NYSE$TWO
Two Harbors Investment Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced financial results for the quarter ended December 31, 2023.
Two Harbors Investment Corp. reported a comprehensive income of $38.9 million, or $0.40 per weighted average basic common share, and an Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share for Q4 2023. The company also declared a fourth quarter common stock dividend of $0.45 per share and reported a book value of $15.21 per common share.
- Reported book value of $15.21 per common share, and declared a fourth quarter common stock dividend of $0.45 per share, representing a 2.0% quarterly economic return on book value.
- Generated Comprehensive Income of $38.9 million, or $0.40 per weighted average basic common share.
- Generated Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share.
- Issued 7.0 million shares of common stock through at-the-market (ATM) offering program for total proceeds of $97.8 million.
Headline financials
Revenue & EPS history
Two Harbors · Revenue · Quarterly
-$45.7M
Revenue by segment
Two Harbors · $3.07B total across 1 segment · Q1 2023
- MSR Servicing Income$3.07B—100.0%
Forward guidance
Looking ahead to 2024, Two Harbors believes that its portfolio, with less mortgage spread duration than portfolios without MSR, is very well positioned to benefit from the current and expected market environments.
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 2023
-0.3%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.0%
Avg return
30 days after
45%
29 / 64 earnings
Positive
+16.7%
Q3 2023
Best reaction
-11.5%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +10.7% | +12.0% | |
| Q4 2025 | +0.4% | -6.8% | -19.0% | |
| Q3 2025 | +0.2% | -1.0% | +4.0% | |
| Q1 2025 | +3.5% | -1.1% | -7.3% | |
| Q4 2024 | +6.7% | +8.4% | +20.5% | |
| Q3 2024 | -7.1% | -11.5% | -8.8% | |
| Q2 2024 | -1.5% | -3.4% | +2.8% | |
| Q1 2024 | +0.8% | +4.5% | -0.4% | |
| Q4 2023 | -5.8% | -7.3% | -7.7% | |
| Q3 2023 | +16.7% | +32.8% | +39.4% | |
| Q2 2023 | +0.7% | -0.2% | +0.5% | |
| Q1 2023 | -10.3% | -14.9% | -10.7% | |
| Q4 2022 | -1.9% | +1.1% | -14.0% | |
| Q3 2022 | +5.0% | +14.9% | +10.8% | |
| Q2 2022 | -2.1% | -3.4% | -9.5% | |
| Q1 2022 | +3.0% | +3.4% | +5.1% | |
| Q4 2021 | +0.2% | -3.0% | -2.2% | |
| Q3 2021 | -1.9% | -2.6% | -3.4% | |
| Q2 2021 | -0.3% | +0.2% | +2.4% | |
| Q1 2021 | -11.5% | -9.0% | -4.9% | |
| Q4 2020 | +3.7% | -5.9% | +9.3% | |
| Q3 2020 | -1.3% | +4.9% | +21.8% | |
| Q2 2020 | -4.5% | +8.2% | -1.7% | |
| Q1 2020 | -1.3% | -5.1% | +21.4% | |
| Q4 2019 | +0.8% | -1.3% | -11.4% | |
| Q3 2019 | +2.2% | +4.1% | +5.6% | |
| Q2 2019 | +2.1% | +4.0% | +0.5% | |
| Q1 2019 | -1.0% | -1.2% | -8.7% | |
| Q4 2018 | -3.6% | -4.6% | -5.3% | |
| Q3 2018 | -3.0% | -2.0% | -2.2% | |
| Q2 2018 | +1.5% | +2.9% | +6.4% | |
| Q1 2018 | -1.2% | -0.3% | +1.3% | |
| Q4 2017 | +1.8% | +3.9% | +7.6% | |
| Q3 2017 | +1.8% | +0.7% | +6.9% | |
| Q2 2017 | +1.3% | +1.9% | +2.6% | |
| Q1 2017 | -0.3% | -0.3% | +3.8% | |
| Q4 2016 | +0.2% | +1.9% | +4.8% | |
| Q3 2016 | +0.6% | +2.5% | +3.2% | |
| Q2 2016 | +2.1% | +2.9% | +4.5% | |
| Q1 2016 | +5.5% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | -4.9% | — | — | |
| Q2 2015 | -3.2% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | +2.3% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | +1.7% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2013 | +7.0% | — | — | |
| Q4 2012 | -2.2% | — | — | |
| Q3 2012 | -6.4% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | -1.5% | — | — | |
| Q1 2010 | -1.5% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q2 2011 | -5.3% | — | — | |
| Q2 2010 | -5.3% | — | — |
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