AGNC Investment Pref Share AGNC 6.5 Prep 10/15/24 E | 10-Q: FY2025 Q1 EPS: USD 0.02

EPS: As of FY2025 Q1, the actual value is USD 0.02.

Segment Revenue

• Interest Income: $846 million for the three months ended March 31, 2025, compared to $642 million for the same period in 2024.

Operational Metrics

• Net Interest Income: $159 million for the three months ended March 31, 2025, compared to a net interest expense of $30 million for the same period in 2024.
• Net Income: $50 million for the three months ended March 31, 2025, compared to $443 million for the same period in 2024.
• Comprehensive Income: $143 million for the three months ended March 31, 2025, compared to $366 million for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $192 million for the three months ended March 31, 2025, compared to $20 million for the same period in 2024.
• Net Cash Used in Investing Activities: -$5,727 million for the three months ended March 31, 2025, compared to $582 million provided for the same period in 2024.
• Net Cash Provided by Financing Activities: $5,482 million for the three months ended March 31, 2025, compared to -$500 million used for the same period in 2024.

Unique Metrics

• Investment Portfolio: Increased approximately $5 billion to $78.9 billion at quarter-end March 31, 2025.
• Tangible Net Book Value ‘at risk’ Leverage: 7.5x tangible equity at quarter-end March 31, 2025.

Future Outlook and Strategy

• Core Business Focus: AGNC plans to maintain its tangible net book value ‘at risk’ leverage within its target range and continue raising equity through its At-the-Market Offering Program to enhance liquidity.
• Non-Core Business: AGNC expects regulatory relief and potential favorable capital requirements to support increased bank demand for Agency RMBS, benefiting the Treasury and swap markets.
• Priority: Despite macroeconomic uncertainty, AGNC remains optimistic about Agency RMBS return opportunities, viewing them as attractive alternatives to corporate credit.