AGNC Investment Corp. Files 8-K on Financials

TL;DR

AGNC dropped an 8-K on 10/21 detailing financials for common and preferred stock.

AI Summary

AGNC Investment Corp. filed an 8-K on October 21, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits related to the company's common stock and various series of preferred stock, including Series C, D, E, F, and G.

Why It Matters

This filing provides crucial updates on AGNC's financial health and operational performance, which is essential for investors to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — As a real estate investment trust, AGNC is subject to market fluctuations and interest rate risks, which can impact its financial performance.

Key Players & Entities

• AGNC Investment Corp. (company) — Filer
• American Capital Agency Corp (company) — Former company name
• 7.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (company) — Preferred stock series
• 6.875% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (company) — Preferred stock series
• 6.500% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (company) — Preferred stock series
• 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (company) — Preferred stock series
• 7.75% Series G Fixed Rate Reset Cumulative Redeemable Preferred Stock (company) — Preferred stock series

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share AGNC The Nasdaq Global Select
• $0.63 — income for the third quarter of 2024 of $0.63 per share of common stock, comprised of
• $0.39 — per share of common stock, comprised of $0.39 net income per common share and $0.24 o
• $0.24 — f $0.39 net income per common share and $0.24 other comprehensive income ("OCI") per
• $8.82 — hrough OCI; Tangible net book value of $8.82 per share of common stock as of Septemb
• $526 m — ptember 30, 2024, which amount excludes $526 million, or $0.62 per common share, of go
• $0.62 — which amount excludes $526 million, or $0.62 per common share, of goodwill as of Sep
• $73.1 billion — of goodwill as of September 30, 2024; $73.1 billion fair value of its investment portfolio
• $0.36 — .3% for the third quarter, comprised of $0.36 dividend per share of common stock decl
• $0.42 — k declared during the third quarter and $0.42 increase in tangible net book value per
• $6.2 billion — e; Cash and unencumbered Agency MBS of $6.2 billion as of September 30, 2024; and Issued 7
• $781 million — he-Market Offerings for net proceeds of $781 million. Pursuant to the rules and regulations

Filing Documents

• agnc-20241021.htm (8-K) — 42KB
• agnc8kexhibit99193024.htm (EX-99.1) — 475KB
• agnc-20241021_g1.jpg (GRAPHIC) — 715KB
• agnclogowhitespacinghiresaa.jpg (GRAPHIC) — 715KB
• 0001423689-24-000060.txt ( ) — 3405KB
• agnc-20241021.xsd (EX-101.SCH) — 5KB
• agnc-20241021_def.xml (EX-101.DEF) — 20KB
• agnc-20241021_lab.xml (EX-101.LAB) — 40KB
• agnc-20241021_pre.xml (EX-101.PRE) — 20KB
• agnc-20241021_htm.xml (XML) — 8KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On October 21, 2024, AGNC Investment Corp. issued a press release announcing its financial results for the quarter ended September 30, 2024. The text of the aforementioned press release is included as exhibit 99.1 to this Form 8-K. The press release included the following financial information for the quarter: Total comprehensive income for the third quarter of 2024 of $0.63 per share of common stock, comprised of $0.39 net income per common share and $0.24 other comprehensive income ("OCI") per common share on investments marked-to-market through OCI; Tangible net book value of $8.82 per share of common stock as of September 30, 2024, which amount excludes $526 million, or $0.62 per common share, of goodwill as of September 30, 2024; $73.1 billion fair value of its investment portfolio as of September 30, 2024, inclusive of net forward purchases and sales of Agency mortgage-backed securities, in the "to-be-announced" ("TBA") market; Tangible net book value "at risk" leverage ratio was 7.2x as of September 30, 2024. Tangible net book value "at risk" leverage represents the ratio of the amount outstanding under its investment securities' repurchase agreements, debt of consolidated variable interest entities, net TBA position (at cost) and net receivable / payable for unsettled investment securities outstanding to the sum of total stockholders' equity adjusted to exclude goodwill as of period end (repurchase agreements used to fund U.S. Treasury securities are excluded from the Company's leverage measurement); Economic return on tangible common equity of 9.3% for the third quarter, comprised of $0.36 dividend per share of common stock declared during the third quarter and $0.42 increase in tangible net book value per common share; Cash and unencumbered Agency MBS of $6.2 billion as of September 30, 2024; and Issued 78.1 million shares of common equity through At-the-Market Offerings for net proceeds of $7

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (a) None. (b) None. (c) Exhibits Exhibit No. Description 99.1 Press Release dated October 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGNC I NVESTMENT C ORP . Dated: October 21, 2024 By: /s/ B ERNICE E. B ELL Bernice E. Bell Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR