Mtge investment corp. (MTGEP)
Income statement / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11
Interest income:
Agency securities

26,873

27,511

25,165

23,147

22,010

17,901

23,094

19,028

18,303

17,373

23,587

19,988

27,573

27,894

25,825

27,208

31,459

34,272

54,141

54,587

51,053

40,183

39,144

37,311

30,321

15,306

11,793

4,039

Non-agency securities

11,725

11,994

12,705

12,521

13,478

15,696

16,261

16,410

16,986

19,734

20,375

19,760

17,726

16,928

16,488

16,324

15,502

15,968

15,497

15,847

12,731

11,293

10,511

6,949

4,298

1,271

468

65

Investment Income, Interest

21

125

297

323

245

160

98

153

165

165

90

67

46

84

65

114

77

56

56

77

143

91

113

95

76

25

25

24

Interest expense

19,482

17,053

15,570

14,447

12,344

10,165

10,144

10,082

9,576

9,780

8,199

7,586

7,561

7,454

6,823

6,407

7,256

8,145

10,656

10,949

9,113

8,036

8,288

7,329

4,786

1,664

1,354

383

Net interest income

19,137

22,577

22,597

21,544

23,389

23,592

29,309

25,509

25,878

27,492

35,853

32,229

37,784

37,452

35,555

37,239

39,782

42,151

59,038

59,562

54,814

43,531

41,480

37,026

29,909

14,938

10,932

3,745

Net servicing loss

-

-

-

-1,161

-

-

-1,161

-2,490

-5,783

-8,256

-4,986

-4,004

-4,111

-4,266

-4,386

-3,132

-3,037

-4,658

-4,139

0

0

0

-

-

-

-

-

-

Healthcare:
Healthcare real estate income

8,411

7,760

7,691

7,671

5,754

3,315

2,721

2,424

914

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Healthcare real estate expense

6,571

5,795

5,841

5,702

4,373

2,653

2,223

2,074

1,103

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net healthcare loss

1,840

1,965

1,850

1,969

1,381

662

498

350

-189

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other gains (losses):
Realized gain on agency securities, net

-466

-1,940

-317

775

-489

-212

-5,226

5,913

2,668

420

2,762

175

-6,661

934

133

685

4,052

-13,133

-86,768

-71,179

-20,979

8,674

26,977

23,566

17,096

5,971

1,045

2,392

Realized gain on non-agency securities, net

5,543

4,154

5,225

395

14,481

12,714

3,182

756

3,644

-1,635

-732

8

3,151

3,246

-

17,403

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on non-agency securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,983

1,409

-

5,884

8,307

1,419

828

952

0

0

0

0

Realized loss on periodic settlements of interest rate swaps, net

4,175

358

-1,015

-1,361

-2,281

-2,660

-1,935

-2,041

-2,531

-3,830

-3,900

-3,793

-4,433

-4,311

-4,988

-5,226

-5,227

-4,947

-8,778

-14,449

-10,045

-7,734

-6,747

-6,855

-3,815

-1,041

-1,166

-577

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

6,844

2,736

7,347

18,222

4,745

2,167

-9,930

-40,483

-9,724

-36,572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on other derivatives and securities, net

-

-

-

-

-

-

-

-

-

-

-

-27,724

-32,541

17,242

-

13,704

11,560

-22,028

25,898

65,258

23,865

-2,448

-791

-29,132

-17,387

562

-514

-3,342

Unrealized gain on agency securities, net

-21,341

-76,170

-19,313

8,780

9,146

-115

-84,460

-5,228

25,098

49,880

-40,972

32,583

-60,834

41,128

60,474

-18,446

78,336

67,557

-24,974

80,894

-292,864

-78,840

-41,538

95,477

65,511

4,006

11,847

1,970

Unrealized gain on non-agency securities, net

-5,780

-3,337

4,110

9,007

11,219

13,014

2,555

33,462

15,854

-11,324

-16,120

-13,104

-13,287

-642

-15,120

-21,103

2,018

7,830

13,088

-424

-23,751

30,478

29,804

33,118

-1,023

2,411

314

-747

Unrealized Gain (Loss) on Derivatives

6,583

33,457

14,026

-2,895

-11,718

-2,839

30,396

58,563

-3,290

-22,280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Operating Income

2

50

152

4

75

2,558

3,589

3,904

4,166

9,649

13,870

11,576

11,388

11,804

11,839

13,081

11,389

9,564

3,350

0

0

0

-

-

-

-

-

-

Other Noninterest Expense

775

250

61

1,165

1,915

4,985

4,750

6,394

9,949

17,905

18,856

15,580

15,499

16,070

16,225

16,213

14,426

14,222

7,489

0

0

0

-

-

-

-

-

-

Unrealized gain and net interest income on linked transactions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,384

-237

-813

Unrealized loss on other derivatives and securities, net

-

-

-

-

-

-

-

-

-

-

-

-18,654

42,008

-49,742

-

-3,303

-49,211

-19,094

14,628

-105,138

213,307

-15,251

9,015

-3,118

-54,397

-6,785

-3,224

819

Unrealized gain (loss) mortgage servicing rights

-

-

-

0

-

-

2,007

62

-3,788

-9,027

3,176

-5,260

4,863

-3,194

-3,906

-3,076

-529

-100

-

0

0

-

-

-

-

-

-

-

Impairment of Intangible Assets, Finite-lived

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total other gains, net

-5,215

-40,942

14,330

32,923

23,263

19,642

-68,411

51,004

27,931

-34,368

-30,220

-45,769

-67,734

4,661

-6,849

-19,362

53,982

17,494

-65,660

-39,154

-102,160

-63,702

14,164

114,008

5,985

8,508

-

-

Expenses:
Total other gains, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-298

Asset Management Costs

3,585

3,389

3,290

3,543

3,488

3,376

3,510

3,525

3,659

3,815

4,042

4,250

4,425

4,508

4,472

4,544

4,377

4,248

4,432

4,725

5,079

4,444

3,005

2,945

2,606

1,082

757

431

General and administrative expenses

4,220

1,578

1,798

1,882

1,933

1,719

1,651

1,794

3,771

2,042

2,057

1,845

2,129

1,949

2,137

1,908

1,846

1,830

1,755

1,781

1,928

1,777

1,509

1,415

1,059

1,035

1,005

550

Total expenses

7,805

4,967

5,088

5,425

5,421

5,095

5,161

5,319

7,430

5,857

6,099

6,095

6,554

6,457

6,609

6,452

6,223

6,078

6,187

6,506

7,007

6,221

4,514

4,360

3,665

2,117

1,762

981

Income before excise tax

-

-

-

49,850

-

-

-44,926

69,054

40,407

-20,989

-5,452

-23,639

-40,615

31,390

17,711

8,293

84,504

48,909

-16,948

13,902

-54,353

-26,392

51,130

146,674

32,229

21,329

17,235

2,466

Income Tax Expense (Benefit)

-

-

-

0

-

-

-121

-31

-281

308

-570

-373

658

327

-

0

207

-

-

-

-

-

-

-

-

-

-

-

Excise and TRS tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

-

-

-

-

-

-

-

-

-

-

Excise tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

0

177

-

432

0

9

32

0

Net income

7,961

-21,362

30,067

49,850

42,619

38,799

-44,184

69,018

40,132

-21,297

-

-

-

31,063

17,829

8,293

84,297

48,760

-17,250

13,702

-54,353

-26,569

50,389

146,242

32,229

21,320

17,203

2,466

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,957

-21,367

30,063

49,850

42,612

38,801

-44,181

69,023

40,126

-21,297

-

-24,012

-39,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Stock Dividends, Income Statement Impact

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

484

0

-

0

0

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-4

-5

-4

0

-7

2

3

5

-6

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

6,844

-22,479

28,950

48,733

41,502

37,682

-45,301

67,901

39,015

-22,414

-6,569

-25,129

-41,074

29,946

16,712

7,176

83,813

48,760

-

13,702

-54,353

-

-

-

-

-

-

-

Earnings Per Share, Basic

-

-

-

-

-

-

-

-

-

-0.48

-

-0.49

-0.80

0.59

-

-

-

0.95

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

-

-

-

-

-

-

-

-

-

-0.48

-

-0.49

-0.80

0.58

-

-

-

0.95

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

0.15

-0.49

0.63

1.06

0.91

0.82

-

1.48

0.85

-

-

-

-

-

-

0.14

1.64

-

-0.34

0.25

-0.94

-0.56

1.90

4.03

1.15

1.82

1.72

0.25

Weighted Average Number of Shares Outstanding, Basic

45,816

45,810

45,810

45,809

45,803

45,798

45,794

45,798

45,777

46,651

48,865

50,815

51,179

51,165

51,148

51,142

51,142

51,272

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

45,818

45,822

45,820

45,814

45,804

45,806

45,787

45,801

45,778

46,666

48,849

50,828

51,190

51,209

51,196

51,158

51,142

51,272

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,515

57,982

47,469

-

-

-

-

-

-

Weighted average number of common shares outstandingbasic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,262

28,129

11,724

-

10,006

Common Stock, Dividends, Per Share, Declared

0.50

0.50

-

0.45

0.45

0.45

-

0.40

0.40

0.40

-

0.40

0.50

0.50

-

0.65

0.65

0.65

-

0.70

0.80

0.90

-

0.90

0.90

0.90

-

0.20