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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Schedule of Basic Earnings Per Share | The following is the calculation of the Company’s basic EPS (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Basic earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 55,164 |  |  | $ | 49,210 |  |  |  |  |
Less: Dividends declared and allocation of undistributed earnings to participating securities | (2,384) |  |  | (2,832) |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 52,780 |  |  | $ | 46,378 |  |  |  |  |
Basic weighted-average shares of common stock outstanding | 479,166 |  |  | 470,517 |  |  |  |  |
Basic earnings (loss) per share | $ | 0.11 |  |  | $ | 0.10 |  |  |  |  |
Schedule of Fully Diluted Earnings Per Share | The following is the calculation of the Company’s fully diluted EPS (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Fully diluted earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 52,780 |  |  | $ | 46,378 |  |  |  |  |
Add back: Allocations of undistributed earnings to participating securities | 2,086 |  |  | 2,627 |  |  |  |  |
Less: Reallocation of undistributed earnings to participating securities | (2,060) |  |  | (2,588) |  |  |  |  |
Net income (loss) for fully diluted shares | $ | 52,806 |  |  | $ | 46,417 |  |  |  |  |
Weighted-average shares: |  |  |  |  |  |  |
Common stock outstanding | 479,166 |  |  | 470,517 |  |  |  |  |
Other 1 | 6,383 |  |  | 7,456 |  |  |  |  |
Fully diluted weighted-average shares of common stock outstanding | 485,549 |  |  | 477,973 |  |  |  |  |
Fully diluted earnings (loss) per share | $ | 0.11 |  |  | $ | 0.10 |  |  |  |  |
____________________________ 1 Primarily consists of contracts to issue shares of BGC common stock.

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