AGNCN

EX-99.1

2 agnc8kexhibit99163026.htm

EX-99.1

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

July 20, 2026

CONTACT:

Investors - (301) 968-9300

Media - (301) 968-9303

AGNC INVESTMENT CORP.

ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS

Bethesda, MD - July 20, 2026 - AGNC Investment Corp. (“AGNC” or the “Company”) (Nasdaq: AGNC) today announced financial results for the quarter ended June 30, 2026.

SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS

•$0.52 comprehensive income per common share, comprised of:

◦$0.52 net income per common share

◦$(0.01) other comprehensive loss (“OCI”) per common share on investments marked-to-market through OCI

•$0.40 net spread and dollar roll income per common share1

◦Excludes less than $(0.01) per common share of estimated “catch-up” premium amortization cost due to change in projected constant prepayment rate (“CPR”) estimates

•$8.58 tangible net book value per common share as of June 30, 2026

◦Increased $0.20 per common share, or 2.4%, from $8.38 per common share as of March 31, 2026

•$0.36 dividends declared per common share for the second quarter

•6.7% economic return on tangible common equity for the quarter

◦Comprised of $0.36 dividends per common share and $0.20 increase in tangible net book value per common share

OTHER SECOND QUARTER HIGHLIGHTS

•$97.2 billion investment portfolio as of June 30, 2026, comprised of:

◦$86.8 billion Agency mortgage-backed securities (“Agency MBS”)

◦$9.7 billion net forward purchases/(sales) of Agency MBS in the “to-be-announced” market (“TBA securities”)

◦$0.7 billion credit risk transfer (“CRT”) and non-Agency securities and other mortgage credit investments

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July 20, 2026

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•7.4x tangible net book value “at risk” leverage as of June 30, 2026

◦7.4x average tangible net book value “at risk” leverage for the quarter

•Unencumbered cash and Agency MBS totaled $7.5 billion as of June 30, 2026

◦Excludes unencumbered CRT and non-Agency securities

◦Represents 62% of the Company’s tangible equity as of June 30, 2026

•8.6% average projected portfolio life CPR as of June 30, 2026

◦13.0% actual portfolio CPR for the quarter

•2.00% annualized net interest spread for the quarter2

•Issued 16.2 million shares of common equity through At-the-Market (“ATM”) Offerings for net proceeds of $167 million

1.Represents a non-GAAP measure. Please refer to the Reconciliation of GAAP Comprehensive Income (Loss) to Net Spread and Dollar Roll Income and Use of Non-GAAP Financial Information included in this release for additional information.

2.Please refer to Net Interest Spread Components by Funding Source included in this release for additional information regarding the Company’s annualized net interest spread.

MANAGEMENT REMARKS

“The investment environment in the second quarter continued to be challenging, as escalating rhetoric and hostilities between the United States and Iran largely dictated financial market performance,” said Peter Federico, the Company’s President, Chief Executive Officer and Chief Investment Officer. “Elevated energy prices and supply chain disruptions were the dominant macroeconomic concerns, particularly in April and May when maritime traffic through the Strait of Hormuz was severely constrained. These concerns caused Treasury yields to increase, the yield curve to flatten, and the market’s monetary policy expectations to pivot from rate cuts to rate hikes.

“Despite the volatile macroeconomic backdrop, AGNC delivered a strong economic return of 6.7% for the second quarter. Elevated mortgage rates caused a reduction in projected Agency MBS supply, while demand remained strong, creating a positive technical backdrop that supported Agency MBS performance and drove spreads to benchmark rates tighter. Although mortgage spreads have declined from recent peak levels, they remain elevated by historical standards. Agency MBS also offer compelling value relative to other fixed income alternatives, particularly corporate bonds, which are at or near historically tight spreads to U.S. Treasuries despite record issuance and rising credit concerns. Together, these favorable dynamics should be supportive of Agency MBS performance over the near to intermediate term and position AGNC to continue to deliver strong risk-adjusted returns for our stockholders.”

“AGNC’s 6.7% economic return on tangible common equity in the second quarter was comprised of $0.36 of dividends per common share and a $0.20 increase in tangible net book value per common share,” said Bernice Bell, the Company’s Executive Vice President and Chief Financial Officer. “Additionally, AGNC generated a 12.3% unannualized total stock return in the second quarter, with dividends reinvested, despite the significant volatility experienced by financial markets. AGNC’s net spread and dollar roll income per common share was $0.40 for the second quarter, a modest decrease of $0.02 per common share from the prior quarter. Finally,

EX-99.1

2 agnc8kexhibit99133126.htm

EX-99.1

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

April 20, 2026

CONTACT:

Investors - (301) 968-9300

Media - (301) 968-9303

AGNC INVESTMENT CORP.

ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS

Bethesda, MD - April 20, 2026 - AGNC Investment Corp. (“AGNC” or the “Company”) (Nasdaq: AGNC) today announced financial results for the quarter ended March 31, 2026.

FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS

•$(0.18) comprehensive loss per common share, comprised of:

◦$(0.17) net loss per common share

◦$(0.01) other comprehensive loss (“OCI”) per common share on investments marked-to-market through OCI

•$0.42 net spread and dollar roll income per common share1

◦Excludes less than $0.01 per common share of estimated “catch-up” premium amortization benefit due to change in projected constant prepayment rate (“CPR”) estimates

•$8.38 tangible net book value per common share as of March 31, 2026

◦Decreased $(0.50) per common share, or -5.6%, from $8.88 per common share as of December 31, 2025

•$0.36 dividends declared per common share for the first quarter

•-1.6% economic return on tangible common equity for the quarter

◦Comprised of $0.36 dividends per common share and $(0.50) decrease in tangible net book value per common share

OTHER FIRST QUARTER HIGHLIGHTS

•$94.7 billion investment portfolio as of March 31, 2026, comprised of:

◦$84.4 billion Agency mortgage-backed securities (“Agency MBS”)

◦$9.5 billion net forward purchases/(sales) of Agency MBS in the “to-be-announced” market (“TBA securities”)

◦$0.7 billion credit risk transfer (“CRT”) and non-Agency securities and other mortgage credit investments

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April 20, 2026

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•7.4x tangible net book value “at risk” leverage as of March 31, 2026

◦7.4x average tangible net book value “at risk” leverage for the quarter

•Unencumbered cash and Agency MBS totaled $7.0 billion as of March 31, 2026

◦Excludes unencumbered CRT and non-Agency securities

◦Represents 60% of the Company’s tangible equity as of March 31, 2026

•10.3% average projected portfolio life CPR as of March 31, 2026

◦13.2% actual portfolio CPR for the quarter

•2.06% annualized net interest spread for the quarter2

•Issued 38.0 million shares of common equity through At-the-Market (“ATM”) Offerings for net proceeds of $401 million

1.Represents a non-GAAP measure. Please refer to the Reconciliation of GAAP Comprehensive Income (Loss) to Net Spread and Dollar Roll Income and Use of Non-GAAP Financial Information included in this release for additional information.

2.Please refer to Net Interest Spread Components by Funding Source included in this release for additional information regarding the Company’s annualized net interest spread.

MANAGEMENT REMARKS

“Agency MBS performance in the first quarter was driven by two divergent macroeconomic themes,” said Peter Federico, the Company’s President, Chief Executive Officer and Chief Investment Officer. “In January and February, the Administration’s focus on reducing interest rate volatility, maintaining mortgage spread stability, and improving housing affordability drove strong performance across the broader fixed income complex and Agency MBS specifically. This favorable investment environment was, however, quickly eclipsed in March by the war in Iran and the potential for more widespread conflict in the Middle East. The associated increase in volatility and negative shift in investor sentiment caused Agency MBS spreads to benchmark rates to widen, and, as a result, AGNC’s economic return on tangible common equity in the first quarter was negative 1.6%. Despite the quarter-over-quarter spread widening, Agency MBS generated a positive excess return to both US Treasuries and investment grade corporate bonds in the first quarter, again demonstrating the diversification benefit of this high credit quality, fixed income asset class.

“We continue to believe that many of the factors we cited at the beginning of the year remain positive catalysts for Agency MBS performance. First, mortgage spreads to benchmark rates widened significantly in March and provide investors with compelling value on both an absolute and relative basis at these levels. Second, supply-demand technicals have improved as a result of higher mortgage rates, increased bond fund inflows, and proposed regulatory capital changes. Third, the higher rate environment also increases the likelihood of actions by the administration to stabilize or reduce mortgage spreads as a means to mitigate housing affordability issues. Finally, although interest rate volatility has increased and the path of future Federal Reserve monetary policy actions has become a bit more uncertain, we believe that, with some form of resolution or easing of tensions in the Middle East, these factors could quickly revert to positive catalysts for Agency MBS. As a result, our longer-term outlook for Agency MBS remains constructive, de

EX-99.1

2 agnc8kexhibit991123125.htm

EX-99.1

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

January 26, 2026

CONTACT:

Investors - (301) 968-9300

Media - (301) 968-9303

AGNC INVESTMENT CORP.

ANNOUNCES FOURTH QUARTER 2025 FINANCIAL RESULTS

Bethesda, MD - January 26, 2026 - AGNC Investment Corp. (“AGNC” or the “Company”) (Nasdaq: AGNC) today announced financial results for the quarter ended December 31, 2025.

FOURTH QUARTER 2025 FINANCIAL HIGHLIGHTS

•$0.89 comprehensive income per common share, comprised of:

◦$0.83 net income per common share

◦$0.06 other comprehensive income ("OCI") per common share on investments marked-to-market through OCI

•$0.35 net spread and dollar roll income per common share1

◦Excludes $(0.01) per common share of estimated "catch-up" premium amortization cost due to change in projected constant prepayment rate ("CPR") estimates

•$8.88 tangible net book value per common share as of December 31, 2025

◦Increased $0.60 per common share, or 7.2%, from $8.28 per common share as of September 30, 2025

•$0.36 dividends declared per common share for the fourth quarter

•11.6% economic return on tangible common equity for the quarter

◦Comprised of $0.36 dividends per common share and $0.60 increase in tangible net book value per common share

OTHER FOURTH QUARTER HIGHLIGHTS

•$94.8 billion investment portfolio as of December 31, 2025, comprised of:

◦$81.1 billion Agency mortgage-backed securities ("Agency MBS")

◦$13.0 billion net forward purchases/(sales) of Agency MBS in the "to-be-announced" market ("TBA securities")

◦$0.7 billion credit risk transfer ("CRT") and non-Agency securities and other mortgage credit investments

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January 26, 2026

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•7.2x tangible net book value "at risk" leverage as of December 31, 2025

◦7.4x average tangible net book value "at risk" leverage for the quarter

•Unencumbered cash and Agency MBS totaled $7.6 billion as of December 31, 2025

◦Excludes unencumbered CRT and non-Agency securities

◦Represents 64% of the Company's tangible equity as of December 31, 2025

•9.6% average projected portfolio life CPR as of December 31, 2025

◦9.7% actual portfolio CPR for the quarter

•1.81% annualized net interest spread for the quarter2

•Capital markets activity

◦Issued 34.9 million shares of common equity through At-the-Market ("ATM") Offerings for net proceeds of $356 million

2025 FULL YEAR HIGHLIGHTS

•$1.74 comprehensive income per common share, comprised of:

◦$1.47 net income per common share

◦$0.27 OCI per common share

•$1.50 net spread and dollar roll income per common share1

◦Excludes $(0.01) per common share of estimated "catch-up" premium amortization cost

•$1.44 in dividends declared per common share

•22.7% economic return on tangible common equity for the year, comprised of:

◦$1.44 dividends per common share

◦$0.47 increase in tangible net book value per common share, or 5.6%, from $8.41 per common share as of December 31, 2024

•34.8% total stock return3

•Capital markets activity

◦Issued 208.2 million shares of common equity through ATM Offerings for net proceeds of $2.0 billion

◦Issued $345 million of 8.75% Series H Fixed-Rate preferred equity

1.Represents a non-GAAP measure. Please refer to the Reconciliation of GAAP Comprehensive Income (Loss) to Net Spread and Dollar Roll Income and Use of Non-GAAP Financial Information included in this release for additional information.

2.Please refer to Net Interest Spread Components by Funding Source included in this release for additional information regarding the Company's annualized net interest spread.

3.Includes dividend reinvestments. Source Bloomberg

MANAGEMENT REMARKS

"The fourth quarter of 2025 capped an exceptional year for AGNC shareholders," said Peter Federico, the Company's President, Chief Executive Officer and Chief Investment Officer. "For the year, AGNC generated an impressive economic return on tangible common equity of 22.7%. Even more noteworthy, AGNC's total stock return in 2025 was 34.8% with dividends reinvested, nearly double the performance of the S&P 500 Index. This performance, on both a relative and absolute basis, demonstrates the value of AGNC's actively managed portfolio of Agency MBS and associated hedges.

"Agency MBS was the best performing domestic fixed income asset class in the fourth quarter and produced a total return for the year of 8.6%, the best full-year return for Agency MBS since 2002. This strong performance was driven by a confluence of several factors. The Federal

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January 26, 2026

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Reserve shifted monetary policy toward lower short-term rates and greater accommodation, and interest rate volatility declined. In addition, uncertainty and potential risks associated with GSE reform were reduced as Administration officials communicated a framework focused on maintaining mortgage market stability and improving housing affordability. Collectively, these and other facto