| Quarterly Financial Information |
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2018 Quarter Ended |
(in thousands, except share data) |
March 31 |
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June 30 |
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September 30 |
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December 31 |
Total interest income |
$ |
194,019 |
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$ |
187,360 |
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$ |
236,698 |
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$ |
251,955 |
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Total interest expense |
96,560 |
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|
108,414 |
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|
152,396 |
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|
162,301 |
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Net interest income |
97,459 |
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|
78,946 |
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|
84,302 |
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|
89,654 |
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Other-than-temporary impairment losses |
(94 |
) |
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(174 |
) |
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(95 |
) |
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(107 |
) |
Total other income (loss) |
281,982 |
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|
93,174 |
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|
112,514 |
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(590,696 |
) |
Total expenses |
40,754 |
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|
38,507 |
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|
123,366 |
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|
46,705 |
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Provision for (benefit from) income taxes |
3,784 |
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(6,051 |
) |
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37,409 |
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|
6,681 |
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Dividends on preferred stock |
13,747 |
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|
13,747 |
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|
18,951 |
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|
18,950 |
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Net income (loss) attributable to common stockholders |
$ |
321,062 |
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$ |
125,743 |
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$ |
16,995 |
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$ |
(573,485 |
) |
Basic earnings per share: |
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Continuing operations |
$ |
1.83 |
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$ |
0.72 |
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$ |
0.08 |
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$ |
(2.31 |
) |
Net income (loss) |
$ |
1.83 |
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$ |
0.72 |
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$ |
0.08 |
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$ |
(2.31 |
) |
Diluted earnings per share: |
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Continuing operations |
$ |
1.69 |
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$ |
0.68 |
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$ |
0.08 |
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$ |
(2.31 |
) |
Net income (loss) |
$ |
1.69 |
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$ |
0.68 |
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$ |
0.08 |
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$ |
(2.31 |
) |
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2017 Quarter Ended |
(in thousands, except share data) |
March 31 |
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June 30 |
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September 30 |
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December 31 |
Total interest income |
$ |
169,154 |
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$ |
184,741 |
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$ |
196,089 |
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$ |
195,105 |
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Total interest expense |
70,685 |
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85,281 |
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99,427 |
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|
94,795 |
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Net interest income |
98,469 |
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|
99,460 |
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|
96,662 |
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|
100,310 |
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Other-than-temporary impairment losses |
— |
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(429 |
) |
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— |
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(360 |
) |
Total other (loss) income |
(35,585 |
) |
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(57,197 |
) |
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23,060 |
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|
103,288 |
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Total expenses |
28,870 |
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38,614 |
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31,844 |
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30,593 |
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(Benefit from) provision for income taxes |
(24,517 |
) |
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8,759 |
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(5,342 |
) |
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10,618 |
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Income from discontinued operations (net of noncontrolling), net of tax |
13,454 |
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14,157 |
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|
8,844 |
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|
3,877 |
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Dividends on preferred stock |
— |
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|
4,285 |
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|
8,888 |
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|
11,949 |
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Net income attributable to common stockholders |
$ |
71,985 |
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$ |
4,333 |
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$ |
93,176 |
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$ |
153,955 |
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Basic earnings per share: |
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Continuing operations |
$ |
0.33 |
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$ |
(0.06 |
) |
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$ |
0.48 |
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$ |
0.86 |
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Discontinued operations |
0.08 |
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0.08 |
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0.05 |
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|
0.02 |
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Net income |
$ |
0.41 |
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$ |
0.02 |
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$ |
0.53 |
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$ |
0.88 |
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Diluted earnings per share: |
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Continuing operations |
$ |
0.33 |
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$ |
(0.06 |
) |
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$ |
0.47 |
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$ |
0.82 |
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Discontinued operations |
0.08 |
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0.08 |
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0.05 |
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0.02 |
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Net income |
$ |
0.41 |
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$ |
0.02 |
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$ |
0.52 |
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$ |
0.84 |
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