Quarterly report [Sections 13 or 15(d)]

Interest Income and Interest Expense (Tables)

v3.25.1
Interest Income and Interest Expense (Tables)
3 Months Ended
Mar. 31, 2025
Banking and Thrift, Interest [Abstract]  
Schedule of Interest Income and Interest Expense
Three Months Ended
March 31,
2025 2024
Interest income:
Available-for-sale securities $ 100,418  $ 100,605 
Mortgage loans held-for-sale 53 
Other 10,911  17,177 
Total interest income 111,382  117,783 
Interest expense:
Repurchase agreements 107,078  118,716 
Revolving credit facilities 20,126  30,247 
Warehouse facilities 55  — 
Term notes payable —  6,418 
Convertible senior notes 4,455  4,619 
Total interest expense 131,714  160,000 
Net interest expense
$ (20,332) $ (42,217)