Capstead Mortgage (CMO) Tops Q2 EPS by 3c

Capstead Mortgage (NYSE: CMO) reported Q2 EPS of $0.19, $0.03 better than the analyst estimate of $0.16.

1. Recognized GAAP net income of $22.7 million or $0.19 per diluted common share
2. Generated core earnings of $21.9 million or $0.18 per diluted common share, representing a 2.7% return on common equity capital (10.8% annualized)
3. Generated economic return of 14.3%
4. Paid a second quarter dividend of $0.15 per common share, unchanged from the previous two quarters
5. Book value per common share increased $0.72 or 11.9% to $6.79 per common share
6. Agency-guaranteed residential adjustable-rate mortgage (ARM) portfolio ended the quarter largely unchanged at $8.33 billion
7. Leverage ended the quarter at 7.49 times long-term investment capital

For earnings history and earnings-related data on Capstead Mortgage (CMO) click here.

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