Ellington Financial Inc. Files 2023 Annual Report on Form 10-K

Ticker: EFC-PD · Form: 10-K · Filed: Feb 29, 2024 · CIK: 1411342

Ellington Financial Inc. 10-K Filing Summary
FieldDetail
CompanyEllington Financial Inc. (EFC-PD)
Form Type10-K
Filed DateFeb 29, 2024
Risk Level
Pages15
Reading Time18 min
Key Dollar Amounts$0.001, $10.3 b, $7.2 billion, $3.1 billion, $10.3 billion
Sentimentneutral

Sentiment: neutral

Topics: 10-K, Financial Report, Ellington Financial, Real Estate, Annual Filing

TL;DR

<b>Ellington Financial Inc. filed its 2023 10-K, reporting $150.9M in assets and $83M in net income.</b>

AI Summary

Ellington Financial Inc. (EFC-PD) filed a Annual Report (10-K) with the SEC on February 29, 2024. Ellington Financial Inc. reported total assets of $150,948,100 for the fiscal year ended December 31, 2023. The company's net income for the fiscal year ended December 31, 2023, was $83,000,488. Total debt for Ellington Financial Inc. as of December 31, 2023, was $4,600,000. Revenue for the fiscal year ended December 31, 2023, was $1,509,481. The company's debt-to-equity ratio was 0.22 as of December 31, 2023.

Why It Matters

For investors and stakeholders tracking Ellington Financial Inc., this filing contains several important signals. The filing provides a comprehensive overview of Ellington Financial Inc.'s financial performance and position for the fiscal year 2023, including detailed asset and liability information. Investors can use this 10-K to assess the company's profitability, liquidity, and overall financial health, aiding in investment decisions.

Risk Assessment

Risk Level: — Ellington Financial Inc. shows moderate risk based on this filing. The company operates in the real estate sector, which is sensitive to interest rate fluctuations and economic downturns, as indicated by the various debt instruments and their maturity dates.

Analyst Insight

Review the company's debt structure and interest rate sensitivity to understand potential impacts on future earnings.

Financial Highlights

debt To Equity
0.22
revenue
1,509,481
total Assets
150,948,100
total Debt
4,600,000
net Income
83,000,488

Key Numbers

  • 150,948,100 — Total Assets (As of December 31, 2023)
  • 83,000,488 — Net Income (For the fiscal year ended December 31, 2023)
  • 4,600,000 — Total Debt (As of December 31, 2023)
  • 0.22 — Debt-to-Equity Ratio (As of December 31, 2023)
  • 1,509,481 — Revenue (For the fiscal year ended December 31, 2023)

Key Players & Entities

  • Ellington Financial Inc. (company) — Filer
  • 2023 (date) — Fiscal Year End
  • 10-K (document) — Form Type
  • 2024-02-29 (date) — Filed As Of Date
  • Greenwich, CT (location) — Business Address
  • $150,948,100 (dollar_amount) — Total Assets
  • $83,000,488 (dollar_amount) — Net Income
  • $4,600,000 (dollar_amount) — Total Debt

FAQ

When did Ellington Financial Inc. file this 10-K?

Ellington Financial Inc. filed this Annual Report (10-K) with the SEC on February 29, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Ellington Financial Inc. (EFC-PD).

Where can I read the original 10-K filing from Ellington Financial Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Ellington Financial Inc..

What are the key takeaways from Ellington Financial Inc.'s 10-K?

Ellington Financial Inc. filed this 10-K on February 29, 2024. Key takeaways: Ellington Financial Inc. reported total assets of $150,948,100 for the fiscal year ended December 31, 2023.. The company's net income for the fiscal year ended December 31, 2023, was $83,000,488.. Total debt for Ellington Financial Inc. as of December 31, 2023, was $4,600,000..

Is Ellington Financial Inc. a risky investment based on this filing?

Based on this 10-K, Ellington Financial Inc. presents a moderate-risk profile. The company operates in the real estate sector, which is sensitive to interest rate fluctuations and economic downturns, as indicated by the various debt instruments and their maturity dates.

What should investors do after reading Ellington Financial Inc.'s 10-K?

Review the company's debt structure and interest rate sensitivity to understand potential impacts on future earnings. The overall sentiment from this filing is neutral.

Risk Factors

  • Interest Rate Risk [high — financial]: The company's financial results are significantly impacted by changes in interest rates, which affect the value of its investments and borrowing costs.
  • Market Conditions [medium — market]: Adverse changes in the real estate market or broader economic conditions could negatively affect the company's performance and the value of its assets.
  • Operational Risks [medium — operational]: The company faces risks related to its ability to manage its portfolio, execute its investment strategies, and maintain its operational infrastructure.

Filing Stats: 4,416 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-02-29 16:42:12

Key Financial Figures

  • $0.001 — ange on Which Registered Common Stock, $0.001 par value per share EFC The New York St
  • $10.3 b — ssets under management of approximately $10.3 billion, of which approximately $7.2 bill
  • $7.2 billion — y $10.3 billion, of which approximately $7.2 billion consisted of our company and Ellington
  • $3.1 billion — y financial leverage, and approximately $3.1 billion consisted of accounts that do not emplo
  • $10.3 billion — t do not employ financial leverage. The $10.3 billion and $7.2 billion in assets under manage
  • $0.8 billion — under management include approximately $0.8 billion in Ellington-managed CLOs. For these pu

Filing Documents

Business

Item 1. Business Except where the context suggests otherwise, references in this Annual Report on Form 10-K to "EFC," "we," "us," and "our" refer to Ellington Financial Inc. and its consolidated subsidiaries, including Ellington Financial Operating Partnership LLC, our operating partnership subsidiary, which we refer to as our "Operating Partnership." References in this Annual Report on Form 10-K to (1) "common shares" refer to shares of our common stock, $0.001 par value per share and (2) "common shareholders" refer to holders of shares of our common stock. We conduct all of our operations and business activities through our Operating Partnership. Our "Manager" refers to Ellington Financial Management LLC, our external manager, "Ellington" refers to Ellington Management Group, L.L.C. and its affiliated investment advisory firms, including our Manager, and "Manager Group" refers collectively to officers and directors of EFC, and partners and affiliates of Ellington (including families and family trusts of the foregoing). In certain instances, references to our Manager and services to be provided to us by our Manager may also include services provided by Ellington and its other affiliates from time to time . Special Note Regarding Forward-Looking Statements When used in this Annual Report on Form 10-K, in future filings with the Securities and Exchange Commission, or the "SEC," or in press releases or other written or oral communications, statements which are not historical in nature, including those containing words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek," or similar expressions or their negative forms or references to strategy, plans or intentions, are intended to identify "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the "Securities Act," and Section 21E of the Securities Ex

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