Two Harbors Investment (TWO) Tops Q3 EPS by 5c

Two Harbors Investment (NYSE: TWO) reported Q3 EPS of $0.24, $0.05 better than the analyst estimate of $0.19.

• Reported book value of $6.40 per common share, representing a 2.3% quarterly return on book value(1)
• Generated Comprehensive Income of $45.2 million, representing an annualized return on average common equity of 9.1%
• Reported Earnings Available for Distribution, or EAD (formerly Core Earnings), of $73.6 million, or $0.24 per weighted average basic common share(2)
• Declared a third quarter common stock dividend of $0.17 per share
• Continued to grow mortgage servicing rights (MSR) portfolio
  • Settled on $14.0 billion unpaid principal balance (UPB) generated through flow-sale program
  • Closed on $15.3 billion UPB through bulk transactions
• Issued 40 million shares of common stock through an underwritten offering for net proceeds of approximately $256.5 million

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

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