Ellington Financial Q2 Earnings Call Highlights

Impact · against what's priced in

EFC shows strong operational momentum through high loan sourcing volumes and a significant surge in reverse mortgage originations via Longbridge. While credit deterioration in low-FICO and cash-out segments is a headwind, the dividend coverage remains robust.

EFC+0.50

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In context

Adjusted distributable earnings of $0.60 per share provide a comfortable buffer over the $0.39 dividend, while Longbridge originations grew 38% year-over-year to $590 million.

Read from the article alone

• earnings▲11%
• dividends
• EFC
• book value
• commercial real estate
• credit losses
• mortgages
• net interest margin
• reverse mortgages