Quarterly report pursuant to Section 13 or 15(d)

Interest Income and Interest Expense

v3.24.2
Interest Income and Interest Expense
 6 Months Ended
Jun. 30, 2024
Banking and Thrift, Interest [Abstract]  
Interest Income and Interest Expense Interest Income and Interest Expense
The following table presents the components of the Company’s interest income and interest expense for the three and six months ended June 30, 2024 and 2023.
Three Months Ended Six Months Ended
June 30, June 30,
2024 2023 2024 2023
Interest income:
Available-for-sale securities $ 99,211  $ 104,195  $ 199,816  $ 201,233 
Other 16,742  13,567  33,920  33,122 
Total interest income 115,953  117,762  233,736  234,355 
Interest expense:
Repurchase agreements 113,714  116,946  232,430  221,301 
Revolving credit facilities 29,906  29,684  60,153  55,340 
Term notes payable 6,008  8,239  12,426  15,882 
Convertible senior notes 4,579  4,692  9,198  9,528 
Total interest expense 154,207  159,561  314,207  302,051 
Net interest (expense) income
 $ (38,254) $ (41,799) $ (80,471) $ (67,696)