---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-23-000079"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:06:22.546168+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ellington Residential posts Q3 net loss of $11.4M; book value falls to $7.02

## Summary
- Net loss of $11.4M ($0.75/share); Adjusted Distributable Earnings of $3.2M ($0.21/share).
- Book value per share declined to $7.02 from prior quarter; dividends of $0.24/share declared in Q3.
- Agency RMBS holdings decreased 11% to $790.5M; portfolio turnover 19% in quarter.
- Began rotating into corporate CLOs, acquiring $3.8M in last week; CEO cites projected ROEs >20%.
- Debt-to-equity ratio 7.3:1; cash and unencumbered assets 38% of total equity.

## SEC filing metadata
- accession: 0001560672-23-000079
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2023-11-13T23:59:59+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/1560672/000156067223000079/0001560672-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067223000079/earn-20231113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-23-000079
- JSON: https://secwatch.observer/filing/0001560672-23-000079.json
- Plain text: https://secwatch.observer/filing/0001560672-23-000079.txt

## Key facts
- Earnings Releases
  Ellington Credit Co reported quarter ended September 30, 2023 results: net income $(11.4) million, EPS $(0.75) per share.
  - Period: quarter ended September 30, 2023
  - Net income: $(11.4) million
  - EPS: $(0.75) per share
  - Result: reported results
  source text: Ellington Residential Mortgage REIT Reports Third Quarter 2023 Results OLD GREENWICH, Connecticut—November 13, 2023 Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2023. Highlights • Net income (loss) of $(11.4) million, or $(0.75) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000156067223000079/0001560672-23-000079-index.htm

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