AGNC Posts $1.36 Billion Third-Quarter Net Loss as Book Value Falls

AGNC Investment Corp. (AGNC) reported a GAAP net loss of $1.357 billion, or $1.17 per diluted common share, for the third quarter ended September 30, 2026. Comprehensive loss was $1.497 billion, or $1.28 per diluted common share.

Tangible net book value per common share declined 16.9% during the quarter to $7.13 from $8.58 at June 30. The company declared $0.36 in common dividends per share for the quarter.

• Investment portfolio totaled $94.4 billion as of September 30, including $91.4 billion of Agency MBS.
• Other gain (loss), net was a loss of $1.731 billion, including $5.015 billion of unrealized losses on investment securities measured at fair value through net income.
• Other comprehensive loss was $140 million, or $0.11 per common share.
• Net spread and dollar roll income, a non-GAAP measure, was $0.37 per common share.
• AGNC issued 97.6 million common shares through ATM offerings for net proceeds of $992 million.
• Tangible net book value at-risk leverage was 7.9x and unencumbered cash and Agency MBS totaled $6.3 billion at quarter-end.