Two Harbors reports Q4 EAD 20c, consensus 34c

Reported book value of $14.47 per common share, and declared a fourth quarter common stock dividend of 45c per share, representing a flat quarterly economic return on book value. “Our 2024 results highlight the benefits of our hedged MSR strategy,” said Bill Greenberg, TWO‘s President and CEO. “With two-thirds of our capital allocated to low coupon MSR, our portfolio generated stable and positive cashflows, despite large fluctuations in short-term interest rates. Additionally, our ongoing enhancements at RoundPoint uniquely position us to shape our return profile beyond just owning traditional Agency securities.”