v3.26.1
Business Combinations (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Allocation of the Purchase Consideration
The allocation of the purchase consideration, subject to future measurement period adjustments, is as follows (dollars in thousands):
Amount
Total Purchase Price$427,774 
ASSETS
Cash and cash equivalents25,357 
Restricted cash14,205 
Investment securities, held to maturity17,843 
Commercial mortgage loans, held for sale, measured at fair value422,011 
Mortgage servicing rights, net211,545 
Derivative assets4,268 
Accrued Interest Receivable4,475 
Prepaid expenses and other assets23,434 
Equity method investments47,614 
Loan repurchase option asset13,197 
Intangible assets - agency licenses72,500 
Intangible assets - other9,500 
Goodwill92,048 
Total assets acquired$957,997 
Repurchase agreements - commercial mortgage loans413,797 
Allowance for loss sharing23,586 
Accrued compensation34,650 
Interest Payable1,154 
Accounts payable and accrued expenses15,929 
Loan repurchase option liability13,197 
Other liabilities27,910 
Total liabilities assumed$530,223 
Total purchase consideration$427,774 
Schedule of Business Combination, Pro Forma Information The following table presents NewPoint's revenue and earnings as reported in the Company's consolidated statement of operations (dollars in thousands):
Three months ended March 31, 2026
Revenue$33,300 
Net income (loss) attributable to Franklin BSP Realty Trust, Inc.3,237 
The unaudited proforma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the Transaction had taken place on the date indicated or of results that may occur in the future (dollars in thousands):
Three months ended March 31,
2025
Revenue$74,985 
Net income (loss) attributable to Franklin BSP Realty Trust, Inc.29,420