AGNC Q1 comprehensive income $0.48/share, tangible book value $8.84

AGNC Investment Corp.

2024-Q1 EPS reported $0.59

Comprehensive income $0.48/share ($0.59 net income, $(0.11) OCI); economic return on tangible common equity 5.7%.
Tangible net book value $8.84/share, up $0.14 (1.6%) from $8.70.
Declared $0.36 dividend per common share for Q1.
Investment portfolio $63.3B (Agency MBS $53.7B, TBA $8.4B, credit $1.1B); leverage 7.1x.
Raised $241M net proceeds via ATM issuance of 25.1M common shares.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AGNC Investment Corp. reported the quarter ended March 31, 2024 results: net income $0.59 net income per common share, EPS $0.59 net income per common share.

Period: the quarter ended March 31, 2024
Net income: $0.59 net income per common share
EPS: $0.59 net income per common share
Result: reported results

Exact text from the filing

The press release included the following financial information for the quarter: • Total comprehensive income for the first quarter of 2024 of $0.48 per share of common stock, comprised of $0.59 net income per common share and $(0.11) other comprehensive loss (“OCI”) per common share on investments marked-to-market through OCI; • Tangible net book value of $8.84 per share of common stock as of March 31, 2024, which amount excludes $526 million, or $0.73 per common share, of goodwill as of March 31, 2024; • $63.3 billion fair value of its investment portfolio as of March 31, 2024, inclusive of net forward purchases and sales of agency mortgage-backed securities, in the “to-be-announced” (“TBA”) market; • Tangible net book value “at risk” leverage ratio was 7.1x as of March 31, 2024.

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Source: SEC EDGAR

accession 0001423689-24-000037

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