|
Revenue from real estate owned operations
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$7.8m
|
$30.7m
|
$34.3m
|
|
Interest income
|
|
$198.9m
|
$265.6m
|
$339.8m
|
$283.7m
|
$240.2m
|
$302.9m
|
$362.6m
|
$307.1m
|
$290.2m
|
|
Net interest income
|
|
$120.6m
|
$139.6m
|
$165.0m
|
$176.4m
|
$155.1m
|
$142.1m
|
$88.7m
|
$108.3m
|
$103.8m
|
|
Other income, net
|
|
$1.7m
|
$1.3m
|
$1.8m
|
$537k
|
$560k
|
$2.8m
|
$19.9m
|
$14.1m
|
$8.1m
|
|
Professional fees
|
|
$3.1m
|
$3.2m
|
$3.7m
|
$9.0m
|
$4.8m
|
$4.7m
|
$6.7m
|
$5.8m
|
$5.8m
|
|
General and administrative
|
|
$3.0m
|
$4.0m
|
$5.6m
|
$3.6m
|
$4.4m
|
$4.4m
|
$3.8m
|
$4.3m
|
$4.3m
|
|
Servicing and asset management fees
|
|
$3.1m
|
$2.6m
|
$1.8m
|
$1.2m
|
$1.6m
|
$2.0m
|
$1.4m
|
$1.9m
|
$1.8m
|
|
Management fee
|
|
$14.1m
|
$19.4m
|
$21.6m
|
$20.8m
|
$21.5m
|
$23.5m
|
$22.4m
|
$20.2m
|
$20.9m
|
|
Gain on sale of real estate owned, net
|
|
—
|
—
|
—
|
$0
|
$15.8m
|
$13.3m
|
$7.0m
|
$0
|
$7.0m
|
|
Income (loss) before income taxes
|
|
$94.5m
|
$107.3m
|
$126.9m
|
($136.5m)
|
$139.6m
|
($59.5m)
|
($116.4m)
|
$74.7m
|
$60.7m
|
|
Preferred stock dividends and participating securities' share in earnings
|
|
—
|
—
|
($691k)
|
($18.7m)
|
($19.9m)
|
($13.6m)
|
($14.3m)
|
($14.7m)
|
($14.8m)
|
|
Basic (in shares)
|
|
$54.2m
|
$63.0m
|
$72.7m
|
$76.7m
|
$77.0m
|
$77.3m
|
$77.6m
|
$79.8m
|
$79.3m
|
|
Diluted (in shares)
|
|
$54.2m
|
$63.0m
|
$72.7m
|
$76.7m
|
$81.7m
|
$77.3m
|
$77.6m
|
$79.9m
|
$79.4m
|
|
Total other revenue
|
|
$1.7m
|
$1.3m
|
$1.8m
|
$537k
|
$560k
|
$2.8m
|
$27.7m
|
$44.8m
|
$42.3m
|
|
Net income (loss)
|
|
$94.4m
|
$106.9m
|
$126.3m
|
($136.8m)
|
$138.6m
|
($60.1m)
|
($116.6m)
|
$74.3m
|
$60.3m
|
|
Net income (loss) attributable to common stockholders
|
|
$94.3m
|
$106.9m
|
$126.3m
|
($151.5m)
|
$70.7m
|
($73.6m)
|
($130.9m)
|
$59.7m
|
$45.5m
|
|
Comprehensive net income (loss)
|
|
$93.1m
|
$105.0m
|
$129.3m
|
($137.9m)
|
$138.6m
|
($60.1m)
|
($116.6m)
|
$74.3m
|
$60.3m
|
|
Earnings per common share, basic (in USD per share)
|
|
$1.74
|
$1.70
|
$1.73
|
($2.03)
|
$0.92
|
($0.95)
|
($1.69)
|
$0.75
|
$0.57
|
|
Earnings per common share, diluted (in USD per share)
|
|
$1.74
|
$1.70
|
$1.73
|
($2.03)
|
$0.87
|
($0.95)
|
($1.69)
|
$0.75
|
$0.57
|
|
Interest expense
|
|
($78.3m)
|
($126.0m)
|
($174.8m)
|
($107.2m)
|
($85.1m)
|
($160.8m)
|
($273.9m)
|
($198.9m)
|
($186.5m)
|
|
Stock compensation expense
|
|
—
|
$665k
|
$2.6m
|
$5.8m
|
$5.8m
|
$5.1m
|
$8.0m
|
$6.4m
|
$9.8m
|
|
Expenses from real estate owned operations
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$7.5m
|
$35.6m
|
$35.9m
|
|
Credit loss expense, net
|
|
—
|
—
|
—
|
($69.8m)
|
($6.3m)
|
($173.0m)
|
$189.9m
|
($4.1m)
|
($13.9m)
|
|
Income tax expense, net
|
|
($146k)
|
($340k)
|
($579k)
|
($305k)
|
($1.1m)
|
($530k)
|
($259k)
|
($399k)
|
($378k)
|
|
Total other expenses
|
|
$27.8m
|
$33.6m
|
$39.8m
|
$40.3m
|
$38.1m
|
$44.8m
|
$49.9m
|
$74.2m
|
$78.5m
|