AG Mortgage reports Q2 earnings available for distribution 18c, consensus 23c

“We are pleased to report second quarter results that once again reflect the strength and resilience of our core business strategy, highlighted by a 5% increase to our common dividend and a modest 2.4% book value decline,” said T.J. Durkin, Chief Executive Officer and President. “We are also excited to announce a strategic transaction in which we acquired an additional 21.4% of Arc Home. Looking ahead, we see strong earnings accretion potential from this transaction as we continue to position MITT as a leading, vertically integrated platform in the residential mortgage space. We remain committed to disciplined risk management and enhancing long-term value for our shareholders.”