Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 133

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 2
Chunk 133
---
714 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 Net loss attributable to common stockholders$(141,245)$(250,269)$(505,766)$(13,269)Basic loss per weighted average common share$(1.36)$(2.42)$(4.87)$(0.14)Diluted loss per weighted average common share$(1.36)$(2.42)$(4.87)$(0.14)Dividends declared per common share$0.34 $0.45 $1.18 $1.35 Comprehensive (loss) income:Net (loss) income$(127,921)$(238,485)$(466,017)$21,439 Other comprehensive income:Unrealized gain on available-for-sale securities61,038 269,621 268,683 122,470 Other comprehensive income61,038 269,621 268,683 122,470 Comprehensive (loss) income(66,883)31,136 (197,334)143,909 Dividends on preferred stock(13,324)(11,784)(39,749)(35,352)Gain on repurchase and retirement of preferred stock— — — 644 Comprehensive (loss) income attributable to common stockholders$(80,207)$19,352 $(237,083)$109,201 

55

Results of Operations

Interest Income

Interest income decreased to $93.6 million for the three months ended September 30, 2025 from $112.6 million for the same period in 2024, primarily due to a decrease in Agency RMBS portfolio size. Interest income decreased to $322.1 million for the nine months ended September 30, 2025 from $346.4 million for the same period in 2024, primarily due to lower overall rates earned on bank and margin account balances, including effectively borrowed U.S. Treasury securities under reverse repurchase agreement transactions, as well as a decrease in Agency RMBS portfolio size.

Interest Expense

Interest expense decreased to $117.1 million and $385.5 million for the three and nine months ended September 30, 202