CYS Investments (CYS) Misses Q3 EPS by 1c

CYS Investments (NYSE: CYS) reported Q3 EPS of $0.24, $0.01 worse than the analyst estimate of $0.25.

• September 30, 2017 book value per common share of $8.60, after declaring a $0.25 dividend per common share, up 3.5% from $8.31 at June 30, 2017.
• GAAP net income (loss) available to common stockholders of $83.0 million, or $0.54 per diluted common share.
• Core Earnings plus Drop Income of $37.0 million ($29.8 million Core Earnings and $7.2 million Drop Income), or $0.24 per diluted common share ($0.19 Core Earnings and $0.05 Drop Income).
• Interest rate spread, net of hedge, including Drop Income, of 1.32%.
• Operating expense ratio of 1.31%.
• Weighted-average amortized cost of Agency RMBS and U.S. Treasuries (collectively, \"Debt Securities\") of $103.01.
• Leverage ratio of 7.02:1 at September 30, 2017.
• Constant Prepayment Rate (\"CPR\") of 9.5%.
• Total stockholder return on common equity of 6.50%.

For earnings history and earnings-related data on CYS Investments (CYS) click here.

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