---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-23-000013"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:34:42.313999+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001560672-23-000013
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1560672/000156067223000013/0001560672-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067223000013/earn-20230306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-23-000013
- JSON: https://secwatch.observer/filing/0001560672-23-000013.json
- Plain text: https://secwatch.observer/filing/0001560672-23-000013.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000156067223000013/0001560672-23-000013-index.htm

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