Ellington Financial Q2 adjusted EPS and net income beat estimates on Longbridge strength

Ellington Financial

06/08/2026 22:12

Overview
U.S. mortgage and consumer credit REIT's Q2 adjusted EPS beat analyst expectations
Q2 adjusted net income also beat analyst expectations
Company cites strong credit performance and robust Longbridge segment results

Outlook
Company says it expects to sustain momentum and generate attractive risk-adjusted returns

Result Drivers
INVESTMENT PORTFOLIO GAINS - Increased net interest income and gains on hedges offset realized and unrealized losses in the investment portfolio segment
STRONG CREDIT PERFORMANCE - Continued low realized credit losses across residential and commercial loan portfolios
LONGBRIDGE ORIGINATIONS AND SECURITIZATIONS - Higher origination volumes and net gains from proprietary reverse mortgage loan securitizations drove segment results

Company press release: ID:nBw706XQda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.60
$0.46 (7 Analysts)
Q2 EPS
 
$0.43
 
Q2 Adjusted Net Income
Beat
$75.50 mln
$55.48 mln (5 Analysts)
Q2 Net Income
 
$54.40 mln
 
Q2 Net Interest Margin
 
3.36%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 $14.75, about 12.3% above its August 6 closing price of $13.14
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 5 - Granite Point Mortgage Trust Q2 loss widens as credit loss provisions rise
Aug 5 - MFA Financial's Q2 distributable earnings miss analyst estimates
Aug 4 - Finance of America Q2 adjusted EPS misses estimates as revenue falls

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(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.)