Two Harbors posts Q3 comprehensive loss of $56.8M; BV drops to $15.36; completed RoundPoint acquisition

TWO HARBORS INVESTMENT CORP.

2023-Q3 EPS reported $2.91

Comprehensive loss of $56.8M ($0.61/sh) vs GAAP net income $294M due to market-driven value changes.
Book value per share fell to $15.36 from $16.39; economic return -3.5%; Q3 dividend unchanged at $0.45/sh.
Closed acquisition of RoundPoint Mortgage Servicing; expects $25-30M accretion to pre-tax earnings in 2024.
MSR portfolio UPB $218.7B; settled $472.2M UPB flow-sale acquisitions; prepayment speeds declined.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

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

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

Exact text from the filing

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

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Source: SEC EDGAR

accession 0001465740-23-000131

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