AGNC Investment Corp. shares fell nearly 2.7% despite reporting second-quarter 2026 net spread and dollar roll income per common share of 40 cents, beating the Zacks Consensus Estimate by 5.3%. Adjusted net interest and dollar roll income available to common stockholders rose 16.6% year over year to $533 million, while tangible net book value per share increased 9.9% to $8.58. However, the average net interest spread narrowed to 2% from 2.01%, the weighted average cost of funds rose to 2.89% from 2.86%, and the average actual constant prepayment rate jumped to 13% from 8.7%. The company's investment portfolio totaled $97.2 billion as of June 30, 2026, and it declared a quarterly dividend of 36 cents per share.
AGNC Investment Corp.Despite earnings beat, stock fell due to narrowing net interest spread, rising cost of funds, and higher prepayment rate.
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