Ellington Residential Mortgage REIT (EARN) Misses Q3 EPS by 3c
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Ellington Residential Mortgage REIT Reports Third Quarter 2017 Results
November 2, 2017 4:15 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) today reported financial results for the quarter ended September 30, 2017.
Highlights
Net income of $6.3 million, or $0.48 per share. Core Earnings1 of $5.0 million, or $0.38 per share, and Adjusted Core Earnings1 of $5.6 million, or $0.43 per share. Book value of $14.76 per share as of September 30, 2017, after giving effect to a third quarter dividend of $0.40 per share. Net interest margin of 1.30%, and adjusted net interest margin2 of 1.45%. Weighted average constant prepayment rate... More