Two Harbors Q2 book value $16.39, GAAP net income $187.8M; dividend cut to $0.45

TWO HARBORS INVESTMENT CORP.

2023-Q2 EPS reported -$0.02

Book value per common share $16.39 vs $16.48 prior Q; quarterly economic return 2.2%.
GAAP net income $187.8M ($1.94/diluted share) vs prior Q loss of $189.2M.
core IXM earnings $0.60/share; EAD (distributable) -$0.04/share.
Q2 dividend declared $0.45/common share, down from $0.60 in Q1.
Repurchased 593,453 common shares at avg $11.89; settled $14.8B UPB of MSR.

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 0.92

TWO HARBORS INVESTMENT CORP. reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 31, 2023, Two Harbors Investment Corp. issued a press release announcing its financial results for the fiscal quarter ended June 30, 2023.

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TWO HARBORS INVESTMENT CORP. filing history →

Source: SEC EDGAR

accession 0001465740-23-000114

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