AGNC Investment: Fourth Quarter Earnings Overview

AGNC Investment Corp. Announces Fourth-Quarter Financial Results

AGNC Investment Corp., headquartered in Bethesda, Maryland, reported a net income of $954 million for the fourth quarter.

The company’s earnings translated to 83 cents per share, while adjusted earnings, which exclude one-time gains, came in at 35 cents per share.

These adjusted earnings fell short of analyst expectations, as a consensus of four analysts polled by Zacks Investment Research had anticipated earnings of 37 cents per share.

During the quarter, AGNC Investment generated $944 million in total revenue, with adjusted revenue amounting to $206 million.

For the full year, AGNC Investment posted a profit of $1.67 billion, or $1.47 per share, and reported annual revenue of $675 million.

Since the start of the year, the company’s stock price has climbed 10%. By the close of trading on Monday, shares reached $11.80, marking a 22% increase over the past year.