Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 239

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 239
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 penalties or interest as of or during the periods presented in these consolidated financial statements.

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Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements (unaudited)

Note 19. Earnings Per Share

The following table presents a reconciliation of the net loss and shares used in calculating basic and diluted loss per share for the three and nine months ended September 30, 2025 and 2024:Three Months EndedNine Months EndedSeptember 30,September 30,(in thousands, except share data)2025202420252024Basic Loss Per Share:Net (loss) income$(127,921)$(238,485)$(466,017)$21,439 Dividends on preferred stock(13,324)(11,784)(39,749)(35,352)Gain on repurchase and retirement of preferred stock— — — 644 Dividends and undistributed earnings allocated to participating restricted stock units(294)(303)(1,042)(940)Net loss attributable to common stockholders, basic$(141,539)$(250,572)$(506,808)$(14,209)Basic weighted average common shares104,144,560 103,635,455 104,069,057 103,531,431 Basic loss per weighted average common share$(1.36)$(2.42)$(4.87)$(0.14)Diluted Loss Per Share:Net loss attributable to common stockholders, basic$(141,539)$(250,572)$(506,808)$(14,209)Reallocation impact of undistributed earnings to participating restricted stock units— — — — Interest expense attributable to convertible notes— — — — Net loss attributable to common stockholders, diluted$(141,539)$(250,572)$(506,808)$(14,209)Basic weighted average common shares104,144,560 103,635,455 104,069,057 103,531,431 Effect of dilutive shares issued in an assumed vesting of performance share units— — — — Effect of dilutive shares issued in an assumed conversion— — — — Diluted weighted average common shares104,144,560 103,635,455 104,069,057 103,531,431 Diluted loss per weighted average common share$(1.36)