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Earnings Per Share (Tables)
 3 Months Ended
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,
20252024
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 outstanding479,166 470,517 
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,
20252024
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 outstanding479,166 470,517 
Other1
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 
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1Primarily consists of contracts to issue shares of BGC common stock.