---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-049702"
form_type: "8-K"
ticker: "EFC"
cik: "0001411342"
company_name: "Ellington Financial Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:14:09.893116+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ellington Financial Q3 GAAP net income $0.29, adj. distributable earnings $0.53, BV $13.40

## Summary
- GAAP net income to common fell to $29.5M ($0.29/share) from $42.9M ($0.45) in Q2; adjusted distributable earnings $54.2M ($0.53) covered $0.39 dividend.
- Book value per share $13.40 as of Sep 30; total portfolio grew 12% sequentially, with credit portfolio up 11% to $3.56B.
- Longbridge portfolio rose 37% to $750M on record proprietary reverse mortgage originations; segment net income $8.6M.
- Priced $400M of 7.375% senior unsecured notes (5-yr) and seven securitizations, shifting toward long-term non-mark-to-market financing.
- Recourse debt-to-equity 1.8:1; total debt-to-equity 8.6:1; cash plus unencumbered assets $1.22B as of Sep 30.

## SEC filing metadata
- accession: 0001628280-25-049702
- form_type: 8-K
- ticker: EFC
- cik: 0001411342
- company_name: Ellington Financial Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1411342/000162828025049702/0001628280-25-049702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1411342/000162828025049702/efc-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-049702
- JSON: https://secwatch.observer/filing/0001628280-25-049702.json
- Plain text: https://secwatch.observer/filing/0001628280-25-049702.txt

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