Invesco Mortgage Q1 EPS $0.39 (down 54%); cuts dividend to $0.40; book value $12.61

Invesco Mortgage Capital Inc.

2023-Q1 EPS reported $0.39

Net income per common share $0.39 vs $0.84 in Q4; EAD per share $1.50 vs $1.46.
Common dividend reduced to $0.40 from $0.65; economic return 1.7% vs 5.0%.
Book value per share $12.61 at March 31; estimated $12.00-$12.48 at April 30.
Debt-to-equity increased to 5.8x; $5.4B portfolio in Agency RMBS; cash/unencumbered $463.9M.
CEO sees attractive Agency RMBS valuations and expects tailwind from end of Fed tightening.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Invesco Mortgage Capital Inc. reported the quarter ended March 31, 2023 results: EPS $0.39.

Period: the quarter ended March 31, 2023
EPS: $0.39
Result: reported results

Exact text from the filing

Invesco Mortgage Capital Inc. (NYSE: IVR) (the “Company”) today announced financial results for the quarter ended March 31, 2023.

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Invesco Mortgage Capital Inc. filing history →

Source: SEC EDGAR

accession 0001437071-23-000018

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