Two Harbors Investment Corp. (TWO)

OTC: TWO · Real Estate Investment Trusts · St. Louis Park, MN · filing with the SEC since 2009

Grade2.7

◀ Past 2.1● Present 3.1▶ Future 2.4

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

The Form 10-Q filed Jul 29, 2026 for the period ended Jun 30, 2026 is not in EDGAR's company facts yet; its figures here are that filing's own, read from the SEC's financial statement data sets.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 17, 2026	Feb 18, 2025	Feb 20, 2024	Feb 28, 2023	Mar 1, 2022	Feb 25, 2021	Feb 26, 2020	Feb 27, 2019	Feb 27, 2018	Feb 28, 2017
For lenders
Interest and dividend income	411,998	450,152	480,364	295,540	168,597	525,050	994,690	870,032	745,089	575,080^r
Interest and investment income	·	·	·	·	·	-530,462	217,763^r	-254,339^r	-5,996^r	101,030
Interest expense on deposits and borrowings	490,943	607,806	643,225	258,395	·	·	·	·	·	·
Net interest income	-78,945	-157,654	-162,861	37,145	79,424	243,802	280,361	350,361	394,901	361,796^r
Provision for credit losses	·	·	·	·	·	·	·	·	·	0
Total costs and expenses	560,488	165,994	115,178	82,728^r	63,800^r	198,059	191,764	249,332	129,921	137,127^r
Interest expense	·	607,806	643,225	258,395	89,173	281,248	714,329	519,671	350,188	213,284^r
Other income (expense), net	5,199	1,199	5,103	-14^r	-3,845	1,422	337	3,037	30,141^r	9,964^r
Total non-operating income (expense)	-419,990	6,823	-395,643	-139,757^r	-206,361^r	-1,711,566	236,117	-103,026	33,566	107,388^r
Income before income taxes	-445,428	344,754	-83,393	324,452	191,419	-1,665,823	310,402	-2,467	297,757	330,235^r
Income tax expense	8,872	46,586	22,978	104,213	4,192	-35,688	-13,560	41,823	-10,482	12,314^r
Income from continuing operations	·	·	-106,371	220,239	187,227	-1,630,135	323,962	-44,290	308,239	317,921
Income from discontinued operations	·	·	·	·	·	·	0	0	44,146	35,357
Net income including non-controlling interests	-454,300	298,168	-106,371	220,239	187,227	-1,630,135	323,962	-44,290	352,385	353,278
Net income	-454,300	298,168	-106,371	220,239	187,227	-1,630,135	323,962	-44,290	348,571	353,278
Preferred dividends	52,791	47,136	48,607	53,607	58,458	75,802	75,801	65,395	25,122	0
Net income to common shareholders	-508,400	249,983	-153,225	185,578	128,038	-1,705,937	248,161	-109,685	323,449	353,278
Earnings per share, basic	-4.88	2.41	-1.60	2.15	1.72^r	-24.94^r	3.72^b	-2.12^b	7.40^b	8.12^b
Earnings per share, diluted	-4.88	2.37	-1.60	2.13	1.72^r	-24.94^r	3.72^b	-2.12^b	7.24^b	8.12^b
Earnings per share, basic and diluted	·	·	·	·	·	·	·	·	·	4.04^b
Weighted average shares, basic	104,111,993	103,562,824	95,672,143	86,179,418	74,443,000^r	68,400,237^r	66,956,685^b	51,505,126^b	43,608,500^b	43,509,213^rb
Weighted average shares, diluted	104,111,993	113,089,508	95,672,143	96,076,175	74,510,884^r	68,400,237^r	66,956,685^b	51,505,126^b	47,033,335^b	43,509,213^b
Weighted average shares, basic and diluted	·	·	·	·	·	·	·	·	·	87,018,426^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-4 reverse split of Nov 2022.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanAndLeaseLosses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Interest expense what its borrowing costus-gaap:InterestExpense

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted

SI Assistanton TWO · research, not advice