Business
AGNC Investment Corp. Announces Second Quarter 2025 Financial Results
BETHESDA, Md., July 21, 2025 /PRNewswire/ -- AGNC Investment Corp. ("AGNC" or the "Company") (Nasdaq: AGNC) today announced financial results for the quarter
About this update from Agnc Investment Corp.
[{"type":"text","content":"BETHESDA, Md., July 21, 2025 /PRNewswire/ -- AGNC Investment Corp. (\"AGNC\" or the \"Company\") (Nasdaq: AGNC) today announced financial results for the quarter ended June 30, 2025.\n\nSECOND QUARTER 2025 FINANCIAL HIGHLIGHTS \n$(0.13) comprehensive loss per common share, comprised of:$(0.17) net loss per common share$0.05 other comprehensive income (\"OCI\") per common share on investments marked-to-market through OCI$0.38 net spread and dollar roll income per common share1Excludes $0.01 per common share of estimated \"catch-up\" premium amortization benefit due to change in projected constant prepayment rate (\"CPR\") estimates$7.81 tangible net book value per common share as of June 30, 2025Decreased $(0.44) per common share, or -5.3%, from $8.25 per common share as of March 31, 2025$0.36 dividends declared per common share for the second quarter-1.0% economic return on tangible common equity for the quarterComprised of $0.36 dividends per common share and $(0.44) decrease in tangible net book value per common shareOTHER SECOND QUARTER HIGHLIGHTS \n$82.3 billion investment portfolio as of June 30, 2025, comprised of:$73.3 billion Agency MBS$8.3 billion net forward purchases/(sales) of Agency MBS in the \"to-be-announced\" market (\"TBA securities\")$0.7 billion credit risk transfer (\"CRT\") and non-Agency securities and other mortgage credit investments7.6x tangible net book value \"at risk\" leverage as of June 30, 20257.5x average tangible net book value \"at risk\" leverage for the quarterUnencumbered cash and Agency MBS totaled $6.4 billion as of June 30, 2025Excludes unencumbered CRT and non-Agency securitiesRepresents 65% of the Company's tangible equity as of June 30, 20257.8% average projected portfolio life CPR as of June 30, 20258.7% actual portfolio CPR for the quarter2.01% annualized net interest spread for the quarter2Issued 92.6 million shares of common equity through At-the-Market (\"ATM\") Offerings for net proceeds of $799 million___________\n1.\nRepresents a non-GAAP measure. Please refer to the Reconciliation of GAAP Comprehensive Income (Loss) to Net Spread and Dollar Roll Income and Use of Non-GAAP Financial Information included in this release for additional information.\n2.\nPlease refer to Net Interest Spread Components by Funding Source included in this release for additional information regarding t...