Ellington Financial, Inc. (NYSE:EFC) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel and Secretary Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer JR Herlihy - Chief Financial Officer Conference Call Participants Trevor Cranston - Citizens JMP Francesco Labetti - KBW Matthew Erdner - Jones Trading Eric Hagen - BTIG Matthew Howlett - B. Riley Operator Good morning, ladies and gentlemen, an ...

Financial Performance - Net income attributable to common stockholders for Q3 2024 was $16.2 million, or $0.19 per common share, with $44.0 million from the investment portfolio[1]. - Adjusted Distributable Earnings increased to $34.5 million, or $0.40 per common share, covering dividends[2]. - Net income attributable to common stockholders for the three-month period ended September 30, 2024, was $39,198,000, compared to $4,801,000 for the same period in 2023[24]. - The company reported a net income of $60,072,000 after accounting for preferred stock dividends and other expenses[25]. - Net income attributable to common stockholders was $67,996,000, resulting in a per share amount of $0.80[26]. - Total net income for the same period was $23,323,000, compared to $60,072,000 in the prior quarter, reflecting a decrease of approximately 61%[32]. - The net income (loss) for the same period was $23.323 million, a decrease from $60.072 million in the prior quarter, indicating a decline of about 61.2%[43]. Investment Portfolio - The investment portfolio expanded by 26%, driven by growth in non-QM loans, residential transition loans, and commercial mortgage bridge loans[3]. - Total interest income and other income for the investment portfolio was $104,348,000, with a per share amount of $1.22[25]. - The company’s investment portfolio generated a net income of $44.115 million for the three-month period ended September 30, 2024, down from $69.476 million in the previous quarter, a decrease of about 36.5%[43]. Assets and Liabilities - Total assets increased to $15,953,290,000 as of September 30, 2024, up from $15,092,653,000 at the end of the previous quarter, representing a growth of approximately 5.7%[34]. - Total liabilities increased to $14,327,641,000, up from $13,518,794,000 in the previous quarter, marking a rise of approximately 6%[34]. - Loans at fair value rose to $13,519,786,000, compared to $12,846,106,000 in the prior quarter, indicating an increase of about 5.2%[34]. Equity and Shares - The total equity increased to $1,625,649,000 as of September 30, 2024, from $1,573,859,000 on June 30, 2024[23]. - The weighted average shares of common stock outstanding were 88,039,000 as of September 30, 2024[24]. - The weighted average shares of common stock outstanding increased to 87,198,000 from 85,045,000 in the previous quarter[32]. - The book value per common share decreased to $13.66 from $13.92 in the previous quarter[35]. Dividends - The dividend yield was 13.1% based on the closing stock price of $11.95 per share on November 5, 2024[2]. - The company’s Board of Directors considers earnings, liquidity, financial condition, and REIT distribution requirements when setting dividends[41]. - The total dividends on preferred stock for the three-month period ended September 30, 2024, were $6.833 million, consistent with the previous quarter[44]. Loan Performance - The percentage of delinquent loans in the residential mortgage loan portfolio decreased, while the commercial mortgage loan portfolio saw an increase[9]. - The Longbridge segment reported $8,890,459,000 in HMBS assets as of September 30, 2024, compared to $8,926,658,000 on June 30, 2024[19]. - New loan origination volume for the Longbridge segment was $354,740,000 for the three-month period ended September 30, 2024, up from $304,538,000 for the period ended June 30, 2024[20]. Interest and Expenses - The net interest margin on the credit portfolio decreased to 2.64% from 2.76%[10]. - Interest expense totaled $63,123,000, indicating a significant cost associated with financing[25]. - Investment-related expenses were reported at $11,087,000, impacting overall profitability[25]. - The company incurred $5.418 million in non-capitalized transaction costs and other expense adjustments for the three-month period ended September 30, 2024[43]. Forward-Looking Statements - Forward-looking statements indicate potential risks including changes in interest rates and market conditions that could affect future performance[30]. Conference Call - The conference call to discuss financial results for the quarter ended September 30, 2024, is scheduled for November 7, 2024[29].

You can get access to everything we have to offer right now. Try our service and decide for yourself. I will be going over a preferred share from Ellington Financial (NYSE: EFC ). While we will be covering the Q3 2024 earnings release (when it happens), we did not post a Q2 2024 article for the public. Therefore, I'm going to Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. ...

In the retirement phase of my investing life, my interests have shifted from accumulation mode to a more income-focused approach that I call my Income Compounder portfolio. As an income-oriented investor, my monthly paycheck comes from dividends and distributions that are paid Now retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I rece ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34569 Ellington Financial Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-0489289 (State or Other ...

Ellington Financial Inc. (NYSE:EFC) Q2 2024 Results Conference Call August 7, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel and Secretary Larry Penn - Chief Executive Officer JR Herlihy - Chief Financial Officer Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Bose George - KBW Crispin Love - Piper Sandler Douglas Harter - UBS Eric Hagen - BTIG Matthew Erdner - JonesTrading Lee Cooperman - Omega Family Office Operator Good morning, ladies and g ...

Exhibit 99.1 Ellington Financial Inc. Reports Second Quarter 2024 Results OLD GREENWICH, Connecticut—August 6, 2024 Ellington Financial Inc. (NYSE: EFC) ("we," "us," or "our") today reported financial results for the quarter ended June 30, 2024. Highlights • Net income attributable to common stockholders of $52.3 million, or $0.62 per common share. 1 ◦ $69.1 million, or $0.81 per common share, from the investment portfolio. ▪ $68.0 million, or $0.80 per common share, from the credit strategy. ▪ $1.1 million ...

p I te with Introduction Microsoft Excel API Companies that utilize leverage to lend have been battling higher borrowing costs and struggling to grow their earnings to keep up with higher interest rates. Fortunately, Ellington Financial's interest income has grown at a faster pace than its interest expense. Net interest income (interest income less interest expense) grew by $3.5 million or more than 10% to $31 million in the first quarter. Unfortunately, the increase in net interest income was more than off ...

Mortgage real estate investment trusts, or mREITs, have been a tough investment in this rate environment. One name that has held up in the space is Ellington Financial Inc. (NYSE:EFC), and it is well positioned for when rates normalize and the housing industry rebounds, in our opinion. We still like income names to comprise about 20% of your long-term portfolio. Within those long-term income holdings, we endorse having dividend paying names, blended with dividend growth, and/or high-yield. Now we got some b ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34569 Ellington Financial Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-0489289 (State or Other ...