earnings
confidence high
sentiment negative
materiality 0.60
AGNC Q4 2021 comprehensive loss $(0.31)/share; tangible book value falls to $15.75
AGNC Investment Corp.
2021-FY EPS reported
$1.22
- Comprehensive loss per common share of $(0.31), comprised of net loss $(0.10) and OCI $(0.21).
- Net spread and dollar roll income of $0.75/share ex-catch-up ($0.31 from TBA dollar roll).
- Tangible net book value $15.75 at Dec 31, down $0.66 (-4.0%) from Sep 30; $0.36 dividend declared.
- Q4 economic return on tangible common equity was -1.8%; full year 2021 economic return was 2.9%.
- Accretive share repurchases: $42M in Q4 (2.7M shares); $257M for full year 2021 (16.1M shares).