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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Interest income $ 336,474 $ 259,778 $ 1,000,159 $ 627,804
Interest expense 229,180 160,452 675,749 350,079
Net interest income 107,294 99,326 324,410 277,725
Other revenue:        
Gain on sales, including fee-based services, net 18,619 14,360 55,795 32,526
Mortgage servicing rights 14,109 19,408 48,769 52,287
Servicing revenue, net 35,463 22,744 97,376 64,513
Property operating income 1,450 445 4,261 1,031
Gain (loss) on derivative instruments, net (421) (15,909) (3,582) 10,083
Other income (loss), net 173 (6,014) 5,099 (16,061)
Total other revenue 69,393 35,034 207,718 144,379
Other expenses:        
Employee compensation and benefits 39,810 38,811 123,518 119,736
Selling and administrative 12,367 13,225 38,574 40,960
Property operating expenses 1,479 366 4,227 1,443
Depreciation and amortization 2,286 2,078 7,297 6,092
Provision for loss sharing (net of recoveries) 1,679 412 12,528 (2,199)
Provision for credit losses (net of recoveries) 18,652 2,274 55,047 9,700
Total other expenses 76,273 57,166 241,191 175,732
Income before extinguishment of debt, income from equity affiliates and income taxes 100,414 77,194 290,937 246,372
Loss on extinguishment of debt (314) (3,262) (1,561) (4,612)
Income from equity affiliates 809 4,748 20,694 18,507
(Provision for) benefit from income taxes (5,854) 374 (19,436) (13,166)
Net income 95,055 79,054 290,634 247,101
Preferred stock dividends 10,342 10,342 31,027 30,612
Net income attributable to noncontrolling interest 6,789 6,002 21,200 19,811
Net income attributable to common stockholders $ 77,924 $ 62,710 $ 238,407 $ 196,678
Earnings per common share        
Basic earnings per common share (in dollars per share) $ 0.42 $ 0.37 $ 1.30 $ 1.21
Diluted earnings per common share (in dollars per share) $ 0.41 $ 0.36 $ 1.28 $ 1.18
Weighted average shares outstanding:        
Basic (in shares) 187,023,395 170,227,553 183,340,149 162,292,235
Diluted (in shares) 221,328,818 205,865,016 217,457,399 195,529,340
Dividends declared per common share (in dollars per share) $ 0.43 $ 0.39 $ 1.25 $ 1.14