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AI brief of an SEC Form 8-K · Ellington Financial (EFC)

Ellington Financial Q3 net income falls to $16.2 million, or $0.19 a share

Negative Impact 4 of 5 earnings Written later

Ellington Financial reported third-quarter 2024 net income attributable to common stockholders of $16.2 million, or $0.19 per share, down from $52.3 million, or $0.62 per share, in the second quarter. Adjusted Distributable Earnings of $34.5 million, or $0.40 per share, covered its dividends, while the company's leverage rose as its credit loan portfolio grew 19%.

Key points

  • Net income attributable to common stockholders was $16.2 million, or $0.19 per share, versus $52.3 million, or $0.62 per share, in the quarter ended June 30, 2024.
  • Adjusted Distributable Earnings were $34.5 million, or $0.40 per share.
  • Book value per common share was $13.66 as of September 30, 2024, after dividends of $0.39 per share for the quarter.
  • Recourse debt-to-equity ratio rose to 1.8:1 from 1.6:1, and the company plans to redeem its Series E Preferred Stock on December 13, 2024.

The filing

CompanyEllington Financial (EFC)
Form8-K, current report
Filed with the SECNov 6, 2024, 5:02 PM ET
Accession number0001411342-24-000107

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.

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.