Shareholders' Equity and Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Share-Based Payment Arrangement, Activity

The following table presents a rollforward of share-based awards for the periods indicated:

	Nine Months Ended
	September 30,
	2025			2024
Type of Award	Shares	Weighted Average Grant Date Fair Value  Per Share		Shares	Weighted Average Grant Date Fair Value  Per Share
Restricted stock:
Awards outstanding, beginning of period	93,595	$	12.78	104,282	$	12.61
Granted	—	—		65,668	12.56
Vested	(66,860)	12.96		(76,355)	12.37
Awards outstanding, end of period	26,735	$	12.34	93,595	$	12.78
Target RSUs: (1)
Awards outstanding, beginning of period	463,070	$	12.64	394,497	$	13.06
Granted	399,096	12.78		214,755	12.50
Vested	(227,483)	12.69		(146,182)	13.57
Awards outstanding, end of period	634,683	$	12.71	463,070	$	12.64
Target PSUs: (2)
Awards outstanding, beginning of period	482,409	$	12.32	276,866	$	13.17
Granted	371,282	12.05		322,132	12.50
Vested	—	—		—	—
Awards outstanding, end of period	853,691	$	12.20	598,998	$	12.81

(1)The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% if the recipient’s service-based vesting condition is not met to 100% if the service-based vesting condition is met.

(2)The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% to 200% based on the achievement of the performance goals defined in each grant award.

Schedule of Dividends Payable

The following table discloses the dividends payable to the Company’s shareholders for common and preferred stock as well as to its employees and directors for DERs related to its outstanding RSUs and PSUs as of the dates indicated:

Dividends Payable	September 30, 2025		December 31, 2024
($s in thousands)
RSU DERs	$	1,219	$	916
PSU DERs	2,303		1,287
Accrued DERs	3,522		2,203
Common stock dividends	24,772		$	12,674
Preferred stock dividends	2,394		1,624
Accrued dividends	27,166		14,298
Total dividends payable	$	30,688	$	16,501

Share-Based Payment Arrangement, Nonvested Award, Cost

The following table discloses the Company’s remaining compensation expense related to stock awards it has granted as of September 30, 2025, which will be amortized over the period disclosed:

	September 30, 2025
($s in thousands)	Remaining Compensation Cost		WAVG Period of Recognition
Restricted stock	$	205	1.2 years
RSUs	4,510		1.8 years
PSUs	3,721		1.9 years
Total	$	8,436	1.8 years