NYSE$NLY

Annaly Capital Management Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Annaly's financial performance for Q4 2019 was announced.

Annaly Capital Management reported a GAAP net income of $0.82 per average common share and core earnings (excluding PAA) of $0.26 per average common share for Q4 2019. The economic return was 7.6% for the quarter, and the company's book value per common share increased to $9.66.

  • GAAP net income was $0.82 per average common share for the quarter.
  • Core earnings (excluding PAA) were $0.26 per average common share for the quarter.
  • The economic return was 7.6% for the quarter.
  • Book value per common share increased to $9.66, up from $9.21 in the prior quarter.

Headline financials

Total Revenue

$1.07B

Previous: $860M+24.9%
EPS (adj)

$1.04

Previous: $1.16-10.3%
Net Interest Margin

1.7%

No prior period
Yield on Assets

3.5%

No prior period
GAAP Cost of Liabilities

2.0%

No prior period
Net Interest Spread

1.5%

No prior period
Experienced CPR

17.8%

No prior period
Long-Term CPR

13.9%

No prior period
Economic Leverage Ratio

7.2

No prior period
Net Income

$1.21B

Previous: -$2.25B+153.6%
Operating Income

$1.21B

No prior period
Cash & Equivalents

$1.85B

Previous: $1.74B+6.6%
Total Assets

$130B

Previous: $106B+23.2%

Revenue & EPS history

Annaly · Revenue · Quarterly

$1.07B

Q4 2019+24.9%vs Q4 2018
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Annaly · $76B total across 3 segments · Q3 2020

  • Agency MBS
    $74.9B
  • Non-Agency MBS
    $718M
  • CRT Securities
    $412M

Forward guidance

Annaly anticipates a constructive outlook for the year, given a robust global economy, more accommodative Fed policy and increased role for private capital in the housing market.

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 2019

Historical avgQ4 2019

+0.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.1%

Avg return

30 days after

45%

33 / 73 earnings

Positive

+5.9%

Q2 2022

Best reaction

-6.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%-0.7%-3.1%
Q4 2025-1.1%-5.9%-4.2%
Q3 2025-1.9%-1.1%+3.2%
Q2 2025+0.0%+0.4%+5.6%
Q1 2025-0.9%-3.0%-3.3%
Q4 2024+3.6%+3.7%+11.1%
Q3 2024+0.3%-2.3%+0.9%
Q2 2024-3.3%-1.7%-1.5%
Q1 2024+0.3%+2.4%+4.5%
Q4 2023-0.5%+0.9%+3.9%
Q3 2023-3.8%-3.8%+12.0%
Q2 2023-2.5%-2.4%-4.2%
Q1 2023+4.0%+1.8%-2.8%
Q4 2022-6.7%-6.0%-21.1%
Q3 2022+2.4%+4.9%+22.5%
Q2 2022+5.9%+7.6%+2.3%
Q1 2022+4.6%+2.8%+4.9%
Q4 2021-0.9%-5.1%-6.5%
Q3 2021-1.4%-0.8%-3.9%
Q2 2021+1.8%-0.6%+3.2%
Q1 2021+1.0%+2.2%+4.0%
Q4 2020-1.2%-0.9%+2.1%
Q3 2020-0.1%+1.8%+14.8%
Q2 2020+2.5%+2.6%+2.2%
Q1 2020-0.2%-2.2%-1.6%
Q4 2019+3.4%+4.3%-30.9%
Q3 2019+0.4%+1.3%+4.4%
Q2 2019-2.9%-4.7%-14.2%
Q1 2019-3.3%-4.9%-12.7%
Q4 2018-1.8%-2.5%-1.2%
Q3 2018-0.6%-0.9%+1.3%
Q2 2018-1.2%-2.0%-0.9%
Q1 2018-1.3%+1.2%+1.0%
Q4 2017+1.8%+2.2%+1.6%
Q3 2017-1.5%-3.7%+3.0%
Q2 2017+0.6%+0.2%+3.1%
Q1 2017-1.9%-2.1%+2.9%
Q4 2016+3.3%+3.4%+5.2%
Q3 2016-0.2%+0.3%-2.7%
Q2 2016+0.8%+1.3%-0.4%
Q1 2016+3.1%
Q4 2015+1.2%
Q3 2015-3.5%
Q2 2015+1.3%
Q1 2015+0.2%
Q4 2014-0.7%
Q3 2014-0.6%
Q2 2014+1.7%
Q1 2014-1.0%
Q4 2013+3.5%
Q3 2013-4.0%
Q2 2013+4.5%
Q1 2013-2.8%
Q4 2012-0.9%
Q3 2012-3.8%
Q2 2012-1.2%
Q1 2012+1.3%
Q4 2011-0.5%
Q3 2011-0.7%
Q2 2011+1.9%
Q1 2011-0.5%
Q4 2010+1.2%
Q3 2010-0.7%
Q2 2010+2.1%
Q1 2009-2.5%
Q1 2010+1.4%
Q4 2007+2.5%
Q4 2009+2.5%
Q3 2008+1.3%
Q3 2009+1.3%
Q4 2008-0.8%
Q2 2008-0.8%
Q2 2009-0.8%

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