Two Harbors Investment Corp. (TWO)

Two Harbors Investment Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	-78.95	-157.65	-162.86	37.15	79.42
Net Interest Income Growth	-	-	-	-53.23%	-67.42%
Non-Interest Income	904.18	1,370	854.91	1,484	557.95
Non-Interest Income Growth	-34.00%	60.25%	-42.38%	165.93%	-
Revenues Before Loan Losses	825.23	1,212	692.04	1,521	637.38
Revenue	825.23	1,212	692.04	1,521	637.38
Revenue Growth (YoY)	-31.93%	75.19%	-54.50%	138.62%	-
Compensation Expenses	95.33	89.75	52.87	40.72	35.04
Other Non-Interest Expenses	368.98	36.2	-7.66	-561.93	28.76
Total Non-Interest Expense	560.49	165.99	115.18	82.73	63.8
Pretax Income	-445.43	344.75	-83.39	324.45	191.42
Provision for Income Taxes	8.87	46.59	22.98	104.21	4.19
Net Income	-507.09	251.68	-152.01	186.78	128.77
Net Income Attributable to Preferred Dividends	-52.79	-47.78	-51.58	-73.76	-58.46
Net Income to Common	-507.09	251.68	-152.01	186.78	128.77
Net Income Growth	-	-	-	45.05%	-
Shares Outstanding (Basic)	104	104	96	86	74
Shares Outstanding (Diluted)	104	113	96	96	75
Shares Change (YoY)	-7.94%	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	-	-	-	23.84%	-
Free Cash Flow	88.92	201	343.51	623.4	423.51
Free Cash Flow Growth	-55.76%	-41.48%	-44.90%	47.20%	-32.95%
Free Cash Flow Per Share	0.85	1.78	3.59	6.49	5.68
Dividends Per Share	1.520	1.800	1.950	2.640	2.720
Dividend Growth	-15.56%	-7.69%	-26.14%	-2.94%	36.00%
Profit Margin	-55.04%	24.60%	-15.36%	14.51%	-29.83%
FCF Margin	10.77%	16.58%	49.60%	41.06%	67.48%
Effective Tax Rate	-1.99%	13.51%	-27.55%	32.12%	2.19%

Updated Feb 2, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q