NASDAQ$AGNC

AGNC Investment Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

AGNC reported financial results for Q4 2021.

AGNC Investment Corp. announced financial results for the quarter ended December 31, 2021. The company reported a comprehensive loss per common share of $(0.31). The tangible net book value per common share decreased to $15.75. The economic return on tangible common equity was -1.8%.

  • $(0.31) comprehensive loss per common share, comprised of $(0.10) net loss per common share and $(0.21) other comprehensive loss ("OCI") per common share on investments marked-to-market through OCI
  • $0.75 net spread and dollar roll income per common share, excluding estimated "catch-up" premium amortization cost
  • $15.75 tangible net book value per common share as of December 31, 2021, decreased $(0.66) per common share, or -4.0%, from $16.41 per common share as of September 30, 2021
  • $0.36 dividends declared per common share for the fourth quarter
  • -1.8% economic return on tangible common equity for the quarter, comprised of $0.36 dividends per common share and $(0.66) decrease in tangible net book value per common share

Headline financials

Total Revenue

$247M

Previous: $183M+35.0%
EPS (adj)

$0.75

Previous: $0.75+0.0%
Net Interest Spread

2.1%

Previous: 2.0%+6.4%
Net Income

-$27M

Previous: $775M-103.5%
Operating Income

$247M

No prior period
Cash & Equivalents

$998M

Previous: $1.02B-1.9%
Total Assets

$68.1B

Previous: $81.8B-16.7%
Stock-Based Comp

$5M

Previous: $6M-16.7%

Revenue & EPS history

AGNC · Revenue · Quarterly

$247M

Q4 2021+35%vs Q4 2020
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Forward guidance

Market conditions will likely remain challenging as the Fed pivots from near zero short term rates and quantitative easing to higher rates and quantitative tightening in 2022. Accordingly, we plan to continue to operate with a more defensive position, characterized by lower leverage and significant hedge protection, which provides AGNC with capacity and flexibility to take advantage of attractive investment opportunities as they arise.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.8%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+9.2%

Q1 2022

Best reaction

-9.1%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%+2.3%-4.8%
Q4 2025+3.2%-3.4%-3.8%
Q3 2025-0.5%+1.0%-0.3%
Q2 2025+0.2%+1.0%+5.9%
Q1 2025+3.6%+8.5%+8.0%
Q4 2024+0.8%+1.8%+6.4%
Q3 2024-5.6%-6.3%-9.0%
Q2 2024+1.0%-1.7%-0.7%
Q1 2024+2.4%+2.0%+6.8%
Q4 2023-0.4%+0.2%-3.2%
Q3 2023+5.4%+19.3%+27.9%
Q2 2023+3.0%+2.3%-4.2%
Q1 2023-3.0%-1.4%-11.7%
Q4 2022-0.7%+2.4%-9.3%
Q3 2022+2.2%+5.7%+27.3%
Q2 2022-0.2%+3.8%+2.1%
Q1 2022+9.2%+13.0%+10.8%
Q4 2021-0.5%-3.5%-10.6%
Q3 2021-0.2%-3.8%-3.1%
Q2 2021+0.4%-1.6%+2.0%
Q1 2021+1.6%+2.6%+6.4%
Q4 2020+0.1%-3.3%+2.7%
Q3 2020+0.4%-1.6%+10.3%
Q2 2020+0.4%+0.6%+3.9%
Q1 2020-2.1%-2.2%+2.0%
Q4 2019+0.4%+1.2%-7.4%
Q3 2019+2.4%+2.2%+4.0%
Q2 2019-1.9%-0.6%-10.8%
Q1 2019-2.0%-2.5%-6.2%
Q4 2018-1.1%-1.5%-3.0%
Q3 2018+2.7%+2.7%-1.0%
Q2 2018+1.1%+2.3%+0.7%
Q1 2018+1.2%+0.3%+1.2%
Q4 2017-1.5%-4.5%-4.9%
Q3 2017-5.0%-6.1%-6.4%
Q2 2017+0.6%+0.6%+2.8%
Q1 2017+2.3%+1.4%-1.6%
Q4 2016+0.9%+2.8%+4.8%
Q3 2016+3.6%+1.8%-2.9%
Q2 2016-0.3%-0.1%+0.2%
Q1 2016-1.8%
Q4 2015+2.1%
Q3 2015-5.4%
Q2 2015+1.7%
Q1 2015-3.6%
Q4 2014+0.8%
Q3 2014+0.4%
Q2 2014-0.4%
Q1 2014-1.6%
Q4 2013+1.8%
Q3 2013-9.1%
Q2 2013+6.7%
Q1 2013-7.1%
Q4 2012-3.4%
Q3 2012+0.3%
Q2 2012+1.0%
Q1 2012+1.9%
Q4 2011+0.3%
Q3 2011+2.1%
Q2 2011+6.3%
Q1 2011+0.4%
Q4 2010+0.6%
Q3 2010-0.8%
Q2 2010+2.2%
Q1 2010+1.7%

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