earnings
confidence high
sentiment neutral
materiality 0.70
Two Harbors Q3 comprehensive income $19.3M; GAAP net loss $250M; book value $14.93
TWO HARBORS INVESTMENT CORP.
2024-Q3 EPS reported
-$0.14
- Comprehensive income $19.3M ($0.18/share); GAAP net loss $250.3M ($2.42/share) due to mark-to-market on MSR and RMBS.
- Book value per common share $14.93, down from $15.19 in Q2; declared dividend $0.45; economic return on BV 1.3% for Q3.
- Settled $3.3B UPB of MSR acquisitions in Q3; post-quarter committed to purchase additional $2.1B UPB bulk.
- Launched direct-to-consumer originations: funded $22.4M UPB in first lien loans, brokered $7.5M in second lien.