8-K
filed February 27, 2024, 6:59 PM ET
ticker EFC
CIK 0001411342
earnings
confidence high
sentiment negative
materiality 0.75
Ellington Financial Q4 net income $0.18/share; proposes monthly dividend cut to $0.13
Ellington Financial Inc.
2023-FY EPS reported
$0.89
- Q4 2023 net income to common $12.5M ($0.18/share); Adj. Distributable Earnings $18.9M ($0.27/share).
- Management recommends reducing monthly dividend from $0.15 to $0.13 starting March, implying 12.8% yield.
- Book value per share $13.83; merger with Arlington closed Dec 14 ~1.1% dilutive to book value.
- Credit portfolio net income $12.7M; Agency $14.6M; Longbridge net loss $3.4M.
- Recourse debt-to-equity 2.0:1; total debt-to-equity 8.6:1.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.
- Period
- quarter ended December 31, 2023
- Net income
- Adjusted Distributable Earnings of $18.9 million
- EPS
- $0.27 per common share
- Result
- reported results
Exact text from the filing
Net income attributable to common stockholders of $12.5 million, or $0.18 per common share. 1 ◦ $27.3 million, or $0.38 per common share, from the investment portfolio.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.
- Period
- quarter ended December 31, 2023
- Net income
- Adjusted Distributable Earnings of $18.9 million
- EPS
- $0.27 per common share
- Result
- reported results
Exact text from the filing
$14.6 million, or $0.20 per common share, from the Agency strategy.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.
- Period
- quarter ended December 31, 2023
- Net income
- Adjusted Distributable Earnings of $18.9 million
- EPS
- $0.27 per common share
- Result
- reported results
Exact text from the filing
Adjusted Distributable Earnings 2 of $18.9 million, or $0.27 per common share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Ellington Financial Inc. updated its quarter ended December 31, 2023 guidance (lowered).
- Period
- quarter ended December 31, 2023
- Guidance
- lowered
- Result
- guidance update
Exact text from the filing
Management expects to recommend to our board of directors a reduction of the monthly dividend from $0.15 to $0.13 per share, beginning in March
View on SEC.gov
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