Quarterly report [Sections 13 or 15(d)]

Interest Income and Interest Expense

v3.25.1
Interest Income and Interest Expense
 3 Months Ended
Mar. 31, 2025
Banking and Thrift, Interest [Abstract]  
Interest Income and Interest Expense 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, 2025 and 2024:
Three Months Ended
March 31,
2025 2024
Interest income:
Available-for-sale securities $ 100,418  $ 100,605 
Mortgage loans held-for-sale 53  1 
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)