Ellington Financial (EFC) Tops Q2 EPS by 6c

Ellington Financial (NYSE: EFC) reported Q2 EPS of $0.51, $0.06 better than the analyst estimate of $0.45.

• Net income of $32.7 million, or $0.75 per common share.
• Core Earnings1 of $22.3 million, or $0.51 per share.
• Book value per common share as of June 30, 2021 of $18.47, including the effects of dividends of $0.44 per common share for the quarter.
• Credit strategy gross income of $55.3 million for the quarter, or $1.25 per share.
• Agency strategy gross loss of $(1.2) million for the quarter, or $(0.03) per share.
• Dividend yield of 9.9% based on the August 4, 2021 closing stock price of $18.12 per share, and monthly dividend of $0.15 per common share declared on August 4, 2021. Increased monthly dividend by a cumulative 50% during the quarter.
• Debt-to-equity ratio of 3.2:1 and recourse debt-to-equity ratio of 1.9:12 as of June 30, 2021.
• Cash and cash equivalents of $134.7 million as of June 30, 2021, in addition to other unencumbered assets of $511.0 million.

For earnings history and earnings-related data on Ellington Financial (EFC) click here.

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