American Capital Agency Posts Wider Loss In Q1 - Quick Facts

(RTTNews) - American Capital Agency Corp. (AGNC) reported a first-quarter net loss to common stockholders of $779 million or $2.33 per share compared to a loss of $259 million or $0.73 per share, a year ago. The company reported $0.01 comprehensive income per common share for the first quarter of 2016, which comprised of: $2.33 net loss per common share; and $2.34 other comprehensive income per common share.

On a per share basis, the company recognized $0.36 per common share of net spread and dollar roll income for the first quarter, compared to $0.65 prior year. Excluding "catch-up" premium amortization cost or benefit, net spread and dollar roll income was $0.52 per common share for the first quarter.

Net interest income decreased year-over-year to $196 million from $297 million.