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Jun 30, 2021

AGNC Q2 2021 Earnings Report

AGNC reported a comprehensive loss of $(0.97) per common share and a tangible net book value of $16.39 per common share.

Key Takeaways

AGNC Investment Corp. announced financial results for the quarter ended June 30, 2021. The company reported a comprehensive loss per common share of $(0.97) and a tangible net book value per common share of $16.39.

Comprehensive loss per common share was $(0.97).

Net spread and dollar roll income per common share was $0.76, excluding estimated 'catch-up' premium amortization cost.

Tangible net book value per common share decreased to $16.39.

Dividends declared per common share for the second quarter were $0.36.

Total Revenue
$232M
Previous year: $295M
-21.4%
EPS
$0.76
Previous year: $0.58
+31.0%
Economic Return on Equity
-5.5%
Portfolio CPR
25.7%
Cash and Equivalents
$947M
Previous year: $859M
+10.2%
Total Assets
$75.1B
Previous year: $89.9B
-16.5%

AGNC

AGNC

Forward Guidance

As we enter the second half of 2021, we believe that Agency MBS now have a more balanced investment backdrop. With our low leverage profile, AGNC is well-positioned to take advantage of more attractive investment opportunities as they arise.