---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-23-000043"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:06:47.637761+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ellington Residential Q1 net income $2.3M ($0.17/sh); ADE $0.21/sh; book value $8.31

## Summary
- Net income of $2.3M ($0.17 diluted EPS); Adjusted Distributable Earnings of $2.8M ($0.21/sh).
- Book value per share $8.31 as of March 31, 2023, after $0.24/sh dividends paid in Q1.
- Monthly dividend of $0.08/sh declared on May 8, 2023; dividend yield 13.7% based on $7.02 close.
- Debt-to-equity ratio 7.6:1 (7.5:1 adjusted); net mortgage assets-to-equity ratio 6.9:1.
- CEO cited 1.8% economic return; rotation from low-coupon MBS and reduced leverage amid bank turmoil.

## SEC filing metadata
- accession: 0001560672-23-000043
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000156067223000043/0001560672-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067223000043/earn-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-23-000043
- JSON: https://secwatch.observer/filing/0001560672-23-000043.json
- Plain text: https://secwatch.observer/filing/0001560672-23-000043.txt

## Key facts
- Earnings Releases
  Ellington Credit Co reported the quarter ended March 31, 2023 results: net income $2.3 million, or $0.17 per share, EPS $0.17 per share.
  - Period: the quarter ended March 31, 2023
  - Net income: $2.3 million, or $0.17 per share
  - EPS: $0.17 per share
  - Result: reported results
  source text: On May 11, 2023, the Company issued a press release announcing its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000156067223000043/0001560672-23-000043-index.htm

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