Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 132

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 2
Chunk 132
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 stockholders of $19.4 million and $109.2 million for the three and nine months ended September 30, 2024, respectively.

54

The following table presents the components of our comprehensive (loss) income for the three and nine months ended September 30, 2025 and 2024:

(in thousands, except per share amounts)Three Months EndedNine Months EndedIncome Statement Data:September 30,September 30,2025202420252024(unaudited)(unaudited)Net interest expense:Interest income$93,615 $112,642 $322,079 $346,378 Interest expense117,120 154,931 385,535 469,138 Net interest expense(23,505)(42,289)(63,456)(122,760)Net servicing income:Servicing income166,448 171,732 481,661 514,080 Servicing costs3,762 3,900 9,345 15,494 Net servicing income162,686 167,832 472,316 498,586 Other income (loss):(Loss) gain on investment securities(16,187)1,383 (81,746)(32,029)Loss on servicing asset(104,896)(133,349)(177,019)(145,194)Gain (loss) on interest rate swap and swaption agreements4,302 (172,263)(147,436)(51,741)Gain (loss) on other derivative instruments64,596 (32,722)34,787 14,127 Gain on mortgage loans held-for-sale1,596 927 3,148 924 Other income4,114 123 5,913 349 Total other loss(46,475)(335,901)(362,353)(213,564)Expenses:Compensation and benefits21,307 20,180 69,365 67,953 Other operating expenses23,051 18,405 64,863 57,156 Litigation settlement expense175,065 — 375,000 — Total expenses219,423 38,585 509,228 125,109 (Loss) income before income taxes(126,717)(248,943)(462,721)37,153 Provision for (benefit from) income taxes1,204 (10,458)3,296 15,