AGNC Investment Corp. Q2 2026: Net income $654M, EPS $0.52— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.AGNC Investment Corp. reported Q2 2026 net income of $654M and EPS of $0.52, a significant turnaround from the prior year's loss. The portfolio expanded to $97.2B with higher-coupon holdings, generating a 6.7% economic return on tangible equity. Management highlighted constructive Agency RMBS conditions, maintaining an 82% hedge ratio and $7.5B in unencumbered assets.
AGNC Investment Corp. reported strong second-quarter 2026 results, posting net income of $654M and diluted earnings per share of $0.52, a marked improvement from a net loss in the year-ago quarter.
Financial Highlights
- Net income was $654M for Q2 2026, versus $(140) M in the year-ago quarter (Q2 2025).
- Net income available to common stockholders was $610M for Q2 2026, versus $(178) M in the year-ago quarter.
- Diluted earnings per share was $0.52 for Q2 2026, versus $(0.17) in the year-ago quarter.
Business Highlights
- Portfolio expanded to $97.2B, adding $2.2B of intermediate-coupon specified pools and shifting toward higher-coupon holdings.
- Generated a positive economic return of 6.7% on tangible equity, driven by net spread, dollar roll income and dividend distributions.
- Maintained an approximate 82% hedge ratio and a 0.7-year duration gap, favoring positive duration for prepayment protection and the rate outlook.
- Sustained diversified funding via repo and TBA dollar rolls and preserved about $7.5B of unencumbered cash and securities to support operations.
- Management noted constructive conditions for Agency RMBS amid constrained supply, strong fund inflows and investor demand supporting relative value.
Original SEC Filing: AGNC Investment Corp. [ AGNC ] - 10-Q - Jul. 31, 2026
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