AGNC Reports Q3 2026 Earnings with Comprehensive Loss of $1.28 per Share
AGNC Investment Corp (AGNC) reported a comprehensive loss of $1.28 per common share for the third quarter of 2026, driven by a decline in tangible net book value to $7.13 per share from $8.58 at June 30. The company recorded a negative economic return of 12.7% during the period due to declining asset values and dividend payouts. Despite this, AGNC saw a modest recovery in its tangible net book value by early October. The firm's total investment portfolio reached $94.4 billion at fair value, with most assets held in Agency mortgage-backed securities (MBS). AGNC raised $992 million through the issuance of 97.6 million shares following inclusion in the S&P MidCap 400 Index. The company also increased its leverage to 7.9x from 7.4x due to portfolio growth and falling book values. AGNC's net interest spread narrowed slightly to 1.86% compared to 2.00% in Q2, as higher funding costs offset improved asset yields. Management noted that the MBS spreads relative to Treasuries reached a multiyear high of 135 basis points and warned about ongoing sensitivity to interest rate volatility.
Tickers: $AGNC
Topics: earnings investment portfolio loss per share tangible net book value
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