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Get filing alertsInvesco Mortgage Capital swings to $0.34/share profit in Q2, raises $118M in equity
Filed July 30, 2026 · Period ending July 30, 2026 · ~1 min read
Key Changes
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high
Net income of $0.34 per share in Q2 2026, reversing Q1's $0.28 loss, driven by gains on derivatives and improved market conditions despite rising rates.
Exhibit 99.1 view on EDGAR → -
high
Economic return of 3.8% versus negative 3.2% in Q1; book value per share edged down from $8.08 to $8.03 as dividends exceeded earnings.
Exhibit 99.1 view on EDGAR → -
medium
Issued 14.8 million common shares for net proceeds of $118 million through at-the-market program, supporting portfolio growth and capital base.
Exhibit 99.1 view on EDGAR → -
medium
Debt-to-equity ratio rose from 6.1x to 6.3x; economic debt-to-equity (including TBA positions) held at 7.5x as leverage remained stable.
Exhibit 99.1 view on EDGAR → -
medium
Declared $0.36 in total monthly common dividends for Q2, unchanged from Q1, plus regular $0.46875 preferred dividend.
Exhibit 99.1 view on EDGAR →
Summary
Invesco Mortgage Capital returned to profitability in Q2 2026 with net income of $0.34 per common share, a sharp reversal from the prior quarter's $0.28 loss. The turnaround came from gains on derivative instruments and improved market conditions, even as interest rates rose.
Economic return—which combines book value change and dividends—turned positive at 3.8%, though book value per share slipped modestly from $8.08 to $8.03 as the $0.36 in quarterly dividends exceeded earnings. The company raised $118 million by issuing 14.8 million common shares through its at-the-market program, bolstering equity capital to support portfolio growth.
Leverage metrics remained stable: the GAAP debt-to-equity ratio edged up from 6.1x to 6.3x, while the economic ratio (including TBA positions) held at 7.5x. Management maintained the common dividend at $0.36 per share for the quarter, signaling confidence in the earnings trajectory and capital position. For holders, the swing to profitability and positive economic return mark a material improvement in operating performance, though the modest book value decline and elevated leverage warrant continued monitoring.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Invesco Mortgage Capital announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 30, 2026, Invesco Mortgage Capital Inc. (the “registrant”) issued a press release announcing its financial results for the quarter ended June 30, 2026 (the “Release”).
The company disclosed its second quarter 2026 financial results through a press release. The 8-K filing itself does not contain the actual financial figures; those are in the attached Exhibit 99.1 press release, which is incorporated by reference.
Event · Exhibit 99.1
Invesco Mortgage Capital reported Q2 2026 earnings of $0.34/share, declared $0.36 in monthly dividends, and issued $118M in common stock.
Added in current filing · view on EDGAR →
During the three months ended June 30, 2026, the Company declared monthly common stock dividends totaling $0.36 per share and a Series C Preferred Stock dividend of $0.46875 per share.
The company declared total monthly common dividends of $0.36 per share for Q2 2026, unchanged from Q1 2026, along with the regular preferred dividend. The common dividend was maintained despite the slight decline in book value.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify