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Ellington Financial (NYSE:EFC) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsAlaael-Deen Shilleh - Director of Investor RelationsJ.R. Herlihy - CFO and TreasurerJason Weaver - Managing Director, Equity ResearchLarry Penn - President and CEOMark Tecotzky - Co-Chief Investment OfficerTimour Daghestani - Senior Equity Research AssociateTrevor Cranston - Director, Mortgage Finance Equity ResearchConference Call ParticipantsBose George - AnalystDouglas Harter - Managing Director, Senior ...

Ellington Financial (NYSE:EFC) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Speaker8Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Ellington Financial fourth quarter 2025 earnings conference call. Today's call is being recorded. At this time, all participants have been placed in listen-only mode. The floor will be open for your questions following the presentation. If you would like to ask a question during that time, simply press Star 1 on your telephone keypad. If at ...

Earnings Conference Call February 26, 202 6 Q4 2025 Q4 2025 EARNINGS Important Notice Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as pre ...

Exhibit 99.1 Ellington Financial Inc. Reports Fourth Quarter 2025 Results OLD GREENWICH, Connecticut—February 25, 2026 Ellington Financial Inc. (NYSE: EFC) ("we") today reported financial results for the quarter ended December 31, 2025. Highlights Fourth Quarter 2025 Results "Ellington Financial reported another quarter of positive results, driven by our loan origination and securitization businesses, and supported by strengthening credit performance across our diversified loan portfolios," said Laurence Pe ...

Core Viewpoint - Ellington Financial Inc. reported a net income of $14.7 million for the quarter ended December 31, 2025, translating to $0.14 per common share [1] Financial Performance - The investment portfolio contributed $42.2 million, or $0.39 per common share [1] - The credit strategy generated $38.1 million, or $0.35 per common share [1] - The Agency strategy accounted for $4.1 million, or $0.04 per common share [1] - Total earnings per common share from various strategies amounted to $0.15, contributing to the overall net income [1]

Core Insights - The mortgage REIT sector is often misunderstood and mispriced, influenced by interest rates, spreads, and portfolio structure, creating investment opportunities for those with a strong understanding of the sector [1] - Preferred shares in the mortgage REIT sector provide high yields with lower risk and volatility compared to common shares, making them an attractive investment option [2] Company Overview - Ellington Financial (EFC) has a diverse portfolio that includes both agency and non-agency mortgage assets, and it is actively monitored for investment opportunities [3] Investment Strategy - The company has consistently invested in EFC's preferred shares, which have provided excellent trading opportunities due to high yield, price appreciation, and low volatility [6] - A recent position in EFC-B was closed to capitalize on strong returns, as the risk/reward balance became less attractive compared to other opportunities [7] Dividend and Valuation Insights - EFC-B is set for a moderate increase in targets as the dividend reset date approaches on January 30, 2027, transitioning from a fixed-rate to a new rate based on the five-year Treasury rate plus a credit spread of 4.99% [9] - The annualized yield to call for EFC-B was around 10.1% at the time of sale, indicating potential for respectable returns, although the valuation is always relative [11] Market Monitoring - The company will continue to monitor EFC-B closely, as price dips could create attractive entry opportunities, and preferred shares often move through cycles [13] - Current valuation shows EFC-B carrying a 10.6% yield to call, with the possibility of being called, but the decision to harvest gains was made based on relative attractiveness compared to other options [15] Performance Results - EFC-B has been among the best-performing preferred shares in the sector, with strong returns achieved through disciplined investment strategies [14][21] - The investment results demonstrate the importance of valuation discipline, as preferred shares can deliver excellent returns when purchased at attractive valuations [26]

Core Viewpoint - Ellington Financial Inc. has announced the federal income tax treatment information for distributions deemed paid in 2025 on its common and preferred stock, which is now available on the company's website [1]. Group 1: Tax Treatment Information - The company has posted information regarding the federal income tax treatment of distributions for its common and preferred stock on its website [1]. Group 2: Company Overview - Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, reverse mortgage loans, mortgage servicing rights, consumer loans, asset-backed securities, collateralized loan obligations, and various derivatives [2]. - The company is externally managed and advised by Ellington Financial Management LLC, which is an affiliate of Ellington Management Group, L.L.C. [2].

Core Insights - The article provides a market analysis focusing on several real estate investment trusts (REITs) and financial companies, highlighting their performance and potential investment opportunities [1] Group 1: Company Analysis - SL Green Realty Corp is noted for its strong position in the New York City real estate market, with a focus on office properties [1] - Realty Income Corp is recognized for its monthly dividend payments and a diversified portfolio of commercial properties, appealing to income-focused investors [1] - Ellington Financial LLC is highlighted for its investment strategy in mortgage-related assets, which may offer unique opportunities in the current interest rate environment [1] - Apple Hospitality REIT Inc. is discussed in the context of its hotel properties, with emphasis on recovery trends in the hospitality sector post-pandemic [1] Group 2: Industry Trends - The real estate sector is experiencing shifts due to changing economic conditions, including interest rate fluctuations and evolving consumer preferences [1] - There is a growing interest in REITs as a hedge against inflation, with many investors seeking stable income streams amid market volatility [1] - The hospitality industry is showing signs of recovery, driven by increased travel demand and occupancy rates, which may benefit companies like Apple Hospitality REIT Inc. [1]

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has authorized the redemption of all 4,600,000 outstanding shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") (NYSE: EFC PR A). The anticipated redemption date is February 27, 2026 (the "Redemption Date†). The Series A Preferred Stock will be redeemed at a price equal to the liquidation preference of $25.00 ...