v3.24.2
Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
| Interest income | $ 76,054 | $ 42,212 | $ 147,580 | $ 73,058 |
| Interest Expense, Operating | 74,767 | 45,142 | 149,484 | 76,450 |
| Net interest income (expense) | 1,287 | (2,930) | (1,904) | (3,392) |
| Realized loss on sales of investments, net | (1,506) | (51,601) | (1,506) | (74,916) |
| Unrealized (loss) gain on investments, net | (41,977) | 488 | (112,001) | 57,609 |
| Gain on derivative instruments, net | 41,135 | 116,012 | 165,771 | 48,745 |
| Total other (losses) gains, net | (2,348) | 64,899 | 52,264 | 31,438 |
| Noninterest Expense [Abstract] | ||||
| Compensation and benefits | (3,284) | (3,617) | (10,461) | (7,367) |
| Other general and administrative | (3,358) | (3,580) | (7,062) | (7,202) |
| Other operating expenses | (601) | (435) | (1,022) | (861) |
| Total operating expenses | (7,243) | (7,632) | (18,545) | (15,430) |
| Net income | (8,304) | 54,337 | 31,815 | 12,616 |
| Preferred stock dividends | (1,923) | (1,923) | (3,847) | (3,847) |
| Net (loss) income to common shareholders | (10,227) | 52,414 | 27,968 | 8,769 |
| Other comprehensive income: | ||||
| Unrealized (loss) gain on available-for-sale investments, net | (1,786) | (9,443) | (19,054) | 5,350 |
| Total other comprehensive (loss) income | (1,786) | (9,443) | (19,054) | 5,350 |
| Comprehensive (loss) income to common shareholders | $ (12,013) | $ 42,971 | $ 8,914 | $ 14,119 |
| Weighted average common shares-basic (in shares) | 66,954,870 | 54,137,327 | 63,003,545 | 53,981,463 |
| Weighted average common shares-diluted (in shares) | 66,954,870 | 54,585,082 | 63,913,156 | 54,327,385 |
| Net income (loss) per common share-basic (in dollars per share) | $ (0.15) | $ 0.97 | $ 0.44 | $ 0.16 |
| Net income (loss) per common share-diluted (in dollars per share) | $ (0.15) | $ 0.96 | $ 0.44 | $ 0.16 |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), investment in debt security measured at amortized cost (held-to-maturity) and investment in debt security measured at fair value with change in fair value recognized in net income (trading). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate amount of gains or losses resulting from nonoperating activities (for example, interest and dividend revenue, property, plant and equipment impairment loss, and so forth). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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