Ellington Financial Q2 Adjusted EPS Beats by 30% on Longbridge Surge
EFC sits 18% above its 52-week low of $11.275.
Summary
Ellington Financial delivered a strong Q2 beat, with adjusted EPS of $0.60 trouncing the $0.46 consensus and adjusted net income of $75.5M well above the $55.5M estimate. The outperformance was driven by the Longbridge reverse mortgage segment, where higher origination volumes and securitization gains boosted results. Net interest margin came in at 3.36%, and credit losses remained low across both residential and commercial portfolios. This follows a series of rising book value estimates through June, signaling sustained portfolio strength. The stock trades at just 7x forward earnings, leaving room for multiple expansion if momentum continues.
At the time of this announcement, EFC was trading at $13.32 on NYSE in the Finance sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $11.28 to $14.12. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.