ARBOR REALTY TRUST INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
ABR$1.60-0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
($ in thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Interest income | $1,331,219 | $948,401 | $466,087 |
| Interest expense | 903,228 | 557,617 | 212,005 |
| Net interest income | 427,991 | 390,784 | 254,082 |
| Other revenue: | |||
| Gain on sales, including fee-based services, net | 72,522 | 55,816 | 123,037 |
| Mortgage servicing rights | 69,912 | 69,346 | 130,230 |
| Servicing revenue, net | 130,449 | 92,192 | 74,814 |
| Property operating income | 5,708 | 1,877 | 185 |
| Gain (loss) on derivative instruments, net | 6,763 | 26,609 | (2,684) |
| Other income (loss), net | 7,667 | (17,563) | 7,566 |
| Total other revenue | 293,021 | 228,277 | 333,148 |
| Other expenses: | |||
| Employee compensation and benefits | 159,788 | 161,825 | 171,796 |
| Selling and administrative | 51,260 | 53,990 | 45,575 |
| Property operating expenses | 5,897 | 2,136 | 718 |
| Depreciation and amortization | 9,743 | 8,732 | 7,215 |
| Provision for loss sharing (net of recoveries) | 15,695 | 1,862 | (6,167) |
| Provision for credit losses (net of recoveries) | 73,446 | 21,169 | (21,113) |
| Litigation settlement | — | 7,350 | — |
| Total other expenses | 315,829 | 257,064 | 198,024 |
| Income before extinguishment of debt, gain on real estate, income from equity affiliates and income taxes | 405,183 | 361,997 | 389,206 |
| Loss on extinguishment of debt | (1,561) | (4,933) | (3,374) |
| Gain on sale of real estate | — | — | 3,693 |
| Income from equity affiliates | 24,281 | 14,247 | 34,567 |
| Provision for income taxes | (27,347) | (17,484) | (46,285) |
| Net income | 400,556 | 353,827 | 377,807 |
| Preferred stock dividends | 41,369 | 40,954 | 21,888 |
| Net income attributable to noncontrolling interest | 29,122 | 28,044 | 38,507 |
| Net income attributable to common stockholders | $330,065 | $284,829 | $317,412 |
| Basic earnings per common share | $1.79 | $1.72 | $2.30 |
| Diluted earnings per common share | $1.75 | $1.67 | $2.28 |
| Weighted average shares outstanding: | |||
| Basic | 184,641,642 | 165,355,167 | 137,830,691 |
| Diluted | 218,843,613 | 199,112,630 | 156,089,595 |
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