v3.26.1
Interest Income and Interest Expense
 6 Months Ended
Jun. 30, 2026
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, 2026 and 2025:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Interest income:
Available-for-sale securities$76,516 $108,842 $157,203 $209,260 
Mortgage loans held-for-sale153 145 322 198 
Other6,867 8,095 14,661 19,006 
Total interest income83,536 117,082 172,186 228,464 
Interest expense:
Repurchase agreements69,556 110,288 144,083 217,366 
Revolving credit facilities16,339 20,343 32,689 40,469 
Warehouse lines of credit
89 129 198 184 
Senior notes2,845 1,496 5,686 1,496 
Convertible senior notes— 4,445 710 8,900 
Other
728 — 1,352 — 
Total interest expense89,557 136,701 184,718 268,415 
Net interest expense
$(6,021)$(19,619)$(12,532)$(39,951)