earnings
confidence high
sentiment negative
materiality 0.85
Two Harbors corrects Q2 financials: comprehensive loss $221.8M, contingency $199.9M
TWO HARBORS INVESTMENT CORP.
2025-Q2 EPS
reported -$3.51
vs consensus $0.37
▼ miss
(-1052.0%)
- Corrected calculation of total liabilities, interest expense, and MSR bulk purchases count in press release and presentation.
- Comprehensive loss of $221.8M ($2.13/share) including $199.9M litigation contingency for PRCM Advisers.
- Book value per common share $12.14; quarterly dividend $0.39/share; quarterly economic return on book value (14.5)%.
- Issued $115M of 9.375% Senior Notes due 2030; settled $6.6B UPB of MSR through four bulk purchases.
item 9.01