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Sep 30, 2024
Two Harbors Q3 2024 Earnings Report
Announced third quarter financial results, driven by mortgage performance and stable MSR spreads.
Key Takeaways
Two Harbors Investment Corp. reported a comprehensive income of $19.3 million, or $0.18 per weighted average basic common share, and a book value of $14.93 per common share. The company settled $3.3 billion in UPB of MSR through acquisitions and recapture, and completed its first full quarter of direct-to-consumer originations activities.
Reported book value of $14.93 per common share.
Declared a third quarter common stock dividend of $0.45 per share, representing a 1.3% quarterly economic return on book value.
Generated Comprehensive Income of $19.3 million, or $0.18 per weighted average basic common share.
Settled $3.3 billion in unpaid principal balance (UPB) of MSR through bulk and flow-sale acquisitions and recapture.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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