earnings
confidence high
sentiment positive
materiality 0.70
Ellington Financial Q4 2022 net income $22.7M; book value $15.05 per share
Ellington Financial Inc.
2022-FY EPS reported
-$1.43
- Net income attributable to common stockholders of $22.7M ($0.37 per share); Adjusted Distributable Earnings of $26.0M ($0.42 per share).
- Book value per common share $15.05 as of Dec 31, 2022; monthly dividend of $0.15 per share declared.
- Credit portfolio decreased 7% to $2.544B; Agency RMBS portfolio decreased 15% to $968.3M.
- Longbridge contributed $14.5M net income; reverse mortgage platform performed well.
- Recourse debt-to-equity ratio 2.5:1; total debt-to-equity 10.2:1 including non-recourse borrowings.