Ellington Financial LLC (EFC)
NYSE:EFC
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.46Last Year’s EPS
0.47Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a very strong quarter with exceptional earnings, robust securitization activity, notable origination growth (especially at Longbridge), improved funding costs, and rising book value. Several one‑time and segment‑specific tailwinds (Longbridge outsized contribution, a $17 million settlement, and record securitization economics) amplified results. Offsetting concerns include March spread volatility, potential future mark‑to‑market reversals (April remarking estimated at -$0.13 per share), selective credit and residential REO losses, non‑QM prepayment sensitivity, and continued leverage/funding considerations. On balance, the positives and durable operational improvements materially outweigh the manageable headwinds.Company Guidance
Strong GAAP Net Income and ADE
Reported GAAP net income of $0.78 per common share for Q1 2026 and Adjusted Distributable Earnings (ADE) of $0.55 per share, with ADE substantially exceeding the dividend run rate of $0.39 per share.
Robust Book Value and Economic Return
Book value per share rose to $13.56, up 3% from $13.16 at year-end, and the quarter produced a 26% annualized economic return.
Record Securitization Activity and Scale
Participated in seven securitization transactions totaling over $2.8 billion in Q1 2026 versus $1.1 billion across four transactions in Q1 2025 (≈+155%); average non‑QM securitization size increased to $508 million from $205 million in Q1 2025 (≈+148%).
Longbridge Outperformance and Origination Growth
Longbridge delivered a near‑record quarter, including $515 million of new loan originations (+52% year‑over‑year), a Longbridge portfolio up 13% to $695 million, contribution to ADE and net income materially above prior quarters, and the segment surpassed its 2025 full‑year net income in one quarter.
Portfolio and Loan Business Growth
Adjusted long credit portfolio grew ~4% sequentially to $4.27 billion (net of securitizations); short‑duration loan portfolios generated $224 million of principal paydowns (≈15% of beginning fair value).
Capital and Funding Improvements
Raised $117 million of common equity in January (block trade) to redeem highest‑cost Series A preferred (coupon >9%); issuance was accretive to book value and was >2.5x oversubscribed. Weighted average borrowing rate on recourse borrowings improved to 5.49%, down 18 basis points from year‑end.
Operational and One-Time Tailwinds
Achieved lowest‑ever cost of funds and tightest debt spreads on a PropReverse securitization; received a $17 million one‑time litigation settlement; continued strong credit performance with 90‑day delinquency rates declining for a second consecutive quarter and minimal realized credit losses.
EFC 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
EFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $13.11 | $13.57 | +3.51% |
Feb 25, 2026 | $12.13 | $12.19 | +0.48% |
Nov 05, 2025 | $12.87 | $12.98 | +0.81% |
Jul 30, 2025 | $11.74 | $11.61 | -1.17% |
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 Ellington Financial LLC (EFC) report earnings?
Ellington Financial LLC (EFC) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Ellington Financial LLC (EFC) earnings time?
Ellington Financial LLC (EFC) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EFC EPS forecast?
EFC EPS forecast for the fiscal quarter 2026 (Q2) is 0.46.