earnings
confidence high
sentiment positive
materiality 0.70
Ellington Financial Q4 net income $22.4M ($0.25/shr); adj distributable earnings $0.45/share
Ellington Financial Inc.
2024-FY EPS reported
$1.36
- Net income to common stockholders $22.4M ($0.25/shr); adjusted distributable earnings $40.6M ($0.45/shr).
- Book value per share $13.52; monthly dividend $0.13 declared Feb 10, 2025, yield 11.7%.
- Credit portfolio grew 5% QoQ to $3.42B; closed-end second/HELOC, commercial mortgage loans up 39% combined.
- Longbridge segment net gain to common stockholders $26.8M, driven by strong originations and securitization gains.
- Recourse debt-to-equity ratio 1.8:1; completed four securitizations across three product lines during Q4.