American Capital Agency Corp. Reports Profit In Q4 - Quick Facts

(RTTNews) - American Capital Agency Corp. (AGNC) reported comprehensive income for the fourth quarter of 2015 of $0.06 per common share, comprised of: $1.70 net income per common share; and $1.64 other comprehensive loss per common share. Net income available to common stockholders was $581 million, while comprehensive income available to common stockholders was $20 million, for the quarter.

The company reported $0.54 net spread and dollar roll income per common share, excluding estimated catch-up premium amortization benefit, for the quarter.

Economic return for the period, defined as dividends per common share and the change in net book value per common share, was 0.8%. Net interest income was $288 million for the fourth-quarter.

The company reported that, as of December 31, 2015, its net book value per common share was $22.59, or $0.41 lower than its September 30, 2015 net book value per common share, largely due to further spread widening between agency MBS and benchmark interest rates, such as interest rate swap rates.