earnings
confidence high
sentiment neutral
materiality 0.65
Two Harbors Q4 comprehensive loss $0.03/sh; book value $14.47; dividend $0.45 flat
TWO HARBORS INVESTMENT CORP.
2024-FY EPS reported
$2.37
- Comprehensive loss of $1.6M ($0.03/sh); GAAP net income $264.9M ($2.54/sh) on mark-to-market gains.
- Book value per share fell to $14.47 from $14.93; declared $0.45 dividend (flat q/q).
- Earnings Available for Distribution (EAD) of $21.2M ($0.20/sh), up from $13.2M in Q3.
- MSR portfolio fair value $2.99B; settled $2.5B UPB in acquisitions during Q4.
- Full year 2024 total economic return on book value of 7.0%; annualized Q4 dividend yield 15.2%.