Granite point mortgage trust inc. (GPMT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16Jun'16
Interest income:
Loans held-for-investment

63,259

63,428

61,796

58,133

56,665

51,708

46,424

42,359

38,793

35,837

29,655

24,920

22,638

14,933

12,238

Available-for-sale securities

280

294

308

311

308

309

294

285

272

268

265

256

246

242

248

Held-to-maturity securities

310

435

530

613

661

716

757

836

885

934

940

920

932

974

1,062

Cash and cash equivalents

326

547

810

907

511

101

85

29

27

16

4

4

2

3

2

Total interest income

64,175

64,704

63,444

59,964

58,145

52,834

47,560

43,509

39,977

37,055

30,864

26,100

23,818

16,152

13,550

Interest expense:
Repurchase agreements

19,675

19,163

17,951

13,529

16,989

17,000

14,304

14,934

16,194

15,659

12,060

5,493

4,756

-

-

Securitized debt obligations

9,434

10,935

12,467

13,554

9,859

7,092

6,693

3,875

0

-

0

0

-

-

-

Convertible senior notes

4,516

4,512

4,503

4,491

4,465

4,182

2,216

2,206

2,179

397

0

0

0

-

-

Asset-specific financings

1,122

1,174

1,119

598

0

-

0

0

-

-

-

-

-

-

-

Revolving credit facilities

242

491

322

165

695

276

152

220

0

-

0

0

-

-

-

Note payable to affiliate

-

-

-

-

-

-

-

-

-

31

437

2,280

1,350

-

-

Total interest expense

34,989

36,275

36,362

32,337

32,008

28,550

23,365

21,235

18,373

16,087

12,497

7,773

6,106

3,024

2,576

Net interest income

29,186

28,429

27,082

27,627

26,137

24,284

24,195

22,274

21,604

20,968

18,367

18,327

17,712

13,128

10,974

Other (loss) income:
Accounts and Financing Receivable, Credit Loss, Expense (Reversal)

53,336

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Fee income

522

95

0

202

913

0

0

564

882

0

0

0

0

15

21

Total other (loss) income

-52,814

95

0

202

913

0

0

564

882

0

0

0

0

15

21

Expenses:
Management fees

3,907

3,805

3,800

3,800

3,449

3,109

3,100

3,100

3,200

3,020

3,130

1,925

1,662

1,689

1,640

Incentive fees

0

0

0

0

244

0

0

0

0

-

-

-

-

-

-

Servicing expenses

1,109

999

1,013

885

773

628

616

494

458

392

333

307

322

145

122

Other operating expenses

8,553

6,008

4,877

5,006

5,616

3,884

3,904

4,005

4,232

3,421

3,388

1,900

2,273

1,721

1,396

Total expenses

13,569

10,848

9,691

9,654

10,082

7,587

7,631

7,613

7,899

6,833

6,851

4,132

4,257

3,555

3,158

(Loss) income before income taxes

-37,197

17,676

17,391

18,175

16,968

16,697

16,564

15,225

14,587

14,135

11,516

14,195

13,455

9,588

7,837

Benefit from income taxes

-6

0

-1

-2

-1

0

-1

-2

1

-1

-2

-2

1

-2

-1

Net (loss) income

-37,191

17,676

17,392

18,177

16,969

16,697

16,565

15,227

14,586

14,136

11,518

14,197

13,454

9,590

7,838

Dividends on preferred stock

25

25

25

25

25

25

25

25

25

25

25

0

0

0

-

Net (loss) income attributable to common stockholders

-37,216

17,651

17,367

18,152

16,944

16,672

16,540

15,202

14,561

14,111

11,493

14,197

13,454

9,590

-

Basic earnings per weighted average common share (in usd per share)

-0.68

0.31

0.32

0.34

0.35

0.38

0.38

0.35

0.34

0.33

0.27

0.00

0.00

-

-

Diluted earnings per weighted average common share (in usd per share)

-0.68

0.33

0.32

0.33

0.34

0.38

0.37

0.34

0.33

0.33

0.27

0.00

0.00

-

-

Basic and diluted earnings per weighted average common share (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

Dividends declared per common share (in usd per share)

0.00

-

0.42

0.42

0.42

-

0.42

0.40

0.38

-

-

-

-

0.00

0.00

Weighted average basic common shares outstanding (in shares)

55,056

54,941

54,853

53,953

48,601

43,504

43,456

43,446

43,374

86,470

43,234

43,234

0

-

-

Weighted average diluted common shares outstanding (in shares)

55,056

27,615

54,853

67,624

62,256

56,405

50,651

50,634

50,467

86,470

43,234

43,234

0

-

-

Basic and diluted weighted average number of shares of common stock outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Comprehensive (loss) income:
Net Income Available to Common Stockholders

-37,216

17,651

17,367

18,152

16,944

16,672

16,540

15,202

14,561

14,111

11,493

14,197

13,454

9,590

-

Net income

-37,191

17,676

17,392

18,177

16,969

16,697

16,565

15,227

14,586

14,136

11,518

14,197

13,454

9,590

7,838

Other comprehensive (loss) income, net of tax:
Unrealized (loss) gain on available-for-sale securities

-3,744

0

0

32

192

-224

32

-16

16

-16

32

16

80

64

63

Other Comprehensive Income (Loss), Net of Tax

-3,744

0

0

32

192

-224

32

-16

16

-16

32

16

80

64

63

Comprehensive (loss) income attributable to common stockholders

-40,960

17,651

17,367

18,184

17,136

16,448

16,572

15,186

14,577

14,095

11,525

14,213

13,534

9,654

7,901