secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Financial Inc. (EFC)
CIK:        0001411342
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001411342-24-000050
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Financial Q1 2024 net income $26.9M ($0.32/sh); book value $13.69; adjusted distributable earnings $0.28/sh
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- Net income attributable to common stockholders of $26.9M, or $0.32 per common share; investment portfolio contributed $43.0M ($0.51/sh).
- Adjusted Distributable Earnings of $23.7M, or $0.28 per common share; book value per share $13.69.
- Credit portfolio grew to $2.80B (excluding non-retained tranches); Agency RMBS decreased 22% to $662.6M.
- Longbridge segment net income $8.7M; completed inaugural proprietary reverse mortgage securitization.
- Debt-to-equity ratio (recourse adjusted) improved to 1.8:1; cash and unencumbered assets of $732M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1411342/000141134224000050/0001411342-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1411342/000141134224000050/efc-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001411342-24-000050

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