Income Taxes

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

14.Income Taxes.

The Company’s effective income tax rate was 24.5% and 21.5% for the six months ended June 30, 2024 and 2023, respectively. Differences in the effective tax and the statutory federal income tax rate of 21% are driven by state income taxes, fluctuations in the value of investments and anticipated annual permanent differences offset by equity compensation deductions.

The Company had no uncertain tax positions as of June 30, 2024 and December 31, 2023.