2024 Q3 Form 10-Q Financial Statement

#000162828024034905 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $354.4M $362.3M
YoY Change -12.7% -9.64%
Cost Of Revenue $197.7M $209.2M
YoY Change -13.74% -7.91%
Gross Profit $156.7M $153.1M
YoY Change -11.35% -11.89%
Gross Profit Margin 44.21% 42.26%
Selling, General & Admin $13.14M $12.82M
YoY Change 6.26% -76.79%
% of Gross Profit 8.39% 8.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.943M $2.423M
YoY Change -15.52% 1.51%
% of Gross Profit 1.24% 1.58%
Operating Expenses $81.05M $93.56M
YoY Change 6.27% 18.14%
Operating Profit $75.60M $59.54M
YoY Change -24.72% -37.04%
Interest Expense $3.177M $2.793M
YoY Change -98.61% -49.77%
% of Operating Profit 4.2% 4.69%
Other Income/Expense, Net
YoY Change
Pretax Income $78.78M $65.73M
YoY Change -21.92% -33.52%
Income Tax $5.233M $3.901M
% Of Pretax Income 6.64% 5.93%
Net Earnings $73.55M $61.83M
YoY Change -22.63% -18.82%
Net Earnings / Revenue 20.75% 17.07%
Basic Earnings Per Share $0.31 $0.25
Diluted Earnings Per Share $0.31 $0.25
COMMON SHARES
Basic Shares Outstanding 188.5M shares 188.5M shares
Diluted Shares Outstanding 205.3M shares 205.5M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $687.5M $737.5M
YoY Change -23.18% -12.86%
Cash & Equivalents $687.5M $737.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $96.82M $105.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $784.4M $842.6M
YoY Change -29.15% -8.38%
LONG-TERM ASSETS
Property, Plant & Equipment $127.9M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $728.8M $727.1M
YoY Change 4.41% 2.1%
Other Assets $179.9M $218.2M
YoY Change -57.06% -45.01%
Total Long-Term Assets $13.10B $13.35B
YoY Change -11.48% -12.36%
TOTAL ASSETS
Total Short-Term Assets $784.4M $842.6M
Total Long-Term Assets $13.10B $13.35B
Total Assets $13.88B $14.20B
YoY Change -12.71% -12.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.47M $2.709M
YoY Change 1173.7% -23.82%
LONG-TERM LIABILITIES
Long-Term Debt $10.34B $10.63B
YoY Change -15.72% -15.7%
Other Long-Term Liabilities $350.9M $380.4M
YoY Change -10.02% -1.86%
Total Long-Term Liabilities $10.69B $11.01B
YoY Change -15.54% -15.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.47M $2.709M
Total Long-Term Liabilities $10.69B $11.01B
Total Liabilities $10.72B $11.01B
YoY Change -15.35% -16.17%
SHAREHOLDERS EQUITY
Retained Earnings $34.82M $57.89M
YoY Change -66.79% -46.18%
Common Stock $2.365B $2.363B
YoY Change -0.05% 3.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.034B $3.055B
YoY Change
Total Liabilities & Shareholders Equity $13.88B $14.20B
YoY Change -12.71% -12.13%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $73.55M $61.83M
YoY Change -22.63% -18.82%
Depreciation, Depletion And Amortization $1.943M $2.423M
YoY Change -15.52% 1.51%
Cash From Operating Activities $84.96M $69.93M
YoY Change 49.31% -55.85%
INVESTING ACTIVITIES
Capital Expenditures $2.526M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $230.7M $386.4M
YoY Change -40.93% 92.92%
Cash From Investing Activities $228.1M $386.4M
YoY Change -41.58% 92.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -401.4M -955.3M
YoY Change 6.72% 60.6%
NET CHANGE
Cash From Operating Activities 84.96M 69.93M
Cash From Investing Activities 228.1M 386.4M
Cash From Financing Activities -401.4M -955.3M
Net Change In Cash -88.27M -499.0M
YoY Change -223.8% 111.29%
FREE CASH FLOW
Cash From Operating Activities $84.96M $69.93M
Capital Expenditures $2.526M
Free Cash Flow $82.43M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3813000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2793000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5560000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4211000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
19886000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3901000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5553000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7493000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13582000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
61833000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
93332000 usd
us-gaap Profit Loss
ProfitLoss
135044000 usd
us-gaap Profit Loss
ProfitLoss
195578000 usd
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10342000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10342000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
20684000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
20684000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4094000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6826000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9090000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14411000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
47397000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
76164000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
105270000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
160483000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188655801 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181815469 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188683095 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181468002 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205487711 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216061876 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205499619 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215489604 shares
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.86
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.82
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3234308000 usd
CY2024Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
11408000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
528000 usd
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
81273000 usd
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10342000 usd
CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7007000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
61833000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3186639000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3254605000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
11408000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5686000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
162592000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
20684000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14012000 usd
us-gaap Profit Loss
ProfitLoss
135044000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3186639000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3157457000 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
26924000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
27761000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3175000 usd
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
76300000 usd
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10342000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6844000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
93332000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3159641000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3071879000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
109668000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
37432000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3964000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
149971000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
20684000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13361000 usd
us-gaap Profit Loss
ProfitLoss
195578000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3159641000 usd
us-gaap Profit Loss
ProfitLoss
135044000 usd
us-gaap Profit Loss
ProfitLoss
195578000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4994000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8772000 usd
abr Amortization And Accretion Of Interest Fees And Intangible Assets
AmortizationAndAccretionOfInterestFeesAndIntangibleAssets
-1928000 usd
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
33518000 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
2017127000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
2220661000 usd
abr Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
24733000 usd
abr Write Off Of Capitalized Mortgage Servicing Rights From Payoffs
WriteOffOfCapitalizedMortgageServicingRightsFromPayoffs
4418000 usd
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
4607000 usd
us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
48682000 usd
abr Loss Contingency Accrual Charge Offs Net
LossContingencyAccrualChargeOffsNet
-320000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6896000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4211000 usd
abr Distributions From Equity Affiliates
DistributionsFromEquityAffiliates
12029000 usd
abr Change In Fair Value Of Held For Sale Loans
ChangeInFairValueOfHeldForSaleLoans
-31000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-5533000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-3161000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1247000 usd
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
27000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3813000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
21897000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
329888000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101621000 usd
abr Payment For Loans And Investments Funded Originated And Purchased
PaymentForLoansAndInvestmentsFundedOriginatedAndPurchased
615518000 usd
abr Payment For Loans And Investments Funded Originated And Purchased
PaymentForLoansAndInvestmentsFundedOriginatedAndPurchased
867804000 usd
abr Increase Decrease In Customer Liability Deferred Revenue
IncreaseDecreaseInCustomerLiabilityDeferredRevenue
10594000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
13928000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
abr Proceeds From Payoffs And Paydowns Of Securities Held To Maturity
ProceedsFromPayoffsAndPaydownsOfSecuritiesHeldToMaturity
166000 usd
abr Due To Due From Borrowers And Reserves
DueToDueFromBorrowersAndReserves
35650000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
717993000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
4554034000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
4638895000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
4717137000 usd
abr Repayments Of Mortgage Notes Payable
RepaymentsOfMortgageNotesPayable
8900000 usd
abr Repayments Of Mortgage Notes Payable
RepaymentsOfMortgageNotesPayable
0 usd
abr Repayment Of Secured Loan Obligations
RepaymentOfSecuredLoanObligations
689715000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
109668000 usd
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
95000000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
149600000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5130000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
37432000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
184016000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6094000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1629375000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1134892000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-581494000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4937000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1537207000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1248165000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
955713000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1243228000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
928974000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
534357000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
608233000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
713808000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1537207000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
737485000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
846362000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
218228000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
396866000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
955713000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1243228000 usd
us-gaap Interest Paid Net
InterestPaidNet
413554000 usd
us-gaap Interest Paid Net
InterestPaidNet
426363000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16132000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11141000 usd
abr Real Estate Acquired Settlement Of Mortgage Loan
RealEstateAcquiredSettlementOfMortgageLoan
101250000 usd
abr Real Estate Acquired Settlement Of Mortgage Loan
RealEstateAcquiredSettlementOfMortgageLoan
0 usd
abr Settlement Of Mortgage Loan
SettlementOfMortgageLoan
-100250000 usd
abr Settlement Of Mortgage Loan
SettlementOfMortgageLoan
0 usd
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
95250000 usd
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 usd
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
95250000 usd
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
0 usd
abr Preferred Stock Amount Of Accrued Dividend
PreferredStockAmountOfAccruedDividend
7010000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that could materially affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The ultimate impact of inflation, currently high interest rate environment, bank failures, tightening of capital </span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">markets and reduced property values, both globally and to our business, makes any estimate or assumption at June 30, 2024 inherently less certain.</span></div>
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
11873208000 usd
CY2024Q2 abr Mortgage Loans On Real Estate Percentage
MortgageLoansOnRealEstatePercentage
1
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
783 loan
abr Mortgage Loans On Real Estate Weighted Average Interest Rate
MortgageLoansOnRealEstateWeightedAverageInterestRate
0.0779
CY2024Q2 abr First Dollar Ltv Ratio
FirstDollarLTVRatio
0.02
CY2024Q2 abr Last Dollar Ltv Ratio
LastDollarLTVRatio
0.79
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
238923000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-30341000 usd
CY2024Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
11603944000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
12615006000 usd
CY2023Q4 abr Mortgage Loans On Real Estate Percentage
MortgageLoansOnRealEstatePercentage
1
CY2023 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
747 loan
CY2023 abr Mortgage Loans On Real Estate Weighted Average Interest Rate
MortgageLoansOnRealEstateWeightedAverageInterestRate
0.0842
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
195664000 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-41536000 usd
CY2023Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
12377806000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
1988000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
1988000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
5700000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
5700000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
211942000 usd
CY2024Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
27469000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
488000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
238923000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
153077000 usd
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
15977000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
169054000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
195664000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
45247000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1988000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
238923000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
132559000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
36495000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
169054000 usd
CY2024Q1 abr Financing Receivable Nonaccrual Number Of Loans
FinancingReceivableNonaccrualNumberOfLoans
12 loan
CY2023Q4 abr Financing Receivable Nonaccrual Number Of Loans
FinancingReceivableNonaccrualNumberOfLoans
24 loan
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
489438000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
956917000 usd
CY2024Q2 abr Financing Receivable Nonaccrual Loans Progressed To Greater Than Sixty Days Past Due During Period
FinancingReceivableNonaccrualLoansProgressedToGreaterThanSixtyDaysPastDueDuringPeriod
263990000 usd
CY2024Q1 abr Financing Receivable Nonaccrual Loans Progressed To Greater Than Sixty Days Past Due During Period
FinancingReceivableNonaccrualLoansProgressedToGreaterThanSixtyDaysPastDueDuringPeriod
174860000 usd
CY2024Q2 abr Financing Receivable Nonaccrual Loans Modified Or Paid Off During Period Amount
FinancingReceivableNonaccrualLoansModifiedOrPaidOffDuringPeriodAmount
138548000 usd
CY2024Q1 abr Financing Receivable Nonaccrual Loans Modified Or Paid Off During Period Amount
FinancingReceivableNonaccrualLoansModifiedOrPaidOffDuringPeriodAmount
712922000 usd
CY2024Q2 abr Financing Receivable Nonaccrual Increase In Loans Experiencing Late And Partial Payments During The Period
FinancingReceivableNonaccrualIncreaseInLoansExperiencingLateAndPartialPaymentsDuringThePeriod
281038000 usd
CY2024Q1 abr Financing Receivable Nonaccrual Increase In Loans Experiencing Late And Partial Payments During The Period
FinancingReceivableNonaccrualIncreaseInLoansExperiencingLateAndPartialPaymentsDuringThePeriod
420303000 usd
CY2024Q2 abr Financing Receivable Nonaccrual Number Of Loans
FinancingReceivableNonaccrualNumberOfLoans
14 loan
CY2024Q1 abr Financing Receivable Nonaccrual Number Of Loans
FinancingReceivableNonaccrualNumberOfLoans
12 loan
CY2024Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
367938000 usd
us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
1400000 usd
CY2024Q2 abr Financing Receivable Loans Modified In Period Equity Reinvested
FinancingReceivableLoansModifiedInPeriodEquityReinvested
4900000 usd
CY2024Q1 abr Financing Receivable Loans Modified In Period Equity Reinvested
FinancingReceivableLoansModifiedInPeriodEquityReinvested
2000000.0 usd
CY2024Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
43800000 usd
CY2024Q2 abr Financing Receivable Modifications Refinancing And Or Extensions Made Considered Trouble Debt Restructuring Number Of Loans
FinancingReceivableModificationsRefinancingAndOrExtensionsMadeConsideredTroubleDebtRestructuringNumberOfLoans
0 loan
CY2023 abr Financing Receivable Modifications Refinancing And Or Extensions Made Considered Trouble Debt Restructuring Number Of Loans
FinancingReceivableModificationsRefinancingAndOrExtensionsMadeConsideredTroubleDebtRestructuringNumberOfLoans
0 loan
abr Financing Receivable Modifications Refinancing And Or Extensions Made Considered Trouble Debt Restructuring Number Of Loans
FinancingReceivableModificationsRefinancingAndOrExtensionsMadeConsideredTroubleDebtRestructuringNumberOfLoans
0 loan
CY2024Q2 abr Real Estate Investments Number Of Ownership Groups
RealEstateInvestmentsNumberOfOwnershipGroups
2 group
CY2023Q2 abr Number Of Loans Sold
NumberOfLoansSold
4 loan
abr Interest Reserve
InterestReserve
185400000 usd
CY2023 abr Interest Reserve
InterestReserve
156100000 usd
CY2024Q2 abr Interest Reserve Number Of Loans
InterestReserveNumberOfLoans
586 loan
CY2023Q4 abr Interest Reserve Number Of Loans
InterestReserveNumberOfLoans
537 loan
CY2024Q2 abr Interest Reserve Unpaid Principal Balance
InterestReserveUnpaidPrincipalBalance
8690000000 usd
CY2023Q4 abr Interest Reserve Unpaid Principal Balance
InterestReserveUnpaidPrincipalBalance
8440000000 usd
CY2024Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
347439000 usd
CY2023Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
552325000 usd
CY2024Q2 abr Fair Value Of Future Mortgage Servicing Rights
FairValueOfFutureMortgageServicingRights
4475000 usd
CY2023Q4 abr Fair Value Of Future Mortgage Servicing Rights
FairValueOfFutureMortgageServicingRights
7784000 usd
CY2024Q2 abr Unrealized Impairment Income Loss
UnrealizedImpairmentIncomeLoss
2020000 usd
CY2023Q4 abr Unrealized Impairment Income Loss
UnrealizedImpairmentIncomeLoss
1989000 usd
CY2024Q2 abr Loans Receivable Held For Sale Unearned Discount
LoansReceivableHeldForSaleUnearnedDiscount
7024000 usd
CY2023Q4 abr Loans Receivable Held For Sale Unearned Discount
LoansReceivableHeldForSaleUnearnedDiscount
6413000 usd
CY2024Q2 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
342870000 usd
CY2023Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
551707000 usd
CY2024Q2 abr Proceeds From Sale Of Loans Held For Sale Excluding Acquisition
ProceedsFromSaleOfLoansHeldForSaleExcludingAcquisition
1140000000 usd
abr Proceeds From Sale Of Loans Held For Sale Excluding Acquisition
ProceedsFromSaleOfLoansHeldForSaleExcludingAcquisition
2220000000 usd
CY2023Q2 abr Proceeds From Sale Of Loans Held For Sale Excluding Acquisition
ProceedsFromSaleOfLoansHeldForSaleExcludingAcquisition
1410000000 usd
abr Proceeds From Sale Of Loans Held For Sale Excluding Acquisition
ProceedsFromSaleOfLoansHeldForSaleExcludingAcquisition
2340000000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
0 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
0 usd
CY2024Q2 abr Number Of Bridge Loans Sold
NumberOfBridgeLoansSold
4 loan
CY2023Q4 abr Number Of Bridge Loans Sold
NumberOfBridgeLoansSold
4 loan
CY2024Q2 us-gaap Escrow Deposit
EscrowDeposit
1460000000 usd
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
1540000000 usd
CY2024Q2 abr Contractually Specified Servicing Fees Amount Gross
ContractuallySpecifiedServicingFeesAmountGross
31149000 usd
CY2023Q2 abr Contractually Specified Servicing Fees Amount Gross
ContractuallySpecifiedServicingFeesAmountGross
31081000 usd
abr Contractually Specified Servicing Fees Amount Gross
ContractuallySpecifiedServicingFeesAmountGross
62930000 usd
abr Contractually Specified Servicing Fees Amount Gross
ContractuallySpecifiedServicingFeesAmountGross
60288000 usd
CY2024Q2 abr Interest Earned On Escrows
InterestEarnedOnEscrows
17896000 usd
CY2023Q2 abr Interest Earned On Escrows
InterestEarnedOnEscrows
19509000 usd
abr Interest Earned On Escrows
InterestEarnedOnEscrows
35650000 usd
abr Interest Earned On Escrows
InterestEarnedOnEscrows
36516000 usd
CY2024Q2 us-gaap Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
383000 usd
CY2023Q2 us-gaap Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
2961000 usd
us-gaap Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
792000 usd
us-gaap Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
5036000 usd
CY2024Q2 abr Write Downs And Payoffs Mortgage Servicing Rights
WriteDownsAndPayoffsMortgageServicingRights
-2631000 usd
CY2023Q2 abr Write Downs And Payoffs Mortgage Servicing Rights
WriteDownsAndPayoffsMortgageServicingRights
-5599000 usd
abr Write Downs And Payoffs Mortgage Servicing Rights
WriteDownsAndPayoffsMortgageServicingRights
-4418000 usd
abr Write Downs And Payoffs Mortgage Servicing Rights
WriteDownsAndPayoffsMortgageServicingRights
-8907000 usd
CY2024Q2 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
16887000 usd
CY2023Q2 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
15605000 usd
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
33518000 usd
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
31020000 usd
CY2024Q2 abr Contractually Specified Servicing Fees Amount Net
ContractuallySpecifiedServicingFeesAmountNet
29910000 usd
CY2023Q2 abr Contractually Specified Servicing Fees Amount Net
ContractuallySpecifiedServicingFeesAmountNet
32347000 usd
abr Contractually Specified Servicing Fees Amount Net
ContractuallySpecifiedServicingFeesAmountNet
61436000 usd
abr Contractually Specified Servicing Fees Amount Net
ContractuallySpecifiedServicingFeesAmountNet
61913000 usd
CY2024Q2 abr Held To Maturity Securities Face Value
HeldToMaturitySecuritiesFaceValue
230330000 usd
CY2024Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
156080000 usd
CY2024Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
21089000 usd
CY2024Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
134991000 usd
CY2024Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
9132000 usd
CY2023Q4 abr Held To Maturity Securities Face Value
HeldToMaturitySecuritiesFaceValue
230495000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
155279000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
25889000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
129390000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
6256000 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
7597000 usd
CY2023Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
5025000 usd
CY2024Q2 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
1535000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
-491000 usd
CY2024Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
9132000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
4534000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
6256000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
3153000 usd
us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
2876000 usd
us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
1381000 usd
CY2024Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
9132000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
4534000 usd
CY2024Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
4600000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
8300000 usd
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
3900000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
7100000 usd
CY2024Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
72872000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
79303000 usd
CY2024Q2 abr Affiliates Debt Instrument Principal Outstanding
AffiliatesDebtInstrumentPrincipalOutstanding
14888000 usd
CY2023 abr Equity Method Indirect Ownership Percentage
EquityMethodIndirectOwnershipPercentage
0.123
abr Equity Method Indirect Ownership Percentage
EquityMethodIndirectOwnershipPercentage
0.123
CY2023Q4 abr Number Of Investments Purchased
NumberOfInvestmentsPurchased
4 loan
CY2024Q2 abr Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowings
3160384000 usd
CY2024Q2 abr Collateral Carrying Value
CollateralCarryingValue
4509926000 usd
CY2024Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0783
CY2023Q4 abr Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowings
3237827000 usd
CY2023Q4 abr Collateral Carrying Value
CollateralCarryingValue
4606657000 usd
abr Repayment Amount Of Outstanding Principal Amount Of Debt
RepaymentAmountOfOutstandingPrincipalAmountOfDebt
36700000 usd
CY2023 abr Repayment Amount Of Outstanding Principal Amount Of Debt
RepaymentAmountOfOutstandingPrincipalAmountOfDebt
43100000 usd
CY2024Q1 abr Line Of Credit Facility Number Of Facilities Consolidated
LineOfCreditFacilityNumberOfFacilitiesConsolidated
2 facility
us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
1
us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
1
us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
1
us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
1
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
Allowance for Loss-Sharing Obligations<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our allowance for loss-sharing obligations related to the Fannie Mae DUS program is as follows (in thousands):</span></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.972%"><tr><td style="width:1.0%"></td><td style="width:43.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.296%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.341%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.567%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.341%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.296%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.341%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.758%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Three Months Ended June 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Six Months Ended June 30,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning balance</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">72,790 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59,757 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">71,634 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57,168 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Provisions for loss sharing </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,714 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,724 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,773 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,290 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Provisions reversal for loan repayments</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(381)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(52)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(394)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,442)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Recoveries (charge-offs), net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(562)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(748)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(452)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,335)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ending balance</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">76,561 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">66,681 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">76,561 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">66,681 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">When a loan is sold under the Fannie Mae DUS program, we undertake an obligation to partially guarantee the performance of the loan. A liability is recognized for the fair value of the guarantee obligation undertaken for the non-contingent aspect of the guarantee and is removed only upon either the expiration or settlement of the guarantee. At June 30, 2024 and December 31, 2023, we had $34.8 million and $34.6 million, respectively, of guarantee obligations included in the allowance for loss-sharing obligations.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to and separately from the fair value of the guarantee, we estimate our allowance for loss-sharing under CECL over the contractual period in which we are exposed to credit risk. The current expected loss related to loss-sharing was based on a collective pooling basis with similar risk characteristics, a reasonable and supportable forecast and a reversion period based on our average historical losses through the remaining contractual term of the portfolio.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">When we settle a loss under the DUS loss-sharing model, the net loss is charged-off against the previously recorded loss-sharing obligation. The settled loss is often net of any previously advanced principal and interest payments in accordance with the DUS program, which are reflected as reductions to the proceeds needed to settle losses. At June 30, 2024 and December 31, 2023, we had outstanding advances of $1.3 million and $1.1 million, respectively, which were netted against the allowance for loss-sharing obligations. </span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June 30, 2024 and December 31, 2023, our allowance for loss-sharing obligations, associated with expected losses under CECL, was $41.8 million and $37.0 million, respectively, and represented 0.19% and 0.17%, respectively, of our Fannie Mae servicing portfolio. During the three and six months ended June 30, 2024, we recorded an increase in CECL reserves of $3.8 million and $4.9 million, respectively. During the three and six months ended June 30, 2023, we recorded an increase in CECL reserves of $6.9 million and $9.4 million, respectively.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June 30, 2024 and December 31, 2023, the maximum quantifiable liability associated with our guarantees under the Fannie Mae DUS agreement was $4.12 billion and $3.95 billion, respectively. The maximum quantifiable liability is not representative of the actual loss we would incur. We would be liable for this amount only if all of the loans we service for Fannie Mae, for which we retain some risk of loss, were to default and all of the collateral underlying these loans was determined to be without value at the time of settlement.</span></div>
CY2024Q2 abr Guarantee Obligations Included In Allowance For Loss Sharing Obligations
GuaranteeObligationsIncludedInAllowanceForLossSharingObligations
34800000 usd
CY2023Q4 abr Guarantee Obligations Included In Allowance For Loss Sharing Obligations
GuaranteeObligationsIncludedInAllowanceForLossSharingObligations
34600000 usd
CY2024Q2 abr Loss Sharing Obligations Allowance
LossSharingObligationsAllowance
41800000 usd
CY2023Q4 abr Loss Sharing Obligations Allowance
LossSharingObligationsAllowance
37000000.0 usd
abr Loss Sharing Obligations Percent
LossSharingObligationsPercent
0.0019
CY2023 abr Loss Sharing Obligations Percent
LossSharingObligationsPercent
0.0017
CY2024Q2 abr Impact Of Adopting Current Expected Credit Losses
ImpactOfAdoptingCurrentExpectedCreditLosses
3800000 usd
abr Impact Of Adopting Current Expected Credit Losses
ImpactOfAdoptingCurrentExpectedCreditLosses
4900000 usd
CY2023Q2 abr Impact Of Adopting Current Expected Credit Losses
ImpactOfAdoptingCurrentExpectedCreditLosses
6900000 usd
abr Impact Of Adopting Current Expected Credit Losses
ImpactOfAdoptingCurrentExpectedCreditLosses
9400000 usd
CY2024Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-400000 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-300000 usd
CY2024Q2 abr Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
14500000 usd
abr Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
24700000 usd
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-8100000 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-1000000.0 usd
CY2023Q2 abr Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
16200000 usd
abr Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
34700000 usd
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
11873208000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
12615006000 usd
CY2024Q2 abr Loans Held For Sale Receivable Gross Commercial Real Estate
LoansHeldForSaleReceivableGrossCommercialRealEstate
347439000 usd
CY2023Q4 abr Loans Held For Sale Receivable Gross Commercial Real Estate
LoansHeldForSaleReceivableGrossCommercialRealEstate
552325000 usd
CY2024Q2 abr Held To Maturity Securities Notional Amount
HeldToMaturitySecuritiesNotionalAmount
230330000 usd
CY2023Q4 abr Held To Maturity Securities Notional Amount
HeldToMaturitySecuritiesNotionalAmount
230495000 usd
CY2024Q2 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
152484000 usd
CY2023Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
447609000 usd
CY2024Q2 abr Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings Principal Amount
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowingsPrincipalAmount
3167067000 usd
CY2023Q4 abr Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings Principal Amount
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowingsPrincipalAmount
3242939000 usd
CY2024Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
306745000 usd
CY2023Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
138270000 usd
us-gaap Financing Receivable Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivablePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
140400000 usd
CY2024Q2 abr Impaired Financing Receivable With Related Allowance Number Of Loans
ImpairedFinancingReceivableWithRelatedAllowanceNumberOfLoans
25 loan
CY2024Q2 abr Impaired Financing Receivables Carrying Amount
ImpairedFinancingReceivablesCarryingAmount
558100000 usd
CY2024Q2 abr Unrealized Impairment Loss On Impaired Loans Held For Sale
UnrealizedImpairmentLossOnImpairedLoansHeldForSale
2000000.0 usd
CY2024Q2 abr Impairment Loss With Related Allowance Number Of Loans
ImpairmentLossWithRelatedAllowanceNumberOfLoans
5 loan
abr Unrealized Impairment Losses Before Carrying Value
UnrealizedImpairmentLossesBeforeCarryingValue
18700000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1071000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3097000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
428000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
354000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
14006000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
17688000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
23442000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
32754000 usd
CY2024Q2 abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Realized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRealized
12935000 usd
CY2023Q2 abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Realized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRealized
14591000 usd
abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Realized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRealized
23014000 usd
abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Realized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRealized
32400000 usd
CY2024Q2 abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Unrealized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsUnrealized
1066000 usd
CY2023Q2 abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Unrealized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsUnrealized
757000 usd
abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Unrealized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsUnrealized
1066000 usd
abr Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Unrealized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsUnrealized
757000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1066000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
757000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1066000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
757000 usd
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
-5541000 usd
abr Effect Of Interest Rate Movement
EffectOfInterestRateMovement
0 usd
abr Unrealized Impairment Loss
UnrealizedImpairmentLoss
2020000 usd
abr Derivative Fair Value Adjustment
DerivativeFairValueAdjustment
3521000 usd
CY2024Q2 abr Collateral Cash Required Per Securitization
CollateralCashRequiredPerSecuritization
5000000.0 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5000000.0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
808418000 usd
CY2024Q2 abr Operating Leases Future Minimum Payments Due Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsDueRemainderOfFiscalYear
5434000 usd
CY2024Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
813852000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4103439000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11081000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
4114520000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4231879000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11297000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
4243176000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1117258000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9782000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
1127040000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
180000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9093000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
189093000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8576000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
8576000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
154336000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
19308000 usd
CY2024Q2 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
173644000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
10595330000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
74571000 usd
CY2024Q2 us-gaap Contractual Obligation
ContractualObligation
10669901000 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
2800000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
5500000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
2600000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
5200000 usd
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
935739 shares
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
11400000 usd
CY2024Q2 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
12.19
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
47397000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
47397000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
76164000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
76164000 usd
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