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Ellington Credit Company Reports Fourth Quarter 2024 Results

1. EARN reported a net loss of $2 million and adjusted earnings of $7.8 million. 2. Book value per share is $6.53, influenced by quarterly dividends of $0.24.

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-1.33%S&P 500
$6.1103/12 04:42 PM EDTEvent Start
$5.903/13 11:03 PM EDTLatest Updated
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FAQ

Why Bearish?

The reported net loss could signal financial instability, lowering investor confidence. Historically, significant losses in earnings reports often lead to stock price declines.

How important is it?

The financial results are critical for assessing EARN's performance and future outlook. Given the net loss and book value, the report raises concerns that could deter investors.

Why Short Term?

Immediate market reactions are typically strong following earnings reports. Previous EARN earnings disappointments resulted in swift negative price adjustments.

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AGNCNLY
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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