Two Harbors Investment Corp.'s (TWO) core earnings for the first quarter hit $88.2 million, or $0.24 per diluted share, compared to $76.4 million, or $0.21 per diluted share, for the previous quarter.

This missed earnings estimates by $0.01.

In addition, the company posted a net realized loss on residential mortgage-backed securities, trading securities and mortgage loans held-for-sale of $38.5 million.

It posts unrealized losses on trading securities, mortgage loan forward purchase commitments and mortgage loans held-for-sale of $2.3 million.

“We delivered strong first-quarter results, demonstrating our ability to generate alpha in a variety of interest rate environments,” stated Thomas Siering, Two Harbors’ president and CEO. “Two Harbors generated comprehensive income of $152.6 million for the period, representing a 15.7% return on average equity.”

Most Popular Articles

Realtors expect these to be the 10 hottest housing markets for the next 3-5 years

Here are the 10 housing markets that the National Association of Realtors expects to the hottest in the nation in the next three to five years.

Dec 11, 2019 By

Latest Articles

Gateway First Bank makes two key hires

Gateway First Bank made back-to-back announcements this week regarding two key hires. The bank welcomed Joell Maddox as director of treasury services and Thomas Ramm joined as chief investment officer.

Dec 12, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please