Ellington Financial reported second-quarter 2026 GAAP net income of $0.43 per share and adjusted distributable earnings of $0.60 per share, driven by strong securitization execution and record proprietary reverse mortgage volume at its Longbridge segment. The company's annualized economic return was 13.6%, and book value per share rose to $13.61, up $0.05 from the prior quarter. Longbridge originations reached $590 million, a 38% year-over-year increase, with proprietary reverse mortgages representing 54% of volume. Ellington completed $2 billion in securitizations during the quarter, bringing first-half 2026 total to $4 billion, compared to $4.4 billion for all of 2025. Management expects to close the acquisition of a small residential loan servicer in September 2026 to build a best-in-class special servicing platform.
Ellington Financial Inc.Strong Q2 earnings and record reverse mortgage volume drive positive results.
