---
schema_version: "secwatch.filing_event.v1"
accession: "0001465740-24-000161"
form_type: "8-K"
ticker: "TWO"
cik: "0001465740"
company_name: "TWO HARBORS INVESTMENT CORP."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:12:51.734722+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Two Harbors reports Q2 book value $15.19, flat economic return; dividend $0.45

## Summary
- Comprehensive income of $0.5M ($0.00 EPS); GAAP net income $44.6M ($0.43 EPS).
- Book value per share fell to $15.19 from $15.64 in Q1; H1 total economic return 5.8%.
- Repurchased $10M of convertible notes; increased ATM offering by 11.2M shares.
- MSR portfolio: sold $6.4B UPB, settled $327.8M flow acquisitions; post-Q2 bulk buy of $1.6B UPB.
- Debt-to-equity ratio 4.5x; economic debt-to-equity 6.8x; cost of financing 4.76% including hedges.

## SEC filing metadata
- accession: 0001465740-24-000161
- form_type: 8-K
- ticker: TWO
- cik: 0001465740
- company_name: TWO HARBORS INVESTMENT CORP.
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000161/0001465740-24-000161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000146574024000161/two-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001465740-24-000161
- JSON: https://secwatch.observer/filing/0001465740-24-000161.json
- Plain text: https://secwatch.observer/filing/0001465740-24-000161.txt

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