Ellington Financial Q1 net income $38.9M ($0.58/sh); book value $15.10

Ellington Financial Inc.

2023-Q1 EPS reported $0.58

Credit strategy contributed $35.5M ($0.53/sh); Agency $5.3M ($0.08/sh); Longbridge $6.5M ($0.10/sh).
Adjusted Distributable Earnings $30.3M ($0.45/sh); monthly dividend $0.15/sh.
Book value per share $15.10; economic return of 3.3% for the quarter.
Recourse debt-to-equity 2.1:1; overall 9.0:1; cash + unencumbered assets $617.7M.
Issued 4.0M shares of Series C preferred stock; repurchased common shares at discount to book value.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Ellington Financial Inc. reported quarter ended March 31, 2023 results: net income $38.9 million, EPS $0.58 per common share.

Period: quarter ended March 31, 2023
Net income: $38.9 million
EPS: $0.58 per common share
Result: reported results

Exact text from the filing

Net income attributable to common stockholders of $38.9 million, or $0.58 per common share.

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Ellington Financial Inc. filing history →

Source: SEC EDGAR

accession 0001411342-23-000094

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