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Earnings per share | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Earnings per share | Earnings per share The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share for the years ended December 31, 2025 and 2024 (in thousands, except per share data).
| Years Ended |  |
| December 31, 2025 |  | December 31, 2024 |  |
Numerator: |  |  |  |  |
Net Income/(Loss) | $ | 48,668 |  |  | $ | 55,737 |  |  |
Dividends on preferred stock | 21,242 |  |  | 19,353 |  |  |
Net Income/(Loss) Available to Common Stockholders | $ | 27,426 |  |  | $ | 36,384 |  |  |
Denominator: |  |  |  |  |
Basic weighted average common shares outstanding | 30,542 |  |  | 29,487 |  |  |
Dilutive effect of restricted stock units | 20 |  |  | 27 |  |  |
Diluted weighted average common shares outstanding | 30,562 |  |  | 29,514 |  |  |
Earnings/(Loss) Per Share |  |  |  |  |
Basic | $ | 0.90 |  |  | $ | 1.23 |  |  |
Diluted | $ | 0.90 |  |  | $ | 1.23 |  |  |
Dividends The following tables detail the Company's common stock dividends declared during the years ended December 31, 2025 and 2024.
Year Ended December 31, 2025 |  | Year Ended December 31, 2024
Declaration Date |  | Record Date |  | Payment Date |  | Cash Dividend Per Share |  | Declaration Date |  | Record Date |  | Payment Date |  | Cash Dividend Per Share
3/17/2025 |  | 3/31/2025 |  | 4/30/2025 |  | $ | 0.20 |  |  | 3/15/2024 |  | 3/29/2024 |  | 4/30/2024 |  | $ | 0.18 |
6/17/2025 |  | 6/30/2025 |  | 7/31/2025 |  | 0.21 |  |  | 6/13/2024 |  | 6/28/2024 |  | 7/31/2024 |  | 0.19 |
9/15/2025 |  | 9/30/2025 |  | 10/31/2025 |  | 0.21 |  |  | 9/16/2024 |  | 9/30/2024 |  | 10/31/2024 |  | 0.19 |
12/15/2025 |  | 12/31/2025 |  | 1/30/2026 |  | 0.23 |  |  | 12/16/2024 |  | 12/31/2024 |  | 1/31/2025 |  | 0.19 |
Total |  |  |  |  |  | $ | 0.85 |  |  | Total |  |  |  |  |  | $ | 0.75 |
The following tables detail the Company's preferred stock dividends declared and paid during the years ended December 31, 2025 and 2024.
|  | 2025 |  |  |  |  |  | Cash Dividend Per Share
|  | Declaration Date |  | Record Date |  | Payment Date |  | 8.25% Series A |  | 8.00% Series B |  | 8.000% Series C
|  | 2/14/2025 |  | 2/28/2025 |  | 3/17/2025 |  | $ | 0.51563 |  |  | $ | 0.50 |  |  | $ | 0.693062 |
|  | 5/5/2025 |  | 5/30/2025 |  | 6/17/2025 |  | 0.51563 |  |  | 0.50 |  |  | 0.704864 |
|  | 7/31/2025 |  | 8/29/2025 |  | 9/17/2025 |  | 0.51563 |  |  | 0.50 |  |  | 0.706042 |
|  | 11/3/2025 |  | 11/28/2025 |  | 12/17/2025 |  | 0.51563 |  |  | 0.50 |  |  | 0.680181 |
|  | Total |  |  |  |  |  | $ | 2.06252 |  |  | $ | 2.00 |  |  | $ | 2.784149 |
|  | 2024 |  |  |  |  |  | Cash Dividend Per Share
|  | Declaration Date |  | Record Date |  | Payment Date |  | 8.25% Series A |  | 8.00% Series B |  | 8.000% Series C
|  | 2/16/2024 |  | 2/29/2024 |  | 3/18/2024 |  | $ | 0.51563 |  |  | $ | 0.50 |  |  | $ | 0.50 |
|  | 5/2/2024 |  | 5/31/2024 |  | 6/17/2024 |  | 0.51563 |  |  | 0.50 |  |  | 0.50 |
|  | 8/1/2024 |  | 8/30/2024 |  | 9/17/2024 |  | 0.51563 |  |  | 0.50 |  |  | 0.50 |
|  | 11/4/2024 |  | 11/29/2024 |  | 12/17/2024 |  | 0.51563 |  |  | 0.50 |  |  | 0.733117 |
|  | Total |  |  |  |  |  | $ | 2.06252 |  |  | $ | 2.00 |  |  | $ | 2.233117 |

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