NYSE$EFC
Ellington Financial Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported financial results for the second quarter of 2024, showing net income attributable to common stockholders of $52.3 million, or $0.62 per common share, and adjusted distributable earnings of $28.3 million, or $0.33 per common share.
Ellington Financial reported a non-annualized economic return of 4.5% for Q2 2024, driven by contributions from diversified credit and Agency portfolios, and the Longbridge reverse mortgage platform. The company saw strong performance in non-QM loans and robust earnings from Longbridge, along with benefits from residential transition and commercial mortgage loan strategies.
- Net income attributable to common stockholders was $52.3 million, or $0.62 per common share.
- Adjusted Distributable Earnings amounted to $28.3 million, or $0.33 per common share.
- Book value per common share as of June 30, 2024 was $13.92, including dividends of $0.39 per common share for the quarter.
- Cash and cash equivalents totaled $198.5 million as of June 30, 2024, with additional unencumbered assets of $565.1 million.
Headline financials
Revenue & EPS history
Ellington Financial · Revenue · Quarterly
$100M
Forward guidance
Ellington Financial anticipates continued portfolio and earnings growth for the remainder of the year, supported by a strong investment pipeline across diversified proprietary loan origination channels and access to compelling term financing in the securitization markets.
Tailwinds
- Strong investment pipeline across diversified proprietary loan origination channels.
- Loan originators showing strong profitability and feeding the investment pipeline.
- Ability to access compelling term, non-mark-to-market financing in the securitization markets.
- Successful completion of second securitization of proprietary reverse mortgage loans with stronger execution.
- Continued strong loan demand improved industrywide gain-on-sale margins and origination volumes.
Headwinds
- No specific negatives were mentioned in the provided text.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+0.5%
Avg return
Earnings day
+0.9%
Avg return
5 days after
-0.0%
Avg return
30 days after
65%
40 / 62 earnings
Positive
+7.9%
Q4 2024
Best reaction
-7.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | -2.1% | — | |
| Q4 2025 | +0.5% | -1.8% | -7.7% | |
| Q3 2025 | +1.0% | +2.0% | +0.4% | |
| Q1 2025 | +1.3% | +2.3% | -0.7% | |
| Q4 2024 | +7.9% | +2.3% | -0.2% | |
| Q3 2024 | +4.0% | +3.7% | +2.7% | |
| Q2 2024 | +4.4% | +6.6% | +9.1% | |
| Q1 2024 | +0.3% | +1.6% | +2.6% | |
| Q4 2023 | -7.2% | -6.7% | -4.5% | |
| Q3 2023 | -1.5% | +0.0% | +0.8% | |
| Q2 2023 | -0.1% | -0.2% | -1.1% | |
| Q1 2023 | +1.0% | +1.7% | +9.2% | |
| Q4 2022 | -2.0% | -4.0% | -13.5% | |
| Q3 2022 | +3.2% | +10.2% | +1.3% | |
| Q2 2022 | -1.9% | -1.1% | -11.2% | |
| Q1 2022 | -5.9% | -11.0% | -7.0% | |
| Q4 2021 | +0.8% | +3.0% | +4.6% | |
| Q3 2021 | -1.2% | -2.8% | -4.7% | |
| Q2 2021 | +1.4% | +1.1% | +2.2% | |
| Q1 2021 | +0.4% | +0.4% | +6.5% | |
| Q4 2020 | +0.3% | +0.4% | +2.4% | |
| Q3 2020 | +0.3% | +7.1% | +16.1% | |
| Q2 2020 | +0.2% | +2.5% | +2.0% | |
| Q1 2020 | +7.2% | -0.9% | +23.2% | |
| Q4 2019 | +0.8% | +1.1% | -35.8% | |
| Q3 2019 | +1.9% | +3.4% | +0.0% | |
| Q2 2019 | +1.4% | +1.3% | +1.2% | |
| Q1 2019 | +0.1% | +0.3% | -2.6% | |
| Q4 2018 | -0.9% | -1.0% | +4.6% | |
| Q3 2018 | +4.3% | +5.1% | +0.9% | |
| Q2 2018 | +0.4% | +0.7% | -0.6% | |
| Q1 2018 | +2.0% | +4.4% | +4.5% | |
| Q4 2017 | +1.2% | +2.8% | +2.0% | |
| Q3 2017 | -0.3% | -1.0% | -2.9% | |
| Q2 2017 | -1.0% | -0.1% | -2.6% | |
| Q1 2017 | +1.7% | +1.4% | +0.7% | |
| Q4 2016 | -0.1% | -0.6% | -2.1% | |
| Q3 2016 | -0.4% | +2.6% | +0.4% | |
| Q2 2016 | +0.9% | +1.6% | -0.6% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | +0.7% | — | — | |
| Q3 2014 | -1.7% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +2.7% | — | — | |
| Q4 2012 | +4.6% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | -2.3% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -0.6% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q2 2011 | +0.8% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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