Invesco Mortgage Capital reports Q1 net income $0.49/share; book value rises to $10.08

Invesco Mortgage Capital Inc.

2024-Q1 EPS reported $0.49

Net income per common share $0.49 (Q4 2023: $0.46); common dividend maintained at $0.40.
Earnings available for distribution (non-GAAP) $0.86/share, down from $0.95 in Q4 2023.
Book value per common share $10.08 (+0.8% from Dec 2023); estimated $9.64–$10.04 as of May 3.
Portfolio 94.3% Agency RMBS; debt-to-equity 5.6x; CEO sees near-term caution but long-term support.
Shareholders re-elected directors and approved compensation and amended equity plan with >92% support.

item 2.02 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Invesco Mortgage Capital Inc. reported the quarter ended March 31, 2024 results: net income Net income per common share of $0.49, EPS $0.49 per common share.

Period: the quarter ended March 31, 2024
Net income: Net income per common share of $0.49
EPS: $0.49 per common share
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, 2024. • Net income per common share of $0.49 compared to $0.46 in Q4 2023

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Invesco Mortgage Capital Inc. shareholders approved Appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-05-07 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

The proposal was approved by the stockholders by 94% of the votes cast, and the voting results were as follows. There were no broker non-votes. Votes Cast “For” Votes Cast “Against” Abstentions 27,765,128 1,809,879 329,004

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.97

Invesco Mortgage Capital Inc. shareholders approved Election of a Board of Directors at the 2024-05-07 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

All the nominees for director were re-elected with at least 95% of the votes cast. With respect to each nominee, the total number of broker non-votes was 12,368,174. The table below sets forth the voting results for each director. Name of Nominee Votes Cast “For” Votes Cast “Against” Abstentions John S. Day 16,615,384 762,931 157,522

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Invesco Mortgage Capital Inc. shareholders approved Approval of the Amendment and Restatement of the Invesco Mortgage Capital Inc. 2009 Equity Incentive Plan at the 2024-05-07 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

Our stockholders approved the Amended and Restated Plan by an affirmative vote of 92% of the votes cast. The total number of broker non-votes was 12,368,174. Votes Cast “For” Votes Cast “Against” Abstentions 16,014,085 1,310,323 211,429

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Invesco Mortgage Capital Inc. shareholders approved Advisory vote on executive compensation at the 2024-05-07 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

Our stockholders approved, on an advisory, non-binding basis, the compensation of our named executive officers by the affirmative vote of 92% of the votes cast. The total number of broker non-votes was 12,368,174. The table below sets forth the voting results. Votes Cast “For” Votes Cast “Against” Abstentions 15,887,471 1,448,413 199,953

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Source: SEC EDGAR

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