Annaly Capital Management, Inc.'s (NLY) CEO David Finkelstein on Q4 2020 Results - Earnings Call Transcript

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Q4: 2021-02-10 Earnings Summary

EPS of $1.20 beats by $0.04
 | Revenue of $366.06M (-26.70% Y/Y) misses by $70.35M

Annaly Capital Management, Inc. (NYSE:NLY) Q4 2020 Earnings Conference Call February 11, 2021 9:00 AM ET

Company Participants

David Finkelstein - Chief Executive Officer and Chief Investment Officer
Serena Wolfe - Chief Financial Officer
Ilker Ertas - Head of Securitized Products
Tim Coffey - Chief Credit Officer
Mike Fania - Head of Residential Credit
Sean Kensil - Vice President, Investor Relations

Conference Call Participants

Steve Delaney - JMP Securities
Rick Shane - JPMorgan
Eric Hagen - BTIG
Bose George - KBW
Doug Harter - Credit Suisse
Kevin Barker - Piper Sandler
Vilas Abraham - UBS
Kenneth Lee - RBC Capital Markets

Operator

Good morning, and welcome to the Annaly Capital Management Fourth Quarter 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Sean Kensil, Vice President, Investor Relations. Please go ahead.

Sean Kensil

Good morning, and welcome to the fourth quarter 2020 earnings call for Annaly Capital Management.

Any forward-looking statements made during today’s call are subject to certain risks and uncertainties, including with respect to COVID-19 impacts, which are outlined in the Risk Factors section in our most recent annual and quarterly SEC filings. Actual events and results may differ materially from these forward-looking statements. We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings.

Additionally, the content of this conference call may contain time sensitive information that is accurate only as of the date hereof. We do not undertake and specifically disclaim any obligation to update or revise this information.

During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to

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