Annaly Capital Management Posts Q2 Loss - Quick Facts

(RTTNews) - Annaly Capital Management, Inc. (NLY) reported a second-quarter GAAP net loss of $278.5 million, or $0.32 per share, compared to GAAP net income of $900.1 million, or $0.93 per share, for the quarter ended June 30, 2015. Second-quarter core earnings was $282.2 million, or $0.29 per share, compared to $331.5 million, or $0.33 per share, for the quarter ended June 30, 2015. The company said its core earnings declined due to higher borrowing costs and a reduction in TBA dollar roll income, partially offset by lower interest expense on swaps during the quarter ended June 30, 2016.

Second-quarter net interest income decreased year-over-year to $304.36 million from $511.21 million. Net interest margin for the quarter ended June 30, 2016 was 1.15% compared to 2.06%, prior year. Core net interest margin was 1.54% compared to 1.70%.