AG Mortgage reports Q4 non-GAAP EPS 17c, consensus 15c

Reports adjusted book value per share as of December 31, 2023 of $10.20 vs. $11.03 as of December 31, 2022. “The past year has been transformational for MITT. We completed an M&A transaction to increase our market capitalization by nearly 50% and consistently executed on our business strategy, repositioning a significant portion of equity into higher yielding securitized residential assets and de-risking our recourse leverage exposure,” said CEO TJ Durkin. “Looking ahead, we are confident in our ability to build on this momentum, focused on driving earnings power and enhancing G&A efficiencies to make MITT a more scaled and profitable investment vehicle for our stockholders.”