Ellington Credit Company

Q1 FY2027 EarningsQ1 FY27 results significantly exceeded consensus expectations on the bottom line, with GAAP net income of $12.3M vs. $7.62M expected (+61.6%). Although total investment income of $11.96M beat the $10.07M revenue consensus by 18.7%, the core performance was driven by a sharp recovery in the CLO portfolio, yielding an 8% quarterly economic return. Management reported a weighted average GAAP yield of 11.9% and guided towards further NII growth as excess liquidity is deployed into higher-yielding investments.