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Dec 31, 2023
Two Harbors Q4 2023 Earnings Report
Announced financial results for the quarter ended December 31, 2023.
Key Takeaways
Two Harbors Investment Corp. reported a comprehensive income of $38.9 million, or $0.40 per weighted average basic common share, and an Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share for Q4 2023. The company also declared a fourth quarter common stock dividend of $0.45 per share and reported a book value of $15.21 per common share.
Reported book value of $15.21 per common share, and declared a fourth quarter common stock dividend of $0.45 per share, representing a 2.0% quarterly economic return on book value.
Generated Comprehensive Income of $38.9 million, or $0.40 per weighted average basic common share.
Generated Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share.
Issued 7.0 million shares of common stock through at-the-market (ATM) offering program for total proceeds of $97.8 million.
Forward Guidance
Looking ahead to 2024, Two Harbors believes that its portfolio, with less mortgage spread duration than portfolios without MSR, is very well positioned to benefit from the current and expected market environments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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