Ellington Financial expands balance sheet 23% to $21.9B; net income rises 36.9% to $40.4M

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 10, 2025 · ~1 min read

Key Changes

• high

  Total assets grew 23% to $21.9B, driven by a 19% increase in loans at fair value to $18.5B, led by reverse mortgage loans up 20% to $14.1B.

  MD&A: Balance Sheet verify on EDGAR →
• high

  Net income rose 36.9% to $40.4M, but diluted EPS increased only 6.9% to $0.31 due to a higher share count from common stock issuance.

  Income Statement verify on EDGAR →
• high

  Repurchase agreements increased 27% to $3.6B, and unsecured borrowings nearly tripled to $775M after issuing $550M of 7.375% Senior Notes.

  MD&A: Financing verify on EDGAR →