XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income $ 71,525 $ 30,846
Interest expense (74,717) (31,308)
Net interest expense (3,192) (462)
Realized loss on sales of investments, net 0 (23,315)
Unrealized (loss) gain on investments, net (70,024) 57,120
Gain (loss) on derivative instruments, net 124,635 (67,267)
Total other gains (losses), net 54,611 (33,462)
Noninterest Expense [Abstract]    
Compensation and benefits (7,177) (3,750)
Other general and administrative (3,703) (3,622)
Other operating expenses (421) (426)
Total operating expenses (11,301) (7,798)
Net income (loss) 40,118 (41,722)
Preferred stock dividends (1,923) (1,923)
Net income (loss) to common shareholders 38,195 (43,645)
Other comprehensive income:    
Unrealized (loss) gain on available-for-sale investments, net (17,268) 14,793
Reclassification of realized (loss) gain on available-for-sale investments, net 0 0
Total other comprehensive (loss) income (17,268) 14,793
Comprehensive income (loss) to common shareholders $ 20,927 $ (28,852)
Weighted average common shares-basic (in shares) 59,008,316 53,823,866
Weighted average common shares-diluted (in shares) 59,717,332 53,823,866
Net income (loss) per common share-basic (in dollars per share) $ 0.65 $ (0.81)
Net income (loss) per common share-diluted (in dollars per share) $ 0.64 $ (0.81)