Two Harbors Investment (TWO) Tops Q4 EPS by 1c

Two Harbors Investment (NYSE: TWO) reported Q4 EPS of $0.47, $0.01 better than the analyst estimate of $0.46.

Quarterly Summary

• Generated Comprehensive Income of $65.7 million, or $0.38 per weighted average basic common share.
• Reported book value of $16.31 per common share, representing a 1.6% total quarterly return on book value.(1)
• Reported Core Earnings of $81.3 million, or $0.47 per weighted average basic common share.(2)
• Closed a 2-year, $300 million financing facility with a large banking counterparty to finance Fannie Mae MSR collateral.
• Issued 11,800,000 shares of 7.25% Series C fixed-to-floating rate cumulative redeemable preferred stock for proceeds, net of offering costs, of $285.6 million.

For earnings history and earnings-related data on Two Harbors Investment (TWO) click here.

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