Ellington Residential Q4 net income $0.88/shr; book value $8.40; ADE $0.25/shr

Ellington Credit Co

Net income $11.7M ($0.88/shr) vs dividends $0.24/shr; non-annualized economic return 11.1%.
Adjusted Distributable Earnings $3.3M ($0.25/shr); net interest margin 1.37%.
Book value $8.40/shr as of Dec 31, 2022; debt-to-equity 7.5:1 (adjusted 7.6:1).
Agency RMBS portfolio $863.3M, down 5% QoQ; turnover 18%; pay-ups increased to 1.26%.
CEO cites strong Q4 rebound in Agency RMBS; plans to rotate capital into non-Agency opportunities.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ellington Credit Co reported the quarter ended December 31, 2022 results: net income $11.7 million, or $0.88 per share, EPS $0.88 per share.

Period: the quarter ended December 31, 2022
Net income: $11.7 million, or $0.88 per share
EPS: $0.88 per share
Result: reported results

Exact text from the filing

Ellington Residential Mortgage REIT Reports Fourth Quarter 2022 Results OLD GREENWICH, Connecticut—March 6, 2023 Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended December 31, 2022. Highlights • Net income of $11.7 million, or $0.88 per share.

View on SEC.gov

Browse all earnings releases →

Ellington Credit Co filing history →

Source: SEC EDGAR

accession 0001560672-23-000013

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.