Top-News
Donnerstag,
06.08.2020 22:20
von
PR Newswire
| Aufrufe: 115
Invesco Mortgage Capital Inc. Reports Second Quarter 2020 Financial Results
Geschäftsleute in der Besprechung (Symbolbild).
© NicoElNino / iStock / Getty Images Plus / Getty Images
http://www.gettyimages.de/
PR Newswire
ATLANTA, Aug. 6, 2020
ATLANTA, Aug. 6, 2020 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) (the "Company") today announced financial results for the quarter ended June 30, 2020.
Update from John Anzalone, Chief Executive Officer
"The Company's financial performance for the second quarter of 2020 continued to be driven by market disruption associated with the COVID-19 pandemic. Despite the disruption, we successfully increased liquidity and reduced leverage early in the second quarter through select dispositions of our credit investments. We repaid borrowings totaling $6.9 billion during the quarter.
"As of July 31, 2020, we have reduced our credit assets to $1.1 billion and our secured loans to $305.0 million. Positively, our remaining credit investments benefited from increased investor demand which contributed to book value. We plan to further reduce our exposure to credit assets in the second half of 2020 as the credit markets, which are supported by unprecedented government action, continue to stabilize.
"We have increased our Agency RMBS holdings to $2.2 billion as of July 31, 2020 and remain focused on hedging targeted portfolio risks and maintaining substantial liquidity. We believe the current market environment for Agency RMBS is attractive given a combination of reliable funding at attractive terms and continued support from the Federal Reserve's asset purchase program. We expect our allocation to Agency RMBS to continue to grow as we reduce the size of our credit portfolio."
Key performance indicators for the quarters ended June 30, 2020 and March 31, 2020 are summarized in the table below.
| ($ in millions, except share amounts) | Q2 '20 | Q1 '20 | Variance | |||
| Average Balances | (unaudited) | (unaudited) | | |||
| Average earning assets (at amortized cost) | $1,905.6 | | $17,837.7 | | ($15,932.1) | |
| Average borrowings | $982.0 | | $16,532.0 | | ($15,550.0) | |
| Average stockholders' equity* | $796.8 | | $2,280.4 | | ($1,483.6) | |
| | | | | |||
| U.S. GAAP Financial Measures | | | | |||
| Total interest income | $30.2 | | $186.7 | | ($156.5) | |
| Total interest expense | $0.4 | | $85.7 | | ($85.3) | |
| Net interest income | $29.7 | | $101.0 | | ($71.3) | |
| Total expenses | $13.9 | | $14.1 | | ($0.2) | |
| Net income (loss) attributable to common stockholders | ($299.9) | | ($1,627.3) | | $1,327.4 | |
| | | | | |||
| Average earning asset yields | 6.33 | % | 4.19 | % | 2.14 | % |
| Average cost of funds | 0.18 | % | 2.07 | % | (1.89) | % |
| Average net interest rate margin | 6.15 | % | 2.12 | % | 4.03 | % |
| | | | | |||
| Period-end weighted average asset yields** | 5.22 | % | 4.55 | % | 0.67 | % |
| Period-end weighted average cost of funds | 0.62 | % | 1.69 | % | (1.07) | % |
| Period-end weighted average net interest rate margin | 4.60 | % | 2.86 | % | 1.74 | % |
| | | | | |||
| Book value per common share*** | $3.17 | | $5.02 | | ($1.85) | |
| Earnings (loss) per common share (basic) | ($1.80) | | ($10.38) | | $8.58 | |
| Earnings (loss) per common share (diluted) Werbung Mehr Nachrichten zur Invesco Mortgage Capital Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | ||||||
