Dec 31, 2022

Annaly Q4 2022 Earnings Report

Annaly reported financial results, generating an 8.7% economic return in the fourth quarter.

Key Takeaways

Annaly Capital Management, Inc. reported GAAP net loss of ($1.96) per average common share and earnings available for distribution (EAD) of $0.89 per average common share for Q4 2022. The company's economic return was 8.7% for the quarter. The company's total assets were $80.6 billion, including $72.9 billion in highly liquid Agency portfolio.

GAAP net income (loss) of ($1.96) per average common share for the quarter.

Earnings available for distribution (“EAD”) of $0.89 per average common share for the quarter.

Economic return of 8.7% for the fourth quarter.

Book value per common share of $20.79.

Total Revenue
$799M
Previous year: $423M
+89.0%
EPS
$0.89
Previous year: $1.12
-20.5%
Net Interest Margin
0.65%
Previous year: 1.97%
-67.0%
Average Yield on Assets
3.86%
Previous year: 2.31%
+67.1%
Cost of Interest Bearing Liabilities
3.71%
Previous year: 0.38%
+876.3%
Cash and Equivalents
$1.58B
Previous year: $1.34B
+17.5%
Total Assets
$81.9B
Previous year: $76.8B
+6.6%

Annaly

Annaly

Forward Guidance

Annaly is positioned to be opportunistic across its three businesses in 2023, though the company remain patient and well-prepared for additional periods of instability.