Arlington Asset Investment Corporation (AI) - NYSE
  • Yesterday, 6:03 PM
    • Q2 non-GAAP core operating income of $0.67 per share vs. $0.80 earned in Q1 $1.31 in Q4 of last year. Dividend of $0.625 per share.
    • Book value per share of $18.77 stabilizes somewhat, dipping just $0.09 for the quarter. Close of $13.48 is a 28% discount to book. Tangible book value per share of $13.92 vs. $14.45 three months earlier.
    • Positive economic return of 11.3% (annualized) on book value for the quarter.
    • Conference call tomorrow at 9 ET
    • Previously: Arlington Asset Investment EPS in-line, misses on net interest income (July 26)
    • AI flat after hours
    | Yesterday, 6:03 PM | 1 Comment
  • Yesterday, 5:33 PM
    • Arlington Asset Investment (NYSE:AI): Q2 EPS of $0.67 in-line.
    • Net interest income of $19.65M (-17.1% Y/Y) misses by $1.48M.
    • Press Release
    | Yesterday, 5:33 PM | 2 Comments
  • Tue, May 10, 8:57 AM
    • Q1 non-GAAP core operating income of $18.4M or $0.80 per share vs. $1.31 earned in Q4. Dividend is $0.625.
    • Book value per share of $18.86 drops from $21.05 three months earlier. Last night's close of $12.46 is a 34% discount to book. Tangible book value per share of $14.45.
    • Economic return - defined as the dividend less the drop in book value divided by the period-beginning book value - was a negative 26% annualized.
    • Portfolio and hedges were positioned for higher rates, says the company. When rates fell and spreads widened in Q1, the strategy resulted in a big decline in book value which the company expects to recoup over time.
    • Conference call at 11 ET
    • Previously: Arlington Asset Investment misses by $0.12 (May 10)
    • AI -1.3% in thin premarket action.
    | Tue, May 10, 8:57 AM | 4 Comments
  • Tue, May 10, 8:40 AM
    • Arlington Asset Investment (NYSE:AI): Q1 EPS of $0.80 misses by $0.12.
    • Net interest income of $22.06M (-17.6% Y/Y)
    • Shares -1.3% PM.
    • Press Release
    | Tue, May 10, 8:40 AM
  • Tue, Feb. 2, 5:56 PM
    • Non-GAAP core operating income of $1.31 per share or $1.35 excluding loss on private-label MBS. Q3 core operating income was $1.35. Dividend is $0.625.
    • Year-end book value per share of $21.05 up from $20.75 at the end of Q3. Today's close of $10.81 is nearly a 50% discount to book.
    • $600K spent on buybacks during quarter.
    • Company fully repaid outstanding FHLB advances subsequent to year-end.
    • Conference call tomorrow at 9 ET
    • Previously: Arlington Asset Investment beats by $0.03, misses on net interest income (Feb. 2)
    • AI flat premarket
    | Tue, Feb. 2, 5:56 PM | 1 Comment
  • Tue, Feb. 2, 5:24 PM
    • Arlington Asset Investment (NYSE:AI): Q4 EPS of $1.35 beats by $0.03.
    • Net interest income of $32.94M (+0.2% Y/Y) misses by $0.72M.
    | Tue, Feb. 2, 5:24 PM
  • Oct. 27, 2015, 7:54 AM
    • Q3 GAAP core operating income of $31.1M or $1.35 per share vs. $30.5M and $1.32 in Q2. Dividend is $0.625.
    • Book value per share of $20.75 down from $23.71 in Q2. Last night's close of $14.74 is a 29% discount to book. One quarter ago, the stock sold for a 21% discount, and two quarters ago a 6% discount. In response, the company now has a buyback program in place for up to 2M shares, or 8.7% of the float.
    • Conference call at 9 ET
    • Previously: Arlington Asset Investment beats by $0.02, beats on NII (Oct. 26)
    • AI flat premarket
    | Oct. 27, 2015, 7:54 AM | 3 Comments
  • Oct. 26, 2015, 11:25 PM
    • Arlington Asset Investment (NYSE:AI): Q3 EPS of $1.35 beats by $0.02.
    • NII of $35.41M (+16.8% Y/Y) beats by $0.09M.
    | Oct. 26, 2015, 11:25 PM | 4 Comments
  • Jul. 28, 2015, 7:29 AM
    • Q2 core operating income (excl. gain on private-label MBS) of $30.5M or $1.32 per share vs. $34.5M and $1.50 in Q1. Dividend is $0.875.
    • Book value per share of $23.71 slips from $24.83 a quarter earlier. Last night's close of $18.73 is a 21% discount to book value. One quarter ago, the stock sold at just a 6% discount to book.
    • Company reallocated about $67M of capital in private-label MBS into higher-return agency MBS and continues to maintain a sizable hedge position focused on protecting against higher rates. Private-label MBS portfolio stands at $152M. Agency portfolio of $4.154B at fair value.
    • Conference call at 9 ET
    • Previously: Arlington Asset Investment beats by $0.02, misses on net interest income (July 27)
    • AI flat premarket
    | Jul. 28, 2015, 7:29 AM | 14 Comments
  • Jul. 27, 2015, 5:54 PM
    • Arlington Asset Investment (NYSE:AI): Q2 EPS of $1.32 beats by $0.02.
    • Net interest income of $34.12M (+24.6% Y/Y) misses by $0.12M.
    | Jul. 27, 2015, 5:54 PM | 6 Comments
  • Apr. 27, 2015, 5:25 PM
    • Q1 core operating income of $34.5M or $1.50 per share vs. $32.6M and $1.40 in Q4. Dividend is $0.88.
    • Book value per share of $24.83 falls from $27.95 at the start of the year. Today's close was $23.39. Management notes reduced expectations for rate hikes decreased the value of its hedges, without an equal increase in the value of its MBS portfolio. Long-term hedges are cut to 27% of total hedge portfolio from 35% at the start of the year.
    • Conference call tomorrow at 9 ET
    • Previously: Arlington Asset Investment beats by $0.30, misses on revenue (April 27)
    • AI flat after hours, down 12% YTD.
    | Apr. 27, 2015, 5:25 PM | 6 Comments
  • Apr. 27, 2015, 5:06 PM
    • Arlington Asset Investment (NYSE:AI): Q1 EPS of $1.50 beats by $0.30.
    • Revenue of $33.24M (+54.0% Y/Y) misses by $0.12M.
    | Apr. 27, 2015, 5:06 PM
  • Feb. 4, 2015, 8:06 AM
    • Q4 core operating income of $32.6M or $1.40 per share vs. $18.8M a year ago. Dividend is $0.875.
    • Net interest income of $32.9M, and the CPR was 6.33%. The debt-to-equity ratio at year-end was about 5:1.
    • Portfolio: Agency-backed MBS with fair value of $3.4B - all are fixed-rate 30 year mortgages specifically selected for their prepayment protections. Company owns $2.2B in Eurodollar futures with a rate of 1.87% and funding cost of 1.77%. Company also owns $1.1B in notional 10-year interest rate swap futures, bringing total combined hedges to about $3.3B. Private-label MBS portfolio with fair value of $267.4M.
    • Previously: Arlington Asset Investment beats by $0.19, misses on revenue (Feb. 3)
    • AI flat premarket
    | Feb. 4, 2015, 8:06 AM | 4 Comments
  • Feb. 3, 2015, 11:07 PM
    • Arlington Asset Investment (NYSE:AI): Q4 EPS of $1.40 beats by $0.19.
    • Revenue of $32.86M (+63.0% Y/Y) misses by $0.76M.
    | Feb. 3, 2015, 11:07 PM | 1 Comment
  • Oct. 27, 2014, 9:11 PM
    • Q3 core operating income of $28.7M or $1.36 per share vs. $24.4M and $1.22 in Q2. Dividend of $0.875.
    • Private-label MBS portfolio has fair value of $292.8M, or 75.2% of face value. Average cost as a percent of face value of 53.5%. The quarterly unlevered cash yield as a percent of average amortized cost of 8.6%. CPR is 12.2% vs. 11.3% in Q2.
    • Book value per share of $30.43 vs. $31.51 at end of Q2. Today's close of $27.06 is an 11% discount to book.
    • CEO J. Rock Tonkel: "Our results reflect the positive financial dynamic taking place in the Company through the redeployment of appreciated capital in the private-label MBS portfolio to higher return opportunities, paired with a reduction in the ratio of cash expenses to investable capital."
    • AI +0.85% AH.
    | Oct. 27, 2014, 9:11 PM | 1 Comment
Company Description
Arlington Asset Investment Corp. is a principal investment firm, which currently acquires and holds primarily mortgage related assets and holds certain other assets. The company's portfolio consists primarily of agency backed mortgage-backed securities and private-label residential... More
Sector: Financial
Industry: Investment Brokerage - Regional
Country: United States