secwatch.observer — SEC 8-K summary
======================================

Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001465740-25-000100
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors reports Q1 comprehensive income $64.9M ($0.62/share); book value $14.66; GAAP net loss $92.2M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000146574025000100/0001465740-25-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000146574025000100/two-20250428.htm
  HTML page:      https://secwatch.observer/filing/0001465740-25-000100

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer