Ellington Financial Q3 adjusted EPS beats estimates

Ellington Financial

05/11/2025 22:20

Overview

Ellington Financial Q3 adjusted EPS of $0.53 beats analyst expectations

Adjusted distributable earnings for Q3 beat estimates, driven by strong securitization activity

Company increased long-term financing with $400 mln senior unsecured notes

Outlook

Company plans to increase proportion of unsecured borrowings over time

Ellington Financial aims to maintain conservative leverage and strong dividend coverage

Company working on inaugural securitization of residential transition loans

Result Drivers

SECURITIZATION ACTIVITY - Strong securitization activity contributed to robust quarterly results, according to CEO Laurence Penn

LONG-TERM FINANCING - Co significantly increased long-term, non-mark-to-market financing through securitizations and senior unsecured notes

LONGBRIDGE GROWTH - Longbridge segment saw a 37% increase in portfolio driven by record reverse mortgage loan originations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.53
$0.44 (6 Analysts)
Q3 EPS
$0.29
Q3 Adjusted Net Income
Beat
$54.20 mln
$42.50 mln (5 Analysts)
Q3 Net Income
$29.50 mln
Q3 Net Interest Margin
3.65%


Press Release: ID:nBw8xwDjwa

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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.)