v3.25.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Loans and investments, allowance for credit losses $ 243,278 $ 238,967
Securities held-to-maturity, allowance for credit losses $ 13,659 $ 10,846
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares issued (in shares) 192,301,414 189,259,435
Common stock, shares outstanding (in shares) 192,301,414 189,259,435
Assets of consolidated VIEs [1] $ 13,563,039 $ 13,490,981
Liabilities of consolidated VIEs [1] 10,469,176 10,339,011
Consolidated VIEs    
Assets of consolidated VIEs 4,852,140 6,124,925
Liabilities of consolidated VIEs $ 3,520,197 $ 4,637,744
Special voting preferred shares    
Preferred stock, shares issued (in shares) 16,173,761 16,293,589
Series D preferred stock    
Preferred stock, shares issued (in shares) 9,200,000 9,200,000
Preferred stock, dividend rate (as a percent) 6.375% 6.375%
Series E preferred stock    
Preferred stock, shares issued (in shares) 5,750,000 5,750,000
Preferred stock, dividend rate (as a percent) 6.25% 6.25%
Series F preferred stock    
Preferred stock, shares issued (in shares) 11,342,000 11,342,000
Preferred stock, dividend rate (as a percent) 6.25% 6.25%
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At June 30, 2025 and December 31, 2024, assets of our consolidated VIEs totaled $4,852,140 and $6,124,925, respectively, and the liabilities of our consolidated VIEs totaled $3,520,197 and $4,637,744, respectively. See Note 15 for discussion of our VIEs.