NYSE$IVR

Invesco Mortgage Capital Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced financial results for the second quarter of 2021.

Invesco Mortgage Capital Inc. reported earnings available for distribution of $0.10 per common share for Q2 2021. The company redeemed $140.0 million of Series A Preferred Stock and raised $145.9 million of common equity during the quarter. However, Agency RMBS sharply underperformed, resulting in a 12.1% decrease in book value per common share and a (9.6%) economic return for the quarter.

  • Net loss per common share of $0.34 compared to $0.09 in Q1 2021
  • Earnings available for distribution per common share of $0.10 compared to $0.11 in Q1 2021
  • Common stock dividend of $0.09 per common share compared to $0.09 per common share in Q1 2021
  • Book value per common share of $3.21 compared to $3.65 at Q1 2021

Headline financials

Total Revenue

$46.3M

Previous: $29.7M+55.8%
EPS (adj)

$1.00

Previous: -$18.00+105.6%
Average Net Interest Rate Margin

2.1%

Previous: 6.2%-65.5%
Debt-to-Equity Ratio

5.7

Previous: 0.6+850.0%
Effective Interest Rate Margin

1.6%

No prior period
Economic Debt-to-Equity Ratio

6.8

No prior period
Free Cash Flow

-$73.8M

Previous: -$289M+74.5%
Net Income

-$73.8M

Previous: -$289M+74.5%
Operating Income

$38.7M

Previous: $15.9M+144.2%
Gross Profit

$46.3M

Previous: $29.7M+55.8%
Cash & Equivalents

$135M

Previous: $270M-50.2%
Total Assets

$9.28B

Previous: $1.95B+375.9%

Revenue & EPS history

Invesco Mortgage Capital · Revenue · Quarterly

$46.3M

Q2 2021+55.8%vs Q2 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

Company provided forward guidance in the earnings call.

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 Q2 2021

Historical avgQ2 2021

-0.1%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-2.8%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+13.3%

Q3 2020

Best reaction

-8.4%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+1.7%-2.7%
Q4 2025-3.4%-0.1%-5.3%
Q3 2025+0.3%+0.4%+9.2%
Q2 2025-0.4%-0.4%-1.7%
Q1 2025+1.8%+3.8%+3.0%
Q4 2024-0.9%-1.3%-3.1%
Q3 2024-1.0%+3.5%+3.7%
Q2 2024+1.4%-0.5%+0.1%
Q1 2024+1.4%+1.4%+0.4%
Q4 2023-0.1%+2.1%+9.2%
Q3 2023-3.6%-4.4%+2.8%
Q2 2023-2.2%-1.9%-3.4%
Q1 2023+6.6%+4.6%+3.7%
Q4 2022-4.2%-6.1%-23.3%
Q3 2022-2.2%+2.0%+14.3%
Q2 2022+2.0%+1.9%-7.9%
Q1 2022-8.1%-9.7%-5.4%
Q4 2021-6.3%-11.4%-13.7%
Q3 2021+1.9%+2.8%-7.8%
Q2 2021-6.7%-7.9%-9.6%
Q1 2021-5.2%-7.3%-12.3%
Q4 2020+3.2%+5.1%+4.9%
Q3 2020+13.3%+11.8%+17.8%
Q2 2020+3.8%+3.8%-8.9%
Q1 2020-3.7%-15.4%-21.9%
Q4 2019+0.5%-0.8%-69.4%
Q3 2019+3.5%+2.9%+5.1%
Q2 2019+2.6%+1.7%-7.5%
Q1 2019-0.2%-0.7%-1.6%
Q4 2018-0.4%+0.0%+0.7%
Q3 2018-0.8%-0.1%+2.1%
Q2 2018-1.4%-1.9%+1.3%
Q1 2018+2.3%-0.1%+1.6%
Q4 2017-2.1%-1.3%-0.1%
Q3 2017-1.5%-1.7%+7.5%
Q2 2017+1.9%+0.8%+0.5%
Q1 2017+0.4%-2.9%+2.7%
Q4 2016-0.2%-1.4%-2.6%
Q3 2016+0.7%+0.1%-2.1%
Q2 2016+4.7%+5.7%+7.7%
Q1 2016+4.4%
Q4 2015+5.1%
Q3 2015+2.3%
Q2 2015+0.3%
Q1 2015+1.0%
Q4 2014+3.4%
Q3 2014-2.4%
Q2 2014+0.5%
Q1 2014+0.3%
Q4 2013-1.8%
Q3 2013-8.4%
Q2 2013-3.3%
Q1 2013-3.4%
Q4 2012-1.1%
Q4 2011-1.3%
Q3 2012+1.3%
Q2 2012-2.5%
Q1 2012-0.3%
Q3 2011-1.0%
Q2 2011+4.8%
Q1 2011+0.5%
Q4 2010+0.6%
Q3 2010-1.5%
Q2 2010-0.6%
Q1 2010-1.0%

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