Two Harbors Investment (TWO) Tops Q4 EPS by 7c

February 9, 2021 4:51 PM EST

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Two Harbors Investment (NYSE: TWO) reported Q4 EPS of $0.30, $0.07 better than the analyst estimate of $0.23.

Quarterly Summary

  • Reported book value of $7.63 per common share, representing a 5.8% quarterly return on book value(1)
  • Generated Comprehensive Income of $113.5 million, representing an annualized return on average common equity of 22.1%
  • Reported Core Earnings of $82.0 million, or $0.30 per weighted average basic common share(2)
  • Declared a fourth quarter common stock dividend of $0.17 per share, a 21% increase from the prior quarter
  • Continued strength in MSR flow-sale program; settled $23.0 billion unpaid principal balance (UPB) of MSR
  • Closed on an additional $20.4 billion UPB of MSR bulk purchases

“We are pleased with our fourth quarter performance, which includes a 5.8% economic return on book value. Subsequent to the quarter end, we took steps to optimize our capital structure with the benefits accruing to our common shareholders over time,” stated Bill Greenberg, Two Harbors’ President and Chief Executive Officer. “We are excited about our outlook as an Agency plus MSR REIT for 2021 and beyond.”

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

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