---
schema_version: "secwatch.filing_event.v1"
accession: "0001465740-24-000042"
form_type: "8-K"
ticker: "TWO"
cik: "0001465740"
company_name: "TWO HARBORS INVESTMENT CORP."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T15:51:21.957929+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Two Harbors reports Q4 2023 book value $15.21, comprehensive income $38.9M ($0.40/share), dividend $0.45

## Summary
- Book value per common share $15.21; quarterly dividend $0.45 per share; 2.0% quarterly economic return on book value.
- Comprehensive income $38.9 million ($0.40 per basic share); IXM (non-GAAP) $0.39 per share.
- Issued 7.0M common shares via ATM for $97.8 million; repurchased 221,806 preferred shares.
- Portfolio: $11.4B Agency RMBS and MSR; net TBA position $3.2B; economic debt-to-equity 6.0:1.
- MSR UPB $215.6B, net servicing fee 25.3 bps; 60+ day delinquencies 0.7%; fair value losses $172.6M.

## SEC filing metadata
- accession: 0001465740-24-000042
- form_type: 8-K
- ticker: TWO
- cik: 0001465740
- company_name: TWO HARBORS INVESTMENT CORP.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000042/0001465740-24-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000042/two-20240129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001465740-24-000042
- JSON: https://secwatch.observer/filing/0001465740-24-000042.json
- Plain text: https://secwatch.observer/filing/0001465740-24-000042.txt

## Key facts
- Earnings Releases
  TWO HARBORS INVESTMENT CORP. reported Q4 2023 results: net income -444693, EPS -4.56.
  - Period: Q4 2023
  - Net income: -444693
  - EPS: -4.56
  - Result: reported results
  source text: GAAP Net (Loss) Income $ (444,693) $ (4.56) (120.4) % $ 294,077 $ 3.04 75.0 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000042/0001465740-24-000042-index.htm

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