Zacks Investment Research
03 Aug 2026, 18:35 UTC · 12w ago
Can Longbridge Growth Strengthen Ellington Financial's Earnings Base?
Impact · against what's priced in
Ellington Financial's Q1 earnings beat is driven by a strong 52% growth in Longbridge reverse mortgage originations, though a portion of the EPS growth is attributable to non-recurring litigation settlements and hedge gains. The primary catalyst is the scaling of the Longbridge segment as a recurring profit stream, though its dependence on securitization markets remains a key risk.
- EFC+0.30
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- In context
The company reported a significant increase in Q1 EPS to 78 cents from 35 cents, supported by $515.4 million in new loan originations, a 52% increase year-over-year.
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