- Book value was $10.71 per diluted common share, representing a 3.9% (1) return on book value, after accounting for a dividend of $0.26 per share.
- Delivered Comprehensive Income of $152.6 million, a return on average equity of 15.7%, or $0.42 per diluted weighted average common share.
- Reported Core Earnings of $88.2 million, or $0.24 per diluted weighted average common share.
- Generated an aggregate portfolio yield of 4.6% for the quarter ended March 31, 2014, compared to an aggregate yield of 4.3% for the quarter ended December 31, 2013.
|Two Harbors Operating Performance|
|(dollars in thousands, except per share data)||Q1-2014|
|Per diluted||return on|
|Core Earnings (1)||$||88,203||$||0.24||9.1||%|
|GAAP Net Loss||$||(29,145||)||$||(0.08||)||(3.0||)%|
|Dividend per common share||$0.26|
|Book value per diluted share at period end||$10.71|
|Other operating expenses as a percentage of average equity||1.5||%|