---
schema_version: "secwatch.filing_event.v1"
accession: "0001465740-22-000075"
form_type: "8-K"
ticker: "TWO"
cik: "0001465740"
company_name: "TWO HARBORS INVESTMENT CORP."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:21:18.021825+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Two Harbors Q3 comprehensive loss $287.8M; book value falls 16.2% to $16.42

## Summary
- Comprehensive loss of $287.8M ($3.35 per share); book value declined 16.2% to $16.42 per share.
- Earnings available for distribution (EAD) of $55.2M ($0.64 per share) vs $0.68 dividend declared.
- GAAP debt-to-equity rose to 5.5x from 3.8x; economic debt-to-equity to 7.5x from 6.4x.
- Sold ~$20B UPB of MSR during quarter; post-quarter repurchased ~2.9M preferred shares adding $0.26 to BV.
- Effective Nov 1, 2022, completed 1-for-4 reverse stock split; convertible note conversion rate adjusted to 33.8752 shares per $1,000 principal.

## SEC filing metadata
- accession: 0001465740-22-000075
- form_type: 8-K
- ticker: TWO
- cik: 0001465740
- company_name: TWO HARBORS INVESTMENT CORP.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000146574022000075/0001465740-22-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000146574022000075/two-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001465740-22-000075
- JSON: https://secwatch.observer/filing/0001465740-22-000075.json
- Plain text: https://secwatch.observer/filing/0001465740-22-000075.txt

## Key facts
- Earnings Releases
  TWO HARBORS INVESTMENT CORP. reported the quarter ended September 30, 2022 results: net income Comprehensive Loss of $287.8 million, or $(3.35) per weighted average basic common share.
  - Period: the quarter ended September 30, 2022
  - Net income: Comprehensive Loss of $287.8 million, or $(3.35) per weighted average basic common share
  - Result: reported results
  source text: On November 8, 2022, Two Harbors Investment Corp. issued a press release announcing its financial results for the fiscal quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000146574022000075/0001465740-22-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.