<span item_type="fundamental" item_id="caf6bc64d8cfc7e6488811690e9dc362" counter_id="ST/US/AGNCM" env="prod"></span><span item_type="announcement" item_id="577708213472927489" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 903 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.72.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -30 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Agency RMBS</strong>: $76,198 million as of September 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/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Credit Risk Transfer Securities</strong>: $609 million as of September 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/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Non-Agency Securities</strong>: $14 million as of September 30, 2025, compared to $15 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/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>U.S. Treasury Securities</strong>: $5,927 million as of September 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/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: $806 million for the three months ended September 30, 2025, compared to $346 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/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Operating Costs</strong>: Total operating expenses were $30 million for the three months ended September 30, 2025, unchanged from 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/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: $525 million for the nine months ended September 30, 2025, compared to $7 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/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>TBA Securities</strong>: Net carrying value of $36 million as of September 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/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Weighted Average Yield on Investment Securities</strong>: 4.94% as of September 30, 2025, compared to 4.77% 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/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li><strong>Economic Return</strong>: AGNC generated an economic return on tangible common equity of 10.6% for the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Investment Portfolio</strong>: Increased to $90.8 billion as of September 30, 2025, from $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/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Tangible ‘At Risk’ Leverage</strong>: 7.6x as of September 30, 2025, unchanged from the prior quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Liquidity Position</strong>: $7.2 billion in unencumbered cash and Agency RMBS, representing 66% of tangible equity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li><strong>Receiver Swaptions</strong>: Added $7 billion of receiver swaptions during the third quarter to provide additional protection in a declining rate environment.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul><h4>Priority</h4><ul><li><strong>Net Spread and Dollar Roll Income</strong>: Declined $0.03 to $0.35 per common share for the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Interest Rate Hedge Ratio</strong>: Declined to 77% of total funding liabilities as of September 30, 2025, compared to 86% 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/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul><h3>Outlook or Guidance</h3><ul><li><strong>Monetary Policy</strong>: The Fed’s pivot to a less restrictive monetary policy stance and easing fiscal policy concerns are expected to support the performance of Agency RMBS.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Supply and Demand Dynamics</strong>: The supply and demand dynamic for Agency RMBS remains well balanced, with net new issuance expected to total approximately $200 billion in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li><li><strong>Financing Market</strong>: The Fed’s recent announcements are expected to strengthen the repo market for U.S. Treasuries and Agency RMBS, particularly during periods of market stress.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368925000106/agnc-20250930.htm"></span></li></ul>

AGNC INVESTMENT CORP 6.875% DEP SHS REP 1/1000TH PFD SR D | 10-Q: FY2025 Q3 Revenue: USD 903 M