v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 180,971 $ 279,270
Restricted cash 32,268 25,156
Pledged securities, at fair value 214,374 206,904
Loans held for sale, at fair value 946,372 780,749
Mortgage servicing rights 825,761 852,399
Goodwill 868,710 868,710
Other intangible assets 153,139 156,893
Receivables, net 372,689 335,879
Committed investments in tax credit equity 337,510 313,230
Other assets 580,084 562,803
Total assets 4,511,878 4,381,993
Liabilities    
Warehouse notes payable 931,002 781,706
Notes payable 825,556 768,044
Allowance for risk-sharing obligations 31,871 28,159
Commitments to fund investments in tax credit equity 295,052 274,975
Other liabilities 684,308 769,246
Total liabilities 2,767,789 2,622,130
Equity    
Preferred stock (authorized 50,000 shares; none issued)
Common stock ($0.01 par value; authorized 200,000 shares; issued and outstanding 33,344 shares as of March 31, 2025 and 33,194 shares as of December 31, 2024) 333 332
Additional paid-in capital ("APIC") 432,788 429,000
Accumulated other comprehensive income (loss) ("AOCI") 1,295 586
Retained earnings 1,297,764 1,317,945
Total stockholders' equity 1,732,180 1,747,863
Noncontrolling interests 11,909 12,000
Total equity 1,744,089 1,759,863
Commitments and contingencies (NOTES 2 and 9)
Total liabilities and equity $ 4,511,878 $ 4,381,993