Two Harbors Q1 book value $15.64/shr, comprehensive income $89.4M ($0.85/shr)

TWO HARBORS INVESTMENT CORP.

2024-Q1 EPS reported $1.73

Book value per common share $15.64, up from $15.21 in Q4 2023; quarterly economic return on book value of 5.8%.
GAAP net income $192.4M ($1.85/shr) vs loss of $444.7M in Q4 2023; comprehensive income $89.4M ($0.85/shr).
Earnings available for distribution (EAD) of $4.7M ($0.05/shr); common dividend declared $0.45/shr.
MSR portfolio grew to $3.08B (27.4% of total portfolio) with $3.1B UPB settled via bulk and flow acquisitions.
Repurchased 485,609 preferred shares across Series A, B, and C to reduce preferred equity ratio.

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 0.9

TWO HARBORS INVESTMENT CORP. reported the fiscal quarter ended March 31, 2024 results: net income GAAP Net Income (Loss) $ 192,448, EPS $1.85.

Period: the fiscal quarter ended March 31, 2024
Net income: GAAP Net Income (Loss) $ 192,448
EPS: $1.85
Result: reported results

Exact text from the filing

Two Harbors Investment Corp. Reports First Quarter 2024 Financial Results

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TWO HARBORS INVESTMENT CORP. filing history →

Source: SEC EDGAR

accession 0001465740-24-000112

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