secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Financial Inc. (EFC)
CIK:        0001411342
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001628280-25-049702
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1411342/000162828025049702/0001628280-25-049702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1411342/000162828025049702/efc-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049702

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