Two Harbors Investment Corp. (TWO)

NYSE: TWO · Real-Time Price · USD

10.78

-0.38 (-3.41%)

At close: Feb 20, 2026, 4:00 PM EST

10.86

+0.08 (0.73%)

After-hours: Feb 20, 2026, 7:59 PM EST

Two Harbors Investment Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	412	450.15	480.36	295.54	168.6
Total Interest Expense	490.94	401.44	674.6	242.31	63.68
Net Interest Income	-78.95	48.71	-194.24	53.23	104.91
Mortgage Banking	626.72	681.65	685.78	603.91	468.41
Gain (Loss) on Sale of Loans & Receivables	4.71	1.48	-	0.01	-
Gain (Loss) on Sale of Investments	-96.18	-40.04	-69.97	-603.94	121.62
Other Revenue	-86.29	-69.75	-166.69	22.71	-238.53
Revenue Before Loan Losses	370.02	622.06	254.88	75.92	456.41
Revenue	370.02	622.06	254.88	75.92	456.41
Revenue Growth (YoY)	-40.52%	144.06%	235.71%	-83.36%	-
Salaries & Employee Benefits	95.33	89.75	52.87	40.72	35.04
Cost of Services Provided	12.73	20.07	95.49	94.12	86.25
Other Operating Expenses	332.39	165.67	164.96	-383.37	143.7
Total Operating Expenses	440.45	275.49	313.31	-248.53	264.99
Operating Income	-70.43	346.57	-58.44	324.45	191.42
EBT Excluding Unusual Items	-70.43	346.57	-58.44	324.45	191.42
Other Unusual Items	-	0.2	2.2	-	-
Pretax Income	-445.43	344.75	-83.39	324.45	191.42
Income Tax Expense	8.87	46.59	22.98	104.21	4.19
Earnings From Continuing Ops.	-454.3	298.17	-106.37	220.24	187.23
Net Income	-454.3	298.17	-106.37	220.24	187.23
Preferred Dividends & Other Adjustments	52.79	48.19	46.85	34.66	59.19
Net Income to Common	-507.09	249.98	-153.23	185.58	128.04
Net Income Growth	-	-	-	17.63%	-
Shares Outstanding (Basic)	104	104	96	86	74
Shares Outstanding (Diluted)	104	113	96	96	75
Shares Change (YoY)	-8.12%	18.20%	-0.42%	28.94%	8.93%
EPS (Basic)	-4.88	2.41	-1.60	2.15	1.72
EPS (Diluted)	-4.88	2.37	-1.60	2.13	1.72
EPS Growth	-	-	-	24.03%	-
Dividend Per Share	1.520	1.800	1.950	2.640	2.720
Dividend Growth	-15.56%	-7.69%	-26.14%	-2.94%	36.00%
Operating Margin	-19.03%	55.71%	-22.93%	427.34%	41.94%
Profit Margin	-137.04%	40.19%	-60.12%	244.43%	28.05%
Effective Tax Rate	-	13.51%	-	32.12%	2.19%

Updated Feb 2, 2026. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q