NYSE$EFC
Ellington Financial Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2024.
Ellington Financial's investment portfolio expanded, driven by growth in high-yielding loan portfolios. Non-QM and proprietary reverse mortgage loan businesses performed strongly, contributing to net income of $0.19 per share. Adjusted distributable earnings increased to $0.40 per share, covering dividends.
- Net income attributable to common stockholders was $16.2 million, or $0.19 per common share.
- Adjusted Distributable Earnings of $34.5 million, or $0.40 per common share.
- Book value per common share as of September 30, 2024 was $13.66, including the effects of dividends of $0.39 per common share for the quarter.
- Cash and cash equivalents of $217.7 million as of September 30, 2024, in addition to other unencumbered assets of $546.8 million.
Headline financials
Revenue & EPS history
Ellington Financial · Revenue · Quarterly
$107M
Forward guidance
Looking forward, we see support for adjusted distributable earnings from our larger investment portfolio, the additional dry powder we have to deploy, our continued progress in working out delinquent loan inventory, and our anticipated replacement in the fourth quarter of higher-cost debt and preferred equity with lower-cost debt.
Tailwinds
- Larger investment portfolio
- Additional dry powder to deploy
- Continued progress in working out delinquent loan inventory
- Anticipated replacement in the fourth quarter of higher-cost debt
- Replacement in the fourth quarter of preferred equity with lower-cost debt
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 Q3 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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