<span item_type="fundamental" item_id="0e56c1b20a91252aa1e882304193708d" counter_id="ST/US/AGNCN" env="prod"></span><span item_type="announcement" item_id="540744898289271297" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.17.</p><p></p><h3>Financial Metrics Summary</h3><h4>Total Comprehensive Loss</h4><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 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><h4>Tangible Net Book Value</h4><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><h4>Investment Portfolio</h4><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 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><h4>Leverage Ratio</h4><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><h4>Economic Return</h4><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 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><h4>Cash and Unencumbered Agency MBS</h4><ul><li>Cash and unencumbered Agency MBS totaled $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><h4>Common Equity Issuance</h4><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>AGNC Investment Corp. reported a comprehensive loss of - $0.13 per common share for the second quarter of 2025, which includes 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>The company declared dividends of $0.36 per common share for the second 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>Operational Metrics</h3><ul><li>AGNC’s tangible net book value per common share decreased by - $0.44, or -5.3%, from $8.25 as of March 31, 2025, to $7.81 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><li>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><li>Net interest income for the quarter was $162 million, compared to $159 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>Total operating expenses remained consistent at $28 million 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>Cash Flow</h3><ul><li>AGNC concluded the second quarter with a substantial liquidity position of $6.4 billion of unencumbered cash and Agency MBS, 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>The investment portfolio totaled $82.3 billion as of June 30, 2025, with $73.3 billion in Agency MBS and $8.3 billion in net forward purchases/sales of Agency MBS in the TBA market.<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>The company’s average projected portfolio life CPR was 7.8% as of June 30, 2025, with an actual portfolio CPR of 8.7% 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 maintains a favorable outlook for levered and hedged Agency MBS investments, noting that mortgage spreads to benchmark rates remain elevated and range-bound, providing a favorable return environment.<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>The company anticipates increased bank participation in the Agency MBS markets following regulatory changes and expects the administration to preserve Agency MBS’ credit profile and maintain or reduce current mortgage spreads.<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 Shares AGNC 9.67459 Perp 04/11/25 | 8-K: FY2025 Q2 EPS: USD -0.17