CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Assets:
Cash and cash equivalents (includes restricted cash of $17,881 and $24,475, respectively)	$ 991,445	$ 931,067
Investment securities:
Available-for-sale, at fair value (amortized cost of $15,557,363 and $13,813,551, respectively)	14,885,573	13,580,285
Held-to-maturity, at amortized cost	4,475,876	3,954,223
Other investments	19,442	15,871
Total Investment Securities	19,380,891	17,550,379
Loans:
Loans held for investment, at amortized cost	16,689,890	13,877,051
Loans held for investment in consolidated trusts, at amortized cost	2,225,946	2,482,010
Allowance for losses	(48,325)	(37,785)
Total loans, net of allowance	18,867,511	16,321,276
Financial derivatives, at fair value	19,912	44,875
Accrued interest receivable (includes $26,284 and $40,945, respectively, related to consolidated trusts)	350,365	357,155
Guarantee and commitment fees receivable	56,272	57,214
Deferred tax asset, net	22,689	173
Prepaid expenses and other assets	332,301	108,018
Total Assets	40,021,386	35,370,157
Liabilities:
Notes payable	35,416,101	30,822,570
Debt securities of consolidated trusts held by third parties	2,115,699	2,365,435
Financial derivatives, at fair value	219,897	21,618
Accrued interest payable (includes $13,154 and $15,795, respectively, related to consolidated trusts)	295,314	233,714
Guarantee and commitment obligation	54,439	54,770
Other liabilities	77,291	153,101
Total Liabilities	38,178,741	33,651,208
Commitments and Contingencies (Note 5)
Equity:
Additional paid-in capital	141,562	139,370
Accumulated other comprehensive (loss)/income, net of tax	(68,266)	13,382
Retained earnings	1,153,735	1,047,347
Total Equity	1,842,645	1,718,949
Total Liabilities and Equity	40,021,386	35,370,157
Series D
Equity:
Preferred stock	96,659	96,659
Series E
Equity:
Preferred stock	77,003	77,003
Series F
Equity:
Preferred stock	116,160	116,160
Series G
Equity:
Preferred stock	121,327	121,327
Series H
Equity:
Preferred stock	96,844	96,844
Series I
Equity:
Preferred stock	96,764	0
Class A voting common stock
Equity:
Common stock	1,031	1,031
Class B voting common stock
Equity:
Common stock	500	500
Class C non-voting common stock
Equity:
Common stock	$ 9,326	$ 9,326