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Two Harbors Investment Corp. Message Board

  • fav_for_08 fav_for_08 May 3, 2012 10:38 AM Flag

    Comprehensive earnings surged

    Impressive jump in income particularly comprehensive income:

    5/2/2012 8:10 PM ET
    (RTTNews) - Two Harbors Investment Corp. (TWO: News ), a real estate investment trust, Wednesday reported first-quarter net income attributable to shareholders of $51.8 million or $0.28 per share, compared to $22.4 million or $0.49 per share last year.

    Core earnings for the quarter was $63.7 million or $0.34 per share, compared to $14.8 million or $0.32 per share last year.

    For the quarter, the company reported comprehensive income of $195.7 million or $1.05 per share. In the prior year quarter, comprehensive income was $31.5 million.

    Net interest income surged to $74.0 million from $17.4 million last year.

    With its huge net interest margin, profits should continue to improve.

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