Ellington Residential Mortgage REIT(EARN) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Ellington Credit Company Reports Third Quarter 2024 Results OLD GREENWICH, Connecticut—November 12, 2024 Ellington Credit Company (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2024. Highlights • Net income (loss) of $5.4 million, or $0.21 per share. • Adjusted Distributable Earnings of $7.2 million, or $0.28 per share. 1 2 3 4 5 • Book value of $6.85 per share as of September 30, 2024, which includes the effects of dividends of $0.24 pe ...