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Dec 31, 2020
Invesco Mortgage Capital Q4 2020 Earnings Report
Announced financial results, reporting net income per common share of $0.59, increased core earnings per common share to $0.10, raised common stock dividend to $0.08, and increased book value per common share to $3.86.
Key Takeaways
Invesco Mortgage Capital Inc. reported core earnings of $0.10 per common share for the fourth quarter of 2020. The company largely completed its portfolio reallocation to Agency residential mortgage-backed securities. Approximately 98% of the investment portfolio was invested in Agency RMBS at year end. The company maintained a sizeable balance of unrestricted cash and unencumbered investments of $744.8 million as of December 31, 2020.
Reported net income per common share $0.59 compared to $0.53 per common share in Q3 2020
Increased core earnings per common share $0.10 compared to $0.06 per common share in Q3 2020
Raised common stock dividend $0.08 compared to $0.05 per common share in Q3 2020
Increased book value per common share $3.86 compared to $3.47 per common share at Q3 2020
Forward Guidance
The outlook for Agency RMBS remains constructive, as the asset class offers an attractive return profile, benefits from substantial liquidity and funding and is supported by ongoing purchases by the Federal Reserve.
Positive Outlook
- Asset class offers an attractive return profile
- Benefits from substantial liquidity
- Benefits from substantial funding
- Supported by ongoing purchases by the Federal Reserve
- Company raised an additional $103.1 million in common equity earlier this month that was deployed into Agency RMBS
Historical Earnings Impact
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Avg. Return Before/After Earnings
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