---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-24-000011"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:37:46.754002+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EARN reports Q4 net income $12.4M ($0.75/sh); book value $7.32; CLO portfolio grows to $17.4M

## Summary
- Net income of $12.4M ($0.75 per share); Adjusted Distributable Earnings $4.6M ($0.27 per share).
- Book value per share $7.32 as of Dec 31, 2023; net interest margin improved to 2.19% overall.
- Debt-to-equity ratio decreased to 5.3:1 (adjusted) from 7.3:1 in prior quarter.
- CLO portfolio grew fourfold to $17.4M; company rotating from RMBS to CLOs.
- Agency RMBS outperformed hedges; CEO cites market rally and soft landing narrative.

## SEC filing metadata
- accession: 0001560672-24-000011
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2024-03-06T23:59:59+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/1560672/000156067224000011/0001560672-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000011/earn-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-24-000011
- JSON: https://secwatch.observer/filing/0001560672-24-000011.json
- Plain text: https://secwatch.observer/filing/0001560672-24-000011.txt

## Key facts
- Earnings Releases
  Ellington Credit Co reported quarter ended December 31, 2023 results: net income 12.4 million, EPS 0.75 per share.
  - Period: quarter ended December 31, 2023
  - Net income: 12.4 million
  - EPS: 0.75 per share
  - Result: reported results
  source text: Net income (loss) of $12.4 million, or $0.75 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000011/0001560672-24-000011-index.htm

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