AGNC Investment 4/22/2024 Earnings Report

AGNC Investment EPS Results

• Actual EPS: $0.70
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

AGNC Investment Revenue Results

• Actual Revenue: ($129.00) million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

AGNC Investment Announcement Details

• Date: 4/22/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

AGNC Investment (NASDAQ:AGNCN) is a real estate investment trust that primarily invests in residential mortgage-backed securities (MBS) guaranteed by U.S. government agencies or sponsored entities such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income and total return through interest rate spreads, deploying leverage and hedging strategies to manage interest rate and spread risk. Its investment portfolio typically comprises agency MBS across various coupon rates and maturities, supplemented by financing instruments and derivatives to optimize risk-adjusted returns.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp. has maintained a focus on the U.S. residential mortgage market throughout economic cycles. The company transitioned to an internally managed structure in recent years, enhancing operational flexibility and aligning management incentives with shareholder interests. Its board and executive team are responsible for setting portfolio strategy, risk parameters and governance policies to navigate complex market conditions and regulatory environments.

AGNC Investment Corp. serves investors seeking exposure to U.S. agency mortgage credit through a real estate investment trust structure, distributing a majority of its earnings as dividends. Under the leadership of President and Chief Executive Officer Chase C. Shirk, the firm continues to refine its hedging approach and capital allocation framework, with a view toward delivering attractive risk-adjusted yields while adhering to rigorous credit and market risk controls.