Two Harbors Investments Reports $276.7M Net Income in Q4
Two Harbors Investments Corp. (TWO) announced fourth-quarter net income of $276.7 million on Wednesday. The St. Louis Park, Minnesota-based company reported per-share net income of $2.37. Excluding non-recurring gains, adjusted earnings came in at 20 cents per share.
The real estate investment trust, which focuses on mortgage-backed securities, recorded $103.8 million in revenue during the quarter. Its adjusted revenue stood at -$34.9 million. For the full year, Two Harbors Investments reported a profit of $298.2 million, or $2.37 per share. Total revenue for the year was -$157.7 million.