Quarterly report [Sections 13 or 15(d)]

Interest Income and Interest Expense (Tables)

v3.26.1
Interest Income and Interest Expense (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 and 2025:
Three Months Ended Six Months Ended
June 30, June 30,
2026 2025 2026 2025
Interest income:
Available-for-sale securities $ 76,516  $ 108,842  $ 157,203  $ 209,260 
Mortgage loans held-for-sale 153  145  322  198 
Other 6,867  8,095  14,661  19,006 
Total interest income 83,536  117,082  172,186  228,464 
Interest expense:
Repurchase agreements 69,556  110,288  144,083  217,366 
Revolving credit facilities 16,339  20,343  32,689  40,469 
Warehouse lines of credit
89  129  198  184 
Senior notes 2,845  1,496  5,686  1,496 
Convertible senior notes —  4,445  710  8,900 
Other
728  —  1,352  — 
Total interest expense 89,557  136,701  184,718  268,415 
Net interest expense
$ (6,021) $ (19,619) $ (12,532) $ (39,951)