AGNC Investment reported $0.40 per share in Q2 net spread income, beating analyst forecasts amid lower projected MBS supply.
AGNC Investment Corp. reported second-quarter net spread and dollar roll income of $0.40 per share, surpassing the average analyst estimate of $0.38. The result reflects sustained demand for agency mortgage-backed securities (MBS) and a decline in projected supply for the quarter.
The $0.40 figure compares with $0.42 per share in the prior quarter. Analysts had anticipated a slight decline, but stronger-than-expected MBS demand helped offset broader market pressures.
Shares showed muted movement in after-hours trading as investors digested the earnings beat against a backdrop of elevated interest rate volatility.