Quarterly ResultMay 7, 2026, 04:43 PM
Cherry Hill Mortgage Q1 Net Income $0.43M; EPS Loss $(0.05)
AI Summary
Cherry Hill Mortgage Investment Corp reported a net income of $0.429 million for the first quarter of 2026, a significant improvement from a net loss of $6.992 million in the same period last year. The net loss applicable to common stockholders also substantially decreased to $1.968 million, or $(0.05) per share, compared to a loss of $9.313 million, or $(0.29) per share, in Q1 2025. The company saw an increase in net interest income but a slight decrease in net servicing income, while its cash position improved significantly.
Key Highlights
- Q1 2026 Net Income was $0.429 million, up from a $6.992 million net loss in Q1 2025.
- Net Loss Applicable to Common Stockholders decreased to $1.968 million from $9.313 million YoY.
- Basic Net Loss Per Share improved to $(0.05) in Q1 2026 from $(0.29) in Q1 2025.
- Net interest income increased to $4.456 million in Q1 2026 from $2.166 million YoY.
- Net servicing income decreased to $7.930 million in Q1 2026 from $8.428 million YoY.
- Cash, cash equivalents, and restricted cash rose to $80.094 million from $49.296 million YoY.
- Common dividends declared for Q1 2026 were $0.10 per share, down from $0.15 YoY.