FOR IMMEDIATE RELEASE
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AGNC INVESTMENT CORP.
ANNOUNCES FOURTH QUARTER 2020 FINANCIAL RESULTS
Bethesda, MD - January 25, 2021 - AGNC Investment Corp. (“AGNC” or the “Company”) (Nasdaq: AGNC) today announced financial results for the quarter ended December 31, 2020.
FOURTH QUARTER 2020 FINANCIAL HIGHLIGHTS
•$1.16 comprehensive income per common share, comprised of:
◦$1.37 net income per common share
◦$(0.21) other comprehensive loss ("OCI") per common share on investments marked-to-market through OCI
•$0.75 net spread and dollar roll income per common share, excluding estimated "catch-up" premium amortization cost 1
◦Includes $0.32 per common share of dollar roll income associated with the Company's $33.8 billion average net long position in forward purchases and sales of Agency mortgage-backed securities ("MBS") in the "to-be-announced" ("TBA") market
◦Excludes $(0.20) per common share of estimated "catch-up" premium amortization cost due to change in projected constant prepayment rate ("CPR") estimates
•$16.71 tangible net book value per common share as of December 31, 2020
◦Increased $0.83 per common share, or 5.2%, from $15.88 per common share as of September 30, 2020
•$0.36 dividends declared per common share for the fourth quarter
•7.5% economic return on tangible common equity for the quarter
◦Comprised of $0.36 dividends per common share and $0.83 increase in tangible net book value per common share
The following information was filed by Agnc Investment Corp. (AGNC) on Monday, January 25, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.