<span item_type="fundamental" item_id="0e56c1b20a91252aa1e882304193708d" counter_id="ST/US/AGNCL" env="prod"></span><span item_type="announcement" item_id="540744898306053121" 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></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></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></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></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></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></ul><h3>Issuance of Common Equity</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></li></ul><h3>Segment Revenue</h3><ul><li><strong>Investment Portfolio</strong>: As of June 30, 2025, AGNC’s investment portfolio totaled $82.3 billion, consisting of $73.3 billion in Agency MBS, $8.3 billion in net forward purchases/sales of Agency MBS in the TBA market, and $0.7 billion in credit risk transfer and non-Agency securities.<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>Operational Metrics</h3><ul><li><strong>Net Income</strong>: AGNC reported a net loss of - $140 million for the second quarter of 2025, compared to a net income of $50 million in the previous 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><li><strong>Comprehensive Income</strong>: The comprehensive loss per common share was - $0.13, including a net loss of - $0.17 per common share and $0.05 other comprehensive income per common share.<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><li><strong>Tangible Net Book Value</strong>: The tangible net book value per common share decreased by -5.3% to $7.81 as of June 30, 2025, from $8.25 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><li><strong>Economic Return</strong>: The economic return on tangible common equity was -1.0% for the quarter, comprising $0.36 dividends per common share and a - $0.44 decrease in tangible net book value per common share.<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 Flow</h3><ul><li><strong>Unencumbered Cash and Agency MBS</strong>: Totaled $6.4 billion as of June 30, 2025, representing 65% of the Company’s tangible equity.<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>Unique Metrics</h3><ul><li><strong>Net Spread and Dollar Roll Income</strong>: AGNC reported $0.38 net spread and dollar roll income per common share for the second quarter, excluding $0.01 per common share of estimated ‘catch-up’ premium amortization benefit.<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 maintains a favorable outlook for levered and hedged Agency MBS investments, citing elevated mortgage spreads to benchmark rates and balanced supply-demand dynamics. The company anticipates increased bank participation in the Agency MBS markets following regulatory changes and expects the administration to preserve the credit profile of Agency MBS, providing a positive backdrop for 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 AGNCL 7.75 Perp 10/15/27 | 8-K: FY2025 Q2 EPS: USD -0.17