M&A
confidence high
sentiment positive
materiality 0.90
Two Harbors reports Q2 results; merger with CrossCountry Mortgage at $12.00/share to close Aug 3
TWO HARBORS INVESTMENT CORP.
- Merger with CrossCountry Mortgage (CCM) at $12.00 per share approved by stockholders; expected to close August 3, 2026.
- Declared stub period dividend of $0.12196 per common share for Q3 2026, subject to merger consummation.
- Q2 2026 comprehensive income of $47.9M ($0.45 per share); GAAP net income $49.4M ($0.47 per share).
- Book value per common share $10.68; declared Q2 dividend of $0.34 per share (4.3% quarterly economic return).
- MSR portfolio UPB $155.1B; debt-to-equity ratio 3.8:1.0; economic debt-to-equity 6.0:1.0.