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Earnings per share

12 Months Ended

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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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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