AGNC Investment: Q2 2026 — $0.52 comprehensive income per share; tangible NAV $8.58; $0.36 quarterly dividend

AGNC Investment reported comprehensive income of $0.52 per common share for Q2 2026, which included net income of $0.52 per share and $(0.01) per share of other comprehensive loss. Tangible net book value per common share rose to $8.58 as of June 30, 2026, and the company declared $0.36 of dividends per common share for the quarter. The firm ended the quarter with a $97.2 billion investment portfolio, $7.5 billion of unencumbered cash and Agency MBS, and tangible “at risk” leverage of 7.4x.

Financial Highlights

• Comprehensive income per common share: $0.52 for Q2 2026 (comprised of $0.52 net income per common share and $(0.01) OCI per common share).
• Net spread and dollar roll income per common share (non-GAAP): $0.40 for Q2 2026.
• Tangible net book value per common share: $8.58 as of June 30, 2026, up $0.20 (2.4%) from March 31, 2026.
• Dividends declared per common share: $0.36 for the quarter (three monthly dividends of $0.12 each).
• Net income attributable to common stockholders: $610 million for the quarter (GAAP); comprehensive income available to common stockholders: $603 million.

Business Highlights

• Investment portfolio totaled $97.2 billion as of June 30, 2026, comprised primarily of Agency MBS and TBA positions (approximately $96.5 billion combined) and $0.7 billion of CRT and non-Agency credit investments.
• Portfolio composition concentrated in 30-year fixed-rate Agency MBS and TBAs, representing 94% of the investment portfolio; weighted average coupon for fixed-rate Agency MBS and TBAs was 5.04%.
• Liquidity position: $7.5 billion of unencumbered cash and Agency MBS as of quarter end, representing 62% of tangible equity.
• Hedging and funding: tangible net book value “at risk” leverage of 7.4x (average and period-end); 73% of funding liabilities hedged with swaps, U.S. Treasuries, swaptions and other hedges (82% coverage excluding option-based hedges).
• Operational activity: issued 16.2 million shares of common equity through ATM offerings for net proceeds of $167 million during the quarter.

Original SEC Filing:

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