Ellington Financial Q4 net income falls to $14.7 million, or $0.14 per share
Ellington Financial reported fourth-quarter 2025 net income attributable to common stockholders of $14.7 million, or $0.14 per share, down from $29.5 million, or $0.29 per share, in the third quarter. Adjusted Distributable Earnings were $51.4 million, or $0.47 per share, which the company said substantially exceeded its $0.39 per share dividend, while net interest income rose to $53.6 million from $49.7 million. The mixed results matter to shareholders because the GAAP profit measure roughly halved even as the company's earnings-based dividend coverage and balance sheet measures were highlighted.
Key points
- Net income attributable to common stockholders was $14.7 million, or $0.14 per share, for the quarter ended December 31, 2025, compared with $29.5 million, or $0.29 per share, for the quarter ended September 30, 2025.
- Adjusted Distributable Earnings were $51.4 million, or $0.47 per share; dividends for the quarter were $0.39 per share.
- Book value per common share was $13.16 as of December 31, 2025.
- The company issued $400 million of unsecured notes on October 6, 2025, and its recourse debt-to-equity ratio was 1.9:1 as of December 31, 2025.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing 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 February 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.