American Capital Mortgage Investment (MTGE) Tops Q3 EPS by 5c

November 2, 2016 5:50 PM EDT
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American Capital Mortgage Investment (NASDAQ: MTGE) reported Q3 EPS of $0.48, ex-catch up, $0.05 better than the analyst estimate of $0.43.

  • $5.6 billion investment portfolio as of September 30, 2016
    • $3.0 billion agency securities
    • $1.2 billion net long TBA
    • $1.3 billion non-agency securities
    • $0.1 billion mortgage servicing rights ("MSR")
    • $0.1 billion healthcare real estate investments
  • 5.0x "at risk" leverage on agency and non-agency securities as of September 30, 2016, compared to 4.9x as of June 30, 2016
    • 3.7x excluding net long TBA mortgage position as of September 30, 2016
  • 13.0% average CPR for agency securities for the quarter
    • 10.1% projected life CPR for agency securities as of September 30, 2016
  • 2.12% annualized net interest rate spread and dollar roll income for the quarter, excluding estimated "catch-up" premium amortization expense
    • Excludes 6 bps of "catch-up" premium amortization expense
    • A decrease from 2.17% for the prior quarter, excluding 18 bps of "catch-up" premium amortization expense

For earnings history and earnings-related data on American Capital Mortgage Investment (MTGE) click here.

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