Interest Income and Interest Expense

3 Months Ended

Mar. 31, 2024

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 months ended March 31, 2024 and 2023.

	Three Months Ended
	March 31,
	2024		2023
Interest income:
Available-for-sale securities	$	100,605	$	97,038
Other	17,178		19,555
Total interest income	117,783		116,593
Interest expense:
Repurchase agreements	118,716		104,355
Revolving credit facilities	30,247		25,656
Term notes payable	6,418		7,643
Convertible senior notes	4,619		4,836
Total interest expense	160,000		142,490
Net interest (expense) income	$	(42,217)	$	(25,897)