<span item_type="fundamental" item_id="7956e2f457c4b659bb272e4c96b3d26c" counter_id="ST/US/AGNCN" env="prod"></span><span item_type="announcement" item_id="544730049760002561" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.17.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Agency RMBS</strong>: $73,232 million as of June 30, 2025, compared to $65,367 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li><strong>Credit Risk Transfer Securities</strong>: $613 million as of June 30, 2025, compared to $633 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li><strong>Non-Agency Securities</strong>: $43 million as of June 30, 2025, compared to $251 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li><strong>U.S. Treasury Securities</strong>: $3,565 million as of June 30, 2025, compared to $1,575 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: - $140 million for the three months ended June 30, 2025, compared to - $48 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li><strong>Operating Costs</strong>: Total operating expenses were $28 million for the three months ended June 30, 2025, compared to $24 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: $372 million for the six months ended June 30, 2025, compared to $0 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>TBA Securities</strong>: Net carrying value of $101 million as of June 30, 2025, compared to - $26 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li><strong>Investment Portfolio</strong>: $82.3 billion as of June 30, 2025, compared to $73.3 billion as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li><strong>Investment Strategy</strong>: The company plans to continue investing primarily in Agency RMBS and other mortgage-related securities, with a focus on managing interest rate and prepayment risks through active portfolio management and hedging strategies.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li><strong>Capital Deployment</strong>: The company raised $799 million of accretive capital through its At-the-Market offering program during the second quarter of 2025, with plans to deploy this capital primarily into higher-coupon specified pools with favorable prepayment attributes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li><strong>CRT and Non-Agency Securities</strong>: The company holds a smaller portion of its portfolio in CRT and non-Agency securities, with a focus on managing credit risk and optimizing returns.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul><h4>Priority</h4><ul><li><strong>Leverage and Liquidity</strong>: The company maintained a tangible ‘at risk’ leverage of 7.6x as of June 30, 2025, and a substantial liquidity position of $6.4 billion in unencumbered cash and Agency RMBS, representing 65% of tangible equity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li><strong>Hedging</strong>: Interest rate hedges equaled 89% of the outstanding balance of repurchase agreements used to fund the investment portfolio, with a duration gap of 0.2 years at quarter-end.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul><h3>Outlook Summary</h3><ul><li>The company anticipates a constructive outlook for Agency RMBS performance, driven by anticipated bank regulatory reforms, improved supply dynamics, and high mortgage rates tempering prepayment activity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li><li>The company expects stabilizing spreads at historically wide levels and reduced risk of adverse consequences from GSE reform to provide a favorable environment for Agency RMBS as a fixed income asset class.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000073/agnc-20250630.htm"></span></li></ul>

AGNC Investment Pref Shares AGNC 9.67459 Perp 04/11/25 | 10-Q: FY2025 Q2 EPS: USD -0.17