earnings
confidence high
sentiment neutral
materiality 0.75
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.