Two Harbors Investment Corp. (TWO)

Two Harbors Investment Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	425.85	450.15	480.36	295.54	168.6	525.05
Total Interest Expense	413.5	401.44	674.6	242.31	63.68	530.75
Net Interest Income	12.35	48.71	-194.24	53.23	104.91	-5.7
Mortgage Banking	649.23	681.65	685.78	603.91	468.41	443.35
Gain (Loss) on Sale of Loans & Receivables	3.71	1.48	-	0.01	-	-
Gain (Loss) on Sale of Investments	-89.76	-40.04	-69.97	-603.94	121.62	-999.86
Other Revenue	-43.32	-69.75	-166.69	22.71	-238.53	30.14
Revenue Before Loan Losses	532.21	622.06	254.88	75.92	456.41	-532.07
Revenue	532.21	622.06	254.88	75.92	456.41	-532.07
Revenue Growth (YoY)	498.21%	144.06%	235.71%	-83.36%	-	-
Salaries & Employee Benefits	91.17	89.75	52.87	40.72	35.04	37.72
Cost of Services Provided	13.92	20.07	95.49	94.12	86.25	126
Other Operating Expenses	198.98	165.67	164.96	-383.37	143.7	964.32
Total Operating Expenses	304.06	275.49	313.31	-248.53	264.99	1,128
Operating Income	228.15	346.57	-58.44	324.45	191.42	-1,660
EBT Excluding Unusual Items	228.15	346.57	-58.44	324.45	191.42	-1,660
Restructuring Charges	-	-	-	-	-	-5.71
Other Unusual Items	-	0.2	2.2	-	-	-
Pretax Income	-155.12	344.75	-83.39	324.45	191.42	-1,666
Income Tax Expense	34.17	46.59	22.98	104.21	4.19	-35.69
Earnings From Continuing Ops.	-189.29	298.17	-106.37	220.24	187.23	-1,630
Net Income	-189.29	298.17	-106.37	220.24	187.23	-1,630
Preferred Dividends & Other Adjustments	53.33	48.19	46.85	34.66	59.19	75.8
Net Income to Common	-242.62	249.98	-153.23	185.58	128.04	-1,706
Net Income Growth	-	-	-	17.63%	-	-
Shares Outstanding (Basic)	104	104	96	86	74	68
Shares Outstanding (Diluted)	104	113	96	96	75	68
Shares Change (YoY)	1.90%	18.20%	-0.42%	28.94%	8.93%	2.16%
EPS (Basic)	-2.33	2.41	-1.60	2.15	1.72	-24.94
EPS (Diluted)	-2.33	2.37	-1.60	2.13	1.72	-24.94
EPS Growth	-	-	-	24.03%	-	-
Dividend Per Share	1.630	1.800	1.950	2.640	2.720	2.000
Dividend Growth	-9.44%	-7.69%	-26.14%	-2.94%	36.00%	-70.06%
Operating Margin	42.87%	55.71%	-22.93%	427.34%	41.94%	-
Profit Margin	-45.59%	40.19%	-60.12%	244.43%	28.05%	-
Effective Tax Rate	-	13.51%	-	32.12%	2.19%	-

Updated Oct 27, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q