Business
AGNC Investment Corp. Announces Third Quarter 2021 Financial Results
BETHESDA, Md., Oct. 25, 2021 /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., Oct. 25, 2021 /PRNewswire/ -- AGNC Investment Corp. (\"AGNC\" or the \"Company\") (Nasdaq: AGNC) today announced financial results for the quarter ended September 30, 2021. \nTHIRD QUARTER 2021 FINANCIAL HIGHLIGHTS \n$0.37 comprehensive income per common share, comprised of: $0.35 net income per common share $0.02 other comprehensive income (\"OCI\") per common share on investments marked-to-market through OCI$0.75 net spread and dollar roll income per common share, excluding estimated \"catch-up\" premium amortization cost 1 Includes $0.33 per common share of dollar roll income associated with the Company's $30.3 billion average net long position in forward purchases and sales of Agency mortgage-backed securities (\"MBS\") in the \"to-be-announced\" (\"TBA\") market Excludes less than $(0.01) per common share of estimated \"catch-up\" premium amortization cost due to change in projected constant prepayment rate (\"CPR\") estimates$16.41 tangible net book value per common share as of September 30, 2021 Increased $0.02 per common share, or 0.1%, from $16.39 per common share as of June 30, 2021$0.36 dividends declared per common share for the third quarter 2.3% economic return on tangible common equity for the quarter Comprised of $0.36 dividends per common share and $0.02 increase in tangible net book value per common shareOTHER THIRD QUARTER HIGHLIGHTS \n$84.1 billion investment portfolio as of September 30, 2021, comprised of: $53.7 billion Agency MBS $28.3 billion net TBA mortgage position $2.1 billion credit risk transfer (\"CRT\") and non-Agency securities 27.5x tangible net book value \"at risk\" leverage as of September 30, 2021 7.5x average tangible net book value \"at risk\" leverage for the quarterCash and unencumbered Agency MBS totaled approximately $5.2 billion as of September 30, 2021 Excludes unencumbered CRT and non-Agency securities and assets held at the Company's broker-dealer subsidiary, Bethesda Securities22.5% portfolio CPR for the quarter 10.7% average projected portfolio CPR as of September 30, 20212.19% annualized net interest spread and TBA dollar roll income for the quarter, excluding estimated \"catch-up\" premium amortization cost Excludes -1 bps of \"catch-up\" premium amortization cost due to change in projected CPR estimates___________\nRepresents a non-GAAP measure. Please refer to ...