Quarterly report pursuant to Section 13 or 15(d)

Interest Income and Interest Expense

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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)