AG Mortgage reports Q1 EPS 21c, consensus 21c

Reports $10.65 Book Value per share as of March 31. “Our Q1 results showcase the strength and stability of our core strategy, as evidenced by consistent book value and a healthy 2% economic return on equity for our shareholders,” said T.J. Durkin, CEO and President. “Despite market volatility in March and April, MITT remains well-positioned to seize future opportunities, particularly through our disciplined approach to leverage and securitization and our vertically integrated mortgage originator, Arc Home.”