Ellington Financial

Ellington Financial, Inc. operates as an investment trust. The firm engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ellington Financial reports solid Q4 performance amidst market challenges

Ellington Financial (EFC) delivered a solid Q4 performance, driven by strong contributions from Longbridge Financial and the Agency strategy. Despite challenges from spiked short-term interest rates impacting borrowing costs, EFC remains well-positioned with a strong liquidity position and a growing credit portfolio. The company is strategically focusing on market opportunities and acquisitions to drive future growth and profitability.

Ellington Financial (EFC) reports solid Q1 performance amidst strategic portfolio adjustments

Ellington Financial (EFC) delivered a strong performance in Q1 2023, showcasing effective capital management and strategic portfolio adjustments. While facing challenges such as regional banking distress and liquidity risks, the company remains optimistic about future opportunities and potential dividend increases.

Ellington Financial (EFC) reports strong Q2 earnings and strategic acquisitions

Ellington Financial (EFC) delivered solid performance in Q2 2023, driven by its credit strategy segment and pending strategic acquisitions.
The company's focus on diversification, capital allocation flexibility, and entering new sectors like mortgage servicing rights bode well for future growth.
While facing challenges such as delinquencies and portfolio shifts, EFC is actively exploring opportunities in M&A, distressed assets, and longer-duration assets.
Overall, EFC's strategic moves and financial strength position it favorably to navigate challenges and capitalize on emerging opportunities in the market.

Ellington Financial reports solid Q3 earnings amidst market challenges

Ellington Financial's Q3 2023 showcased strong performance in credit portfolios, offsetting challenges in agency strategies. The company's interest rate hedging strength and ample dry powder position it well for future investments. Opportunities in distressed commercial mortgage loans and CMBS are being actively pursued. The merger with Arlington and potential FDIC portfolio bid signal strategic growth moves.

Ellington Financial reports Q4 resilience post-merger, eyes growth opportunities

Ellington Financial's Q4 performance showed resilience with a focus on recovery and growth post-merger, supported by a strong balance sheet and asset sales.
The company's strengths lie in its scale, balance sheet strength, and commitment to long-term value creation through strategic investments and dividend coverage.
Challenges include rebuilding earnings, managing leverage effectively, and navigating market uncertainties, while opportunities exist in growth, regulatory changes, and strategic investments.
Overall, Ellington Financial's strategic focus on growth, value creation, and financial stability positions it well for long-term success and shareholder value enhancement.

Ellington Financial (EFC) reports robust Q2 earnings and strategic growth outlook

Ellington Financial (EFC) demonstrated strong financial performance in Q2 2024, driven by diversified credit portfolios and strategic investments.
The company showcased resilience and adaptability in navigating market challenges while capitalizing on growth opportunities.
Maintaining a balanced approach to portfolio management and leveraging strengths in key areas position Ellington Financial for continued success.
Strategic focus on optimizing earnings, managing debt ratios, and exploring new avenues for growth will be key to sustained performance.

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Ellington Financial, Inc. engages in the provision of investment services. It operates through the Investment Portfolio and Longbridge segments. The Investment Portfolio segment is focused on investing in a diverse array of financial assets, which includes residential and commercial mortgage loans, reverse mortgage loans, residential mortgage-backed securities, commercial mortgage-backed securities, consumer loans & asset-backed securities backed, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies. The Longbridge segment consists of the origination and servicing of reverse mortgage loans. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.

Ellington Financial Inc. (NYSE:EFC ) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel and Secretary Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer J.R. Herlihy - Chief Financial Officer Conference Call Participants Bose George - KBW Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Eric Hagen - BTIG Crispin Love - Piper Sandler Operator Please standby.

Ellington Financial Inc. (EFC) Q3 2022 Earnings Call Transcript

The challenging market conditions of the first half of 2022 intensified in August and September. The portfolio has income from several sources, including CLOs, CMBS, and non-Agency RMBS strategies.

Ellington Financial: On The Mend

Ellington Financial Inc. Reports Third Quarter 2022 Results

Ellington Financial's diversified portfolio consists of Agency RMBS, CMBS, CLO, and MSRs. It has enough liquidity in order to grow and protect itself against a liquidity crisis. For the past 10 years, EFC generated an average annual yield of mostly between 10 and 15 percent. This yield is most likely to be sustained.

Ellington Financial: High Yielding Diversified mREIT Trading At A Deep Discount To Its BV

Ellington Financial Announces Release Date of Third Quarter 2022 Earnings, Conference Call, and Investor Presentation

Ellington Financial Announces Estimated Book Value Per Common Share as of September 30, 2022

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Announces Estimated Book Value Per Common Share as of August 31, 2022

Ellington Financial Announces Estimated Book Value Per Common Share as of August 31, 2022

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Ellington Financial: Diversified Income

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Announces Estimated Book Value Per Common Share as of July 31, 2022

Ellington Financial Announces Estimated Book Value Per Common Share as of July 31, 2022

Ellington Financial Inc. (NYSE:EFC ) Q2 2022 Earnings Conference Call August 5, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel & Secretary Larry Penn - CEO J.R. Herlihy - CFO Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Trevor Cranston - JMP Securities Doug Harter - Credit Suisse Mike Smith - KBW Eric Hagen - BTIG Crispin Love - Piper Sandler Operator Good morning, ladies and gentlemen.

Ellington Financial Inc. (EFC) CEO Larry Penn on Q2 2022 Results - Earnings Call Transcript

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. Reports Second Quarter 2022 Results

Ellington Financial Inc. Reports Second Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. Completes $346 Million Non-QM Loan Securitization

Ellington Financial Inc. Completes $346 Million Non-QM Loan Securitization

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Announces Release Date of Second Quarter 2022 Earnings, Conference Call, and Investor Presentation

Ellington Financial Announces Release Date of Second Quarter 2022 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Announces Estimated Book Value Per Common Share as of June 30, 2022

Ellington Financial Announces Estimated Book Value Per Common Share as of June 30, 2022

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Announces Estimated Book Value Per Common Share as of May 31, 2022

Ellington Financial Announces Estimated Book Value Per Common Share as of May 31, 2022

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Discount to book value looks appealing at ~0.91x but this is relatively normal for EFC. Earnings have been declining for the past few quarters and are no longer covering the high monthly dividend.

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Announces Estimated Book Value Per Common Share as of April 30, 2022

Ellington Financial Announces Estimated Book Value Per Common Share as of April 30, 2022

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Ellington Financial Inc. (NYSE:EFC ) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel & Secretary Larry Penn - Chief Executive Officer J.R. Herlihy - Chief Financial Officer Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Crispin Love - Piper Sandler Eric Hagen - BTIG Doug Harter - Credit Suisse Brock Vandervliet - UBS Bose George - KBW Mikhail Goberman - JMP Securities Operator Good morning, ladies and gentlemen.

Ellington Financial Inc. (EFC) CEO Larry Penn on Q1 2022 Results - Earnings Call Transcript

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. Reports First Quarter 2022 Results

Ellington Financial Inc. Reports First Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. Completes $426 Million Non-QM Loan Securitization

Ellington Financial Inc. Completes $426 Million Non-QM Loan Securitization

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Announces Estimated Book Value Per Common Share as of March 31, 2022

News for Ellington Financial Stock (EFC)