- Q1 earnings of $22.7M or $0.20 per share vs. $17.5M and $0.14 in Q4. Dividend was $0.21.
- March 31 book value per share of $10.98 up from $10.85 three months earlier. Today's close is basically right at book at $10.94.
- Economic return for the quarter of 3.1%, or 12.5% annualized.
- CPR dipped to 22.93% from 25.9% in Q4, and net interest margins grew to $24.9M from $20.9M.
- Conference call tomorrow at 9 ET
- Previously: Capstead Mortgage beats by $0.02, misses on revenue (April 26)
- CMO flat after hours
Slowing prepayments a boon to Capstead Mortgage in Q1
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