Brief: Ellington Financial Q2 Net Income USD 42.9 Million

Ellington Financial

07/08/2025 21:59

Overview

Ellington Financial Q2 adjusted EPS beats analyst expectations, per LSEG data

Net income for Q2 was $42.9 mln, or $0.45 per share

Book value per share increased to $13.49

Outlook

Ellington Financial expects strong earnings from ongoing portfolio expansion

Company anticipates faster pace of securitizations in current quarter

Company plans to increase unsecured borrowings to strengthen liability structure

Result Drivers

INVESTMENT PORTFOLIO - Net income driven by credit strategy, offset by losses from Agency strategy

LONGBRIDGE CONTRIBUTIONS - Positive impact from reverse mortgage loan securitizations and originations

NET INTEREST MARGIN - Improvement due to lower cost of funds

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.47
$0.4 (7 Analysts)
Q2 EPS
$0.45
Q2 Adjusted Net Income
Beat
$45 mln
$37.90 mln (6 Analysts)
Q2 Net Income
$42.90 mln
Q2 Net Interest Margin
3.1%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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 Ellington Financial Inc is $14.50, about 12.3% above its August 6 closing price of $12.72

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw8sx33za

(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.)