Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 16

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 16
---
 Dividends on preferred stock(13,239)(11,784)(26,425)(23,568)Gain on repurchase and retirement of preferred stock— — — 644 Net (loss) income attributable to common stockholders$(272,280)$44,552 $(364,521)$237,000 Basic (loss) earnings per weighted average common share$(2.62)$0.43 $(3.51)$2.27 Diluted (loss) earnings per weighted average common share$(2.62)$0.43 $(3.51)$2.16 Dividends declared per common share$0.39 $0.45 $0.84 $0.90 Comprehensive (loss) income:Net (loss) income$(259,041)$56,336 $(338,096)$259,924 Other comprehensive income (loss):Unrealized gain (loss) on available-for-sale securities50,473 (44,073)207,645 (147,151)Other comprehensive income (loss)50,473 (44,073)207,645 (147,151)Comprehensive (loss) income(208,568)12,263 (130,451)112,773 Dividends on preferred stock(13,239)(11,784)(26,425)(23,568)Gain on repurchase and retirement of preferred stock— — — 644 Comprehensive (loss) income attributable to common stockholders$(221,807)$479 $(156,876)$89,849 

54

Results of Operations

Interest Income

Interest income increased slightly to $117.1 million for the three months ended June 30, 2025 from $116.0 million for the same period in 2024, primarily due to an increase in Agency RMBS portfolio size and related yields, partially offset by lower average cash and reverse repurchase agreement balances held throughout the period. Interest income decreased slightly to $228.5 million for the six months ended June 30, 2025 from $233.7 million for the same period in 2024, primarily due to lower average cash and reverse repurchase agreement balances held throughout the period, partially offset by an increase in Agency RMBS portfolio size and related yields.

Interest Expense

Interest expense decreased to $136.7 million and $268.4 million for the three and six months ended 2025,