Oct 19, 4:03 PM ET
AGNC Investment Corp. reported a third-quarter 2026 net loss of $1.17 per common share and a comprehensive loss of $1.28 per share, driven by a $5.0 billion unrealized loss on investment securities. Tangible net book value per share fell 16.9% to $7.13 from $8.58 on June 30, 2026, and the company's economic return on tangible common equity was -12.7% after $0.36 in dividends declared. The results matter to shareholders because book value per share dropped sharply, while the company raised $992 million by issuing 97.6 million common shares.
- Net loss of $(1,357) million, or $(1.17) per common share, for the quarter ended September 30, 2026, compared with net income of $654 million in the prior quarter
- Tangible net book value per common share fell $1.45, or 16.9%, to $7.13 as of September 30, 2026
- Net spread and dollar roll income was $0.37 per common share, down from $0.40 in the prior quarter
- Issued 97.6 million common shares through at-the-market offerings for net proceeds of $992 million
Read the filing on SEC.gov ↗
Sep 11, 4:04 PM ET
AGNC Investment Corp. disclosed a September 10, 2026 amendment to the employment agreement of Executive Chair Gary Kain, setting a $1,300,000 target annual cash bonus and a $1,500,000 target annual long-term equity award starting in 2027. The base salary, termination payments and restrictive covenants are unchanged, so the filing mainly alters incentive pay tied to future performance.
- Annual cash bonus target of $1,300,000 for 2027 and later years, payable from 0% to 200% of target, expected in Q1 of the following year
- Annual long-term incentive award target of $1,500,000 in company stock starting in 2027, subject to Board approval
- 67% of the equity award vests on three-year performance metrics; 33% vests annually over three years
- Base salary, termination payments and restrictive covenants are unchanged
Read the filing on SEC.gov ↗
Jul 20, 4:06 PM ET
AGNC Investment Corp. reported second quarter 2026 comprehensive income of $0.52 per share, compared with a loss of $(0.18) per share in the first quarter. Tangible net book value rose to $8.58 per share from $8.38, and the economic return on tangible common equity was 6.7%. Net spread and dollar roll income, a non-GAAP measure, edged down to $0.40 per share from $0.42.
- Net income of $0.52 per diluted share for the quarter, versus a net loss of $(0.17) per share in the first quarter of 2026
- Net spread and dollar roll income of $0.40 per share, down from $0.42 in the first quarter
- Tangible net book value of $8.58 per share as of June 30, 2026, up from $8.38 on March 31, 2026; dividends declared were $0.36 per share
- Issued 16.2 million shares through at-the-market offerings for net proceeds of $167 million
Read the filing on SEC.gov ↗
Apr 20, 4:03 PM ET
AGNC Investment Corp. reported a first-quarter 2026 net loss of $0.17 per common share and a total comprehensive loss of $0.18 per share, compared with net income of $0.83 per share in the fourth quarter of 2025. Tangible net book value fell 5.6% to $8.38 per share, and the economic return on tangible common equity was -1.6% after $0.36 in declared dividends, so shareholders saw book value decline even as net spread income improved.
- Net spread and dollar roll income rose to $0.42 per share from $0.35 in the prior quarter, driven by a 25 basis point increase in the net interest spread.
- Tangible net book value per share decreased $0.50, from $8.88 on December 31, 2025, to $8.38 on March 31, 2026.
- The company issued 38.0 million common shares through at-the-market offerings for net proceeds of $401 million during the quarter.
- Management attributed the quarter's results to wider mortgage spreads in March amid conflict in Iran and the Middle East.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
