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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Interest income $ 1,331,219 $ 948,401 $ 466,087
Interest expense 903,228 557,617 212,005
Net interest income 427,991 390,784 254,082
Other revenue:      
Gain on sales, including fee-based services, net 72,522 55,816 123,037
Mortgage servicing rights 69,912 69,346 130,230
Servicing revenue, net 130,449 92,192 74,814
Property operating income 5,708 1,877 185
Gain (loss) on derivative instruments, net 6,763 26,609 (2,684)
Other income (loss), net 7,667 (17,563) 7,566
Total other revenue 293,021 228,277 333,148
Other expenses:      
Employee compensation and benefits 159,788 161,825 171,796
Selling and administrative 51,260 53,990 45,575
Property operating expenses 5,897 2,136 718
Depreciation and amortization 9,743 8,732 7,215
Provision for loss sharing (net of recoveries) 15,695 1,862 (6,167)
Provision for credit losses (net of recoveries) 73,446 21,169 (21,113)
Litigation settlement 0 7,350 0
Total other expenses 315,829 257,064 198,024
Income before extinguishment of debt, gain on real estate, income from equity affiliates and income taxes 405,183 361,997 389,206
Loss on extinguishment of debt (1,561) (4,933) (3,374)
Gain on sale of real estate 0 0 3,693
Income from equity affiliates 24,281 14,247 34,567
Provision for income taxes (27,347) (17,484) (46,285)
Net income 400,556 353,827 377,807
Preferred stock dividends 41,369 40,954 21,888
Net income attributable to noncontrolling interest 29,122 28,044 38,507
Net income attributable to common stockholders $ 330,065 $ 284,829 $ 317,412
Earnings per common share      
Basic earnings per common share (in dollars per share) $ 1.79 $ 1.72 $ 2.30
Diluted earnings per common share (in dollars per share) $ 1.75 $ 1.67 $ 2.28
Weighted average shares outstanding:      
Basic (in shares) 184,641,642 165,355,167 137,830,691
Diluted (in shares) 218,843,613 199,112,630 156,089,595