Quarterly report [Sections 13 or 15(d)]

Interest Income and Interest Expense (Tables)

v3.26.1
Interest Income and Interest Expense (Tables)
3 Months Ended
Mar. 31, 2026
Banking and Thrift, Interest [Abstract]  
Schedule of Interest Income and Interest Expense
The following table presents the components of the Company’s interest income and interest expense for the three months ended March 31, 2026 and 2025:
Three Months Ended
March 31,
2026 2025
Interest income:
Available-for-sale securities $ 80,687  $ 100,418 
Mortgage loans held-for-sale 169  53 
Other 7,794  10,911 
Total interest income 88,650  111,382 
Interest expense:
Repurchase agreements 74,527  107,078 
Revolving credit facilities 16,350  20,126 
Warehouse lines of credit
109  55 
Senior notes 2,841  — 
Convertible senior notes 710  4,455 
Other
624  — 
Total interest expense 95,161  131,714 
Net interest expense
$ (6,511) $ (20,332)