<span item_type="fundamental" item_id="0e56c1b20a91252aa1e882304193708d" counter_id="ST/US/AGNCP" env="prod"></span><span item_type="announcement" item_id="540744898243138433" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.17.</p><p></p><h3>Total Comprehensive Loss</h3><ul><li>Total comprehensive loss for the second quarter of 2025 was - $0.13 per share of common stock, comprised of - $0.17 net loss per common share and $0.05 other comprehensive income (OCI) per common share on investments marked-to-market through OCI.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc-20250721.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Tangible Net Book Value</h3><ul><li>Tangible net book value was $7.81 per share of common stock as of June 30, 2025, excluding $526 million, or $0.50 per common share, of goodwill.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc-20250721.htm"></span></li><li>Decreased - $0.44 per common share, or -5.3%, from $8.25 per common share as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Investment Portfolio</h3><ul><li>The fair value of the investment portfolio was $82.3 billion as of June 30, 2025, inclusive of net forward purchases and sales of Agency mortgage-backed securities in the “to-be-announced” (TBA) market.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc-20250721.htm"></span></li><li>Comprised of $73.3 billion Agency MBS, $8.3 billion net forward purchases/(sales) of Agency MBS in the TBA market, and $0.7 billion credit risk transfer (CRT) and non-Agency securities and other mortgage credit investments.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Leverage Ratio</h3><ul><li>Tangible net book value “at risk” leverage ratio was 7.6x as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc-20250721.htm"></span></li><li>7.5x average tangible net book value ‘at risk’ leverage for the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Economic Return on Tangible Common Equity</h3><ul><li>Economic return on tangible common equity was -1.0% for the second quarter, comprised of $0.36 dividend per share of common stock declared during the second quarter and - $0.44 decrease in tangible net book value per common share.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc-20250721.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Cash and Unencumbered Agency MBS</h3><ul><li>Cash and unencumbered Agency MBS were $6.4 billion as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc-20250721.htm"></span></li><li>Represents 65% of the Company’s tangible equity as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Issued Shares</h3><ul><li>Issued 92.6 million shares of common equity through At-the-Market Offerings for net proceeds of $799 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc-20250721.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Net Spread and Dollar Roll Income</h3><ul><li>$0.38 net spread and dollar roll income per common share, excluding $0.01 per common share of estimated ‘catch-up’ premium amortization benefit due to change in projected constant prepayment rate (CPR) estimates.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Constant Prepayment Rates (CPR)</h3><ul><li>7.8% average projected portfolio life CPR as of June 30, 2025, with 8.7% actual portfolio CPR for the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Net Interest Spread</h3><ul><li>2.01% annualized net interest spread for the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>AGNC’s management has a favorable outlook for levered and hedged Agency MBS investments, citing elevated mortgage spreads to benchmark rates and balanced supply dynamics. The administration’s intent to preserve Agency MBS’ pristine credit profile and maintain or reduce current mortgage spreads to benchmark rates provides a positive backdrop for AGNC’s investment activities.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000061/agnc8kexhibit99163025.htm"></span></li></ul>

AGNC Investment Pref Share AGNCP 6.125 Perp 04/15/25 F | 8-K: FY2025 Q2 EPS: USD -0.17