NYSE$IVR
Invesco Mortgage Capital Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Announced financial results, reporting net income per common share of $0.59, increased core earnings per common share to $0.10, raised common stock dividend to $0.08, and increased book value per common share to $3.86.
Invesco Mortgage Capital Inc. reported core earnings of $0.10 per common share for the fourth quarter of 2020. The company largely completed its portfolio reallocation to Agency residential mortgage-backed securities. Approximately 98% of the investment portfolio was invested in Agency RMBS at year end. The company maintained a sizeable balance of unrestricted cash and unencumbered investments of $744.8 million as of December 31, 2020.
- Reported net income per common share $0.59 compared to $0.53 per common share in Q3 2020
- Increased core earnings per common share $0.10 compared to $0.06 per common share in Q3 2020
- Raised common stock dividend $0.08 compared to $0.05 per common share in Q3 2020
- Increased book value per common share $3.86 compared to $3.47 per common share at Q3 2020
Headline financials
Revenue & EPS history
Invesco Mortgage Capital · Revenue · Quarterly
$38.3M
Forward guidance
The outlook for Agency RMBS remains constructive, as the asset class offers an attractive return profile, benefits from substantial liquidity and funding and is supported by ongoing purchases by the Federal Reserve.
Tailwinds
- Asset class offers an attractive return profile
- Benefits from substantial liquidity
- Benefits from substantial funding
- Supported by ongoing purchases by the Federal Reserve
- Company raised an additional $103.1 million in common equity earlier this month that was deployed into Agency RMBS
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 2020
-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
| Quarter | Report date | Reaction (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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