- This series projects AGNC’s income statement for the third quarter of 2020. These projections help readers understand how most of the fixed-rate agency mREIT sector performed (valuable insight).
- First, I am projecting AGNC will report a minor decrease in interest income for the third quarter of 2020 when compared to the prior quarter.
- This is due to a minor decrease in cash interest income mainly being generated by AGNC’s on-balance sheet MBS portfolio along with a relatively unchanged amortization expense.
- Second, I am projecting AGNC will report a modest decrease in interest expense for the third quarter of 2020 when compared to the prior quarter.
- Third, I am projecting AGNC will report a modest gain on the sale of investment securities and record a modest increase in net spread and dollar roll income per share.
For further details see:
AGNC Investment's Q3 2020 Income Statement And Earnings Projection - Part 1 (Includes Current Recommendation)