---
schema_version: "secwatch.filing_event.v1"
accession: "0001465740-24-000112"
form_type: "8-K"
ticker: "TWO"
cik: "0001465740"
company_name: "TWO HARBORS INVESTMENT CORP."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:29:25.594253+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001465740-24-000112
- form_type: 8-K
- ticker: TWO
- cik: 0001465740
- company_name: TWO HARBORS INVESTMENT CORP.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000112/0001465740-24-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000112/two-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001465740-24-000112
- JSON: https://secwatch.observer/filing/0001465740-24-000112.json
- Plain text: https://secwatch.observer/filing/0001465740-24-000112.txt

## Key facts
- Earnings Releases
  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
  source text: Two Harbors Investment Corp. Reports First Quarter 2024 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000112/0001465740-24-000112-index.htm

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