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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Basic earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 57,545 |  |  | $ | 37,828 |  |  | $ | 112,709 |  |  | $ | 87,038 |
Less: Dividends declared and allocation of undistributed earnings to participating securities | (2,428) |  |  | (1,774) |  |  | (4,804) |  |  | (4,536) |
Net income (loss) attributable to common stockholders | $ | 55,117 |  |  | $ | 36,054 |  |  | $ | 107,905 |  |  | $ | 82,502 |
Basic weighted-average shares of common stock outstanding | 480,138 |  |  | 475,272 |  |  | 479,655 |  |  | 472,895 |
Basic earnings (loss) per share | $ | 0.11 |  |  | $ | 0.08 |  |  | $ | 0.22 |  |  | $ | 0.17 |
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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Fully diluted earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 55,117 |  |  | $ | 36,054 |  |  | $ | 107,905 |  |  | $ | 82,502 |
Add back: Allocations of undistributed earnings to participating securities | 2,142 |  |  | 1,438 |  |  | 4,220 |  |  | 3,994 |
Less: Reallocation of undistributed earnings to participating securities | (2,123) |  |  | (1,422) |  |  | (4,175) |  |  | (3,943) |
Net income (loss) for fully diluted shares | $ | 55,136 |  |  | $ | 36,070 |  |  | $ | 107,950 |  |  | $ | 82,553 |
Weighted-average shares: |  |  |  |  |  |  |
Common stock outstanding | 480,138 |  |  | 475,272 |  |  | 479,655 |  |  | 472,895 |
Other 1 | 4,498 |  |  | 5,589 |  |  | 5,435 |  |  | 6,522 |
Fully diluted weighted-average shares of common stock outstanding | 484,636 |  |  | 480,861 |  |  | 485,090 |  |  | 479,417 |
Fully diluted earnings (loss) per share | $ | 0.11 |  |  | $ | 0.08 |  |  | $ | 0.22 |  |  | $ | 0.17 |
____________________________ 1 Primarily consists of contracts to issue shares of BGC common stock.

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