Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data

v3.19.3.a.u2
Quarterly Financial Data
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data Quarterly Financial Data - Unaudited
 
2019 Quarter Ended
(in thousands, except share data)
March 31
 
June 30
 
September 30
 
December 31
Total interest income
$
245,483

 
$
261,029

 
$
249,740

 
$
238,438

Total interest expense
163,525

 
192,443

 
191,077

 
167,284

Net interest income
81,958

 
68,586

 
58,663

 
71,154

Other-than-temporary impairment losses
(206
)
 
(4,848
)
 
(5,950
)
 
(3,308
)
Total other (loss) income
(70,176
)
 
(107,494
)
 
297,310

 
116,477

Total expenses
47,550

 
44,394

 
47,879

 
51,941

(Benefit from) provision for income taxes
(10,039
)
 
2,407

 
(3,556
)
 
(2,372
)
Dividends on preferred stock
18,950

 
18,950

 
18,951

 
18,950

Net (loss) income attributable to common stockholders
$
(44,885
)
 
$
(109,507
)
 
$
286,749

 
$
115,804

Basic (loss) earnings per weighted average common share
$
(0.18
)
 
$
(0.40
)
 
$
1.05

 
$
0.42

Diluted (loss) earnings per weighted average common share
$
(0.18
)
 
$
(0.40
)
 
$
1.00

 
$
0.41

 
2018 Quarter Ended
(in thousands, except share data)
March 31
 
June 30
 
September 30
 
December 31
Total interest income
$
194,019

 
$
187,360

 
$
236,698

 
$
251,955

Total interest expense
96,560

 
108,414

 
152,396

 
162,301

Net interest income
97,459

 
78,946

 
84,302

 
89,654

Other-than-temporary impairment losses
(94
)
 
(174
)
 
(95
)
 
(107
)
Total other income (loss)
281,982

 
93,174

 
112,514

 
(590,696
)
Total expenses
40,754

 
38,507

 
123,366

 
46,705

Provision for (benefit from) income taxes
3,784

 
(6,051
)
 
37,409

 
6,681

Dividends on preferred stock
13,747

 
13,747

 
18,951

 
18,950

Net income (loss) attributable to common stockholders
$
321,062

 
$
125,743

 
$
16,995

 
$
(573,485
)
Basic earnings (loss) per weighted average common share
$
1.83

 
$
0.72

 
$
0.08

 
$
(2.31
)
Diluted earnings (loss) per weighted average common share
$
1.69

 
$
0.68

 
$
0.08

 
$
(2.31
)