- Q1 core earnings of $53.75M or $0.56 per share vs. $57.16M and $0.59 in Q4. Dividend is $0.50.
- Net interest margin of $59.8M slips from $61.1M in Q4, with net interest spread of 1.32% up one basis point. Yields on MBS fell 5 bps, but the cost of funds fell 6 bps. CPR of 15.4. Effective leverage of 8.1:1 at quarter's end.
- Book value per share of $22.05 flat from the end of Q4. Today's close of $18.60 is a 15.6% discount to book.
- Conference call tomorrow at 10 ET
- Previously: Hatteras Financial reports Q1 results (April 21)
- HTS flat premarket