Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 44

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 44
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Net income— — — — 56,336 — 56,336 Other comprehensive loss before reclassifications— — — (53,466)— — (53,466)Amounts reclassified from accumulated other comprehensive loss— — — 9,393 — — 9,393 Other comprehensive loss— — — (44,073)— — (44,073)Issuance of common stock, net of offering costs— — 50 — — — 50 Preferred dividends declared— — — — — (11,784)(11,784)Common dividends declared— — — — — (46,945)(46,945)Non-cash equity award compensation— 1 1,642 — — — 1,643 Balance, June 30, 2024$601,467 $1,036 $5,933,250 $(323,580)$1,610,541 $(5,627,417)$2,195,297 

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) 

Six Months EndedJune 30,20252024Cash Flows From Operating Activities:Net (loss) income$(338,096)$259,924 Adjustments to reconcile net (loss) income to net cash provided by operating activities:Amortization of premiums and discounts on investment securities, net9,329 6,756 Amortization of deferred debt issuance costs on term notes payable, senior notes and convertible senior notes804 1,236 (Reversal of) provision for credit losses on investment securities(22)251 Realized and unrealized losses on investment securities65,581 33,161 Loss on servicing asset72,123 11,845 Realized and unrealized loss (gain) on interest rate swaps and swaptions164,095 (91,213)Unrealized gains on other derivative instruments(6,965)(44,006)(Gains) losses on mortgage loans held-for-sale(1,578)4 Gain on repurchase of convertible senior notes— (226)Equity based compensation8,455 7,726 Loss contingency