AGNC Posts $1.28/Share Q3 Comprehensive Loss as Book Value Drops 16.9%
AGNC is trading near its 52-week low of $8.39 (0.6% above the low).
Summary
AGNC lost $1.28 per share on a comprehensive basis in Q3 as tangible book value fell 16.9% to $7.13, while it raised $992 million selling 97.6 million shares through its ATM at a premium to book.
Key Events · Earnings and Guidance · AGNC
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Q3 Comprehensive Loss of $1.28/Share
Total comprehensive loss was $(1.28) per common share, comprising $(1.17) net loss and $(0.11) OCI, versus $0.52 comprehensive income in Q2.
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Book Value Falls 16.9% to $7.13
Tangible net book value dropped $1.45 per share from $8.58 at June 30, producing a -12.7% economic return on tangible common equity for the quarter.
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$992M ATM Issuance at Premium to Book
AGNC issued 97.6 million shares through its ATM for $992 million net proceeds, which management said was at a significant premium to tangible book value, aided by S&P MidCap 400 index inclusion.
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Leverage Rises to 7.9x
Tangible net book value at-risk leverage increased to 7.9x at September 30 from 7.4x at June 30, with $6.3 billion of unencumbered cash and Agency MBS (57% of tangible equity).
Analysis · AGNC · Real Estate & Construction
Treasury volatility crushed Agency MBS valuations, driving tangible book value down to $7.13 per share from $8.58—a 16.9% quarterly decline—and producing a -12.7% economic return. The damage was cushioned by the issuance of 97.6 million shares through the ATM for $992 million in net proceeds at a premium to book value. Still, leverage rose to 7.9x, and with the stock near its 52-week low at $8.44—above the $7.13 book value—the premium-issuance window may be narrowing. Net spread and dollar roll income of $0.37 per share barely covers the $0.36 quarterly dividend.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AGNC was trading at $8.44 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $10B. The 52-week trading range was $8.39 to $12.19. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.