AGNC Investment Corp. 8-K

What Happened AGNC Investment Corp. announced its financial results for the quarter ended December 31, 2025 in a press release filed as Exhibit 99.1 to an 8-K dated January 26, 2026. The company reported total comprehensive income of $0.89 per common share for Q4 2025, composed of $0.83 net income per share and $0.06 of other comprehensive income. The filing also discloses tangible net book value, portfolio size and liquidity measures, and a capital raise through At-the-Market offerings. The 8-K was signed by Bernice E. Bell, Executive VP and CFO.

Key Details

• Total comprehensive income: $0.89 per common share for Q4 2025 (net income $0.83 + OCI $0.06).
• Tangible net book value: $8.88 per share as of 12/31/2025 (excludes $526 million, or $0.47/share, of goodwill).
• Investment portfolio fair value: $94.8 billion as of 12/31/2025 (includes net TBA positions).
• Liquidity and capital actions: $7.6 billion of cash and unencumbered Agency MBS; issued 34.9 million shares via ATM offerings for net proceeds of $356 million.
• Leverage and returns: tangible net book value “at risk” leverage ratio of 7.2x as of 12/31/2025; economic return on tangible common equity of 11.6% for Q4 (comprised of a $0.36 dividend declared and a $0.60 increase in tangible net book value per share).

Why It Matters These results show AGNC generated positive quarterly earnings and a meaningful economic return on tangible equity in Q4 while maintaining a large mortgage-backed securities portfolio and multi-billion-dollar liquidity buffer. The disclosed leverage ratio (7.2x) and the size of the portfolio are key metrics investors watch for exposure to interest-rate and prepayment risk. The ATM equity issuance raised $356 million of capital, which affects share count but strengthens liquidity and funding. The dividend declaration ($0.36 in Q4) and the increase in tangible book value are concrete items investors often use to assess income and capital preservation. The press release is furnished (not filed) per SEC rules.