ARBOR REALTY TRUST INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Interest income | $1,167,872 | $1,331,219 | $948,401 |
| Interest expense | 804,615 | 903,228 | 557,617 |
| Net interest income | 363,257 | 427,991 | 390,784 |
| Other revenue: | |||
| Gain on sales, including fee-based services, net | 74,932 | 72,522 | 55,816 |
| Mortgage servicing rights | 51,272 | 69,912 | 69,346 |
| Servicing revenue, net | 125,896 | 130,449 | 92,192 |
| Property operating income | 7,226 | 5,708 | 1,877 |
| (Loss) gain on derivative instruments, net | (8,543) | 6,763 | 26,609 |
| Other income (loss), net | 8,083 | 7,667 | (17,563) |
| Total other revenue | 258,866 | 293,021 | 228,277 |
| Other expenses: | |||
| Employee compensation and benefits | 181,694 | 159,788 | 161,825 |
| Selling and administrative | 54,931 | 51,260 | 53,990 |
| Property operating expenses | 7,394 | 5,897 | 2,136 |
| Depreciation and amortization | 9,555 | 9,743 | 8,732 |
| Provision for loss sharing (net of recoveries) | 11,782 | 15,695 | 1,862 |
| Provision for credit losses (net of recoveries) | 68,543 | 73,446 | 21,169 |
| Litigation settlement | — | — | 7,350 |
| Total other expenses | 333,899 | 315,829 | 257,064 |
| Income before extinguishment of debt, gain on real estate, income from equity affiliates and income taxes | 288,224 | 405,183 | 361,997 |
| Loss on extinguishment of debt | (412) | (1,561) | (4,933) |
| Gain on real estate | 3,813 | — | — |
| Income from equity affiliates | 5,772 | 24,281 | 14,247 |
| Provision for income taxes | (13,478) | (27,347) | (17,484) |
| Net income | 283,919 | 400,556 | 353,827 |
| Preferred stock dividends | 41,369 | 41,369 | 40,954 |
| Net income attributable to noncontrolling interest | 19,278 | 29,122 | 28,044 |
| Net income attributable to common stockholders | $223,272 | $330,065 | $284,829 |
| Basic earnings per common share | $1.18 | $1.79 | $1.72 |
| Diluted earnings per common share | $1.18 | $1.75 | $1.67 |
| Weighted average shares outstanding: | |||
| Basic | 188,701,149 | 184,641,642 | 165,355,167 |
| Diluted | 205,526,610 | 218,843,613 | 199,112,630 |
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