Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 6

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 6
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757 — — 1,757 Other comprehensive income— — — 269,621 — — 269,621 Issuance of common stock, net of offering costs— 1 60 — — — 61 Preferred dividends declared— — — — — (11,784)(11,784)Common dividends declared— — — — — (46,946)(46,946)Non-cash equity award compensation— — 1,610 — — — 1,610 Balance, September 30, 2024$601,467 $1,037 $5,934,920 $(53,959)$1,372,056 $(5,686,147)$2,169,374 

The accompanying notes are an integral part of these consolidated financial statements.

4

TWO HARBORS INVESTMENT CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

(in thousands) 

Nine Months EndedSeptember 30,20252024Cash Flows From Operating Activities:Net (loss) income$(466,017)$21,439 Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:Amortization of premiums and discounts on investment securities, net13,421 11,400 Amortization of deferred debt issuance costs on term notes payable, senior notes and convertible senior notes1,419 1,639 Reversal of provision for credit losses on investment securities(113)(25)Realized and unrealized losses on investment securities81,859 32,054 Loss on servicing asset177,019 145,194 Realized and unrealized loss on interest rate swaps and swaptions167,920 98,109 Unrealized gains on other derivative instruments(24,597)(37,903)Gains on mortgage loans held-for-sale(3,364)(924)Gain on repurchase of convertible senior notes— (226)Equity based compensation9,999 9,336 Originations and purchases of mortgage loans held-for-sale(127,292)(22,444)Proceeds from sales of mortgage loans held-for-sale117,267 19,559 Proceeds from repayment of mortgage loans held-for-sale1,372 143 Net change in assets and liabilities:Decrease (increase) in accrued interest