AGNC Investment Corp (AGNC) Tops Q1 EPS by 2c

AGNC Investment Corp (NASDAQ: AGNC) reported Q1 EPS of $0.57, $0.02 better than the analyst estimate of $0.55.

• $(3.61) comprehensive loss per common share, comprised of:
  • $(4.46) net loss per common share
  • $0.85 other comprehensive income (\"OCI\") per common share on investments marked-to-market through OCI
• $0.57 net spread and dollar roll income per common share, excluding estimated "catch-up" premium amortization cost 1
  • Includes $0.03 per common share of dollar roll income associated with the Company\'s $7.5 billion average net long position in forward purchases and sales of Agency mortgage-backed securities (\"MBS\") in the "to-be-announced" ("TBA") market
  • Excludes $(0.44) per common share of estimated "catch-up" premium amortization cost due to change in projected constant prepayment rate ("CPR") estimates
• $13.62 tangible net book value per common share as of March 31, 2020
  • Decreased $(4.04) per common share, or -22.9%, from $17.66 per common share as of December 31, 2019
• $0.48 dividends declared per common share for the first quarter
• -20.2% economic return on tangible common equity for the quarter
  • Comprised of $0.48 dividends per common share and $(4.04) decrease in tangible net book value per common share

For earnings history and earnings-related data on AGNC Investment Corp (AGNC) click here.

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