Ellington Financial $(EFC)$ reported Q4 2025 net income attributable to common stockholders of USD 14.7 million, or USD 0.14 per share, and Adjusted Distributable Earnings of USD 51.4 million, or USD 0.47 per share. Book value per common share was USD 13.16 as of Dec. 31, 2025, including the effects of Q4 dividends of USD 0.39 per share. The investment portfolio segment generated Q4 2025 net income of USD 43.0 million, including USD 38.9 million from the credit strategy and USD 4.1 million from the Agency strategy, while the Longbridge segment reported net income of USD 16.4 million. EFC said the total adjusted long credit portfolio rose 15% in Q4 2025 to USD 4.11 billion, and noted sequentially lower 90-day delinquency rates and low life-to-date realized credit losses across residential and commercial loan portfolios; credit portfolio net interest margin decreased to 3.37% in Q4 2025. The long Agency RMBS portfolio was USD 218.4 million at Dec. 31, 2025, with Agency net interest margin (excluding the Catch-up Amortization Adjustment) of 2.18%. On financing and capital structure, EFC reported a recourse debt-to-equity ratio of 1.9:1 and total debt-to-equity ratio (including recourse and non-recourse borrowings) of 9.0:1 as of Dec. 31, 2025, and said it completed seven securitizations and closed USD 400 million of Moody’s- and Fitch-rated senior unsecured notes. Cash and cash equivalents were USD 201.9 million, alongside USD 1.57 billion of other unencumbered assets, and management said it deployed proceeds from the notes offering into new investments and expanded the portfolio by 9% even after securitizations. Subsequent to year-end, EFC said it raised common equity to retire its highest-cost preferred equity and completed its first securitization of Agency-eligible loans.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. $Ellington Financial Inc.(EFC-B)$ published the original content used to generate this news brief via Business Wire (Ref. ID: 202602251847BIZWIRE_USPR_____20260225_BW633966) on February 25, 2026, and is solely responsible for the information contained therein.
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