Every material Form 8-K Ellington Financial filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ellington Financial amended its existing equity distribution agreements and added Citadel Securities and Moelis & Company as sales agents for its at-the-market common stock offering. The offering now has up to $500 million of common stock available for sale through the agents, issued under an automatic shelf registration statement. Shareholders may face dilution if these shares are sold, though the company has no obligation to sell any shares.
On December 23, 2025, the company amended its existing sales agreements dated September 30, 2024 and entered new agreements with Citadel Securities and Moelis & Company.
Shares with a maximum aggregate offering price of up to $500 million remain available for sale through the agents.
Each agent is entitled to compensation of up to 2.0% of gross proceeds from shares it sells.
The shares will be issued under Form S-3 (File No. 333-292424) with a prospectus supplement dated December 23, 2025.
Ellington Financial reported third-quarter 2025 results on November 5, 2025. GAAP net income attributable to common stockholders was $0.29 per share, down from $0.45 in the prior quarter, while Adjusted Distributable Earnings were $0.53 per share. Net interest income rose to $49.7 million from $43.3 million, and the company priced $400 million of five-year senior unsecured notes, which shifts more of its borrowing to longer-term financing.
Net income attributable to common stockholders was $29.5 million, or $0.29 per share, for the quarter ended September 30, 2025, compared with $42.9 million, or $0.45 per share, for the quarter ended June 30, 2025.
Adjusted Distributable Earnings were $54.2 million, or $0.53 per share, including $16.1 million, or $0.16 per share, from Longbridge.
Book value per common share was $13.40 as of September 30, 2025, including the effects of $0.39 per share in dividends for the quarter.
Recourse debt-to-equity ratio was 1.8:1 as of September 30, 2025; $400 million of senior unsecured notes priced at a 7.375% yield and closed after quarter end.
Ellington Financial Inc. said subsidiaries issued $400 million of 7.375% unsecured senior notes maturing September 30, 2030, in a private offering to qualified institutional buyers and non-U.S. persons. The company expects to use the net proceeds for general corporate purposes, including repaying part of its repurchase agreement borrowings and funding additional asset purchases.
Principal amount of $400 million; notes mature September 30, 2030 and bear interest at 7.375% per year, payable semi-annually from March 31, 2026
Company fully and unconditionally guarantees the notes; they are unsecured and rank pari passu with existing and future senior unsecured debt of the issuers
Optional redemption starts at 103.688% of principal in 2027, stepping down to 100% from 2029; change of control repurchase price is 101.0% of principal
Indenture requires a ratio of Consolidated Unencumbered Assets to Unsecured Indebtedness of at least 1.20 to 1.0
Ellington Financial reported second-quarter 2025 net income attributable to common stockholders of $42.9 million, or $0.45 per share, compared with $31.6 million, or $0.35 per share, in the first quarter. Adjusted Distributable Earnings were $45.0 million, or $0.47 per share, against dividends of $0.39 per share for the quarter, and book value per common share was $13.49 as of June 30, 2025.
Net income attributable to common stockholders of $42.9 million, or $0.45 per share, for the quarter ended June 30, 2025, versus $31.6 million, or $0.35 per share, for the quarter ended March 31, 2025
Adjusted Distributable Earnings of $45.0 million, or $0.47 per share, including $0.13 per share from Longbridge
Book value per common share of $13.49 as of June 30, 2025, after dividends of $0.39 per share for the quarter
Monthly dividend of $0.13 per common share declared on August 7, 2025; conference call set for 11:00 a.m. Eastern Time on August 8, 2025
Ellington Financial Inc. (NYSE: EFC) said it estimates net income of $0.43 to $0.47 per share for the quarter ended June 30, 2025, and expects that to be higher than the prior quarter. The company also estimates book value per share of $13.47 to $13.51 as of June 30, 2025. The figures are preliminary, unaudited, and may change materially before final results are released on August 7, 2025.
Estimated Q2 2025 net income per share: $0.43 to $0.47, a sequential increase from Q1 2025
Estimated book value per share at June 30, 2025: $13.47 to $13.51, including $0.39 per share in dividends declared during the quarter
Company also expects Adjusted Distributable Earnings to rise from Q1 2025
Final Q2 2025 results are scheduled for release on August 7, 2025; PricewaterhouseCoopers has not reviewed the preliminary figures
Ellington Financial reported net income attributable to common stockholders of $31.6 million, or $0.35 per share, for the quarter ended March 31, 2025, up from $22.4 million, or $0.25 per share, in the prior quarter. Adjusted distributable earnings were $35.5 million, or $0.39 per share, and book value per common share was $13.44 as of March 31, 2025, after dividends of $0.39 per share for the quarter. The company also declared a monthly dividend of $0.13 per common share on May 7, 2025.
Net income attributable to common stockholders of $31.6 million, or $0.35 per share, versus $22.4 million, or $0.25 per share, for the quarter ended December 31, 2024
Adjusted distributable earnings of $35.5 million, or $0.39 per common share
Book value per common share of $13.44 as of March 31, 2025
Monthly dividend of $0.13 per common share declared May 7, 2025; the company will hold a conference call on May 8, 2025 at 11:00 a.m. Eastern Time
Ellington Financial Inc. disclosed an Eighth Amended and Restated Management Agreement with its operating partnership and manager, effective April 1, 2025, replacing the 2018 agreement. The company says the changes are mostly administrative, including a simplified calculation of the Hurdle Amount used in the manager's incentive fee, which it does not expect to have a material impact on that fee.
New Management Agreement entered into March 11, 2025 and effective April 1, 2025, replacing the agreement dated March 13, 2018
Hurdle Amount calculation simplified; the company and manager do not expect a material impact on the incentive fee
Initial term expires December 31, 2025, then renews automatically for one-year periods unless terminated
Ellington Financial reported net income attributable to common stockholders of $22.4 million, or $0.25 per share, for the quarter ended December 31, 2024, up from $16.2 million, or $0.19 per share, in the third quarter. Adjusted distributable earnings were $40.6 million, or $0.45 per share, which covered the $0.39 per share in dividends for the quarter. Book value per common share was $13.52 as of December 31, 2024.
Net income attributable to common stockholders of $22.4 million, or $0.25 per share, versus $16.2 million, or $0.19 per share, in the third quarter of 2024
Adjusted distributable earnings of $40.6 million, or $0.45 per share, versus $0.39 per share in dividends for the quarter
Book value per common share of $13.52 as of December 31, 2024
Monthly dividend of $0.13 per common share declared on February 10, 2025
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Ellington Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →