---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-22-000054"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:13:20.080152+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ellington Residential Q3 net loss of $13.7M ($1.04/sh); adjusted distributable earnings $0.23/sh

## Summary
- Net loss of $13.7M ($1.04 per share); adjusted distributable earnings of $3.0M ($0.23 per share).
- Book value per share fell to $7.78 as of Sept 30, 2022, including $0.24 in dividends.
- Debt-to-equity ratio rose to 9.1:1; net mortgage assets-to-equity ratio 7.5:1.
- Net interest margin (excl. catch-up adjustment) was 1.28%; weighted average CPR on fixed-rate Agency pools 9.8%.
- Monthly dividend of $0.08/sh declared on Nov 7; dividend yield 13.9% based on $6.89 close.

## SEC filing metadata
- accession: 0001560672-22-000054
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000156067222000054/0001560672-22-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067222000054/earn-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-22-000054
- JSON: https://secwatch.observer/filing/0001560672-22-000054.json
- Plain text: https://secwatch.observer/filing/0001560672-22-000054.txt

## Key facts
- Earnings Releases
  Ellington Credit Co reported quarter ended September 30, 2022 results: net income Net loss of $(13.7) million, or $(1.04) per share., EPS $(1.04) per share.
  - Period: quarter ended September 30, 2022
  - Net income: Net loss of $(13.7) million, or $(1.04) per share.
  - EPS: $(1.04) per share
  - Result: reported results
  source text: Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended September 30, 2022. Highlights • Net loss of $(13.7) million, or $(1.04) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000156067222000054/0001560672-22-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.