earnings
confidence high
sentiment neutral
materiality 0.60
Two Harbors reports Q1 comprehensive income $64.9M ($0.62/share); book value $14.66; GAAP net loss $92.2M
TWO HARBORS INVESTMENT CORP.
2025-Q1 EPS reported
-$0.89
- Book value per common share $14.66, up from $14.47 at Dec 2024; quarterly dividend $0.45 (4.4% economic return).
- Comprehensive income $64.9M vs loss $1.6M in Q4 2024; GAAP net loss $92.2M ($0.89) vs income $264.9M ($2.54).
- Earnings available for distribution (non-GAAP) $25.1M ($0.24) vs $21.2M ($0.20) in Q4.
- Settled $174.9M UPB of MSR via flow acquisitions; post-quarter committed to $1.7B UPB via two bulk deals.
- MSR 60+ day delinquencies 0.85% (up from 0.69%); 3-month CPR 4.2% vs 3.9% year ago.