Quarterly ResultAug 7, 2026, 06:07 AM
Ellington Financial Q2 Net Income $54.4M; ADE $0.60/Share
AI Summary
Ellington Financial Inc. reported strong second-quarter 2026 financial results, with net income attributable to common stockholders of $54.4 million, or $0.43 per common share. Adjusted Distributable Earnings (ADE) were $75.5 million, or $0.60 per common share, comfortably covering dividends. The company also achieved book value per common share of $13.61 and saw exceptional performance from its Longbridge segment, which originated $589.7 million in loans.
Key Highlights
- Net income attributable to common stockholders was $54.4 million, or $0.43 per common share.
- Adjusted Distributable Earnings (ADE) reached $75.5 million, or $0.60 per common share.
- Book value per common share stood at $13.61 as of June 30, 2026.
- Longbridge segment reported net income of $30.2 million, or $0.24 per common share.
- Investment portfolio segment generated net income of $74.2 million, or $0.59 per common share.
- Longbridge originated $589.7 million of loans, a 38% increase from Q2 2025.
- Recourse debt-to-equity ratio was 1.9:1, and total debt-to-equity ratio was 9.2:1.
Price Impact
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