earnings
confidence high
sentiment neutral
materiality 0.70
Two Harbors Q4 2022: Book value $17.72, comprehensive income $160.2M; MSR acquisition announced
TWO HARBORS INVESTMENT CORP.
2022-FY EPS reported
$2.13
- Book value of $17.72 per common share, up from $16.42 in Q3 2022; declared $0.60 dividend per share.
- Comprehensive income of $160.2M ($1.85 per basic share); GAAP net loss of $262.4M ($3.04 per share).
- Earnings Available for Distribution (EAD) of $22.2M ($0.26 per share); Income Excluding Market-Driven Value Changes $0.73 per share.
- Matrix Financial Services agreed to acquire RoundPoint Mortgage Servicing Corp; expected close Q3 2023.
- Post-quarter-end book value estimated up ~4% through Jan 31; issued 10M common shares for ~$175.6M net proceeds.