INVESCO MORTGAGE CAPITAL INC (IVR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Invesco Mortgage Capital fourth quarter 2025 earnings call. All participants will be on the listen-only mode until the question and answer session. At that time, to ask a question, press the star followed by one on your telephone. As a reminder, this call is being recorded. I'll turn the call over to Greg Seals in investor relations. Mr. Seals, you may begin the call. Thanks, operator, and to all of you joining us on Invesco Mortgage Capital's quarterly earnings call. In addition to today's press release, we have provided a presentation that covers the topics we plan to address today. Press release and presentation are available on our website, InvescoMortgageCapital.com. This information can be found by going to the investor relations section of the website. Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on slide two of the presentation regarding the statements and measures as well as the appendix for appropriate reconciliations to GAAP. Finally, Invesco Mortgage Capital is not responsible for and does not edit or guarantee the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized webcasts are located on our website. Again, welcome and thank you for joining us today. I'll now turn the call over to Invesco Mortgage Capital CEO, John Anzalone. Good morning, and welcome to Invesco Mortgage Capital's fourth quarter earnings call. I will offer brief remarks before turning the call over to our chief investment officer, Brian Norris. Joining us for Q&A are President Kevin Collins, COO Dave Lyle, and CFO Mark Gregson. Financial conditions improved during the quarter, supported by two Federal Reserve rate cuts. Solid corporate ear...