Net income of $21.3M or $0.29 per share vs. $15.4M and $0.31 one year ago (2 capital raises this year).
Net interest margin of 439 basis points, up 29 bps from Q4.
Generated $8.2M realized gain from sales and refinancing of distressed RMBS. CEO Steven Mummia: "A key component of our strategy and we expect that this activity will be conducted on a more regular basis throughout the balance of the year."
Book value per share of $6.48 vs. $6.33 at 2013's end and after $0.27 dividend. Today's close of $7.38 puts the stock at 1.14x book.
CC tomorrow at 9 ET
NYMT -0.3% AH