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Mar 31, 2023
Two Harbors Q1 2023 Earnings Report
Reported financial results for the quarter ended March 31, 2023.
Key Takeaways
Two Harbors Investment Corp. reported a comprehensive loss of $63.2 million, or $(0.69) per weighted average basic common share. Earnings Available for Distribution (EAD) was $8.3 million, or $0.09 per weighted average basic common share. The company's book value was $16.48 per common share, with a first quarter common stock dividend of $0.60 per share.
Reported book value of $16.48 per common share, and declared a first quarter common stock dividend of $0.60 per share, representing a (3.6)% quarterly economic return on book value.
Incurred a Comprehensive Loss of $63.2 million, or $(0.69) per weighted average basic common share.
Reported Earnings Available for Distribution (EAD) of $8.3 million, or $0.09 per weighted average basic common share.
Generated Income Excluding Market-Driven Value Changes (IXM) of $0.59 per weighted average basic common share.
Revenue by Segment
Forward Guidance
Two Harbors Investment Corp. anticipates attractive opportunities from wide RMBS spreads and slow MSR prepayment speeds.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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