AGNC Investment Corp (AGNC) Tops Q4 EPS by 2c

AGNC Investment Corp (NASDAQ: AGNC) reported Q4 EPS of $0.57, $0.02 better than the analyst estimate of $0.55.

• $1.59 comprehensive income per common share, comprised of:
  • $1.56 net income per common share
  • $0.03 other comprehensive income (\"OCI\") per common share on investments marked-to-market through OCI
• $0.57 net spread and dollar roll income per common share, excluding estimated \"catch-up\" premium amortization benefit 1
  • Includes $0.04 per common share of dollar roll income associated with the Company\'s $7.0 billion average net long position in forward purchases and sales of Agency mortgage-backed securities (\"MBS\") in the "to-be-announced" ("TBA") market
  • Excludes $0.09 per common share of estimated "catch-up" premium amortization benefit due to change in projected constant prepayment rate ("CPR") estimates
• $17.66 tangible net book value per common share as of December 31, 2019
  • Increased $1.11 per common share, or 6.7%, from $16.55 per common share as of September 30, 2019
• $0.48 dividends declared per common share for the fourth quarter
• 9.6% economic return on tangible common equity for the quarter
  • Comprised of $0.48 dividends per common share and $1.11 increase in tangible net book value per common share

For earnings history and earnings-related data on AGNC Investment Corp (AGNC) click here.

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