Two Harbors Investment (NYSE: TWO) reported Q1 EPS of $0.48, $0.01 better than the analyst estimate of $0.47.

Summary

• Reported book value of $15.63 per common share, representing a (1.3%) total quarterly return on book value.(1)
• Incurred a Comprehensive Loss of ($23.7) million, or ($0.14) per weighted average basic common share.
• Reported Core Earnings including dollar roll income of $83.8 million, or $0.48 per weighted average basic common share, representing a return on average common equity of 11.8%.(2)
  • Dollar roll income of $3.4 million, or $0.02 per weighted average basic common share.
• Added $13.6 billion unpaid principal balance (UPB) of MSR through both a bulk purchase and monthly flow-sale arrangements, bringing total holdings to $111.7 billion UPB.
• Increased the capacity of an MSR financing facility by $100 million, to a total of $400 million, and continued to advance discussions with other potential MSR financing counterparties.
• Post quarter end, announced proposed acquisition of CYS Investments, Inc. (NYSE: CYS).

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