Earnings Releases·Nov 4, 2026, 5:04 PM ET

Ellington Financial Inc. — Third Quarter 2026 Earnings Summary

Net income attributable to common stockholders declined to $40.4 million ($0.31/share) from $54.4 million ($0.43/share) in Q2 2026, while Adjusted Distributable Earnings (ADE) fell to $58.0 million ($0.45/share) from $74.6 million ($0.59/share) in the prior quarter.
The company completed the acquisition of a controlling interest in Statebridge, a diversified loan servicer, and issued $150 million in senior unsecured notes due 2030, while Moody's revised the company's rating outlook to Positive.
Longbridge originated $676.3 million of loans (up 36% YoY) and achieved a record 31% HMBS market share, though results were impacted by narrower origination margins and mark-to-market losses on reverse mortgage securitization trusts.
Management expects to capitalize on investment opportunities following recent interest rate volatility, maintains a confident outlook on capitalizing on market dislocations, and indicated potential for accretive stock repurchases under normal market conditions.
Total assets increased to $21.92 billion and book value per share stood at $13.53 as of September 30, 2026, with recourse debt-to-equity rising to 2.2:1 and total debt-to-equity at 9.4:1.