AGNC reports wider Q2 net loss per share

AGNC Investment

21/07/2025 21:15

Overview

AGNC Q2 comprehensive loss per share $0.13, flat yoy

AGNC Q2 net loss per common share at $0.17 vs net loss per common share of $0.11 yoy

Tangible net book value per share decreased 5.3% to $7.81

Economic return on tangible equity -1.0%, driven by dividends and book value decline

Outlook

AGNC anticipates favorable conditions for levered and hedged Agency MBS investments

Company expects increased bank participation in Agency MBS markets

AGNC sees mortgage spreads to benchmark rates as favorable

Result Drivers

INTEREST RATE VOLATILITY - AGNC faced increased interest rate volatility, impacting investor sentiment and economic return, per CEO Peter Federico

MORTGAGE SPREADS - Wider mortgage spreads to benchmark rates contributed to a decline in tangible net book value, according to CFO Bernice Bell

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
-$0.17
Q2 Net Income
-$140 mln
Q2 Net Interest Income
$162 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for AGNC Investment Corp is $9.90, about 6.6% above its July 18 closing price of $9.25

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn9py2zpa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)