earnings
confidence high
sentiment negative
materiality 0.75
Two Harbors Q3 comprehensive loss $80.2M; includes $175.1M litigation settlement; book value $11.04
TWO HARBORS INVESTMENT CORP.
2025-Q3 EPS
reported -$4.87
vs consensus $0.37
▼ miss
(-1430.2%)
- Comprehensive loss of $80.2M ($0.77 per share); GAAP net loss $141.2M ($1.36 per share).
- Recorded $175.1M litigation settlement expense with former external manager; excluding it, comprehensive income was $94.9M.
- Book value per share $11.04 (down 9.1% sequentially); declared $0.34 dividend, 13.8% annualized yield.
- Adjusted economic return of 7.6% excluding litigation; reported economic return (6.3)%, year-to-date (15.6)%.
- Settled $698M UPB of MSR through flow sales; boarded new subservicing client via $30B UPB transfer.