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Ellington Credit Company Reports Fourth Quarter 2024 Results

1. EARN reported a net loss of $2 million in Q4 2024. 2. Adjusted Distributable Earnings were $7.8 million, significantly influencing financial stability.

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FAQ

Why Bearish?

The reported net loss may lead to negative market sentiment. Historical data shows losses typically correlate with declines in share prices for similar firms.

How important is it?

The article provides crucial earnings data that can directly impact investor perceptions and stock valuation.

Why Short Term?

Investors may react immediately to quarterly results, impacting EARN's stock in the short run. Similar instances in the past have led to quick sell-offs.

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NLYAGNCDX
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended December 31, 2024. Fourth Quarter Highlights Net income (loss) of $(2.0) million, or $(0.07) per share. Adjusted Distributable Earnings1 of $7.8 million, or $0.27 per share. Book value of $6.53 per share as of December 31, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 8.54% on credit, 3.24% on Agenc.

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