Ellington Financial Inc. (EFC) Form 8-K — Nov 4, 2026
Ellington Financial (NYSE: EFC) reported Q3 2026 net income of $40.4 million, or $0.31 per share, with Adjusted Distributable Earnings of $58.0 million, or $0.45 per share — above its $0.39 quarterly dividend. Book value per share was $13.53, and the company cited an annualized economic return of 9.4% despite rising rates and late-quarter spread widening. The company issued $150 million of 7.375% senior unsecured notes due 2030 in September, bringing the series to $550 million outstanding, at a spread roughly 70 bps tighter than last year's deal; Moody's changed its rating outlook to Positive.
Key figures
- Eps
- 0.31
- Net Income
- 40382000
- Total Debt
- 19164460000
- Total Assets
- 21920403000
- Cash Position
- 269485000
- Shares Outstanding
- 130116611
- Adjusted eps
- 0.45
- Atm avg price
- 13.61
- Atm shares issued
- 2496140
- Buyback avg price
- 11.44
- Hmbs market share
- 31%
- Dividend per share
- 0.39
- Net interest margin
- 3.55%
- Book value per share
- 13.53
- Total debt to equity
- 9.4:1
- Unsecured notes coupon
- 7.375%
- Unsecured notes issued
- 150000000
- Longbridge originations
- 676338000
- Recourse debt to equity
- 2.2:1
- Annualized economic return
- 9.4%
- Post quarter buyback shares
- 329045
- Adjusted distributable earnings
- 57988000
AI analysis
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