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Complete financial analysis of AGNC Investment Corp. (AGNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AGNC Investment Corp., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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AGNC Investment Corp. (AGNC)
About AGNC Investment Corp.
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. It funds its investments primarily through collateralized borrowings structured as repurchase agreements. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was incorporated in 2008 and is headquartered in Bethesda, Maryland.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 251.00M | 2.55B | 837.00M | -173.00M | 771.00M | 229.00M | 841.00M | 676.00M | 238.00M | -211.00M | 1.30B | 1.33B | 850.64M | 130.40M | 130.09M | 41.11M |
| Cost of Revenue | 96.00M | 74.00M | 88.00M | 266.00M | 0.00 | 25.00M | 3.00M | 2.00M | 116.00M | 119.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 155.00M | 2.48B | 749.00M | -439.00M | 771.00M | 204.00M | 838.00M | 674.00M | 122.00M | -330.00M | 1.30B | 1.33B | 850.64M | 130.40M | 130.09M | 41.11M |
| Gross Profit Ratio | 61.75% | 97.10% | 89.49% | 253.76% | 100.00% | 89.08% | 99.64% | 99.70% | 51.26% | 156.40% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | -0.36 | 0.31 | -0.78 | 0.64 | 0.07 | 0.48 | -56.64 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 62.00M | 41.00M | 54.00M | 56.00M | 47.00M | 45.00M | 42.00M | 19.00M | 23.00M | 22.00M | 32.00M | 31.00M | 73.96M | 18.81M | 11.15M | 5.76M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 62.00M | 41.00M | 54.00M | 56.00M | 47.00M | 45.00M | 42.00M | 19.00M | 23.00M | 22.00M | 32.00M | 31.00M | 73.96M | 18.81M | 11.15M | 5.76M |
| Other Expenses | 0.00 | 74.00M | -142.00M | -149.00M | -130.00M | 1.78B | -524.00M | -364.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -11.51M |
| Operating Expenses | 96.00M | 74.00M | -88.00M | -93.00M | -83.00M | 1.82B | 73.00M | 53.00M | 23.00M | 22.00M | 139.00M | 324.00M | 19.11M | 7.53M | 6.48M | -5.76M |
| Cost & Expenses | 192.00M | 148.00M | -88.00M | -93.00M | -83.00M | 1.82B | 73.00M | 105.00M | 139.00M | 141.00M | 139.00M | 324.00M | 19.11M | 7.53M | 6.48M | -5.76M |
| Interest Income | 2.04B | 1.59B | 1.36B | 1.52B | 2.84B | 1.95B | 1.29B | 1.32B | 1.47B | 1.47B | 2.19B | 2.11B | 1.11B | 253.01M | 127.92M | 55.13M |
| Interest Expense | 2.29B | 625.00M | 75.00M | 674.00M | 2.15B | 1.17B | 524.00M | 394.00M | 330.00M | 372.00M | 536.00M | 512.00M | 284.58M | 76.03M | 43.54M | 24.94M |
| Depreciation & Amortization | 2.53B | 3.87B | 1.59B | -213.00M | -1.76B | 618.00M | 296.00M | -998.00M | -215.00M | 233.00M | -1.24B | -1.48B | 0.00 | 0.00 | 26.08M | 10.76M |
| EBITDA | 2.59B | 2.40B | 749.00M | 0.00 | 0.00 | 1.33B | 0.00 | 989.00M | 0.00 | 0.00 | 0.00 | 0.00 | 776.69M | 288.57M | 188.57M | 60.21M |
| EBITDA Ratio | 1,031.08% | -22.17% | 89.49% | 153.76% | 89.23% | 579.48% | 92.03% | 92.46% | 90.34% | 110.43% | 97.55% | 97.66% | 91.31% | 221.30% | 111.48% | 112.18% |
| Operating Income | 59.00M | -565.00M | 749.00M | -266.00M | 688.00M | 1.30B | 771.00M | 623.00M | 215.00M | -233.00M | 1.27B | 1.30B | 776.69M | 288.57M | 118.95M | 35.35M |
| Operating Income Ratio | 23.51% | -22.17% | 89.49% | 153.76% | 89.23% | 568.56% | 91.68% | 92.16% | 90.34% | 110.43% | 97.55% | 97.66% | 91.31% | 221.30% | 91.43% | 86.00% |
| Total Other Income/Expenses | 96.00M | 0.00 | -88.00M | 0.00 | -2.15B | -27.00M | 0.00 | -9.00M | 0.00 | 0.00 | 29.00M | -180.00M | 0.00 | 165.70M | -69.62M | -24.86M |
| Income Before Tax | 155.00M | -1.19B | 749.00M | -266.00M | 688.00M | 129.00M | 771.00M | 623.00M | 215.00M | -233.00M | 1.27B | 1.30B | 776.69M | 288.57M | 118.95M | 0.00 |
| Income Before Tax Ratio | 61.75% | -46.68% | 89.49% | 153.76% | 89.23% | 56.33% | 91.68% | 92.16% | 90.34% | 110.43% | 97.55% | 97.66% | 91.31% | 221.30% | 91.43% | 0.00% |
| Income Tax Expense | 0.00 | -1.19B | 100.00M | 3.04B | -1.46B | 24.84M | 1.30B | 987.00M | 28.00M | -233.00M | 13.00M | 19.00M | 6.21M | 455.00K | 335.00K | 0.00 |
| Net Income | 155.00M | -1.19B | 749.00M | -266.00M | 688.00M | 129.00M | 771.00M | 623.00M | 215.00M | -233.00M | 1.26B | 1.28B | 770.48M | 288.12M | 118.61M | 35.35M |
| Net Income Ratio | 61.75% | -46.68% | 89.49% | 153.76% | 89.23% | 56.33% | 91.68% | 92.16% | 90.34% | 110.43% | 96.55% | 96.23% | 90.58% | 220.95% | 91.18% | 86.00% |
| EPS | 0.05 | -2.22 | 1.23 | -0.48 | 1.16 | 0.29 | 2.04 | 1.79 | 0.54 | -0.66 | 3.28 | 4.17 | 5.02 | 7.89 | 6.78 | 2.36 |
| EPS Diluted | 0.05 | -2.22 | 1.22 | -0.48 | 1.16 | 0.29 | 2.04 | 1.79 | 0.54 | -0.66 | 3.28 | 4.17 | 5.02 | 7.89 | 6.78 | 2.36 |
| Weighted Avg Shares Out | 618.40M | 537.00M | 528.10M | 551.60M | 540.60M | 441.10M | 358.60M | 331.90M | 348.60M | 353.30M | 379.10M | 303.90M | 153.34M | 36.50M | 17.51M | 15.00M |
| Weighted Avg Shares Out (Dil) | 619.60M | 537.00M | 530.00M | 551.60M | 541.40M | 441.40M | 358.70M | 331.90M | 348.60M | 353.30M | 379.10M | 303.90M | 153.34M | 36.50M | 17.51M | 15.00M |
The Open Secret That Is AGNC Investment's Achilles' Heel
AGNC Investment is a mortgage real estate investment trust. From a total return perspective the company has done a good job of rewarding investors over time.
Fed Rate Cut Round the Corner: Should You Make a Bet on AGNC Stock?
Attractive dividend yield and the Fed's rate cut decision are a positive for AGNC but recent volatility in the mortgage market might impact its financials.
Rates Down, REITs Up
Rates down, REITs up? Two years of persistent rate-driven pressure on residential and commercial real estate markets appears to finally be abating as the worst of pandemic-era inflationary pressures subside. Since the "pivot' in early July, the REIT Index has...
Should You Buy AGNC Investment Ahead of Federal Reserve Interest Rate Cuts?
AGNC's monthly dividend payment makes it appealing for income-focused investors. The dividend for the mortgage real estate investment trust currently yields 14%.
Want $500 in Annual Dividend Income? Invest $4,100 in These 2 Ultra-High-Yield Dividend Stocks.
AGNC Capital and PennantPark Floating Rate Capital aren't known for raising their dividends very quickly, but they both offer eye-popping yields. AGNC Capital invests in mortgage-backed securities that could become more popular by the end of 2024.
A Summer To Remember
U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the...
2 High-Yield Stocks to Buy Hand Over Fist and 1 to Avoid
AGNC Investment is a high-yield real estate investment trust that invests in mortgage securities. AGNC Investment has a dividend yield of more than 14% and a history of cutting its payout.
Prediction: AGNC Investment Will Outperform the Market Over the Next Year
AGNC's stock has performed poorly over the past few years. However, lower interest rates set the stock up well to outperform over the next year.
AGNC: Same Results, Same Dividend, Different Reaction
AGNC reported 2nd quarter results in line with expectations amidst volatile financial markets. Revisited marketplace parameters show early signs of improvement, particularly in MBS values. Future predictions include a high likelihood of interest rate cuts.
Source: https://incomestatements.info
Category: Stock Reports