AGNC Investment Corp. (AGNC) SEC Filings & Earnings Calls
EquiReason read 13 AGNC Investment Corp. SEC filings in the last 12 months. Latest: 8-K on 2026-10-19 — AGNC reported Q3 2026 comprehensive loss of $(1.28) per share, tangible net book value fell 16.9% to $7.13, and economic return on tangible common equity was -12.7%, driven by shar.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
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- Market cap
- 10.5B
- P/E TTM
- 4.6
- Dividend yield
- 16.3%
- 52-week
- —
- Next earnings
- 25 Jan, in 93 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
19 Oct 20268-K · 2.02AGNC reported Q3 2026 comprehensive loss of $(1.28) per share, tangible net book value fell 16.9% to $7.13, and economic return on tangible common equity was -12.7%, driven by sharp rise in interest rates and Agency MBS underperformance.earningsopen
Figures in the filing · each found in the filing text
| comprehensive loss per common share · Q3-2026 | $-1.28 | |
| net loss per common share · Q3-2026 | $-1.17 | |
| tangible net book value per common share · 2026-09-30 | $7.13 | -17% y/y |
| dividends declared per common share · Q3-2026 | $0.36 | |
| fair value of investment portfolio · 2026-09-30 | $94.40B | |
| tangible net book value at risk leverage ratio · 2026-09-30 | $7.90 | |
| economic return on tangible common equity · Q3-2026 | -12.7% | |
| net spread and dollar roll income per common share · Q3-2026 | $0.37 | |
| annualized net interest spread · Q3-2026 | 1.9% | |
| average projected portfolio life CPR · 2026-09-30 | 6.7% |
Risks flagged
Sharp rise in interest rates and volatility negatively impacted Agency MBS valuations, leading to significant book value decline.
“Fixed income markets experienced significant pressure in the third quarter... interest rates increased sharply, and interest rate volatility spiked.” · word for word
High leverage (7.9x) amplifies sensitivity to interest rate and spread movements.
“Tangible net book value “at risk” leverage ratio was 7.9x as of September 30, 2026” · word for word
11 Sep 20268-K · 5.02AGNC amended employment agreement for Executive Chair Gary Kain, setting 2027 cash bonus target at $1.3M and LTI award at $1.5M.SEC ↗
31 Jul 202610-QAGNC Investment Corp. reported strong Q2 2026 results with net income available to common stockholders of $610 million, a significant improvement from a loss of $178 million in Q2 2025.earningsopen
Figures in the filing · each found in the filing text
| Net income (loss) available (attributable) to common stockholders · Q2-2026 | $610M | -443% y/y |
| Net interest income (expense) · Q2-2026 | $305M | +88% y/y |
| Net book value per common share · 2026-06-30 | $9.03 | |
| Tangible net book value per common share · 2026-06-30 | $8.58 | -3% y/y |
| Dividends declared per common share · Q2-2026 | $0.36 | 0% y/y |
| Net income (loss) per common share - diluted · Q2-2026 | $0.52 | -406% y/y |
| Investment securities, at fair value · 2026-06-30 | $87.38B | +7% y/y |
| Total assets · 2026-06-30 | $121.76B | +6% y/y |
| Total stockholders' equity · 2026-06-30 | $12.54B | +1% y/y |
| Repurchase agreements and other debt · 2026-06-30 | $89.81B | +5% y/y |
Risks flagged
Interest Rate Risk
“Unrealized (loss) gain on investment securities measured at fair value through net income, net 2 (90) 270 (979) 1,453” · word for word
Prepayment Risk
“Net premium amortization benefit (cost) (47) (0.27) % (30) (0.25) % (99) (0.30) % (69) (0.27) %” · word for word
Leverage Risk
“Tangible net book value “at risk” leverage (as of period end) 6 7.4:1 7.6:1 7.4:1 7.6:1” · word for word
20 Jul 20268-K · 2.02AGNC reports Q2 2026 comprehensive income $0.52/share; tangible net book value $8.58 (+$0.20 QoQ); economic return 6.7%; net spread income $0.40/share; portfolio $97.2B; leverage 7.4x; issued 16.2M shares for $167M.earningsopen
Figures in the filing · each found in the filing text
| Comprehensive income per common share · Q2-2026 | $0.52 | |
| Net income per common share · Q2-2026 | $0.52 | |
| Tangible net book value per common share · Q2-2026 | $8.58 | +2% y/y |
| Dividends declared per common share · Q2-2026 | $0.36 | |
| Economic return on tangible common equity · Q2-2026 | 6.7% | |
| Fair value of investment portfolio · Q2-2026 | $97.20B | |
| Tangible net book value 'at risk' leverage ratio · Q2-2026 | $7.40 | |
| Net spread and dollar roll income per common share · Q2-2026 | $0.40 | |
| Annualized net interest spread · Q2-2026 | 2.0% | |
| Common equity issued through ATM offerings · Q2-2026 | $167M |
Risks flagged
Geopolitical tensions (US-Iran) causing market volatility, impacting Treasury yields and monetary policy expectations
“escalating rhetoric and hostilities between the United States and Iran largely dictated financial market performance; Elevated energy prices and supply chain disruptions were the dominant macroeconomic concerns”
Prepayment risk: actual CPR 13.0% vs projected 8.6%, indicating faster prepayments than expected
“8.6% average projected portfolio life CPR as of June 30, 2026; 13.0% actual portfolio CPR for the quarter” · word for word
29 May 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement)open
Risks flagged
Dilution risk from potential future equity issuance under ATM program
“Up to $2B in common stock may be sold, diluting existing shareholders”
4 May 202610-QNet interest spread 2.06; Economic return on tangible common equity -1.6; Average tangible net book value at risk leverage 7.4 (+1% y/y)open
Figures in the filing · each found in the filing text
| Net interest spread · Q1-2026 | 2.1% | |
| Economic return on tangible common equity · Q1-2026 | -1.6% | |
| Average tangible net book value at risk leverage · Q1-2026 | $7.40 | +1% y/y |
| Net income (loss) available to common stockholders · Q1-2026 | $-192M | |
| Dividends declared per common share · Q1-2026 | $0.36 | 0% y/y |
| Weighted average actual portfolio CPR · Q1-2026 | 13.2% |
Risks flagged
Net interest spread compression
“Average net interest spread 2.06% for Q1 2026 vs 2.12% for Q1 2025.”
Negative economic return
“Economic return on tangible common equity (1.6)% for Q1 2026 vs 2.4% for Q1 2025.”
20 Apr 20268-K · 2.02Comprehensive loss per common share $-0.18; Net loss per common share $-0.17; Tangible net book value per common share $8.38 (-6% y/y)earningsopen
Figures in the filing · each found in the filing text
| Comprehensive loss per common share · Q1-2026 | $-0.18 | |
| Net loss per common share · Q1-2026 | $-0.17 | |
| Tangible net book value per common share · 2026-03-31 | $8.38 | -6% y/y |
| Dividends declared per common share · Q1-2026 | $0.36 | |
| Economic return on tangible common equity · Q1-2026 | -1.6% | |
| Investment portfolio fair value · 2026-03-31 | $94.70B | |
| Tangible net book value at risk leverage · 2026-03-31 | $7.40 | |
| Net spread and dollar roll income per common share · Q1-2026 | $0.42 | |
| ATM offering net proceeds · Q1-2026 | $401M |
Risks flagged
Spread widening due to geopolitical tensions (Iran war) negatively impacted MBS portfolio and book value.
“war in Iran and the potential for more widespread conflict in the Middle East... caused Agency MBS spreads to benchmark rates to widen” · word for word
6 Mar 2026DEF 14ANet income $1.67B (+94% y/y); Annual economic return 22.7; Total stock return 34.8open
Figures in the filing · each found in the filing text
| Net income · FY2025 | $1.67B | +94% y/y |
| Annual economic return · FY2025 | 22.7% | |
| Total stock return · FY2025 | 34.8% | |
| Operating expenses as % of average equity · FY2025 | 1.2% | |
| Relative annual economic return · FY2025 | 7.4% | |
| Average price-to-tangible book ratio · FY2025 | 118.2% |
23 Feb 202610-KEconomic interest income $4.10B (+28% y/y); Net interest spread 1.92; Economic return on tangible common equity 22.7open
Figures in the filing · each found in the filing text
| Economic interest income · FY2025 | $4.10B | +28% y/y |
| Net interest spread · FY2025 | 1.9% | |
| Economic return on tangible common equity · FY2025 | 22.7% | |
| Average tangible net book value at risk leverage · FY2025 | $7.40 | +3% y/y |
| Net income available to common stockholders · FY2025 | $1.51B | +106% y/y |
| Dividends declared per common share · FY2025 | $1.44 | 0% y/y |
| Net spread and dollar roll income available to common stockholders · FY2025 | $1.53B | +4% y/y |
Risks flagged
GSE Conservatorship Risk
“Actions that terminate the conservatorships without providing sufficiently robust U.S. government support to preserve their government-like status or otherwise retain the functionality, scale, or efficiency of the primary and secondary mortgage markets as they exist today could redefine what constitutes an Agency security.” · word for word
Interest Rate Risk
“The average interest rate on our mortgage borrowings, excluding the impact of interest rate swap periodic income, decreased 91 and increased 18 basis points for fiscal years 2025 and 2024, respectively, due to changes in short-term interest rates.” · word for word
Net Interest Spread Compression
“Average net interest spread 1.92 % 2.42 % 3.06 %” · word for word
26 Jan 20268-K · 2.02Comprehensive income per common share $0.89; Net income per common share $0.83; Tangible net book value per common share $8.88 (+6% y/y)earningsopen
Figures in the filing · each found in the filing text
| Comprehensive income per common share · Q4-2025 | $0.89 | |
| Net income per common share · Q4-2025 | $0.83 | |
| Tangible net book value per common share · 2025-12-31 | $8.88 | +6% y/y |
| Dividends declared per common share · Q4-2025 | $0.36 | |
| Economic return on tangible common equity · Q4-2025 | 11.6% | |
| Net spread and dollar roll income per common share · Q4-2025 | $0.35 | |
| Tangible net book value at risk leverage ratio · 2025-12-31 | $7.20 | |
| Investment portfolio fair value · 2025-12-31 | $94.80B | |
| Net interest spread annualized · Q4-2025 | 1.8% | |
| Common equity issued through ATM offerings · Q4-2025 | $356M |
Risks flagged
Leverage risk from 7.2x tangible leverage ratio
“Tangible net book value at risk leverage ratio was 7.2x as of December 31, 2025” · word for word
Interest rate sensitivity from MBS portfolio
“Portfolio includes $81.1B Agency MBS and $13.0B TBA securities, sensitive to rate changes”
14 Jan 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)SEC ↗
15 Dec 20258-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)SEC ↗
31 Oct 202510-QNet Interest Spread 1.78; Economic Return on Tangible Common Equity 10.6; Net Income Available to Common Stockholders $764M (+144% y/y)open
Figures in the filing · each found in the filing text
| Net Interest Spread · Q3-2025 | 1.8% | |
| Economic Return on Tangible Common Equity · Q3-2025 | 10.6% | |
| Net Income Available to Common Stockholders · Q3-2025 | $764M | +144% y/y |
| Dividends Declared per Common Share · Q3-2025 | $0.36 | 0% y/y |
| Tangible Net Book Value per Common Share · Q3-2025 | $8.28 | |
| Average Investment Securities at Fair Value · Q3-2025 | $104.43B | +24% y/y |
| Average Asset Yield · Q3-2025 | 5.0% |
Risks flagged
Net interest spread compression
“Net interest spread decreased from 2.21% to 1.78% YoY.”
Interest rate swap cost increase
“Interest rate swap periodic income declined from $456M to $245M YoY.”
Leverage increase
“Tangible net book value 'at risk' leverage increased from 7.2:1 to 7.6:1 YoY.” · word for word
AGNC Investment Corp. — questions
- What did AGNC Investment Corp. file recently?
- 13 SEC filings in the last 12 months. Latest: 8-K on 2026-10-19 — AGNC reported Q3 2026 comprehensive loss of $(1.28) per share, tangible net book value fell 16.9% to $7.13, and economic return on tangible common equity was -12.7%, driven by sharp rise in interest rates and Agency MBS underperformance.
Every figure on this page comes from AGNC Investment Corp.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.