Annaly Capital Reports Q3 2026 Earnings with Record Onslow Bay Funding Volume
Annaly Capital (NLY) reported mixed third-quarter 2026 results, posting an adjusted earnings available for distribution of $0.80 per share to cover its dividend. Despite this core operational profit, the company faced a GAAP net loss of $1.36 per share, a negative economic return of 7.6%, and an 11.4% decline in book value per share to $17.86. Management highlighted strategic growth through its Onslow Bay correspondent channel, which achieved record quarterly funding volume of $5.8 billion. Additionally, the company continues to expand its position as a leading purchaser of bulk mortgage servicing rights (MSR) and utilizes specified pools within its agency mortgage-backed securities portfolio to mitigate interest rate volatility and prepayment risks.
Tickers: $NLY
Topics: dividend coverage earnings report mortgage servicing rights residential mortgage loans