NYSE$IVR

Invesco Mortgage Capital Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for the quarter ended December 31, 2022.

Invesco Mortgage Capital Inc. reported a net income per common share of $0.84 for Q4 2022, a significant improvement compared to the net loss of $2.78 in Q3 2022. Earnings available for distribution per common share also increased to $1.46, driven by the company's rotation into higher-yielding Agency RMBS. The book value per common share remained relatively stable at $12.79.

  • Net income per common share was $0.84, compared to a net loss of $2.78 in Q3 2022.
  • Earnings available for distribution per common share increased to $1.46, compared to $1.39 in Q3 2022.
  • A common stock dividend of $0.65 per common share was maintained, unchanged from Q3 2022.
  • Book value per common share was $12.79, slightly down from $12.80 at the end of Q3 2022.

Headline financials

Total Revenue

$62.9M

Previous: $46M+36.6%
EPS (adj)

$1.46

Previous: $1.00+46.0%
Average Earning Asset Yields

5.3%

Previous: 2.0%+160.5%
Average Cost of Funds

3.4%

No prior period
Average Net Interest Rate Margin

2.0%

Previous: 2.2%-10.8%
Period-End Weighted Average Asset Yields

5.3%

No prior period
Period-End Weighted Average Cost of Funds

4.2%

No prior period
Period-End Weighted Average Net Interest Rate Margin

1.1%

No prior period
Debt-to-Equity Ratio

5.3

Previous: 5+6.0%
Economic Debt-to-Equity Ratio

5.3

Previous: 6.2-14.5%
Net Income

$30.6M

Previous: -$73M+141.9%
Operating Income

$36.5M

Previous: -$7.18M+607.6%
Cash & Equivalents

$176M

Previous: $357M-50.8%
Total Assets

$5.1B

Previous: $8.44B-39.6%

Revenue & EPS history

Invesco Mortgage Capital · Revenue · Quarterly

$62.9M

Q4 2022+36.6%vs Q4 2021
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

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 2022

Historical avgQ4 2022

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro