recognized as transactions occur or as services are performed. For the Company's internally managed prepaid card programs, fees are based on standalone pricing within the terms and conditions of the cardholder agreement. The Company is considered the principal of these relationships resulting in all fee income being presented on a gross basis within the Condensed Consolidated Statement of Operations. For the Company's sponsorship prepaid card programs where a third-party is considered the Program Manager, the fees are based on standalone pricing within the terms and conditions of the Program Agreement. For these relationships, the Company is considered the agent and certain expenses with the Program Manager, networks and associations are netted with card fee revenue. All card fee income is included in the Consumer reporting segment.

Deposit fees relate to the Partner Solutions and Commercial Finance business lines and consist of income from banking and deposit-related services, including account services, overdraft protection, and wire transfers. Fee income for account services is recognized over the course of the month as the performance obligation is satisfied. Fee income for overdraft protection and wire transfers is recognized at the point in time when such event occurs. For partner solutions, the fees for account services and overdraft protection are based on standalone pricing within the terms and conditions of the Program Agreement with the sponsorship partner. For these relationships, the Company is considered the agent and certain expenses with the partner are netted with deposit fee revenue. For Commercial Finance, fees for wire transfers are based on standalone pricing within the terms and conditions of the customer deposit agreement. Bank and deposit fees for the Partner Solutions and Commercial Finance business lines are included in the Consumer and Commercial reporting segments, respectively. Also included within Card and Deposit Fees for the Consumer reporting segment are servicing fees the Company recognizes for off-balance sheet custodial deposits. This fee income is for services the Bank performs to maintain records of cardholder funds placed at one or more third-party banks insured by the Federal Deposit Insurance Corporation ("FDIC"). The servicing fee is typically reflective of the effective federal funds rate ("EFFR").
v3.25.2
SEGMENT REPORTING
 9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision-maker. Operating segments are aggregated into reportable segments if certain criteria are met.

The Company reports its results of operations through the following three business segments: Consumer, Commercial, and Corporate Services/Other. The Partner Solutions business line is reported in the Consumer segment. The Commercial Finance business line is reported in the Commercial segment. The Corporate Services/Other segment includes certain shared services as well as treasury related functions such as the investment portfolio, warehouse finance, wholesale deposits, and borrowings.
The following table presents segment data for the Company:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended June 30,20252024202520242025202420252024
Net interest income$67,949 $69,328 $51,241 $52,932 $3,123 $490 $122,313 $122,750 
Provision for credit loss(2,114)3,859 11,371 8,013 21 55 9,278 11,927 
Noninterest income49,748 44,235 22,302 18,051 1,392 3,585 73,442 65,871 
Noninterest expense56,962 50,964 32,237 33,227 50,123 41,319 139,322 125,510 
Income (loss) before income tax expense62,849 58,740 29,935 29,743 (45,629)(37,299)47,155 51,184 
Total assets419,654 423,116 4,257,971 4,324,946 2,552,219 2,764,968 7,229,844 7,513,030 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,823,684 6,190,419 87 13,592 181,475 227,505 6,005,246 6,431,516 
Nine Months Ended June 30,
Net interest income$224,644 $205,530 $136,521 $142,631 $22,677 $22,150 $383,842 $370,311 
Provision for credit loss40,349 34,325 22,710 15,031 146 73 63,205 49,429 
Noninterest income197,376 186,709 61,659 51,799 10,309 9,069 269,344 247,577 
Noninterest expense177,290 162,543 98,603 106,213 139,403 118,573 415,296 387,329 
Income (loss) before income tax expense204,381 195,371 76,867 73,186 (106,563)(87,427)174,685 181,130 
Total assets419,654 423,116 4,257,971 4,324,946 2,552,219 2,764,968 7,229,844 7,513,030 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,823,684 6,190,419 87 13,592 181,475 227,505 6,005,246 6,431,516 
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS
 9 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUES OF FINANCIAL INSTRUMENTS
ASC 820, Fair Value Measurements defines fair value, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system and requires disclosures about fair value measurement. It clarifies that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts.

The fair value hierarchy is as follows:

Level 1 Inputs - Valuation is based upon quoted prices for identical instruments traded in active markets that the Company has the ability to access at measurement date.

Level 2 Inputs - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which significant assumptions are observable in the market.

Level 3 Inputs - Valuation is generated from model-based techniques that use significant assumptions not observable in the market and are used only to the extent that observable inputs are not available. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability.

Debt Securities AFS and HTM. Debt securities AFS are recorded at fair value on a recurring basis and debt securities HTM are carried at amortized cost.

The fair value of debt securities AFS, categorized primarily as Level 2, is recorded using prices obtained from independent asset pricing services that are based on observable transactions, but not quoted markets. Management
reviews the prices obtained from independent asset pricing services for unusual fluctuations and compares to current market trading activity.

Equity Securities. Marketable equity securities and certain non-marketable equity securities are recorded at fair value on a recurring basis. The fair values of marketable equity securities are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs).

Derivatives. The Bank's use of derivatives is limited to the Consumer Lending Programs. Under these Programs, the Bank has an agreement with a third party to originate consumer loans that are included in the Bank's held for investment or held for sale portfolios. The third party provides a target return to the Company on the portfolio of loans retained by the Bank and all interest received from borrowers on such loans above the target return and after all charge-offs have been covered is paid to the third party as excess interest and servicing. The primary drivers of the derivative value include the Company's ability to settle the loans at par value and the third party partners' rights of first refusal to purchase loans that the Company intends to sell. The Company estimates the fair value of the derivative instrument using a market approach considering primarily the average interest rate on the underlying loans and the credit spread relative to the risk-free rate in order to validate that the value of the loans is in excess of par and thus the derivative could be settled by either party at no cost. The Company considers this derivative instrument to be within Level 3 of the fair value hierarchy, as it utilizes inputs from sales or securitization transactions involving similar loans. As of June 30, 2025 and September 30, 2024, the Company determined the derivatives had no fair value, respectively, thus eliminating the need for further disclosures regarding Level 3 inputs as outlined in ASC 820.

The following table summarizes the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.

(Dollars in thousands)TotalLevel 1Level 2Level 3
June 30, 2025
Debt securities AFS    
Corporate securities$21,125 $— $21,125 $— 
SBA securities10,683 — 10,683 — 
Obligations of states and political subdivisions161 — 161 — 
Non-bank qualified obligations of states and political subdivisions189,545 — 189,545 — 
Asset-backed securities140,192 — 140,192 — 
Mortgage-backed securities1,005,634 — 1,005,634 — 
Total debt securities AFS$1,367,340 $— $1,367,340 $— 
Common equities and mutual funds(1)
$3,675 $3,675 $— $— 
Non-marketable equity securities(2)
$12,669 $— $— $— 
September 30, 2024
Debt securities AFS    
Corporate securities$19,750 $— $19,750 $— 
SBA securities81,935 — 81,935 — 
Obligations of states and political subdivisions480 — 480 — 
Non-bank qualified obligations of states and political subdivisions217,990 — 217,990 — 
Asset-backed securities189,698 — 189,698 — 
Mortgage-backed securities1,231,368 — 1,231,368 — 
Total debt securities AFS$1,741,221 $— $1,741,221 $— 
Common equities and mutual funds(1)
$3,303 $3,303 $— $— 
Non-marketable equity securities(2)
$11,828 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2025 and September 30, 2024.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
Loans and Leases. The Company does not record loans and leases at fair value on a recurring basis. However, if a loan or lease is individually evaluated for risk of credit loss and repayment is expected to be solely provided by the values of the underlying collateral, the Company measures fair value on a nonrecurring basis. Fair value is determined by the fair value of the underlying collateral less estimated costs to sell. The fair value of the collateral is determined based on the internal estimates and/or assessment provided by third-party appraisers and the valuation relies on discount rates ranging from 3% to 35%.

The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:

(Dollars in thousands)TotalLevel 1Level 2Level 3
June 30, 2025
Loans and leases, net individually evaluated for credit loss    
Commercial finance$20,401 $— $— $20,401 
    Total loans and leases, net individually evaluated for credit loss20,401 — — 20,401 
Total$20,401 $— $— $20,401 
September 30, 2024
Loans and leases, net individually evaluated for credit loss    
Commercial finance$7,652 $— $— $7,652 
    Total loans and leases, net individually evaluated for credit loss7,652 — — 7,652 
Total$7,652 $— $— $7,652 

 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
June 30, 2025
Fair Value at
September 30, 2024
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$20,401 $7,652 Market approach
Appraised values(1)
3% - 35%
(1) The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimating selling costs and other inputs in a range of 3% to 35%.

Management discloses the estimated fair value of financial instruments, including assets and liabilities on and off the Condensed Consolidated Statements of Financial Condition, for which it is practicable to estimate fair value. These fair value estimates were made at June 30, 2025 and September 30, 2024 based on relevant market information and information about financial instruments. Fair value estimates are intended to represent the price at which an asset could be sold or a liability could be settled. However, since there is no active market for certain financial instruments of the Company, the estimates of fair value are subjective in nature, involve uncertainties, and include matters of significant judgment. Changes in assumptions as well as tax considerations could significantly affect the estimated values. Accordingly, the aggregate fair value estimates are not intended to represent the underlying value of the Company, on either a going concern or a liquidation basis.
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:

 June 30, 2025
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$258,343 $258,343 $258,343 $— $— 
Debt securities available for sale1,367,340 1,367,339 — 1,367,339 — 
Debt securities held to maturity30,273 25,771 — 25,771 — 
Common equities and mutual funds(1)
3,675 3,675 3,675 — — 
Non-marketable equity securities(1)(2)
22,369 22,369 — 9,699 — 
Loans held for sale49,767 49,767 — 49,767 — 
Loans and leases4,745,921 4,704,600 — — 4,704,600 
Federal Reserve Bank and Federal Home Loan Bank stocks29,451 29,451 — 29,451 — 
Accrued interest receivable39,996 39,996 39,996 — — 
Financial liabilities
Deposits6,005,246 6,005,178 6,002,610 2,568 — 
Overnight federal funds purchased115,000 115,000 115,000 — — 
Other short- and long-term borrowings33,431 33,077 — 33,077 — 
Accrued interest payable742 742 742 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2025.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 September 30, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$158,337 $158,337 $158,337 $— $— 
Debt securities available for sale1,741,221 1,741,221 — 1,741,221 — 
Debt securities held to maturity33,092 30,236 — 30,236 — 
Common equities and mutual funds(1)
3,303 3,303 3,303 — — 
Non-marketable equity securities(1)(2)
21,350 21,350 — 9,522 — 
Loans held for sale691,688 691,688 — 691,688 — 
Loans and leases4,071,071 4,036,490 — — 4,036,490 
Federal Reserve Bank and Federal Home Loan Bank stocks36,014 36,014 — 36,014 — 
Accrued interest receivable31,385 31,385 31,385 — — 
Financial liabilities
Deposits5,875,085 5,874,994 5,845,879 29,115 — 
Overnight federal funds purchased377,000 377,000 377,000 — — 
Other short- and long-term borrowings33,354 31,787 — 31,787 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2024.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.25.2
SUBSEQUENT EVENTS
 9 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Management has evaluated subsequent events that occurred after June 30, 2025. During this period, up to the filing date of this Quarterly Report on Form 10-Q, management did not identify any material subsequent events that would require recognition or disclosure in our Condensed Consolidated Financial Statements as of or for the quarter ended June 30, 2025.
v3.25.2
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
 9 Months Ended
Jun. 30, 2025
Accounting Changes and Error Corrections [Abstract]  
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTSThe Company has restated its unaudited historical condensed consolidated financial statements as of June 30, 2024 and for the three and nine months ended June 30, 2024 to correct for identified errors in its accounting for allowance for credit losses, interest income, provision for credit losses, and noninterest expense. In addition, the Company has corrected other unrelated immaterial errors which were previously not recorded or not recorded in the appropriate period. Prior period financial information restated for the three and nine months ended June 30, 2024, was restated in the Form 10-K/A for the fiscal year ended September 30, 2024.
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
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
v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 9 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Adopted ASUs
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2024 remain substantially unchanged.

The following ASU became effective for the Company on October 1, 2024, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosures primarily by enhancing disclosure requirements about significant segment expenses and additional interim disclosure requirements. The amendments will first be applied to the Company's annual financial statements for the year ending September 30, 2025 using a retrospective transition method. This ASU impacts disclosure only, and therefore does not have an impact on our consolidated financial statements.

The following ASUs have been issued and are considered applicable to the Company but have not yet been adopted.

ASU 2023-09, Income Taxes (ASC 740): Improvements to Income Tax Disclosures. This ASU requires enhanced income tax disclosures primarily related to the rate reconciliation and income taxes paid information to provide further transparency surrounding the Company’s income tax position. The amendments in this ASU will be effective for the Company beginning on October 1, 2025. This ASU impacts annual income tax disclosures only. The Company is currently evaluating the impact of such amendments to our Income Tax disclosures.
ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. This ASU requires entities to disclose specified information about certain costs and expenses within relevant expense captions in both annual and interim financial reporting. If costs and expenses do not fall within one of the disaggregated captions, qualitative description is required. The amendments in this ASU will be effective for the Company beginning October 1, 2027. This ASU impacts disclosure only, and therefore will not impact our consolidated financial statements. The Company is currently evaluating the impact of this ASU on required annual and interim disclosures.
v3.25.2
DIVESTITURES (Tables)
 9 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Discontinued Operations The Company has summarized the results of the transaction as follows:
(Dollars in thousands)December 31, 2024Settlement
Adjustments		June 30, 2025
Assets Purchased and Liabilities Assumed
Cash and cash equivalents$4,686 $— $4,686 
Loans594,541 (1,360)593,181 
Premises, furniture, and equipment, net484 — 484 
Total assets purchased$599,711 $(1,360)$598,351 
Deposits$16,760 $— $16,760 
Accrued expenses and other liabilities1,158 120 1,278 
Total liabilities assumed$17,918 $120 $18,038 
Net assets purchased$581,793 $(1,480)$580,313 
Consideration paid at close603,290 8,223 611,513 
Consideration due9,703 (9,703)— 
Purchase price612,993 (1,480)611,513 
Premium on transaction31,200 — 31,200 
Other adjustments:
Goodwill derecognition(11,577)— (11,577)
Intangible derecognition(631)— (631)
Building lease derecognition471 — 471 
Deferred loan origination cost derecognition— (1,360)(1,360)
Transaction costs(3,059)— (3,059)
Total other adjustments(14,796)(1,360)(16,156)
Gain on divestitures$16,404 $(1,360)$15,044 
v3.25.2
SECURITIES (Tables)
 9 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of debt securities available for sale ("AFS") and held to maturity ("HTM") are presented below.

(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
June 30, 2025
Corporate securities$25,000 $— $(3,875)$21,125 
SBA securities11,791 — (1,108)10,683 
Obligations of states and political subdivisions162 — (1)161 
Non-bank qualified obligations of states and political subdivisions218,328 23 (28,806)189,545 
Asset-backed securities142,963 11 (2,782)140,192 
Mortgage-backed securities1,180,069 17 (174,452)1,005,634 
Total debt securities AFS$1,578,313 $51 $(211,024)$1,367,340 
September 30, 2024
Corporate securities$25,000 $— $(5,250)$19,750 
SBA securities86,036 — (4,101)81,935 
Obligations of states and political subdivisions501 — (21)480 
Non-bank qualified obligations of states and political subdivisions246,233 44 (28,287)217,990 
Asset-backed securities192,979 337 (3,618)189,698 
Mortgage-backed securities1,393,549 84 (162,265)1,231,368 
Total debt securities AFS$1,944,298 $465 $(203,542)$1,741,221 
Debt Securities HTM
June 30, 2025
Non-bank qualified obligations of states and political subdivisions$28,314 $— $(4,263)$24,051 
Mortgage-backed securities1,959 — (239)1,720 
Total debt securities HTM$30,273 $— $(4,502)$25,771 
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$31,060 $— $(2,668)$28,392 
Mortgage-backed securities2,032 — (188)1,844 
Total debt securities HTM$33,092 $— $(2,856)$30,236 
Schedule of Unrealized Loss on Investments, AFS
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:

LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
June 30, 2025
Corporate securities$— $— $21,125 $(3,875)$21,125 $(3,875)
SBA securities— — 10,683 (1,108)10,683 (1,108)
Obligations of state and political subdivisions161 (1)— — 161 (1)
Non-bank qualified obligations of states and political subdivisions— — 187,593 (28,806)187,593 (28,806)
Asset-backed securities66,794 (725)68,015 (2,057)134,809 (2,782)
Mortgage-backed securities13,041 (111)990,596 (174,341)1,003,637 (174,452)
Total debt securities AFS$79,996 $(837)$1,278,012 $(210,187)$1,358,008 $(211,024)
September 30, 2024
Corporate securities$— $— $19,750 $(5,250)$19,750 $(5,250)
SBA securities— — 81,935 (4,101)81,935 (4,101)
Obligations of state and political subdivisions— — 280 (21)280 (21)
Non-bank qualified obligations of states and political subdivisions— — 215,956 (28,287)215,956 (28,287)
Asset-backed securities52,101 (176)88,576 (3,442)140,677 (3,618)
Mortgage-backed securities2,377 (15)1,215,781 (162,250)1,218,158 (162,265)
Total debt securities AFS$54,478 $(191)$1,622,278 $(203,351)$1,676,756 $(203,542)
Debt Securities HTM
June 30, 2025
Non-bank qualified obligations of states and political subdivisions$— $— $24,051 $(4,263)$24,051 $(4,263)
Mortgage-backed securities— — 1,720 (239)1,720 (239)
Total debt securities HTM$— $— $25,771 $(4,502)$25,771 $(4,502)
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $28,392 $(2,668)$28,392 $(2,668)
Mortgage-backed securities— — 1,844 (188)1,844 (188)
Total debt securities HTM$— $— $30,236 $(2,856)$30,236 $(2,856)
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features which allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in MBS because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

(Dollars in thousands)June 30, 2025September 30, 2024
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$380 $382 $1,826 $1,796 
Due after one year through five years1,712 1,732 14,772 14,211 
Due after five years through ten years27,883 24,013 70,894 63,636 
Due after ten years368,269 335,580 463,257 430,210 
398,244 361,707 550,749 509,853 
Mortgage-backed securities1,180,069 1,005,633 1,393,549 1,231,368 
Total debt securities AFS$1,578,313 $1,367,340 $1,944,298 $1,741,221 
Debt Securities HTM
Due after ten years$28,314 $24,051 $31,060 $28,392 
28,314 24,051 31,060 28,392 
Mortgage-backed securities1,959 1,720 2,032 1,844 
Total debt securities HTM$30,273 $25,771 $33,092 $30,236 
v3.25.2
LOANS AND LEASES, NET (Tables)
 9 Months Ended
Jun. 30, 2025
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:

(Dollars in thousands)June 30, 2025September 30, 2024
Term lending$2,003,699 $1,554,641 
Asset-based lending610,852 471,897 
Factoring241,024 362,295 
Lease financing134,214 152,174 
SBA/USDA674,902 568,628 
Other commercial finance153,321 185,964 
Commercial finance3,818,012 3,295,599 
Consumer finance226,380 248,800 
Tax services37,419 8,825 
Warehouse finance664,110 517,847 
Total loans and leases4,745,921 4,071,071 
Net deferred loan origination costs (fees)(2,597)4,124 
Total gross loans and leases4,743,324 4,075,195 
Allowance for credit losses(105,995)(71,765)
Total loans and leases, net$4,637,329 $4,003,430 
Schedule of Loans Purchased and Sold by Portfolio Segment
Loans purchased and sold by portfolio segment, including participation interests, were as follows:

Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Loans Purchased
Loans held for investment:
Commercial finance$1,271 $11,000 $20,811 $11,000 
Warehouse finance25,873 55,821 172,984 218,912 
Total purchases$27,144 $66,821 $193,795 $229,912 
Loans Sold
Loans held for sale:
Commercial finance$100,909 $24,173 $349,378 $49,218 
Consumer finance505,779 474,991 1,811,016 1,418,944 
Total sales$606,688 $499,164 $2,160,394 $1,468,162 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)June 30, 2025September 30, 2024
Minimum lease payments receivable$144,134 $162,757 
Unguaranteed residual assets7,284 9,300 
Unamortized initial direct costs72 102 
Unearned income(17,204)(19,883)
Total net investment in direct financing and sales-type leases$134,286 $152,276 
Operating Lease, Lease Income
The components of total lease income were as follows:

Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$2,444 $2,908 $8,431 $8,869 
Leasing and equipment finance noninterest income
Lease income from operating lease payments12,751 13,589 39,130 40,449 
Other(1)
747 1,051 3,193 2,644 
Total leasing and equipment finance noninterest income13,498 14,640 42,323 43,093 
Total lease income$15,942 $17,548 $50,754 $51,962 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$15,714 
202649,550 
202735,162 
202822,288 
202913,579 
Thereafter7,841 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases144,134 
Third-party residual value guarantees— 
Total carrying amount of minimum lease payments for direct financing and sales-type leases$144,134 
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans
Activity in the allowance for credit losses by portfolio segment was as follows:

(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Three Months Ended June 30, 2025
Allowance for credit losses:
Term lending$26,219 $3,514 $(1,333)$976 $29,376 
Asset-based lending2,030 5,844 (539)— 7,335 
Factoring4,934 516 (464)391 5,377 
Lease financing1,243 219 (344)12 1,130 
SBA/USDA4,021 1,427 (421)1 5,028 
Other commercial finance384 (195)— — 189 
Commercial finance38,831 11,325 (3,101)1,380 48,435 
Consumer finance29,635 2,613 (6,381)600 26,467 
Tax services33,781 (4,728)(554)1,930 30,429 
Warehouse finance643 21 — — 664 
Total loans and leases102,890 9,231 (10,036)3,910 105,995 
Unfunded commitments(1)
851 47 — — 898 
Total $103,741 $9,278 $(10,036)$3,910 $106,893 
(As Restated)
Three Months Ended June 30, 2024Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,627 $5,962 $(4,628)$698 $30,659 
Asset-based lending1,215 10 — 9 1,234 
Factoring6,814 1,369 (2,389)18 5,812 
Lease financing1,551 (86)— 29 1,494 
Insurance premium finance1,409 480 (263)26 1,652 
SBA/USDA2,942 358 (456)— 2,844 
Other commercial finance1,720 (321)— — 1,399 
Commercial finance44,278 7,772 (7,736)780 45,094 
Consumer finance35,081 7,145 (10,009)351 32,568 
Tax services31,528 (3,285)(820)1,230 28,653 
Warehouse finance395 55 — — 450 
Total loans and leases111,282 11,687 (18,565)2,361 106,765 
Unfunded commitments(1)
743 240 — — 983 
Total $112,025 $11,927 $(18,565)$2,361 $107,748 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Nine Months Ended June 30, 2025
Allowance for credit losses:
Term lending$30,394 $12,187 $(15,916)$2,711 $29,376 
Asset-based lending1,356 6,690 (711)— 7,335 
Factoring5,757 (421)(634)675 5,377 
Lease financing1,189 1,346 (1,426)21 1,130 
Insurance premium finance— 91 (93)2 — 
SBA/USDA3,273 3,033 (1,327)49 5,028 
Other commercial finance607 (418)— — 189 
Commercial finance42,576 22,508 (20,107)3,458 48,435 
Consumer finance28,669 17,597 (21,362)1,563 26,467 
Tax services2 22,751 (1,295)8,971 30,429 
Warehouse finance518 146 — — 664 
Total loans and leases71,765 63,002 (42,764)13,992 105,995 
Unfunded commitments(1)
695 203 — — 898 
Total $72,460 $63,205 $(42,764)$13,992 $106,893 
(As Restated)
Nine Months Ended June 30, 2024Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$25,686 $18,087 $(14,925)$1,811 $30,659 
Asset-based lending2,738 (1,754)— 250 1,234 
Factoring6,566 1,497 (2,424)173 5,812 
Lease financing3,302 (1,867)(125)184 1,494 
Insurance premium finance2,637 (291)(923)229 1,652 
SBA/USDA2,962 338 (456)— 2,844 
Other commercial finance3,089 (1,690)— — 1,399 
Commercial finance46,980 14,320 (18,853)2,647 45,094 
Consumer finance49,496 11,033 (28,932)971 32,568 
Tax services2 23,292 (1,965)7,324 28,653 
Warehouse finance377 73 — — 450 
Total loans and leases96,855 48,718 (49,750)10,942 106,765 
Unfunded commitments(1)
272 711 — — 983 
Total $97,127 $49,429 $(49,750)$10,942 $107,748 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Impaired Loans and Leases
Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:

(Dollars in thousands)June 30, 2025September 30, 2024
Term lending$33,789 $15,491 
Asset-based lending9,517 — 
Factoring1,108 — 
Lease financing4,079 5,300 
SBA/USDA6,310 1,419 
Commercial finance(1)
54,803 22,210 
Total$54,803 $22,210 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.
The following table provides the average recorded investment in nonaccrual loans and leases:

Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Term lending$30,308 $20,007 $27,012 $18,808 
Asset-based lending6,996 — 2,970 4,896 
Factoring1,350 967 1,004 2,631 
Lease financing4,514 635 3,655 1,299 
SBA/USDA7,005 2,853 4,000 2,223 
Commercial finance50,173 24,462 38,641 29,857 
Total loans and leases$50,173 $24,462 $38,641 $29,857 
Asset Classification by Credit Quality Indicators of Loans and Leases
The amortized cost basis of loans and leases by asset classification and year of origination was as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
June 30, 202520252024202320222021Prior
Term lending
Pass$639,497 $447,978 $307,564 $106,578 $65,242 $43,752 $— $1,610,611 
Watch32,947 49,641 77,918 7,643 17,657 11,035 — 196,841 
Special mention— 56,703 5,349 645 8,978 80 — 71,755 
Substandard1,671 19,994 40,877 20,882 14,293 20,438 — 118,155 
Doubtful— 229 776 3,647 1,572 113 — 6,337 
Total674,115 574,545 432,484 139,395 107,742 75,418 — 2,003,699 
Current period charge-offs— 7,637 4,365 2,704 851 359 — 15,916 
Asset-based lending
Pass— — — — — — 343,417 343,417 
Watch— — — — — — 249,272 249,272 
Special mention— — — — — — 7,641 7,641 
Substandard— — — — — — 5,643 5,643 
Doubtful— — — — — — 4,879 4,879 
Total— — — — — — 610,852 610,852 
Current period charge-offs— — — — — — 711 711 
Factoring
Pass— — — — — — 192,550 192,550 
Watch— — — — — — 43,120 43,120 
Special mention— — — — — — 1,624 1,624 
Substandard— — — — — — 2,387 2,387 
Doubtful— — — — — — 1,343 1,343 
Total— — — — — — 241,024 241,024 
Current period charge-offs— — — — — — 634 634 
Lease financing
Pass25,064 29,883 38,619 6,140 1,741 5,183 — 106,630 
Watch3,967 6,925 781 1,080 1,812 355 — 14,920 
Special mention— — — — 211 — — 211 
Substandard— — 5,545 1,607 4,180 970 — 12,302 
Doubtful— — 150 — 1 — — 151 
Total29,031 36,808 45,095 8,827 7,945 6,508 — 134,214 
Current period charge-offs— — 320 — 1,005 101 — 1,426 
Insurance premium finance
Current period charge-offs— 62 31 — — — — 93 
SBA/USDA
Pass71,249 102,629 171,232 155,222 18,905 39,753 — 558,990 
Watch19,885 6,217 241 9,735 998 3,779 — 40,855 
Special mention63 255 — 2,538 329 2,156 — 5,341 
Substandard612 2,048 17,463 12,553 2,864 32,471 — 68,011 
Doubtful— 884 693 — — 128 — 1,705 
Total91,809 112,033 189,629 180,048 23,096 78,287 — 674,902 
Current period charge-offs— — 171 90 55 1,011 — 1,327 
Other commercial finance
Pass8,385 62,895 2,120 127 12,122 64,771 — 150,420 
Watch— — 2,436 — — — — 2,436 
Substandard— — 465 — — — — 465 
Total8,385 62,895 5,021 127 12,122 64,771 — 153,321 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 664,110 664,110 
Total— — — — — — 664,110 664,110 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass744,195 643,385 519,535 268,067 98,010 153,459 1,200,077 3,626,728 
Watch56,799 62,783 81,376 18,458 20,467 15,169 292,392 547,444 
Special mention63 56,958 5,349 3,183 9,518 2,236 9,265 86,572 
Substandard2,283 22,042 64,350 35,042 21,337 53,879 8,030 206,963 
Doubtful— 1,113 1,619 3,647 1,573 241 6,222 14,415 
Total$803,340 $786,281 $672,229 $328,397 $150,905 $224,984 $1,515,986 $4,482,122 
Current period charge-offs$— $7,699 $4,887 $2,794 $1,911 $1,471 $1,345 $20,107 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Term lending
Pass$548,597 $398,832 $117,180 $77,585 $42,950 $24,166 $— $1,209,310 
Watch47,765 52,317 34,964 31,025 2,720 2,312 — 171,103 
Special mention44,617 3,106 9,121 14,772 7,238 2 — 78,856 
Substandard9,798 24,187 18,537 11,660 18,894 2,631 — 85,707 
Doubtful4,314 1,465 2,247 758 114 767 — 9,665 
Total655,091 479,907 182,049 135,800 71,916 29,878 — 1,554,641 
Current period charge-offs114 3,102 8,502 3,576 2,184 715 — 18,193 
Asset-based lending
Pass— — — — — — 233,268 233,268 
Watch— — — — — — 221,521 221,521 
Special mention— — — — — — 13,187 13,187 
Substandard— — — — — — 3,921 3,921 
Total— — — — — — 471,897 471,897 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 292,436 292,436 
Watch— — — — — — 62,270 62,270 
Special mention— — — — — — 271 271 
Substandard— — — — — — 7,306 7,306 
Doubtful— — — — — — 12 12 
Total— — — — — — 362,295 362,295 
Current period charge-offs— — — — — — 2,453 2,453 
Lease financing
Pass44,883 48,851 12,862 7,101 7,938 1,733 — 123,368 
Watch1,837 3,537 370 6,264 1,362 40 — 13,410 
Special mention— 250 — — 174 — — 424 
Substandard— 6,691 2,723 2,717 2,069 603 — 14,803 
Doubtful— — — 138 31 — — 169 
Total46,720 59,329 15,955 16,220 11,574 2,376 — 152,174 
Current period charge-offs— — — 207 80 — — 287 
Insurance premium finance
Current period charge-offs86 890 173 — — — — 1,149 
SBA/USDA
Pass60,636 171,136 179,490 20,825 28,588 39,319 — 499,994 
Watch5,244 6,967 — 639 10 3,026 — 15,886 
Special mention— — — 156 — 363 — 519 
Substandard1,037 15,923 12,158 2,003 9,519 11,134 — 51,774 
Doubtful— 185 55 55 62 98 — 455 
Total66,917 194,211 191,703 23,678 38,179 53,940 — 568,628 
Current period charge-offs— 549 79 — 127 — — 755 
Other commercial finance
Pass73,330 2,210 6,685 12,351 1,274 70,203 — 166,053 
Watch— 2,480 — — — — — 2,480 
Substandard— 508 — 16,923 — — — 17,431 
Total73,330 5,198 6,685 29,274 1,274 70,203 — 185,964 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 517,847 517,847 
Total— — — — — — 517,847 517,847 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass727,446 621,029 316,217 117,862 80,750 135,421 1,043,551 3,042,276 
Watch54,846 65,301 35,334 37,928 4,092 5,378 283,791 486,670 
Special mention44,617 3,356 9,121 14,928 7,412 365 13,458 93,257 
Substandard10,835 47,309 33,418 33,303 30,482 14,368 11,227 180,942 
Doubtful4,314 1,650 2,302 951 207 865 12 10,301 
Total$842,058 $738,645 $396,392 $204,972 $122,943 $156,397 $1,352,039 $3,813,446 
Current period charge-offs$200 $4,541 $8,754 $3,783 $2,391 $715 $2,453 $22,837 
Past Due Loans and Leases
Past due loans and leases were as follows:

Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
June 30, 2025
Loans held for sale$— $— $— $— $49,767 $49,767 $— $— $— 
Term lending23,236 5,910 23,336 52,482 1,951,217 2,003,699 188 39,217 39,405 
Asset-based lending— — — — 610,852 610,852 — 9,517 9,517 
Factoring— — — — 241,024 241,024 — 1,730 1,730 
Lease financing2,846 1,471 5,160 9,477 124,737 134,214 918 4,286 5,204 
SBA/USDA96 5,900 8,729 14,725 660,177 674,902 2,264 6,774 9,038 
Other commercial finance— — — — 153,321 153,321 — — — 
Commercial finance26,178 13,281 37,225 76,684 3,741,328 3,818,012 3,370 61,524 64,894 
Consumer finance3,376 2,497 6,402 12,275 214,105 226,380 6,402 — 6,402 
Tax services— 37,234 — 37,234 185 37,419 — — — 
Warehouse finance— — — — 664,110 664,110 — — — 
Total loans and leases held for investment29,554 53,012 43,627 126,193 4,619,728 4,745,921 9,772 61,524 71,296 
Total loans and leases$29,554 $53,012 $43,627 $126,193 $4,669,495 $4,795,688 $9,772 $61,524 $71,296 
September 30, 2024
Loans held for sale$2,266 $1,361 $1,050 $4,677 $687,011 $691,688 $1,050 $— $1,050 
Term lending19,776 5,124 17,694 42,594 1,512,047 1,554,641 1,923 23,462 25,385 
Asset-based lending— — — — 471,897 471,897 — — — 
Factoring— — — — 362,295 362,295 — 29 29 
Lease financing3,605 1,595 109 5,309 146,865 152,174 60 746 806 
SBA/USDA— 952 2,172 3,124 565,504 568,628 331 2,175 2,506 
Other commercial finance— — — — 185,964 185,964 — — — 
Commercial finance23,381 7,671 19,975 51,027 3,244,572 3,295,599 2,314 26,412 28,726 
Consumer finance3,962 3,186 3,053 10,201 238,599 248,800 3,053 — 3,053 
Tax services— — 8,733 8,733 92 8,825 8,733 — 8,733 
Warehouse finance— — — — 517,847 517,847 — — — 
Total loans and leases held for investment27,343 10,857 31,761 69,961 4,001,110 4,071,071 14,100 26,412 40,512 
Total loans and leases$29,609 $12,218 $32,811 $74,638 $4,688,121 $4,762,759 $15,150 $26,412 $41,562 
Financing Receivable, Nonaccrual
Nonaccrual loans and leases by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
June 30, 202520252024202320222021Prior
Term lending$— $807 $13,395 $11,286 $13,537 $192 $— $39,217 $19,152 
Asset-based lending— — — — — — 9,517 9,517 — 
Factoring— — — — — — 1,730 1,730 — 
Lease financing— — 150 — 3,480 656 — 4,286 4,079 
SBA/USDA— 3,537 3,082 — 27 128 — 6,774 — 
Commercial finance— 4,344 16,627 11,286 17,044 976 11,247 61,524 23,231 
Total nonaccrual loans and leases$— $4,344 $16,627 $11,286 $17,044 $976 $11,247 $61,524 $23,231 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
September 30, 202420242023202220212020Prior
Term lending$9,281 $3,433 $5,369 $1,386 $625 $3,368 $— $23,462 $2,579 
Factoring— — — — — — 29 29 — 
Lease financing— 577 11 46 2 110 — 746 — 
SBA/USDA— 738 55 55 742 585 — 2,175 681 
Commercial finance9,281 4,748 5,435 1,487 1,369 4,063 29 26,412 3,260 
Total nonaccrual loans and leases$9,281 $4,748 $5,435 $1,487 $1,369 $4,063 $29 $26,412 $3,260 

Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
June 30, 202520252024202320222021Prior
Term lending$— $— $— $187 $— $1 $— $188 
Lease financing— 100 149 669 — — — 918 
SBA/USDA— 2,264 — — — — — 2,264 
Commercial finance— 2,364 149 856 — 1 — 3,370 
Consumer finance4,625 892 763 90 32 — — 6,402 
Total loans and leases held for investment4,625 3,256 912 946 32 1 — 9,772 
Total 90 days or more delinquent and accruing$4,625 $3,256 $912 $946 $32 $1 $— $9,772 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Loans held for sale$1,031 $19 $— $— $— $— $— $1,050 
Term lending— 621 354 719 217 12 — 1,923 
Lease financing— — — 2 58 — — 60 
SBA/USDA— — 331 — — — — 331 
Commercial finance— 621 685 721 275 12 — 2,314 
Consumer finance736 1,841 388 88 — — — 3,053 
Tax services8,733 — — — — — — 8,733 
Total loans and leases held for investment9,469 2,462 1,073 809 275 12 — 14,100 
Total 90 days or more delinquent and accruing$10,500 $2,481 $1,073 $809 $275 $12 $— $15,150 
v3.25.2
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 9 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.

Three Months Ended June 30,Nine Months Ended June 30,
2025202420252024
(Dollars in thousands, except per share data)(As Restated)(As Restated)
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$42,147 $44,869 $147,069 $149,686 
Dividends and undistributed earnings allocated to participating securities(152)(464)(553)(1,312)
Basic net earnings available to common stockholders41,995 44,405 146,516 148,374 
Undistributed earnings allocated to nonvested restricted stockholders148 451 540 1,278 
Reallocation of undistributed earnings to nonvested restricted stockholders(147)(450)(537)(1,277)
Diluted net earnings available to common stockholders$41,996 $44,406 $146,519 $148,375 
Total weighted-average basic common shares outstanding23,006,454 24,946,085 23,629,565 25,335,621 
Effect of dilutive securities(1)
PSUs133,670 33,733 115,521 29,021 
Total effect of dilutive securities133,670 33,733 115,521 29,021 
Total weighted-average diluted common shares outstanding23,140,124 24,979,818 23,745,086 25,364,642 
Net earnings per common share:
Basic earnings per common share$1.83 $1.78 $6.20 $5.86 
Diluted earnings per common share(2)
$1.81 $1.78 $6.17 $5.85 
(1) Represents the effect of the assumed vesting of PSUs and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended June 30, 2025 and 2024, respectively, were 83,151 and 260,415 weighted average share of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the nine months ended June 30, 2025 and 2024, respectively, were 89,175 and 224,035 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.25.2
RENTAL EQUIPMENT, NET (Tables)
 9 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Rental Equipment
Rental equipment consists of the following:

(Dollars in thousands)June 30, 2025September 30, 2024
Computers and IT networking equipment$12,080 $21,308 
Motor vehicles and other145,557 140,920 
Other furniture and equipment34,427 38,755 
Solar panels and equipment124,143 128,296 
Total316,207 329,279 
Accumulated depreciation(135,595)(124,987)
Unamortized initial direct costs758 1,047 
Net book value$181,370 $205,339 
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$10,039 
202635,440 
202726,800 
202818,324 
202912,994 
Thereafter6,488 
Total $110,085 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$866 
20263,391 
20273,306 
20283,397 
20293,436 
Thereafter13,108 
Total undiscounted future minimum lease payments 27,504 
Discount(3,043)
Total operating lease liabilities$24,461 
v3.25.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of the Company's goodwill were as follows:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
September 30, 2024$87,145 $222,360 $— $309,505 
Divestiture— (11,577)— (11,577)
June 30, 2025$87,145 $210,783 $— $297,928 
September 30, 2023$87,145 $222,360 $— $309,505 
June 30, 2024$87,145 $222,360 $— $309,505 
Schedule of Finite-Lived Intangible Assets
The changes in the carrying amount of the Company’s intangible assets during the nine months ended June 30, 2025 include certain intangibles disposed of as part of the commercial insurance premium finance business sale. The relevant intangibles were included in the carrying amount of the disposed business. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

(Dollars in thousands)
Trademark(1)
Non-Compete
Customer Relationships(2)
All Others(3)
Total
September 30, 2024$6,422 $— $6,566 $3,601 $16,589 
Amortization during the period(806)— (1,462)(425)(2,693)
Write-offs and disposals during the period— — (631)— (631)
June 30, 2025$5,616 $— $4,473 $3,176 $13,265 
Gross carrying amount$13,774 $301 $70,338 $7,732 $92,145 
Accumulated amortization(8,158)(301)(54,947)(4,403)(67,809)
Accumulated impairment— — (10,918)(153)(11,071)
June 30, 2025$5,616 $— $4,473 $3,176 $13,265 
September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(790)— (2,018)(399)(3,207)
June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
Gross carrying amount$13,774 $301 $77,578 $7,732 $99,385 
Accumulated amortization(7,087)(301)(59,568)(3,845)(70,801)
Accumulated impairment— — (10,918)(153)(11,071)
June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 10-30 years. Amortized using the accelerated method.
(3) Book amortization period of 3-20 years. Amortized using the straight line method.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense of intangible assets in the remaining three months of fiscal 2025 and subsequent fiscal years at June 30, 2025 was as follows:
(Dollars in thousands)
Remaining in 2025$764 
20263,103 
20272,483 
20282,194 
20291,581 
Thereafter3,140 
Total anticipated intangible amortization$13,265 
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$10,039 
202635,440 
202726,800 
202818,324 
202912,994 
Thereafter6,488 
Total $110,085 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$866 
20263,391 
20273,306 
20283,397 
20293,436 
Thereafter13,108 
Total undiscounted future minimum lease payments 27,504 
Discount(3,043)
Total operating lease liabilities$24,461 
Weighted-Average Discount Rate and Remaining Lease Term for Operating Leases
The weighted-average discount rate and remaining lease term for operating leases were as follows:

June 30, 2025September 30, 2024
Weighted-average discount rate2.67 %2.45 %
Weighted-average remaining lease term (years)8.228.78

The components of total lease costs for operating leases were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2025202420252024
Lease expense$987 $990 $2,904 $3,007 
Short-term and variable lease cost18 21 62 44 
Sublease income(350)(314)(1,053)(953)
Total lease cost for operating leases$655 $697 $1,913 $2,098 
v3.25.2
STOCK COMPENSATION (Tables)
 9 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
The following tables show the activity of share awards (including shares of restricted stock subject to vesting, fully-vested restricted stock, and PSUs) granted, exercised or forfeited under all of the Company's incentive plans during the nine months ended June 30, 2025.

Number of SharesWeighted Average Fair Value at Grant
Restricted Stock Awards
Nonvested shares outstanding, September 30, 2024248,670 $41.19 
Granted15,600 77.42 
Vested(179,669)41.24 
Forfeited or expired(2,606)47.94 
Nonvested shares outstanding, June 30, 202581,995 $47.77 
Restricted Stock Units
Nonvested shares outstanding, September 30, 2024— $— 
Granted88,310 79.47 
Vested— — 
Forfeited or expired(3,939)79.35 
Nonvested shares outstanding, June 30, 202584,371 $79.48 
Number of UnitsWeighted Average Fair Value at Grant
PSUs
PSUs outstanding, September 30, 2024142,462 $47.24 
Granted34,208 79.47 
Vested(34,304)57.21 
Forfeited or expired— — 
PSUs outstanding, June 30, 2025142,366 $52.59 
v3.25.2
INCOME TAXES (Tables)
 9 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below compares the income tax expense components for the periods presented.

Nine Months Ended June 30,
20252024
(Dollars in thousands)(As Restated)
Provision at statutory rate$36,547 $37,887 
Tax-exempt income(480)(522)
State income taxes6,562 7,300 
Interim period effective rate adjustment(9,971)(846)
Tax credit investments, net - federal(3,913)(12,556)
Research tax credit(752)(602)
IRC 162(m) nondeductible compensation1,061 826 
Other, net(2,088)(761)
Income tax expense$26,966 $30,726 
Effective tax rate15.44%16.96 %
v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 9 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended June 30,20252024202520242025202420252024
Net interest income(1)
$67,949 $69,328 $51,241 $52,932 $3,123 $490 $122,313 $122,750 
Noninterest income:
Refund transfer product fees9,846 9,111 — — — — 9,846 9,111 
Refund advance and other tax fee income(1)
307 (67)— — — — 307 (67)
Card and deposit fees37,171 33,151 165 250 6 7 37,342 33,408 
Rental income(1)
— — 12,681 13,615 232 164 12,913 13,779 
Secondary market revenue(1)
41 20 7,103 1,701 — — 7,144 1,721 
Gain on sale of other(1)
— — 330 563 64 2,391 394 2,954 
Other income(1)
2,383 2,020 2,023 1,922 1,090 1,023 5,496 4,965 
Total noninterest income49,748 44,235 22,302 18,051 1,392 3,585 73,442 65,871 
Revenue$117,697 $113,563 $73,543 $70,983 $4,515 $4,075 $195,755 $188,621 
Nine Months Ended June 30,
Net interest income(1)
$224,644 $205,530 $136,521 $142,631 $22,677 $22,150 $383,842 $370,311 
Noninterest income:
Refund transfer product fees42,919 38,475 — — — — 42,919 38,475 
Refund advance and other tax fee income(1)
49,416 43,244 — — — — 49,416 43,244 
Card and deposit fees96,582 98,755 599 727 20 20 97,201 99,502 
Rental income(1)
— — 39,180 40,444 642 514 39,822 40,958 
(Loss) on sale of securities(1)
— — — — (22,899)— (22,899)— 
Gain on divestitures(1)
— — — — 15,044 — 15,044 — 
Secondary market revenue(1)
56 5 13,515 3,086 13,329 — 26,900 3,091 
Gain on sale of other(1)
— — 1,487 1,147 520 4,972 2,007 6,119 
Other income(1)
8,403 6,230 6,878 6,395 3,653 3,563 18,934 16,188 
Total noninterest income197,376 186,709 61,659 51,799 10,309 9,069 269,344 247,577 
Revenue$422,020 $392,239 $198,180 $194,430 $32,986 $31,219 $653,186 $617,888 
(1) These revenues are not within the scope of Topic 606. Additional details are included in other footnotes to the accompanying financial statements. The scope of Topic 606 explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, and securities.
v3.25.2
SEGMENT REPORTING (Tables)
 9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information of Entity
The following table presents segment data for the Company:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended June 30,20252024202520242025202420252024
Net interest income$67,949 $69,328 $51,241 $52,932 $3,123 $490 $122,313 $122,750 
Provision for credit loss(2,114)3,859 11,371 8,013 21 55 9,278 11,927 
Noninterest income49,748 44,235 22,302 18,051 1,392 3,585 73,442 65,871 
Noninterest expense56,962 50,964 32,237 33,227 50,123 41,319 139,322 125,510 
Income (loss) before income tax expense62,849 58,740 29,935 29,743 (45,629)(37,299)47,155 51,184 
Total assets419,654 423,116 4,257,971 4,324,946 2,552,219 2,764,968 7,229,844 7,513,030 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,823,684 6,190,419 87 13,592 181,475 227,505 6,005,246 6,431,516 
Nine Months Ended June 30,
Net interest income$224,644 $205,530 $136,521 $142,631 $22,677 $22,150 $383,842 $370,311 
Provision for credit loss40,349 34,325 22,710 15,031 146 73 63,205 49,429 
Noninterest income197,376 186,709 61,659 51,799 10,309 9,069 269,344 247,577 
Noninterest expense177,290 162,543 98,603 106,213 139,403 118,573 415,296 387,329 
Income (loss) before income tax expense204,381 195,371 76,867 73,186 (106,563)(87,427)174,685 181,130 
Total assets419,654 423,116 4,257,971 4,324,946 2,552,219 2,764,968 7,229,844 7,513,030 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,823,684 6,190,419 87 13,592 181,475 227,505 6,005,246 6,431,516 
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Securities Available for Sale and Held to Maturity
The following table summarizes the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.

(Dollars in thousands)TotalLevel 1Level 2Level 3
June 30, 2025
Debt securities AFS    
Corporate securities$21,125 $— $21,125 $— 
SBA securities10,683 — 10,683 — 
Obligations of states and political subdivisions161 — 161 — 
Non-bank qualified obligations of states and political subdivisions189,545 — 189,545 — 
Asset-backed securities140,192 — 140,192 — 
Mortgage-backed securities1,005,634 — 1,005,634 — 
Total debt securities AFS$1,367,340 $— $1,367,340 $— 
Common equities and mutual funds(1)
$3,675 $3,675 $— $— 
Non-marketable equity securities(2)
$12,669 $— $— $— 
September 30, 2024
Debt securities AFS    
Corporate securities$19,750 $— $19,750 $— 
SBA securities81,935 — 81,935 — 
Obligations of states and political subdivisions480 — 480 — 
Non-bank qualified obligations of states and political subdivisions217,990 — 217,990 — 
Asset-backed securities189,698 — 189,698 — 
Mortgage-backed securities1,231,368 — 1,231,368 — 
Total debt securities AFS$1,741,221 $— $1,741,221 $— 
Common equities and mutual funds(1)
$3,303 $3,303 $— $— 
Non-marketable equity securities(2)
$11,828 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2025 and September 30, 2024.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
Assets Measured at Fair Value on Nonrecurring Basis
The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:

(Dollars in thousands)TotalLevel 1Level 2Level 3
June 30, 2025
Loans and leases, net individually evaluated for credit loss    
Commercial finance$20,401 $— $— $20,401 
    Total loans and leases, net individually evaluated for credit loss20,401 — — 20,401 
Total$20,401 $— $— $20,401 
September 30, 2024
Loans and leases, net individually evaluated for credit loss    
Commercial finance$7,652 $— $— $7,652 
    Total loans and leases, net individually evaluated for credit loss7,652 — — 7,652 
Total$7,652 $— $— $7,652 
Quantitative Information about Level 3 Fair Value Measurements
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
June 30, 2025
Fair Value at
September 30, 2024
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$20,401 $7,652 Market approach
Appraised values(1)
3% - 35%
(1) The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimating selling costs and other inputs in a range of 3% to 35%.
Carrying Amount and Estimated Fair Value of Financial Instruments
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:

 June 30, 2025
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$258,343 $258,343 $258,343 $— $— 
Debt securities available for sale1,367,340 1,367,339 — 1,367,339 — 
Debt securities held to maturity30,273 25,771 — 25,771 — 
Common equities and mutual funds(1)
3,675 3,675 3,675 — — 
Non-marketable equity securities(1)(2)
22,369 22,369 — 9,699 — 
Loans held for sale49,767 49,767 — 49,767 — 
Loans and leases4,745,921 4,704,600 — — 4,704,600 
Federal Reserve Bank and Federal Home Loan Bank stocks29,451 29,451 — 29,451 — 
Accrued interest receivable39,996 39,996 39,996 — — 
Financial liabilities
Deposits6,005,246 6,005,178 6,002,610 2,568 — 
Overnight federal funds purchased115,000 115,000 115,000 — — 
Other short- and long-term borrowings33,431 33,077 — 33,077 — 
Accrued interest payable742 742 742 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2025.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 September 30, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$158,337 $158,337 $158,337 $— $— 
Debt securities available for sale1,741,221 1,741,221 — 1,741,221 — 
Debt securities held to maturity33,092 30,236 — 30,236 — 
Common equities and mutual funds(1)
3,303 3,303 3,303 — — 
Non-marketable equity securities(1)(2)
21,350 21,350 — 9,522 — 
Loans held for sale691,688 691,688 — 691,688 — 
Loans and leases4,071,071 4,036,490 — — 4,036,490 
Federal Reserve Bank and Federal Home Loan Bank stocks36,014 36,014 — 36,014 — 
Accrued interest receivable31,385 31,385 31,385 — — 
Financial liabilities
Deposits5,875,085 5,874,994 5,845,879 29,115 — 
Overnight federal funds purchased377,000 377,000 377,000 — — 
Other short- and long-term borrowings33,354 31,787 — 31,787 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2024.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.25.2
DIVESTITURES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Oct. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Gain (loss) on divestitures     $ 0 $ 0 $ 15,044 $ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Premium on transaction   $ 31,200 31,200   31,200  
Gain (loss) on divestitures $ 15,044 $ 15,000        
Decrease deferred loan origination cost derecognition     $ (1,400)   $ (1,400)  
v3.25.2
DIVESTITURES - Schedule of Discontinued Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Oct. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]                
Building lease derecognition             $ (15,044) $ 0
Gain (loss) on divestitures       $ 0 $ 0   15,044 $ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business                
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]                
Cash and cash equivalents       4,686   $ 4,686 4,686  
Loans       593,181   593,181 593,181  
Premises, furniture, and equipment, net       484   484 484  
Total assets purchased       598,351   598,351 598,351  
Deposits       16,760   16,760 16,760  
Accrued expenses and other liabilities       1,278   1,278 1,278  
Total liabilities assumed       18,038   18,038 18,038  
Net assets purchased       580,313   580,313 580,313  
Consideration paid at close       611,513   611,513 611,513  
Consideration due       0   0 0  
Purchase price       611,513   611,513 611,513  
Premium on transaction     $ 31,200 31,200   31,200 31,200  
Goodwill derecognition $ (11,577)              
Intangible derecognition (631)              
Building lease derecognition 471              
Deferred loan origination cost derecognition (1,360)              
Transaction costs (3,059)              
Total other adjustments (16,156)              
Gain (loss) on divestitures $ 15,044   $ 15,000          
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business | Disposal Group, Previously Reported                
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]                
Cash and cash equivalents   $ 4,686            
Loans   594,541            
Premises, furniture, and equipment, net   484            
Total assets purchased   599,711            
Deposits   16,760            
Accrued expenses and other liabilities   1,158            
Total liabilities assumed   17,918            
Net assets purchased   581,793            
Consideration paid at close   603,290            
Consideration due   9,703            
Purchase price   612,993            
Premium on transaction   31,200            
Goodwill derecognition   (11,577)            
Intangible derecognition   (631)            
Building lease derecognition   471            
Deferred loan origination cost derecognition   0            
Transaction costs   (3,059)            
Total other adjustments   (14,796)            
Gain (loss) on divestitures   $ 16,404            
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business | Settlement Adjustments                
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]                
Cash and cash equivalents       0   0 0  
Loans       (1,360)   (1,360) (1,360)  
Premises, furniture, and equipment, net       0   0 0  
Total assets purchased       (1,360)   (1,360) (1,360)  
Deposits       0   0 0  
Accrued expenses and other liabilities       120   120 120  
Total liabilities assumed       120   120 120  
Net assets purchased       (1,480)   (1,480) (1,480)  
Consideration paid at close       8,223   8,223 8,223  
Consideration due       (9,703)   (9,703) (9,703)  
Purchase price       (1,480)   (1,480) (1,480)  
Premium on transaction       $ 0   0 $ 0  
Goodwill derecognition           0    
Intangible derecognition           0    
Building lease derecognition           0    
Deferred loan origination cost derecognition           (1,360)    
Transaction costs           0    
Total other adjustments           (1,360)    
Gain (loss) on divestitures           $ (1,360)    
v3.25.2
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 1,578,313 $ 1,944,298
Fair Value 1,367,340 1,741,221
Amortized Cost    
Due in one year or less 380 1,826
Due after one year through five years 1,712 14,772
Due after five years through ten years 27,883 70,894
Due after ten years 368,269 463,257
Total 398,244 550,749
Mortgage-backed securities 1,180,069 1,393,549
Fair Value    
Due in one year or less 382 1,796
Due after one year through five years 1,732 14,211
Due after five years through ten years 24,013 63,636
Due after ten years 335,580 430,210
Total 361,707 509,853
Mortgage-backed securities 1,005,633 1,231,368
Corporate securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 25,000 25,000
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (3,875) (5,250)
Fair Value 21,125 19,750
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 21,125 19,750
OVER 12 MONTHS, Gross Unrealized (Losses) (3,875) (5,250)
TOTAL, Fair Value 21,125 19,750
TOTAL, Gross Unrealized (Losses) (3,875) (5,250)
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 11,791 86,036
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (1,108) (4,101)
Fair Value 10,683 81,935
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 10,683 81,935
OVER 12 MONTHS, Gross Unrealized (Losses) (1,108) (4,101)
TOTAL, Fair Value 10,683 81,935
TOTAL, Gross Unrealized (Losses) (1,108) (4,101)
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 162 501
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (1) (21)
Fair Value 161 480
LESS THAN 12 MONTHS, Fair Value 161 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1) 0
OVER 12 MONTHS, Fair Value 0 280
OVER 12 MONTHS, Gross Unrealized (Losses) 0 (21)
TOTAL, Fair Value 161 280
TOTAL, Gross Unrealized (Losses) (1) (21)
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 218,328 246,233
Gross Unrealized Gains 23 44
Gross Unrealized (Losses) (28,806) (28,287)
Fair Value 189,545 217,990
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 187,593 215,956
OVER 12 MONTHS, Gross Unrealized (Losses) (28,806) (28,287)
TOTAL, Fair Value 187,593 215,956
TOTAL, Gross Unrealized (Losses) (28,806) (28,287)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 142,963 192,979
Gross Unrealized Gains 11 337
Gross Unrealized (Losses) (2,782) (3,618)
Fair Value 140,192 189,698
LESS THAN 12 MONTHS, Fair Value 66,794 52,101
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (725) (176)
OVER 12 MONTHS, Fair Value 68,015 88,576
OVER 12 MONTHS, Gross Unrealized (Losses) (2,057) (3,442)
TOTAL, Fair Value 134,809 140,677
TOTAL, Gross Unrealized (Losses) (2,782) (3,618)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,180,069 1,393,549
Gross Unrealized Gains 17 84
Gross Unrealized (Losses) (174,452) (162,265)
Fair Value 1,005,634 1,231,368
LESS THAN 12 MONTHS, Fair Value 13,041 2,377
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (111) (15)
OVER 12 MONTHS, Fair Value 990,596 1,215,781
OVER 12 MONTHS, Gross Unrealized (Losses) (174,341) (162,250)
TOTAL, Fair Value 1,003,637 1,218,158
TOTAL, Gross Unrealized (Losses) (174,452) (162,265)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,578,313 1,944,298
Gross Unrealized Gains 51 465
Gross Unrealized (Losses) (211,024) (203,542)
Fair Value 1,367,340 1,741,221
LESS THAN 12 MONTHS, Fair Value 79,996 54,478
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (837) (191)
OVER 12 MONTHS, Fair Value 1,278,012 1,622,278
OVER 12 MONTHS, Gross Unrealized (Losses) (210,187) (203,351)
TOTAL, Fair Value 1,358,008 1,676,756
TOTAL, Gross Unrealized (Losses) $ (211,024) $ (203,542)
v3.25.2
SECURITIES - Narrative (Details)
$ in Thousands
 9 Months Ended
Jun. 30, 2025
USD ($)
security
Jun. 30, 2024
USD ($)
Sep. 30, 2024
USD ($)
Debt Securities, Available-for-sale [Line Items]      
Proceeds from sales of securities available for sale $ 217,883 $ 0  
AFS number of securities in an unrealized loss position (in securities) | security 153    
Federal reserve bank stock $ 19,700   $ 19,700
Federal home loan bank stock 9,800   16,300
Marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 3,700   3,300
Unrealized gain (loss) (100) (200)  
Non-marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 12,700   11,800
Unrealized gain (loss) 1,100 $ 600  
Equity securities without readily determinable fair value, amount 14,700   $ 13,600
Realized gain on equity securities $ 400    
Number of equity securities sold | security 0    
v3.25.2
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost $ 30,273 $ 33,092
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (4,502) (2,856)
Fair Value 25,771 30,236
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 25,771 30,236
OVER 12 MONTHS, Gross Unrealized (Losses) (4,502) (2,856)
TOTAL, Fair Value 25,771 30,236
TOTAL, Gross Unrealized (Losses) (4,502) (2,856)
Amortized Cost    
Due after ten years 28,314 31,060
Total 28,314 31,060
Mortgage-backed securities 1,959 2,032
Fair Value    
Due after ten years 24,051 28,392
Total 24,051 28,392
Mortgage-backed securities 1,720 1,844
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 28,314 31,060
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (4,263) (2,668)
Fair Value 24,051 28,392
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 24,051 28,392
OVER 12 MONTHS, Gross Unrealized (Losses) (4,263) (2,668)
TOTAL, Fair Value 24,051 28,392
TOTAL, Gross Unrealized (Losses) (4,263) (2,668)
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 1,959 2,032
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (239) (188)
Fair Value 1,720 1,844
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 1,720 1,844
OVER 12 MONTHS, Gross Unrealized (Losses) (239) (188)
TOTAL, Fair Value 1,720 1,844
TOTAL, Gross Unrealized (Losses) $ (239) $ (188)
v3.25.2
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases $ 4,745,921   $ 4,071,071      
Net deferred loan origination costs (fees) (2,597)   4,124      
Total gross loans and leases 4,743,324   4,075,195      
Allowance for credit losses (105,995)   (71,765)      
Total loans and leases, net 4,637,329   4,003,430      
National Lending | Term lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 2,003,699   1,554,641      
Allowance for credit losses (29,376) $ (26,219) (30,394) $ (30,659) $ (28,627) $ (25,686)
National Lending | Asset-based lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 610,852   471,897      
Allowance for credit losses (7,335) (2,030) (1,356) (1,234) (1,215) (2,738)
National Lending | Factoring            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 241,024   362,295      
Allowance for credit losses (5,377) (4,934) (5,757) (5,812) (6,814) (6,566)
National Lending | Lease financing            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 134,214   152,174      
Allowance for credit losses (1,130) (1,243) (1,189) (1,494) (1,551) (3,302)
National Lending | SBA/USDA            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 674,902   568,628      
Allowance for credit losses (5,028) (4,021) (3,273) (2,844) (2,942) (2,962)
National Lending | Other commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 153,321   185,964      
Allowance for credit losses (189) (384) (607) (1,399) (1,720) (3,089)
National Lending | Commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 3,818,012   3,295,599      
Allowance for credit losses (48,435) (38,831) (42,576) (45,094) (44,278) (46,980)
National Lending | Consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 226,380   248,800      
Allowance for credit losses (26,467) (29,635) (28,669) (32,568) (35,081) (49,496)
National Lending | Tax services            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 37,419   8,825      
Allowance for credit losses (30,429) (33,781) (2) (28,653) (31,528) (2)
National Lending | Warehouse finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 664,110   517,847      
Allowance for credit losses $ (664) $ (643) $ (518) $ (450) $ (395) $ (377)
v3.25.2
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Originated loans held for sale     $ 1,925,438,000 $ 1,426,973,000  
Transaction costs     2,160,000,000 1,470,000,000  
Secondary market revenue     26,900,000 3,100,000  
Loans and leases $ 4,743,324,000   4,743,324,000   $ 4,075,195,000
Pass          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 3,626,728,000   3,626,728,000   3,042,276,000
Pass | Asset Pledged as Collateral          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 111,000,000   111,000,000   105,100,000
Consumer finance portfolio segment          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 226,400,000   226,400,000   248,800,000
Tax services loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 37,400,000   37,400,000   $ 8,800,000
National Lending | Commercial Finance and Consumer Finance          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Originated loans held for sale     1,930,000,000 1,430,000,000  
National Lending | Commercial finance          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
TDRs subsequent default, recorded investment     7,200,000 1,500,000  
National Lending | Commercial finance | Term Extensions and Reduced Payments          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
TDRs subsequent default, recorded investment $ 0 $ 6,100,000 $ 9,100,000 $ 7,600,000  
v3.25.2
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment $ 27,144 $ 66,821 $ 193,795 $ 229,912
Loans Sold, Loans held for sale     2,014,236 1,468,162
Loans Sold, Total sales 606,688 499,164 2,160,394 1,468,162
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 1,271 11,000 20,811 11,000
Loans Sold, Loans held for sale 100,909 24,173 349,378 49,218
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 25,873 55,821 172,984 218,912
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Sold, Loans held for sale $ 505,779 $ 474,991 $ 1,811,016 $ 1,418,944
v3.25.2
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Net Investment in Lease [Abstract]          
Minimum lease payments receivable $ 144,134   $ 144,134   $ 162,757
Unguaranteed residual assets 7,284   7,284   9,300
Unamortized initial direct costs 72   72   102
Unearned income (17,204)   (17,204)   (19,883)
Total net investment in direct financing and sales-type leases 134,286   134,286   $ 152,276
Interest income - loans and leases          
Interest income on net investments in direct financing and sales-type leases 2,444 $ 2,908 8,431 $ 8,869  
Lease income from operating lease payments 12,751 13,589 39,130 40,449  
Other 747 1,051 3,193 2,644  
Total leasing and equipment finance noninterest income 13,498 14,640 42,323 43,093  
Total lease income 15,942 $ 17,548 50,754 $ 51,962  
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]          
Remaining in 2025 15,714   15,714    
2026 49,550   49,550    
2027 35,162   35,162    
2028 22,288   22,288    
2029 13,579   13,579    
Thereafter 7,841   7,841    
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 144,134   144,134    
Third-party residual value guarantees 0   0    
Total carrying amount of minimum lease payments for direct financing and sales-type leases $ 144,134   $ 144,134    
v3.25.2
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Allowance for Credit Losses [Roll Forward]          
Beginning Balance     $ 71,765    
Provision (Reversal) $ 9,278 $ 11,927 63,205 $ 49,429  
Ending Balance 105,995   105,995   $ 71,765
Total Committed Loans          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 102,890 111,282 71,765 96,855 96,855
Provision (Reversal) 9,231 11,687 63,002 48,718  
Charge-offs (10,036) (18,565) (42,764) (49,750)  
Recoveries 3,910 2,361 13,992 10,942  
Ending Balance 105,995 106,765 105,995 106,765 71,765
Unfunded commitments          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 851 743 695 272 272
Provision (Reversal) 47 240 203 711  
Charge-offs 0 0 0 0  
Recoveries 0 0 0 0  
Ending Balance 898 983 898 983 695
Total Loans          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 103,741 112,025 72,460 97,127 97,127
Provision (Reversal) 9,278 11,927 63,205 49,429  
Charge-offs (10,036) (18,565) (42,764) (49,750)  
Recoveries 3,910 2,361 13,992 10,942  
Ending Balance 106,893 107,748 106,893 107,748 72,460
National Lending | Term lending          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 26,219 28,627 30,394 25,686 25,686
Provision (Reversal) 3,514 5,962 12,187 18,087  
Charge-offs (1,333) (4,628) (15,916) (14,925)  
Recoveries 976 698 2,711 1,811  
Ending Balance 29,376 30,659 29,376 30,659 30,394
National Lending | Asset-based lending          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 2,030 1,215 1,356 2,738 2,738
Provision (Reversal) 5,844 10 6,690 (1,754)  
Charge-offs (539) 0 (711) 0  
Recoveries 0 9 0 250  
Ending Balance 7,335 1,234 7,335 1,234 1,356
National Lending | Factoring          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 4,934 6,814 5,757 6,566 6,566
Provision (Reversal) 516 1,369 (421) 1,497  
Charge-offs (464) (2,389) (634) (2,424)  
Recoveries 391 18 675 173  
Ending Balance 5,377 5,812 5,377 5,812 5,757
National Lending | Lease financing          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 1,243 1,551 1,189 3,302 3,302
Provision (Reversal) 219 (86) 1,346 (1,867)  
Charge-offs (344) 0 (1,426) (125)  
Recoveries 12 29 21 184  
Ending Balance 1,130 1,494 1,130 1,494 1,189
National Lending | SBA/USDA          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 4,021 2,942 3,273 2,962 2,962
Provision (Reversal) 1,427 358 3,033 338  
Charge-offs (421) (456) (1,327) (456)  
Recoveries 1 0 49 0  
Ending Balance 5,028 2,844 5,028 2,844 3,273
National Lending | Other commercial finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 384 1,720 607 3,089 3,089
Provision (Reversal) (195) (321) (418) (1,690)  
Charge-offs 0 0 0 0  
Recoveries 0 0 0 0  
Ending Balance 189 1,399 189 1,399 607
National Lending | Commercial finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 38,831 44,278 42,576 46,980 46,980
Provision (Reversal) 11,325 7,772 22,508 14,320  
Charge-offs (3,101) (7,736) (20,107) (18,853)  
Recoveries 1,380 780 3,458 2,647  
Ending Balance 48,435 45,094 48,435 45,094 42,576
National Lending | Consumer finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 29,635 35,081 28,669 49,496 49,496
Provision (Reversal) 2,613 7,145 17,597 11,033  
Charge-offs (6,381) (10,009) (21,362) (28,932)  
Recoveries 600 351 1,563 971  
Ending Balance 26,467 32,568 26,467 32,568 28,669
National Lending | Tax services          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 33,781 31,528 2 2 2
Provision (Reversal) (4,728) (3,285) 22,751 23,292  
Charge-offs (554) (820) (1,295) (1,965)  
Recoveries 1,930 1,230 8,971 7,324  
Ending Balance 30,429 28,653 30,429 28,653 2
National Lending | Warehouse finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 643 395 518 377 377
Provision (Reversal) 21 55 146 73  
Charge-offs 0 0 0 0  
Recoveries 0 0 0 0  
Ending Balance 664 450 664 450 518
National Lending | Insurance premium finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance   1,409 0 2,637 2,637
Provision (Reversal)   480 91 (291)  
Charge-offs   (263) (93) (923)  
Recoveries   26 2 229  
Ending Balance $ 0 $ 1,652 $ 0 $ 1,652 $ 0
v3.25.2
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance $ 54,803   $ 54,803   $ 22,210
Average recorded investment 50,173 $ 24,462 38,641 $ 29,857  
National Lending | Term lending          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 33,789   33,789   15,491
Average recorded investment 30,308 20,007 27,012 18,808  
National Lending | Asset-based lending          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 9,517   9,517   0
Average recorded investment 6,996 0 2,970 4,896  
National Lending | Factoring          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 1,108   1,108   0
Average recorded investment 1,350 967 1,004 2,631  
National Lending | Lease financing          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 4,079   4,079   5,300
Average recorded investment 4,514 635 3,655 1,299  
National Lending | SBA/USDA          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 6,310   6,310   1,419
Average recorded investment 7,005 2,853 4,000 2,223  
National Lending | Commercial finance          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 54,803   54,803   $ 22,210
Average recorded investment $ 50,173 $ 24,462 $ 38,641 $ 29,857  
v3.25.2
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Financing Receivable, Credit Quality Indicator [Line Items]          
Total gross loans and leases $ 4,743,324   $ 4,743,324   $ 4,075,195
Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 744,195   744,195   727,446
2024 643,385   643,385   621,029
2023 519,535   519,535   316,217
2022 268,067   268,067   117,862
2021 98,010   98,010   80,750
Prior 153,459   153,459   135,421
Revolving Loans and Leases 1,200,077   1,200,077   1,043,551
Total gross loans and leases 3,626,728   3,626,728   3,042,276
Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 56,799   56,799   54,846
2024 62,783   62,783   65,301
2023 81,376   81,376   35,334
2022 18,458   18,458   37,928
2021 20,467   20,467   4,092
Prior 15,169   15,169   5,378
Revolving Loans and Leases 292,392   292,392   283,791
Total gross loans and leases 547,444   547,444   486,670
Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 63   63   44,617
2024 56,958   56,958   3,356
2023 5,349   5,349   9,121
2022 3,183   3,183   14,928
2021 9,518   9,518   7,412
Prior 2,236   2,236   365
Revolving Loans and Leases 9,265   9,265   13,458
Total gross loans and leases 86,572   86,572   93,257
Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 2,283   2,283   10,835
2024 22,042   22,042   47,309
2023 64,350   64,350   33,418
2022 35,042   35,042   33,303
2021 21,337   21,337   30,482
Prior 53,879   53,879   14,368
Revolving Loans and Leases 8,030   8,030   11,227
Total gross loans and leases 206,963   206,963   180,942
Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   4,314
2024 1,113   1,113   1,650
2023 1,619   1,619   2,302
2022 3,647   3,647   951
2021 1,573   1,573   207
Prior 241   241   865
Revolving Loans and Leases 6,222   6,222   12
Total gross loans and leases 14,415   14,415   10,301
Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 803,340   803,340   842,058
2024 786,281   786,281   738,645
2023 672,229   672,229   396,392
2022 328,397   328,397   204,972
2021 150,905   150,905   122,943
Prior 224,984   224,984   156,397
Revolving Loans and Leases 1,515,986   1,515,986   1,352,039
Total gross loans and leases 4,482,122   4,482,122   3,813,446
National Lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025, Writeoffs     0   200
2024, Writeoffs     7,699   4,541
2023, Writeoffs     4,887   8,754
2022, Writeoffs     2,794   3,783
2021, Writeoffs     1,911   2,391
Prior, Writeoffs     1,471   715
Revolving Loans and Leases, Writeoffs     1,345   2,453
Total, Writeoffs     20,107   22,837
National Lending | Term lending          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 1,333 $ 4,628 15,916 $ 14,925  
National Lending | Term lending | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 639,497   639,497   548,597
2024 447,978   447,978   398,832
2023 307,564   307,564   117,180
2022 106,578   106,578   77,585
2021 65,242   65,242   42,950
Prior 43,752   43,752   24,166
Revolving Loans and Leases 0   0   0
Total gross loans and leases 1,610,611   1,610,611   1,209,310
National Lending | Term lending | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 32,947   32,947   47,765
2024 49,641   49,641   52,317
2023 77,918   77,918   34,964
2022 7,643   7,643   31,025
2021 17,657   17,657   2,720
Prior 11,035   11,035   2,312
Revolving Loans and Leases 0   0   0
Total gross loans and leases 196,841   196,841   171,103
National Lending | Term lending | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   44,617
2024 56,703   56,703   3,106
2023 5,349   5,349   9,121
2022 645   645   14,772
2021 8,978   8,978   7,238
Prior 80   80   2
Revolving Loans and Leases 0   0   0
Total gross loans and leases 71,755   71,755   78,856
National Lending | Term lending | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 1,671   1,671   9,798
2024 19,994   19,994   24,187
2023 40,877   40,877   18,537
2022 20,882   20,882   11,660
2021 14,293   14,293   18,894
Prior 20,438   20,438   2,631
Revolving Loans and Leases 0   0   0
Total gross loans and leases 118,155   118,155   85,707
National Lending | Term lending | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   4,314
2024 229   229   1,465
2023 776   776   2,247
2022 3,647   3,647   758
2021 1,572   1,572   114
Prior 113   113   767
Revolving Loans and Leases 0   0   0
Total gross loans and leases 6,337   6,337   9,665
National Lending | Term lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 674,115   674,115   655,091
2024 574,545   574,545   479,907
2023 432,484   432,484   182,049
2022 139,395   139,395   135,800
2021 107,742   107,742   71,916
Prior 75,418   75,418   29,878
Revolving Loans and Leases 0   0   0
Total gross loans and leases 2,003,699   2,003,699   1,554,641
2025, Writeoffs     0   114
2024, Writeoffs     7,637   3,102
2023, Writeoffs     4,365   8,502
2022, Writeoffs     2,704   3,576
2021, Writeoffs     851   2,184
Prior, Writeoffs     359   715
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     15,916   18,193
National Lending | Asset-based lending          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 539 0 711 0  
National Lending | Asset-based lending | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 343,417   343,417   233,268
Total gross loans and leases 343,417   343,417   233,268
National Lending | Asset-based lending | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 249,272   249,272   221,521
Total gross loans and leases 249,272   249,272   221,521
National Lending | Asset-based lending | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 7,641   7,641   13,187
Total gross loans and leases 7,641   7,641   13,187
National Lending | Asset-based lending | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 5,643   5,643   3,921
Total gross loans and leases 5,643   5,643   3,921
National Lending | Asset-based lending | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0    
2024 0   0    
2023 0   0    
2022 0   0    
2021 0   0    
Prior 0   0    
Revolving Loans and Leases 4,879   4,879    
Total gross loans and leases 4,879   4,879    
National Lending | Asset-based lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 610,852   610,852   471,897
Total gross loans and leases 610,852   610,852   471,897
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     711   0
Total, Writeoffs     711   0
National Lending | Factoring          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 464 2,389 634 2,424  
National Lending | Factoring | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 192,550   192,550   292,436
Total gross loans and leases 192,550   192,550   292,436
National Lending | Factoring | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 43,120   43,120   62,270
Total gross loans and leases 43,120   43,120   62,270
National Lending | Factoring | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 1,624   1,624   271
Total gross loans and leases 1,624   1,624   271
National Lending | Factoring | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 2,387   2,387   7,306
Total gross loans and leases 2,387   2,387   7,306
National Lending | Factoring | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 1,343   1,343   12
Total gross loans and leases 1,343   1,343   12
National Lending | Factoring | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 241,024   241,024   362,295
Total gross loans and leases 241,024   241,024   362,295
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     634   2,453
Total, Writeoffs     634   2,453
National Lending | Lease financing          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 344 0 1,426 125  
National Lending | Lease financing | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 25,064   25,064   44,883
2024 29,883   29,883   48,851
2023 38,619   38,619   12,862
2022 6,140   6,140   7,101
2021 1,741   1,741   7,938
Prior 5,183   5,183   1,733
Revolving Loans and Leases 0   0   0
Total gross loans and leases 106,630   106,630   123,368
National Lending | Lease financing | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 3,967   3,967   1,837
2024 6,925   6,925   3,537
2023 781   781   370
2022 1,080   1,080   6,264
2021 1,812   1,812   1,362
Prior 355   355   40
Revolving Loans and Leases 0   0   0
Total gross loans and leases 14,920   14,920   13,410
National Lending | Lease financing | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   250
2023 0   0   0
2022 0   0   0
2021 211   211   174
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 211   211   424
National Lending | Lease financing | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   6,691
2023 5,545   5,545   2,723
2022 1,607   1,607   2,717
2021 4,180   4,180   2,069
Prior 970   970   603
Revolving Loans and Leases 0   0   0
Total gross loans and leases 12,302   12,302   14,803
National Lending | Lease financing | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 150   150   0
2022 0   0   138
2021 1   1   31
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 151   151   169
National Lending | Lease financing | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 29,031   29,031   46,720
2024 36,808   36,808   59,329
2023 45,095   45,095   15,955
2022 8,827   8,827   16,220
2021 7,945   7,945   11,574
Prior 6,508   6,508   2,376
Revolving Loans and Leases 0   0   0
Total gross loans and leases 134,214   134,214   152,174
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     320   0
2022, Writeoffs     0   207
2021, Writeoffs     1,005   80
Prior, Writeoffs     101   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     1,426   287
National Lending | Insurance premium finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs   263 93 923  
National Lending | Insurance premium finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025, Writeoffs     0   86
2024, Writeoffs     62   890
2023, Writeoffs     31   173
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     93   1,149
National Lending | SBA/USDA          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 421 456 1,327 456  
National Lending | SBA/USDA | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 71,249   71,249   60,636
2024 102,629   102,629   171,136
2023 171,232   171,232   179,490
2022 155,222   155,222   20,825
2021 18,905   18,905   28,588
Prior 39,753   39,753   39,319
Revolving Loans and Leases 0   0   0
Total gross loans and leases 558,990   558,990   499,994
National Lending | SBA/USDA | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 19,885   19,885   5,244
2024 6,217   6,217   6,967
2023 241   241   0
2022 9,735   9,735   639
2021 998   998   10
Prior 3,779   3,779   3,026
Revolving Loans and Leases 0   0   0
Total gross loans and leases 40,855   40,855   15,886
National Lending | SBA/USDA | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 63   63   0
2024 255   255   0
2023 0   0   0
2022 2,538   2,538   156
2021 329   329   0
Prior 2,156   2,156   363
Revolving Loans and Leases 0   0   0
Total gross loans and leases 5,341   5,341   519
National Lending | SBA/USDA | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 612   612   1,037
2024 2,048   2,048   15,923
2023 17,463   17,463   12,158
2022 12,553   12,553   2,003
2021 2,864   2,864   9,519
Prior 32,471   32,471   11,134
Revolving Loans and Leases 0   0   0
Total gross loans and leases 68,011   68,011   51,774
National Lending | SBA/USDA | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 884   884   185
2023 693   693   55
2022 0   0   55
2021 0   0   62
Prior 128   128   98
Revolving Loans and Leases 0   0   0
Total gross loans and leases 1,705   1,705   455
National Lending | SBA/USDA | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 91,809   91,809   66,917
2024 112,033   112,033   194,211
2023 189,629   189,629   191,703
2022 180,048   180,048   23,678
2021 23,096   23,096   38,179
Prior 78,287   78,287   53,940
Revolving Loans and Leases 0   0   0
Total gross loans and leases 674,902   674,902   568,628
2025, Writeoffs     0   0
2024, Writeoffs     0   549
2023, Writeoffs     171   79
2022, Writeoffs     90   0
2021, Writeoffs     55   127
Prior, Writeoffs     1,011   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     1,327   755
National Lending | Other commercial finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 0 0 0  
National Lending | Other commercial finance | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 8,385   8,385   73,330
2024 62,895   62,895   2,210
2023 2,120   2,120   6,685
2022 127   127   12,351
2021 12,122   12,122   1,274
Prior 64,771   64,771   70,203
Revolving Loans and Leases 0   0   0
Total gross loans and leases 150,420   150,420   166,053
National Lending | Other commercial finance | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   2,480
2023 2,436   2,436   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 2,436   2,436   2,480
National Lending | Other commercial finance | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   508
2023 465   465   0
2022 0   0   16,923
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 465   465   17,431
National Lending | Other commercial finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 8,385   8,385   73,330
2024 62,895   62,895   5,198
2023 5,021   5,021   6,685
2022 127   127   29,274
2021 12,122   12,122   1,274
Prior 64,771   64,771   70,203
Revolving Loans and Leases 0   0   0
Total gross loans and leases 153,321   153,321   185,964
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     0   0
National Lending | Warehouse finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 $ 0 0 $ 0  
National Lending | Warehouse finance | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 664,110   664,110   517,847
Total gross loans and leases 664,110   664,110   517,847
National Lending | Warehouse finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 664,110   664,110   517,847
Total gross loans and leases $ 664,110   664,110   517,847
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     $ 0   $ 0
v3.25.2
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 4,743,324 $ 4,075,195
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,795,688 4,762,759
Accruing and Nonaccruing Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,745,921 4,071,071
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 49,767 691,688
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,003,699 1,554,641
Accruing and Nonaccruing Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 610,852 471,897
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 241,024 362,295
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 134,214 152,174
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 674,902 568,628
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 153,321 185,964
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,818,012 3,295,599
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 226,380 248,800
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 37,419 8,825
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 664,110 517,847
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 29,554 29,609
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 29,554 27,343
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 2,266
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 23,236 19,776
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,846 3,605
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 96 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 26,178 23,381
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,376 3,962
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 53,012 12,218
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 53,012 10,857
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,361
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,910 5,124
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,471 1,595
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,900 952
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 13,281 7,671
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,497 3,186
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 37,234 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,627 32,811
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,627 31,761
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,050
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 23,336 17,694
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,160 109
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 8,729 2,172
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 37,225 19,975
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 6,402 3,053
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,733
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 126,193 74,638
Accruing and Nonaccruing Loans and Leases | Total Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 126,193 69,961
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 4,677
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 52,482 42,594
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,477 5,309
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 14,725 3,124
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 76,684 51,027
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 12,275 10,201
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 37,234 8,733
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Current    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,669,495 4,688,121
Accruing and Nonaccruing Loans and Leases | Current | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,619,728 4,001,110
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 49,767 687,011
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,951,217 1,512,047
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 610,852 471,897
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 241,024 362,295
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 124,737 146,865
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 660,177 565,504
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 153,321 185,964
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,741,328 3,244,572
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 214,105 238,599
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 185 92
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 664,110 517,847
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 71,296 41,562
Nonaccrual Balance 61,524 26,412
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 71,296 40,512
Nonaccrual Balance 61,524 26,412
Nonperforming Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,050
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 39,405 25,385
Nonaccrual Balance 39,217 23,462
Nonperforming Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,517 0
Nonaccrual Balance 9,517 0
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,730 29
Nonaccrual Balance 1,730 29
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,204 806
Nonaccrual Balance 4,286 746
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,038 2,506
Nonaccrual Balance 6,774 2,175
Nonperforming Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 64,894 28,726
Nonaccrual Balance 61,524 26,412
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 6,402 3,053
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,733
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,772 15,150
Nonperforming Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,772 14,100
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,050
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 188 1,923
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 918 60
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,264 331
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,370 2,314
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 6,402 3,053
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,733
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 0 $ 0
v3.25.2
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Financing Receivable, Nonaccrual [Line Items]    
Total gross loans and leases $ 4,743,324 $ 4,075,195
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 4,344 4,748
2023 16,627 5,435
2022 11,286 1,487
2021 17,044 1,369
Prior 976 4,063
Revolving Loans and Leases 11,247 29
Total gross loans and leases 61,524 26,412
Nonaccrual with No ACL 23,231 3,260
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 807 3,433
2023 13,395 5,369
2022 11,286 1,386
2021 13,537 625
Prior 192 3,368
Revolving Loans and Leases 0 0
Total gross loans and leases 39,217 23,462
Nonaccrual with No ACL 19,152 2,579
Nonaccrual Loans | National Lending | Asset-based lending    
Financing Receivable, Nonaccrual [Line Items]    
2025 0  
2024 0  
2023 0  
2022 0  
2021 0  
Prior 0  
Revolving Loans and Leases 9,517  
Total gross loans and leases 9,517  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | Factoring    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 0
2023 0 0
2022 0 0
2021 0 0
Prior 0 0
Revolving Loans and Leases 1,730 29
Total gross loans and leases 1,730 29
Nonaccrual with No ACL 0 0
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 577
2023 150 11
2022 0 46
2021 3,480 2
Prior 656 110
Revolving Loans and Leases 0 0
Total gross loans and leases 4,286 746
Nonaccrual with No ACL 4,079 0
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 3,537 738
2023 3,082 55
2022 0 55
2021 27 742
Prior 128 585
Revolving Loans and Leases 0 0
Total gross loans and leases 6,774 2,175
Nonaccrual with No ACL 0 681
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 4,344 4,748
2023 16,627 5,435
2022 11,286 1,487
2021 17,044 1,369
Prior 976 4,063
Revolving Loans and Leases 11,247 29
Total gross loans and leases 61,524 26,412
Nonaccrual with No ACL 23,231 3,260
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2025 4,625 10,500
2024 3,256 2,481
2023 912 1,073
2022 946 809
2021 32 275
Prior 1 12
Revolving Loans and Leases 0 0
Total gross loans and leases 9,772 15,150
90 or More Days Delinquent and Accruing | Total loans and leases held for investment    
Financing Receivable, Nonaccrual [Line Items]    
2025 4,625 9,469
2024 3,256 2,462
2023 912 1,073
2022 946 809
2021 32 275
Prior 1 12
Revolving Loans and Leases 0 0
Total gross loans and leases 9,772 14,100
90 or More Days Delinquent and Accruing | National Lending | Loans held for sale    
Financing Receivable, Nonaccrual [Line Items]    
2025   1,031
2024   19
2023   0
2022   0
2021   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   1,050
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 621
2023 0 354
2022 187 719
2021 0 217
Prior 1 12
Revolving Loans and Leases 0 0
Total gross loans and leases 188 1,923
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 100 0
2023 149 0
2022 669 2
2021 0 58
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 918 60
90 or More Days Delinquent and Accruing | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 2,264 0
2023 0 331
2022 0 0
2021 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 2,264 331
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 2,364 621
2023 149 685
2022 856 721
2021 0 275
Prior 1 12
Revolving Loans and Leases 0 0
Total gross loans and leases 3,370 2,314
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 4,625 736
2024 892 1,841
2023 763 388
2022 90 88
2021 32 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases $ 6,402 3,053
90 or More Days Delinquent and Accruing | National Lending | Tax services    
Financing Receivable, Nonaccrual [Line Items]    
2025   8,733
2024   0
2023   0
2022   0
2021   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   $ 8,733
v3.25.2
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - National Lending - Commercial finance - USD ($)
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs subsequent default, recorded investment $ 7,200,000 $ 1,500,000
60-89 Days Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs subsequent default, recorded investment $ 0  
v3.25.2
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Basic income per common share:        
Net income attributable to Pathward Financial, Inc. $ 42,147 $ 44,869 $ 147,069 $ 149,686
Dividends and undistributed earnings allocated to participating securities (152) (464) (553) (1,312)
Basic net earnings available to common stockholders 41,995 44,405 146,516 148,374
Undistributed earnings allocated to nonvested restricted stockholders 148 451 540 1,278
Reallocation of undistributed earnings to nonvested restricted stockholders (147) (450) (537) (1,277)
Diluted net earnings available to common stockholders $ 41,996 $ 44,406 $ 146,519 $ 148,375
Total weighted-average basic common shares outstanding (in shares) 23,006,454 24,946,085 23,629,565 25,335,621
Effect of dilutive securities        
Total effect of dilutive securities (in shares) 133,670 33,733 115,521 29,021
Total weighted-average diluted common shares outstanding (in shares) 23,140,124 24,979,818 23,745,086 25,364,642
Net earnings per common share:        
Basic earnings per common share (in dollars per share) $ 1.83 $ 1.78 $ 6.20 $ 5.86
Diluted earnings per common share (in dollars per share) $ 1.81 $ 1.78 $ 6.17 $ 5.85
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 83,151 260,415 89,175 224,035
PSUs        
Effect of dilutive securities        
Performance share units (in shares) 133,670 33,733 115,521 29,021
v3.25.2
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Property, Plant and Equipment [Line Items]    
Total $ 316,207 $ 329,279
Accumulated depreciation (135,595) (124,987)
Unamortized initial direct costs 758 1,047
Net book value 181,370 205,339
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 12,080 21,308
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 145,557 140,920
Other furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 34,427 38,755
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 124,143 $ 128,296
v3.25.2
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Jun. 30, 2025
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2025 $ 10,039
2026 35,440
2027 26,800
2028 18,324
2029 12,994
Thereafter 6,488
Total $ 110,085
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]        
Total goodwill $ 297,928,000 $ 309,505,000 $ 309,505,000 $ 309,505,000
Impairment expense $ 0 $ 0    
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details)
$ in Thousands
 9 Months Ended
Jun. 30, 2025
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 309,505
Divestiture (11,577)
Ending balance 297,928
Consumer  
Goodwill [Roll Forward]  
Beginning balance 87,145
Divestiture 0
Ending balance 87,145
Commercial  
Goodwill [Roll Forward]  
Beginning balance 222,360
Divestiture (11,577)
Ending balance 210,783
Corporate Services/Other  
Goodwill [Roll Forward]  
Beginning balance 0
Divestiture 0
Ending balance $ 0
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 16,589 $ 20,720
Amortization during the period $ (798) $ (983) (2,693) (3,207)
Write-offs and disposals during the period     (631)  
Ending Balance 13,265 17,513 13,265 17,513
Gross carrying amount 92,145 99,385 92,145 99,385
Accumulated amortization (67,809) (70,801) (67,809) (70,801)
Accumulated impairment (11,071) (11,071) (11,071) (11,071)
Total anticipated intangible amortization 13,265 17,513 13,265 17,513
Trademark        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     6,422 7,477
Amortization during the period     (806) (790)
Write-offs and disposals during the period     0  
Ending Balance 5,616 6,687 5,616 6,687
Gross carrying amount 13,774 13,774 13,774 13,774
Accumulated amortization (8,158) (7,087) (8,158) (7,087)
Accumulated impairment 0 0 0 0
Total anticipated intangible amortization $ 5,616 6,687 $ 5,616 6,687
Trademark | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 5 years   5 years  
Trademark | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 15 years   15 years  
Non-Compete        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 0 0
Amortization during the period     0 0
Write-offs and disposals during the period     0  
Ending Balance $ 0 0 0 0
Gross carrying amount 301 301 301 301
Accumulated amortization (301) (301) (301) (301)
Accumulated impairment 0 0 0 0
Total anticipated intangible amortization 0 0 0 0
Customer Relationships        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     6,566 9,110
Amortization during the period     (1,462) (2,018)
Write-offs and disposals during the period     (631)  
Ending Balance 4,473 7,092 4,473 7,092
Gross carrying amount 70,338 77,578 70,338 77,578
Accumulated amortization (54,947) (59,568) (54,947) (59,568)
Accumulated impairment (10,918) (10,918) (10,918) (10,918)
Total anticipated intangible amortization $ 4,473 7,092 $ 4,473 7,092
Customer Relationships | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 10 years   10 years  
Customer Relationships | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 30 years   30 years  
All Others        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 3,601 4,133
Amortization during the period     (425) (399)
Write-offs and disposals during the period     0  
Ending Balance $ 3,176 3,734 3,176 3,734
Gross carrying amount 7,732 7,732 7,732 7,732
Accumulated amortization (4,403) (3,845) (4,403) (3,845)
Accumulated impairment (153) (153) (153) (153)
Total anticipated intangible amortization $ 3,176 $ 3,734 $ 3,176 $ 3,734
All Others | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 3 years   3 years  
All Others | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 20 years   20 years  
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Jun. 30, 2024
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2025 $ 764      
2026 3,103      
2027 2,483      
2028 2,194      
2029 1,581      
Thereafter 3,140      
Total anticipated intangible amortization $ 13,265 $ 16,589 $ 17,513 $ 20,720
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Narrative (Details)
$ in Thousands
 9 Months Ended
Jun. 30, 2025
USD ($)
office
Sep. 30, 2024
USD ($)
Leases [Abstract]    
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating lease, right-of-use asset $ 23,200 $ 24,400
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating lease, liability $ 24,461 $ 26,000
Lease ROU assets and liabilities, number of office locations | office 2  
Gain (loss) on remeasurement of ROU asset depleted $ 500  
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Leases [Abstract]    
Remaining in 2025 $ 866  
2026 3,391  
2027 3,306  
2028 3,397  
2029 3,436  
Thereafter 13,108  
Total undiscounted future minimum lease payments 27,504  
Discount (3,043)  
Total operating lease liabilities $ 24,461 $ 26,000
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Leases [Abstract]          
Weighted-average discount rate 2.67%   2.67%   2.45%
Weighted-average remaining lease term (years) 8 years 2 months 19 days   8 years 2 months 19 days   8 years 9 months 10 days
Lease expense $ 987 $ 990 $ 2,904 $ 3,007  
Short-term and variable lease cost 18 21 62 44  
Sublease income (350) (314) (1,053) (953)  
Total lease cost for operating leases $ 655 $ 697 $ 1,913 $ 2,098  
v3.25.2
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Aug. 25, 2023
Sep. 03, 2021
Equity, Class of Treasury Stock [Line Items]          
Stock repurchased during the period (in shares) 66,446 122,452      
Stock repurchased during the period, value $ 4.6 $ 5.8      
Retired common stock held in treasury (in shares) 0 0      
Common Stock          
Equity, Class of Treasury Stock [Line Items]          
Shares authorized to be repurchased (in shares)     146,435   6,000,000
Additional shares authorized to be repurchased (in shares)       7,000,000  
Stock repurchased under repurchase program (in shares) 1,881,444 1,283,693      
Remaining number of shares authorized to be repurchased (in shares) 5,118,556        
v3.25.2
STOCK COMPENSATION - Narrative (Details)
$ in Millions
 9 Months Ended
Jun. 30, 2025
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 8 years
Stock based compensation expense not yet recognized in income | $ $ 9.4
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 7 months 24 days
Restricted Stock Awards  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 3 years
Restricted Stock Awards | Director  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 1 year
Performance Share Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 3 years
Shares issuable upon vesting (in shares) | shares 1
Performance Share Units | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Payout levels percentage 50.00%
Performance Share Units | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Payout levels percentage 200.00%
v3.25.2
STOCK COMPENSATION - Share Activity (Details)
 9 Months Ended
Jun. 30, 2025
$ / shares
shares
Restricted Stock Awards  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 248,670
Granted (in shares) | shares 15,600
Vested (in shares) | shares (179,669)
Forfeited or expired (in shares) | shares (2,606)
Nonvested shares outstanding, end of period (in shares) | shares 81,995
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 41.19
Granted (in dollars per share) | $ / shares 77.42
Vested (in dollars per share) | $ / shares 41.24
Forfeited or expired (in dollars per share) | $ / shares 47.94
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 47.77
Restricted Stock Units  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 0
Granted (in shares) | shares 88,310
Vested (in shares) | shares 0
Forfeited or expired (in shares) | shares (3,939)
Nonvested shares outstanding, end of period (in shares) | shares 84,371
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 0
Granted (in dollars per share) | $ / shares 79.47
Vested (in dollars per share) | $ / shares 0
Forfeited or expired (in dollars per share) | $ / shares 79.35
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 79.48
PSUs  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 142,462
Granted (in shares) | shares 34,208
Vested (in shares) | shares (34,304)
Forfeited or expired (in shares) | shares 0
Nonvested shares outstanding, end of period (in shares) | shares 142,366
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 47.24
Granted (in dollars per share) | $ / shares 79.47
Vested (in dollars per share) | $ / shares 57.21
Forfeited or expired (in dollars per share) | $ / shares 0
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 52.59
v3.25.2
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Income tax expense $ 4,795 $ 6,103 $ 26,966 $ 30,726
Effective tax rate     15.44% 16.96%
v3.25.2
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Provision at statutory rate     $ 36,547 $ 37,887
Tax-exempt income     (480) (522)
State income taxes     6,562 7,300
Interim period effective rate adjustment     (9,971) (846)
Tax credit investments, net - federal     (3,913) (12,556)
Research tax credit     (752) (602)
IRC 162(m) nondeductible compensation     1,061 826
Other, net     (2,088) (761)
Income tax expense $ 4,795 $ 6,103 $ 26,966 $ 30,726
Effective tax rate     15.44% 16.96%
v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Net interest income $ 122,313 $ 122,750 $ 383,842 $ 370,311
(Loss) on sale of securities 0 0 (22,899) 0
Gain (loss) on divestitures 0 0 15,044 0
Secondary market revenue 7,144 1,721 26,900 3,091
Gain (loss) on sale of other 394 2,954 2,007 6,119
Other income 5,496 4,965 18,934 16,188
Noninterest income 73,442 65,871 269,344 247,577
Revenue 195,755 188,621 653,186 617,888
Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 9,846 9,111 42,919 38,475
Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 307 (67) 49,416 43,244
Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 37,342 33,408 97,201 99,502
Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 12,913 13,779 39,822 40,958
Consumer        
Disaggregation of Revenue [Line Items]        
Net interest income 67,949 69,328 224,644 205,530
(Loss) on sale of securities     0 0
Gain (loss) on divestitures     0 0
Secondary market revenue 41 20 56 5
Gain (loss) on sale of other 0 0 0 0
Other income 2,383 2,020 8,403 6,230
Noninterest income 49,748 44,235 197,376 186,709
Revenue 117,697 113,563 422,020 392,239
Consumer | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 9,846 9,111 42,919 38,475
Consumer | Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 307 (67) 49,416 43,244
Consumer | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 37,171 33,151 96,582 98,755
Consumer | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial        
Disaggregation of Revenue [Line Items]        
Net interest income 51,241 52,932 136,521 142,631
(Loss) on sale of securities     0 0
Gain (loss) on divestitures     0 0
Secondary market revenue 7,103 1,701 13,515 3,086
Gain (loss) on sale of other 330 563 1,487 1,147
Other income 2,023 1,922 6,878 6,395
Noninterest income 22,302 18,051 61,659 51,799
Revenue 73,543 70,983 198,180 194,430
Commercial | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial | Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 165 250 599 727
Commercial | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 12,681 13,615 39,180 40,444
Corporate Services/Other        
Disaggregation of Revenue [Line Items]        
Net interest income 3,123 490 22,677 22,150
(Loss) on sale of securities     (22,899) 0
Gain (loss) on divestitures     15,044 0
Secondary market revenue 0 0 13,329 0
Gain (loss) on sale of other 64 2,391 520 4,972
Other income 1,090 1,023 3,653 3,563
Noninterest income 1,392 3,585 10,309 9,069
Revenue 4,515 4,075 32,986 31,219
Corporate Services/Other | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Corporate Services/Other | Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Corporate Services/Other | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 6 7 20 20
Corporate Services/Other | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: $ 232 $ 164 $ 642 $ 514
v3.25.2
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Segment Reporting Information [Line Items]            
Number of reportable segments | segment     3      
Segment data [Abstract]            
Net interest income $ 122,313 $ 122,750 $ 383,842 $ 370,311    
Provision for credit loss 9,278 11,927 63,205 49,429    
Noninterest income 73,442 65,871 269,344 247,577    
Noninterest expense 139,322 125,510 415,296 387,329    
Income before income tax expense 47,155 51,184 174,685 181,130    
Total assets 7,229,844 7,513,030 7,229,844 7,513,030 $ 7,532,017  
Total goodwill 297,928 309,505 297,928 309,505 309,505 $ 309,505
Total deposits 6,005,246 6,431,516 6,005,246 6,431,516    
Consumer            
Segment data [Abstract]            
Net interest income 67,949 69,328 224,644 205,530    
Provision for credit loss (2,114) 3,859 40,349 34,325    
Noninterest income 49,748 44,235 197,376 186,709    
Noninterest expense 56,962 50,964 177,290 162,543    
Income before income tax expense 62,849 58,740 204,381 195,371    
Total assets 419,654 423,116 419,654 423,116    
Total goodwill 87,145 87,145 87,145 87,145 87,145 87,145
Total deposits 5,823,684 6,190,419 5,823,684 6,190,419    
Commercial            
Segment data [Abstract]            
Net interest income 51,241 52,932 136,521 142,631    
Provision for credit loss 11,371 8,013 22,710 15,031    
Noninterest income 22,302 18,051 61,659 51,799    
Noninterest expense 32,237 33,227 98,603 106,213    
Income before income tax expense 29,935 29,743 76,867 73,186    
Total assets 4,257,971 4,324,946 4,257,971 4,324,946    
Total goodwill 210,783 222,360 210,783 222,360 222,360 222,360
Total deposits 87 13,592 87 13,592    
Corporate Services/Other            
Segment data [Abstract]            
Net interest income 3,123 490 22,677 22,150    
Provision for credit loss 21 55 146 73    
Noninterest income 1,392 3,585 10,309 9,069    
Noninterest expense 50,123 41,319 139,403 118,573    
Income before income tax expense (45,629) (37,299) (106,563) (87,427)    
Total assets 2,552,219 2,764,968 2,552,219 2,764,968    
Total goodwill 0 0 0 0 $ 0 $ 0
Total deposits $ 181,475 $ 227,505 $ 181,475 $ 227,505    
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 3,675 3,303
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 1,367,339 1,741,221
Common equities and mutual funds 0 0
Level 3    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 0 0
Common equities and mutual funds 0 0
Recurring    
Available-for-sale debt securities [Abstract]    
Corporate securities 21,125 19,750
SBA securities 10,683 81,935
Obligations of states and political subdivisions 161 480
Non-bank qualified obligations of states and political subdivisions 189,545 217,990
Asset-backed securities 140,192 189,698
Mortgage-backed securities 1,005,634 1,231,368
Total debt securities AFS 1,367,340 1,741,221
Common equities and mutual funds 3,675 3,303
Non-marketable equity securities 12,669 11,828
Recurring | Level 1    
Available-for-sale debt securities [Abstract]    
Corporate securities 0 0
SBA securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-backed securities 0 0
Mortgage-backed securities 0 0
Total debt securities AFS 0 0
Common equities and mutual funds 3,675 3,303
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 21,125 19,750
SBA securities 10,683 81,935
Obligations of states and political subdivisions 161 480
Non-bank qualified obligations of states and political subdivisions 189,545 217,990
Asset-backed securities 140,192 189,698
Mortgage-backed securities 1,005,634 1,231,368
Total debt securities AFS 1,367,340 1,741,221
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Recurring | Level 3    
Available-for-sale debt securities [Abstract]    
Corporate securities 0 0
SBA securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-backed securities 0 0
Mortgage-backed securities 0 0
Total debt securities AFS 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities $ 0 $ 0
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2025
Sep. 30, 2024
Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 3.00%  
Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 35.00%  
Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 0 $ 0
Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 4,704,600 4,036,490
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 20,401 7,652
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach | Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 3.00%  
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach | Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 35.00%  
Nonrecurring    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 20,401 7,652
Nonrecurring | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 20,401 7,652
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 20,401 7,652
Nonrecurring | Commercial finance | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 20,401 7,652
Nonrecurring | Total loans and leases, net individually evaluated for credit loss    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 20,401 7,652
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 20,401 $ 7,652
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Financial assets    
Debt securities held to maturity $ 25,771 $ 30,236
Level 1    
Financial assets    
Cash and cash equivalents 258,343 158,337
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 3,675 3,303
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 0 0
Accrued interest receivable 39,996 31,385
Financial liabilities    
Deposits 6,002,610 5,845,879
Overnight federal funds purchased 115,000 377,000
Other short- and long-term borrowings 0 0
Accrued interest payable 742 571
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 1,367,339 1,741,221
Debt securities held to maturity 25,771 30,236
Common equities and mutual funds 0 0
Non-marketable equity securities 9,699 9,522
Loans held for sale 49,767 691,688
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 29,451 36,014
Accrued interest receivable 0 0
Financial liabilities    
Deposits 2,568 29,115
Overnight federal funds purchased 0 0
Other short- and long-term borrowings 33,077 31,787
Accrued interest payable 0 0
Level 3    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases 4,704,600 4,036,490
Federal Reserve Bank and Federal Home Loan Bank stocks 0 0
Accrued interest receivable 0 0
Financial liabilities    
Deposits 0 0
Overnight federal funds purchased 0 0
Other short- and long-term borrowings 0 0
Accrued interest payable 0 0
Carrying Amount    
Financial assets    
Cash and cash equivalents 258,343 158,337
Debt securities available for sale 1,367,340 1,741,221
Debt securities held to maturity 30,273 33,092
Common equities and mutual funds 3,675 3,303
Non-marketable equity securities 22,369 21,350
Loans held for sale 49,767 691,688
Loans and leases 4,745,921 4,071,071
Federal Reserve Bank and Federal Home Loan Bank stocks 29,451 36,014
Accrued interest receivable 39,996 31,385
Financial liabilities    
Deposits 6,005,246 5,875,085
Overnight federal funds purchased 115,000 377,000
Other short- and long-term borrowings 33,431 33,354
Accrued interest payable 742 571
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 258,343 158,337
Debt securities available for sale 1,367,339 1,741,221
Debt securities held to maturity 25,771 30,236
Common equities and mutual funds 3,675 3,303
Non-marketable equity securities 22,369 21,350
Loans held for sale 49,767 691,688
Loans and leases 4,704,600 4,036,490
Federal Reserve Bank and Federal Home Loan Bank stocks 29,451 36,014
Accrued interest receivable 39,996 31,385
Financial liabilities    
Deposits 6,005,178 5,874,994
Overnight federal funds purchased 115,000 377,000
Other short- and long-term borrowings 33,077 31,787
Accrued interest payable $ 742 $ 571