<span item_type="fundamental" item_id="cb89d89bf4a7322bc37b001a736e9e70" counter_id="ST/US/AGNCZ" env="prod"></span><span item_type="announcement" item_id="609251014175300737" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 944 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD 0.83.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -41 M.</p><p></p><h4>Comprehensive Income</h4><ul><li>For the fourth quarter of 2025, comprehensive income per common share was $0.89, consisting of $0.83 net income per common share and $0.06 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/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li><li>For the full year 2025, comprehensive income per common share was $1.74, including $1.47 net income per common share and $0.27 OCI per common share <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Total comprehensive income for the full year 2025 was $1,938 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Comprehensive income available to common stockholders for the full year 2025 was $1,777 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Net Spread and Dollar Roll Income</h4><ul><li>Net spread and dollar roll income per common share for the fourth quarter was $0.35, excluding -$0.01 per common share of estimated “catch-up” premium amortization cost due to a change in projected constant prepayment rate (CPR) estimates <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>For the full year, net spread and dollar roll income per common share was $1.50, excluding -$0.01 per common share of estimated “catch-up” premium amortization cost <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Tangible Net Book Value</h4><ul><li>Tangible net book value per common share was $8.88 as of December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li><li>This represents an increase of $0.60 per common share, or 7.2%, from $8.28 per common share as of September 30, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The tangible net book value of $8.88 per share of common stock as of December 31, 2025, excludes $526 million, or $0.47 per common share, of goodwill <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li></ul><h4>Dividends</h4><ul><li>Dividends declared per common share for the fourth quarter totaled $0.36 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Dividends declared per common share for the full year totaled $1.44 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Economic Return on Tangible Common Equity</h4><ul><li>Economic return on tangible common equity for the fourth quarter was 11.6%, comprising $0.36 dividends per common share and a $0.60 increase 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/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li><li>For the full year, the economic return on tangible common equity was 22.7%, comprised of $1.44 dividends per common share and a $0.47 increase in tangible net book value per common share, or 5.6%, from $8.41 per common share 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/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Investment Portfolio</h4><ul><li>The investment portfolio totaled $94.8 billion as of December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>It was comprised of $81.1 billion Agency mortgage-backed securities (Agency MBS), $13.0 billion net forward purchases/(sales) of Agency MBS in the “to-be-announced” market (TBA securities), 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="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The portfolio included $94.1 billion of Agency MBS and TBA securities, with $90.5 billion in fixed-rate securities and $3.6 billion of collateralized mortgage obligations (CMOs), adjustable-rate, and other Agency securities <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>30-year fixed-rate Agency MBS and TBA securities represented 95% of the Company’s investment portfolio as of December 31, 2025, unchanged from September 30, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The weighted average coupon for fixed-rate Agency MBS and TBA securities was 5.12% as of December 31, 2025, slightly down from 5.14% as of September 30, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The fair value of AGNC INVESTMENT CORP.’s investment portfolio was $94.8 billion as of December 31, 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="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li></ul><h4>Leverage</h4><ul><li>Tangible net book value “at risk” leverage was 7.2x as of December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li><li>The average tangible net book value “at risk” leverage for the fourth quarter was 7.4x <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Liquidity</h4><ul><li>Unencumbered cash and Agency MBS totaled $7.6 billion as of December 31, 2025, representing 64% of the Company’s tangible equity <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Cash and unencumbered Agency MBS totaled $7.6 billion as of December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li></ul><h4>Constant Prepayment Rate (CPR)</h4><ul><li>The average projected portfolio life CPR was 9.6% as of December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The actual portfolio CPR for the fourth quarter was 9.7% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Net premium amortization cost was -$51 million, or -$0.05 per common share, for the fourth quarter, including -$7 million, or -$0.01 per common share, in “catch-up” premium amortization cost <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Net Interest Spread</h4><ul><li>The annualized net interest spread for the fourth quarter was 1.81% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The Company’s average asset yield on its investment portfolio (excluding TBA position) was 4.87% for the fourth quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The combined weighted average cost of funds for the fourth quarter was 3.10% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Stock Return</h4><ul><li>Total stock return for the full year 2025 was 34.8% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Capital Markets Activity</h4><ul><li>AGNC INVESTMENT CORP. issued 34.9 million shares of common equity through At-the-Market (ATM) Offerings for net proceeds of $356 million during the fourth quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc-20260126.htm"></span>.</li><li>For the full year, 208.2 million shares of common equity were issued through ATM Offerings for net proceeds of $2.0 billion <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>The Company issued $345 million of 8.75% Series H Fixed-Rate preferred equity for the full year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Consolidated Statements of Operations (Full Year 2025)</h4><ul><li>Interest income was $3,523 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Interest expense was $2,848 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Net interest income was $675 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Total other gain (loss), net was $1,122 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Total operating expense was $127 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Net income was $1,670 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li><li>Net income available to common stockholders was $1,509 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</li></ul><h4>Outlook / Guidance</h4><p>Management anticipates continued lower interest rate and Agency MBS spread volatility in 2026, creating a favorable investment environment <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>. Recent Agency MBS purchases and market initiatives could further tighten mortgage spreads <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>. These factors, combined with a balanced supply-demand outlook, support an optimistic view for Agency MBS, enabling AGNC Investment Corp. to generate strong risk-adjusted returns and substantial yield for shareholders <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1423689/000142368926000024/agnc8kexhibit991123125.htm"></span>.</p>

AGNC INVESTMENT CORP DEP SHS REPSTG 1/1000TH PFD SER H | 8-K: FY2025 Q4 Revenue: USD 944 M