Quarterly ResultMay 5, 2026, 04:43 PM
Ellington Financial Q1 Net Income $95.5M, EPS $0.78
AI Summary
Ellington Financial Inc. reported exceptionally strong financial results for the first quarter ended March 31, 2026. The company achieved a net income attributable to common stockholders of $95.5 million, or $0.78 per common share, and Adjusted Distributable Earnings of $66.5 million, or $0.55 per common share. The Longbridge segment showed tremendous performance, contributing significantly to both net income and ADE, supported by robust origination volumes and securitization gains. The company also highlighted a strengthened balance sheet through accretive common equity raise and enhanced access to long-term institutional debt markets.
Key Highlights
- Net income attributable to common stockholders was $95.5 million, or $0.78 per common share.
- Adjusted Distributable Earnings were $66.5 million, or $0.55 per common share.
- Book value per common share as of March 31, 2026, was $13.56, including $0.39 dividends.
- Longbridge segment contributed $57.5 million to net income and $25.4 million to ADE.
- Recourse debt-to-equity ratio was 1.9:1 as of March 31, 2026.
- Total unencumbered assets reached $1.92 billion, including $163.2 million cash.
- Participated in seven securitization transactions totaling over $2.8 billion.
- Longbridge originated $515.4 million in new loans, a 52% increase YoY.