Earnings summaries and quarterly performance for Ellington Financial.
Executive leadership at Ellington Financial.
Board of directors at Ellington Financial.
Research analysts who have asked questions during Ellington Financial earnings calls.
TC
Trevor Cranston
Citizens JMP
5 questions for EFC
Also covers: AGNC, ARR, CIM +10 more
Bose George
Keefe, Bruyette & Woods
4 questions for EFC
Also covers: ACT, AGM, AGNC +25 more
Eric Hagen
BTIG
4 questions for EFC
Also covers: AGNC, AOMR, ARR +21 more
Crispin Love
Piper Sandler
3 questions for EFC
Also covers: ABL, ABR, AGNC +24 more
DH
Douglas Harter
UBS
2 questions for EFC
Also covers: ACRE, ACT, AGNC +42 more
ME
Matthew Erdner
JonesTrading Institutional Services
2 questions for EFC
Also covers: ACR, ADAM, AGNC +23 more
Randy Binner
B. Riley Securities
2 questions for EFC
Also covers: ARR, BRSP, BUR +14 more
Francesco Labetti
Keefe, Bruyette & Woods
1 question for EFC
Also covers: CIM, TWO
JW
Jason Weaver
Unaffiliated Analyst
1 question for EFC
Also covers: AGNC, ARR, BRSP +18 more
MH
Matthew Howlett
B. Riley Securities
1 question for EFC
Also covers: AOMR, BRSP, BUR +9 more
Randolph Binner
B. Riley Financial, Inc.
1 question for EFC
Also covers: ABL, AOMR, ARR +12 more
Timothy D'Agostino
B. Riley Securities
1 question for EFC
Also covers: ADAM, AOMR, ARR +12 more
Recent press releases and 8-K filings for EFC.
Ellington Financial Reports Strong Q4 2025 Results, Exceeding Dividends and Optimizing Capital Structure
EFC
Earnings
Debt Issuance
Dividends
- Ellington Financial reported Adjusted Distributable Earnings (ADE) of $0.47 per share for Q4 2025, which exceeded its $0.39 per share of dividends, marking six consecutive quarters of dividend coverage. The company also reported GAAP net income of $0.14 per share for the quarter.
- The company significantly strengthened its liability structure by completing a $400 million unsecured notes offering and redeeming its Series A preferred stock (which had a coupon over 9%) using proceeds from an accretive common equity offering. These actions increased long-term, non-mark-to-market financings to 30% from 17% of total recourse borrowings and increased unencumbered assets by 45% to $1.77 billion.
- EFC's investment portfolio expanded by 9% in Q4 2025, contributing to a nearly 20% year-over-year growth to almost $5 billion. This growth was supported by 25 securitizations completed in 2025 and the expansion of its securitization platform to encompass five different residential loan sectors.
- Strategic initiatives, including a residential loan origination portal generating around $400 million per month and a planned acquisition of a small residential mortgage servicer, are expected to drive continued portfolio growth and enhance vertical integration in 2026.
1 day ago
Ellington Financial Reports Strong Q4 2025 Performance and Strategic Balance Sheet Enhancements
EFC
Earnings
Debt Issuance
Dividends
- Ellington Financial reported Adjusted Distributable Earnings (ADE) of $0.47 per share for Q4 2025, exceeding its $0.39 per share dividend and marking six consecutive quarters of dividend coverage.
- The company significantly strengthened its balance sheet in 2025 through a $400 million unsecured notes offering and 25 securitizations, increasing long-term, non-mark-to-market financings to 30% of total recourse borrowings and unencumbered assets by 45% to $1.77 billion.
- EFC's investment portfolio expanded by almost 20% year-over-year to nearly $5 billion in 2025, supported by strong origination volumes and the success of its residential loan origination portal.
- In January 2026, the company redeemed its Series A preferred stock (with a coupon over 9%) using proceeds from an accretive common equity offering to lower its overall cost of capital.
1 day ago
Ellington Financial Announces Q4 2025 Results
EFC
Earnings
Dividends
Debt Issuance
- Ellington Financial reported net income of $14.7 million or $0.14 per share and Adjusted Distributable Earnings of $51.4 million or $0.47 per share for Q4 2025.
- The book value per common share was $13.16 as of Q4 2025, after total dividends declared of $0.39 for the quarter.
- A monthly dividend of $0.13 per common share was declared on February 9, 2026, representing a 12.5% dividend yield based on the February 25, 2026 closing stock price.
- The adjusted long credit portfolio increased by 15% to $4.11 billion, while the Longbridge portfolio decreased by 18% to $617.2 million due to securitizations during the quarter.
- The company maintained a recourse debt-to-equity ratio of 1.9:1 and a total debt-to-equity ratio of 9.0:1 as of Q4 2025.
1 day ago
Ellington Financial Reports Strong Q4 2025 Earnings and Strategic Growth
EFC
Earnings
Debt Issuance
New Projects/Investments
- Ellington Financial reported GAAP net income of $0.14 per share and Adjusted Distributable Earnings (ADE) of $0.47 per share for Q4 2025, with ADE exceeding its $0.39 per share dividend. The company achieved an annualized economic return of 4.6% for the quarter and ended the year with a book value per share of $13.16.
- The company significantly strengthened its liability structure in Q4 2025 by completing a $400 million unsecured notes offering and seven securitizations, contributing to a total of 25 securitizations for the year. This increased long-term non-mark-to-market financings to 30% and unsecured borrowings to 18% of total recourse borrowings.
- EFC's investment portfolio expanded by almost 20% year-over-year to nearly $5 billion, including a 15% increase in the adjusted long credit portfolio to $4.1 billion in Q4 2025. The residential loan origination portal flow reached approximately $400 million per month.
- Looking ahead, EFC is focused on growing its loan origination market share, maintaining strong credit performance, and driving disciplined portfolio growth, with an estimated economic return of approximately 2% for January 2026. The company is also in contract to acquire a small residential mortgage servicer.
1 day ago
Ellington Financial Reports Q4 2025 Earnings and Portfolio Growth
EFC
Earnings
Debt Issuance
New Projects/Investments
- Ellington Financial closed Q4 2025 with adjusted distributable earnings of $0.47 per share, which comfortably exceeded the $0.39 dividend for the sixth consecutive quarter, though GAAP net income was $0.14.
- The company's investment portfolio expanded approximately 9% in Q4 2025 to nearly $5.0 billion, driven by a 15% sequential increase in the long credit portfolio, and accelerated securitization activity with seven deals in Q4.
- Management completed a $400 million unsecured notes offering in Q4 2025, its largest to date, to extend duration and reduce short-term repo reliance, improving the balance sheet and funding mix.
- Post-quarter performance in January 2026 added roughly 2% to returns, and book value was up about 1% net of the dividend.
2 days ago
Ellington Financial Inc. Reports Q4 2025 Results
EFC
Earnings
Debt Issuance
New Projects/Investments
- Ellington Financial Inc. reported net income attributable to common stockholders of $14.7 million, or $0.14 per common share, and Adjusted Distributable Earnings of $51.4 million, or $0.47 per common share, for the fourth quarter ended December 31, 2025.
- The company's book value per common share was $13.16 as of December 31, 2025.
- The balance sheet was fortified by increasing long-term, non-mark-to-market financing, including the completion of seven securitizations and closing $400 million of Moody's- and Fitch-rated senior unsecured notes.
- The total adjusted long credit portfolio increased by 15% to $4.11 billion as of December 31, 2025, compared to $3.56 billion as of September 30, 2025.
2 days ago
Ellington Financial Inc. Reports Fourth Quarter 2025 Results
EFC
Earnings
Debt Issuance
New Projects/Investments
- Ellington Financial Inc. reported net income attributable to common stockholders of $14.7 million, or $0.14 per common share, and Adjusted Distributable Earnings of $51.4 million, or $0.47 per common share, for the quarter ended December 31, 2025.
- As of December 31, 2025, the company's book value per common share was $13.16.
- The recourse debt-to-equity ratio was 1.9:1, and the total debt-to-equity ratio, including all recourse and non-recourse borrowings, was 9.0:1 as of December 31, 2025.
- The Longbridge segment contributed $16.4 million to net income and $14.6 million to Adjusted Distributable Earnings for the quarter.
- The company increased long-term, non-mark-to-market financing through the completion of seven securitizations and the closing of a $400 million unsecured notes offering on October 6, 2025.
2 days ago
Ellington Financial Announces Estimated Book Value Per Common Share as of December 31, 2025
EFC
Guidance Update
Dividends
- Ellington Financial Inc. announced an estimated book value per common share of $13.16 as of December 31, 2025.
- This estimated book value includes the effect of a $0.13 per share monthly dividend, which was paid on January 30, 2026, to shareholders of record on December 31, 2025.
- The company noted that this estimated book value is subject to change upon completion of valuation procedures and may not be indicative of future results.
Feb 3, 2026, 12:06 AM
Ellington Financial Announces Estimated Book Value Per Common Share
EFC
Dividends
Guidance Update
- Ellington Financial announced an estimated book value per common share of $13.16 as of December 31, 2025.
- This estimate includes the effect of a previously announced monthly dividend of $0.13 per share of common stock.
- The dividend was paid on January 30, 2026, to holders of record on December 31, 2025.
- The company stated that the estimated book value per common share is subject to change upon completion of valuation procedures and may not be indicative of future results.
Feb 2, 2026, 9:15 PM
Ellington Financial Announces Redemption of Series A Preferred Stock
EFC
Dividends
Delisting/Listing Issues
- Ellington Financial Inc. (EFC) announced the redemption of all 4,600,000 outstanding shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: EFC PR A).
- The redemption is scheduled for February 27, 2026, at a price of $25.00 per share plus accrued and unpaid dividends to, but excluding, the Redemption Date.
- Following the redemption, the Series A Preferred Stock will be suspended from trading on the New York Stock Exchange (NYSE), and all rights of its holders will cease.
Jan 28, 2026, 2:13 PM
Quarterly earnings call transcripts for Ellington Financial.
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