Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 81

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 81
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 following table presents the components of our comprehensive income (loss) for the three and twelve months ended December 31, 2024 and 2023:

(in thousands, except share data)Three Months EndedYear EndedIncome Statement Data:December 31,December 31,2024202320242023(unaudited)Net interest income (expense):Interest income$103,774 $122,401 $450,152 $480,364 Interest expense138,668 168,080 607,806 643,225 Net interest expense(34,894)(45,679)(157,654)(162,861)Net servicing income:Servicing income167,568 178,609 681,648 685,777 Servicing costs4,575 12,029 20,069 95,488 Net servicing income162,993 166,580 661,579 590,289 Other income (loss):Loss on investment securities(8,009)(82,469)(40,038)(69,970)Gain (loss) on servicing asset82,520 (172,589)(62,674)(111,620)Gain (loss) on interest rate swap and swaption agreements199,612 (139,234)147,871 (52,946)Loss on other derivative instruments(55,144)(143,812)(41,017)(166,210)Gain on mortgage loans held-for-sale558 — 1,482 — Other income850 — 1,199 5,103 Total other income (loss)220,387 (538,104)6,823 (395,643)Expenses:Compensation and benefits21,800 21,297 89,753 52,865 Other operating expenses19,085 23,959 76,241 62,313 Total expenses40,885 45,256 165,994 115,178 Income (loss) before income taxes307,601 (462,459)344,754 (83,393)Provision for (benefit from) income taxes30,872 (29,259)46,586 22,978 Net income (loss)276,729 (433,200)298,168 (106,371)Dividends on preferred stock(11,784)(12,012)(47,136)(48,607)Gain on repurchase and