- Q4 core earnings of $57.2M or $0.59 per share vs. $49.4M and $0.51 in Q3. Dividend is $0.50.
- Book value per share of $22.05 vs. $22.30 three months earlier - unlike most mREIT peers, Hatteras has an adjustable portfolio that doesn't necessarily benefit from the decline in long-term rates.. Economic return - defined as the change in book value plus the dividend - of 11.9% for 2014.
- Effective net interest margin of 1.12% up 15 basis points from Q3. CPR of 15.4% vs. 19%.
- Agency ARMs make up 77.3% of earning assets vs. 78.4% in Q3. 15-year fixed make up 6% vs. 3.6%.
- Conference call tomorrow at 10 ET
- Previously: Hatteras Financial beats by $0.05 (Feb. 17)
- HTS flat after hours