- Q3 core earnings plus drop income of $39.1M or $0.26 per share vs. $38.7M and $0.26 in Q2. Dividend is $0.25.
- Book value per share of $9.79 up from $9.55 three months earlier. Today's close of $8.70 is an 11% discount to book.
- Economic return for the quarter of $0.49, or 20.5% annualized.
- Interest rate spread of 1.37% up one basis point for the quarter. CPR rose to 14% from 12.9%. Management expects the mini-wave of refinancing in Q3 to be short-lived.
- No shares bought back during quarter.
- Conference call tomorrow at 9 ET
- CYS flat after hours