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Invesco Mortgage Capital Inc (IVR)
NYSE:IVR
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.64Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone driven by strong quarter results (book value growth, an 8% economic return, portfolio growth, attractive levered returns on Agency RMBS/CMBS, robust liquidity, and supportive macro tailwinds such as Fed easing and GSE purchases). Management flagged several measured concerns — limited incremental spread tightening going forward, increased prepayment speeds in higher coupons, earlier short-term funding pressure, subdued bank/overseas demand, and a modest rise in leverage — but these were presented as manageable and largely balanced by the firm’s liquidity, hedging, and disciplined positioning. Overall, highlights materially outweighed the lowlights.Company Guidance
Book Value and Economic Return Improvement
Book value per common share increased 3.7% to $8.72 during the quarter and IVR delivered an 8% economic return for the quarter. Book value was also up approximately 4.5% since year-end (through the referenced Wednesday).
Dividend Increase
Quarterly dividend was increased to $0.36, contributing to an 8% economic return when combined with book value appreciation.
Portfolio Scale and Composition
Total portfolio of $6.3 billion at year-end, including $5.4 billion in Agency RMBS and $900 million in Agency CMBS, with $453 million in unrestricted cash and unencumbered assets supporting liquidity.
Agency RMBS Performance and Positioning
Agency RMBS portfolio increased 11% quarter-over-quarter; nominal spreads tightened ~15 basis points in Q4 and ~10 basis points year-to-date. Current coupon spreads to a 5- and 10-year SOFR blend ended near 140 basis points, implying levered gross returns in the mid- to upper-teens.
Agency CMBS Returns and Diversification Benefit
Agency CMBS provided attractive risk-adjusted yields and diversification, with levered gross ROEs in the low double digits and reduced sensitivity to interest rate volatility due to prepayment protection and fixed maturities.
Improved Funding and Hedging Metrics
Repurchase agreements collateral increased from $5.2 billion to $5.6 billion and hedge notional increased from $4.4 billion to $4.9 billion. Hedge ratio rose slightly from 85% to 87%, with 78% of hedges in interest rate swaps (57% on a dollar duration basis).
Macro and Market Tailwinds
Financial conditions improved after 3 Fed cuts of 25 basis points each in 2025, end of quantitative tightening, and reduced interest rate volatility. GSE announcements (notably an initial $200 billion purchase program and $24 billion of combined purchases in December) supplied incremental demand and stabilized the sector.
Liquidity and Capital Actions
Management maintained a robust liquidity cushion ($453 million) and selectively accessed ATM issuance; modest common issuance and small preferred buyback were executed to improve capital structure and shareholder liquidity.
IVR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IVR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $8.90 | $8.59 | -3.48% |
Oct 30, 2025 | $6.78 | $7.12 | +5.03% |
Jul 24, 2025 | $6.90 | $6.96 | +0.91% |
May 07, 2025 | $6.36 | $6.45 | +1.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Invesco Mortgage Capital Inc (IVR) report earnings?
Invesco Mortgage Capital Inc (IVR) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Invesco Mortgage Capital Inc (IVR) earnings time?
Invesco Mortgage Capital Inc (IVR) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IVR EPS forecast?
IVR EPS forecast for the fiscal quarter 2026 (Q1) is 0.56.