IVR
Invesco Mortgage Capital Inc.8.16
-0.01-0.12%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
578.92MP/E (TTM)
17.00Basic EPS (TTM)
0.48Dividend Yield
0.17%Recent Filings
8-K
IVR Q3 profit surges on RMBS gains
Invesco Mortgage Capital swung to net income of $0.74 per common share in Q3 2025, up from a $0.40 loss last quarter, fueled by robust Agency RMBS gains amid easing rate volatility and strong demand. Book value climbed 4.5% to $8.41, blending with the steady $0.34 dividend for an 8.7% economic return, while leverage edged to 6.7x. Momentum persists; book value now hovers at $8.31-$8.65 as of October 24. Yet risks balance near-term after the rally.
10-Q
Q2 FY2025 results
Invesco Mortgage Capital posted a Q2 net loss of $23.3M, wider than the $13.5M loss last year, as derivative losses of $30.9M overshadowed a $9.1M y/y net interest income jump to $17.7M from lower funding costs. Year-to-date, the company swung to a $3.7M loss from $15.7M profit, with YTD net interest up 134% to $36.6M (derived), yet offset by $107.6M in derivative hits amid rate swings. Book value per share dipped to $8.05 from $8.92 at year-end, reflecting volatility. Liquidity holds firm at $59.4M cash plus $302.9M unencumbered assets against $4.6B debt at 4.48%. Repurchased 96,803 Series C preferred shares in Q2. Interest rate volatility remains a key watch.
8-K
New ATM equity program launched
Invesco Mortgage Capital terminated its prior equity distribution agreement on August 8, 2025, after selling about 11.4 million common shares under it, then inked a fresh one allowing up to 25 million shares through BTIG, Citizens JMP, Janney, and JonesTrading. This setup enables at-the-market sales on the NYSE, with agents earning up to 2% commissions, bolstering capital access without obligations. No sales are guaranteed. Termination hit no penalties.
8-K
Q2 net loss amid volatility
Invesco Mortgage Capital swung to a Q2 2025 net loss of $0.40 per common share from Q1's $0.26 income, hammered by tariff-driven volatility that spiked rates and squeezed hedge valuations, while earnings available for distribution dipped to $0.58 per share. Book value per common share fell to $8.05 from $8.81, with leverage easing to 6.5x debt-to-equity amid a defensive shift. Markets rebounded post-pause, yet uncertainty lingers. Agency RMBS dipped early but recovered.
8-K
Board appoints new director, declares dividend
Invesco Mortgage Capital replaced departing executive director Beth Zayicek with Robert Waldner Jr., a seasoned Invesco Fixed Income strategist, effective June 24, 2025, maintaining internal oversight amid her May exit. The board also declared a $0.34 per share common stock dividend for Q2 2025, payable July 25 to July 7 record holders. This signals steady governance. Yet dividend continuity hinges on market risks.
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