Summary by Moomoo AI
AGNC Investment Corp. announced strong Q3 2024 results, with a 9.3% economic return on tangible common equity. Comprehensive income was $0.63 per share, comprising $0.39 net income and $0.24 other comprehensive income. Tangible net book value rose to $8.82 per share, up 5% from Q2.The investment portfolio totaled $73.1 billion, with $68.0 billion in Agency MBS and $4.1 billion in TBA securities. Net spread and dollar roll income was $0.43 per share. The company maintained its $0.12 monthly dividend, totaling $0.36 for the quarter.AGNC issued 78.1 million shares through ATM offerings, raising $781 million. Leverage decreased slightly to 7.2x. The company ended the quarter with $6.2 billion in unencumbered cash and Agency MBS, representing 68% of tangible equity.
