NLY - Earnings announcements

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2026. Financial Highlights GAAP net income of $0.33 per average common share for the quarter Earnings available for distribution ("EAD") of $0.76 per average common share for the quarter Economic return of 1.5% for the first quarter Book value per common share of $19.82 GAAP leverage of 7.3x, up from 7.2x in the prior quarter; economic leverage of 5.7x, up from 5.6x in the prior quarter Common stock cash dividend of $0.70 per share for the first quarter Business Highlights Investment and Strategy Total portfolio of $106.7 bi

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended March 31, 2026 after the market close on Tuesday, April 21, 2026. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, April 22, 2026 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the "Investors" section of the Company's website at www.annaly.com, or by using the following link

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2025. Financial Highlights GAAP net income of $1.40 per average common share for the quarter; $2.92 for the full year 2025 Earnings available for distribution ("EAD") of $0.74 per average common share for the quarter; $2.92 for the full year 2025 Economic return of 8.6% for the fourth quarter and 20.2% for the full year 2025 Book value per common share of $20.21 GAAP leverage of 7.2x, up from 7.1x in the prior quarter; economic leverage of 5.6x, down from 5.7x in the prior quarter Common stock cash dividend of $0.70 per

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended December 31, 2025 after the market close on Wednesday, January 28, 2026. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, January 29, 2026 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the "Investors" section of the Company's website at www.annaly.com, or by using the follow

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended September 30, 2025. Financial Highlights GAAP net income of $1.21 per average common share for the quarter Earnings available for distribution ("EAD") of $0.73 per average common share for the quarter Economic return of 8.1% for the third quarter; 11.5% economic return year-to-date through the third quarter Book value per common share of $19.25 GAAP leverage of 7.1x, unchanged from the prior quarter; economic leverage of 5.7x, down from 5.8x in the prior quarter Common stock cash dividend of $0.70 per share for the third quarter Business H

PennyMac Financial Services, Inc. (NYSE:PFSI) today reported net income of $181.5 million for the third quarter of 2025, or $3.37 per share on a diluted basis, on total net revenues of $632.9 million. Book value per share increased to $81.12 from $78.04 at June 30, 2025. PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share, payable on November 26, 2025, to common stockholders of record as of November 17, 2025. Third Quarter 2025 Highlights Pretax income was $236.4 million, up from $76.4 million in the prior quarter and $93.9 million in the third quarter of 2024 Production segment pretax income was $122.9 million, up from $57.8 million in the prior qu

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended September 30, 2025 after the market close on Wednesday, October 22, 2025. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, October 23, 2025 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by usi

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended June 30, 2025. Financial Highlights GAAP net income of $0.03 per average common share for the quarter Earnings available for distribution ("EAD") of $0.73 per average common share for the quarter Economic return of 0.7% for the second quarter; 3.7% economic return for the first half of the year Book value per common share of $18.45 GAAP leverage of 7.1x, up from 6.8x in the prior quarter; economic leverage of 5.8x, up from 5.7x in the prior quarter Common stock cash dividend of $0.70 per share for the second quarter Business Highlights I

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended June 30, 2025 after the market close on Wednesday, July 23, 2025. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, July 24, 2025 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the foll

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2025. Financial Highlights GAAP net income of $0.15 per average common share for the quarter Earnings available for distribution ("EAD") of $0.72 per average common share for the quarter Economic return of 3.0% for the first quarter Book value per common share of $19.02 GAAP leverage of 6.8x, down from 7.1x in the prior quarter; economic leverage of 5.7x, up from 5.5x in the prior quarter Increased common stock cash dividend to $0.70 per share for the first quarter Business Highlights Investment and Strategy Total portfolio of $84.9 b

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended March 31, 2025 after the market close on Wednesday, April 30, 2025. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 1, 2025 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the follo

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2024. Financial Highlights GAAP net income of $0.78 per average common share for the quarter Earnings available for distribution ("EAD") of $0.72 per average common share for the quarter Economic return of 1.3% for the fourth quarter and 11.9% for the full year 2024 Book value per common share of $19.15 GAAP leverage of 7.1x, up from 6.9x in the prior quarter; economic leverage of 5.5x, down from 5.7x in the prior quarter Declared quarterly common stock cash dividend of $0.65 per share Business Highlights Fourth Qua

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended December 31, 2024 after the market close on Wednesday, January 29, 2025. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, January 30, 2025 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by usin

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended September 30, 2024. Financial Highlights GAAP net income of $0.05 per average common share for the quarter Earnings available for distribution ("EAD") of $0.66 per average common share for the quarter Economic return of 4.9% for the third quarter and 10.5% year-to-date through the third quarter Book value per common share of $19.54 GAAP leverage of 6.9x, down from 7.1x in the prior quarter; economic leverage of 5.7x, down from 5.8x in the prior quarter Declared quarterly common stock cash dividend of $0.65 per share Business Highlights Investment

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended September 30, 2024 after the market close on Wednesday, October 23, 2024. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, October 24, 2024 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by usin

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended June 30, 2024. Financial Highlights GAAP net income (loss) of ($0.09) per average common share for the quarter Earnings available for distribution ("EAD") of $0.68 per average common share for the quarter Economic return of 0.9% for the second quarter and 5.7% for the first half of 2024 Book value per common share of $19.25 GAAP leverage of 7.1x, up from 6.7x in the prior quarter; economic leverage of 5.8x, up from 5.6x in the prior quarter Declared quarterly common stock cash dividend of $0.65 per share Business Highlights Investment an

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended June 30, 2024 after the market close on Wednesday, July 24, 2024. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, July 25, 2024 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the foll

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2024. Financial Highlights GAAP net income of $0.85 per average common share for the quarter Earnings available for distribution ("EAD") of $0.64 per average common share for the quarter Economic return of 4.8% for the first quarter Book value per common share of $19.73 GAAP leverage of 6.7x, down from 6.8x in the prior quarter; economic leverage of 5.6x, down from 5.7x in the prior quarter Declared quarterly common stock cash dividend of $0.65 per share Business Highlights Investment and Strategy Total portfolio of $73.5 bi

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended March 31, 2024 after the market close on Wednesday, April 24, 2024. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the f

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2023. Financial Highlights GAAP net income (loss) of ($0.88) per average common share for the quarter; ($3.61) per average common share for the full year 2023 Earnings available for distribution ("EAD") of $0.68 per average common share for the quarter; $2.86 per average common share for the full year 2023 Economic return of 10.1% for the fourth quarter; economic return of 6.0% for the full year 2023 Book value per common share of $19.44 GAAP leverage of 6.8x, down from 7.1x in the prior quarter; economic leverage of 5.7x,

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended December 31, 2023 after the market close on Wednesday, February 7, 2024. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, February 8, 2024 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by usin

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended September 30, 2023. Financial Highlights GAAP net income (loss) of ($1.21) per average common share for the quarter Earnings available for distribution ("EAD") of $0.66 per average common share for the quarter Economic return (loss) of (8.8%) for the third quarter Book value per common share of $18.25 GAAP leverage of 7.1x, up from 6.1x in the prior quarter; economic leverage of 6.4x, up from 5.8x in the prior quarter Declared quarterly common stock cash dividend of $0.65 per share Business Highlights Investment and Strategy Total por

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended September 30, 2023 after the market close on Wednesday, October 25, 2023. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, October 26, 2023 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by usi

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended June 30, 2023. Financial Highlights GAAP net income of $0.27 per average common share for the quarter Earnings available for distribution ("EAD") of $0.72 per average common share for the quarter Economic return of 2.9% for the second quarter Annualized GAAP return on average equity of 5.4% and annualized EAD return on average equity of 13.2% Book value per common share of $20.73 GAAP leverage of 6.1x, up from 5.9x in the prior quarter; economic leverage of 5.8x, down from 6.4x in the prior quarter Declared quarterly common stock cash divi

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended June 30, 2023 after the market close on Wednesday, July 26, 2023. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, July 27, 2023 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the foll

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2023. Financial Highlights GAAP net income (loss) of ($1.79) per average common share for the quarter Earnings available for distribution ("EAD") of $0.81 per average common share for the quarter Economic return of 3.0% for the first quarter Annualized GAAP return (loss) on average equity of (28.8%) and annualized EAD return on average equity of 14.8% Book value per common share of $20.77 GAAP leverage of 5.9x, down from 6.0x in the prior quarter; economic leverage of 6.4x, up from 6.3x in the prior quarter Declared quarterly com

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended March 31, 2023 after the market close on Wednesday, April 26, 2023. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, April 27, 2023 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the f

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter and year ended December 31, 2022 after the market close on Wednesday, February 8, 2023. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, February 9, 2023 at 10:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, o

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended September 30, 2022. Financial Highlights GAAP net income (loss) of ($0.70) per average common share for the quarter Earnings available for distribution ("EAD") of $1.06 per average common share for the quarter; dividend coverage of 120% Economic return (loss) of (11.7%) for the third quarter Annualized GAAP return (loss) on average equity of (9.9%) and annualized EAD return on average equity of 17.6% Book value per common share of $19.94 GAAP leverage of 5.8x, up from 5.4x in the prior quarter; economic leverage of 7.1x, up from 6.6x in the prior qu

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today an update on its portfolio and risk position, including preliminary financial information as of September 30, 2022, in light of sustained market volatility. Below are preliminary updates on the Company's business and financial performance, demonstrating Annaly's continued ability to navigate challenging market environments: Book value per common share. We estimate that on a preliminary basis our book value per common share at September 30, 2022 was between $19.85 and $20.05 compared to $23.59 per common share at June 30, 2022. GAAP leverage and economic leverage. We estimate that on a preliminary bas

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended September 30, 2022 after the market close on Wednesday, October 26, 2022. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, October 27, 2022 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by usin

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended June 30, 2022. Financial Highlights GAAP net income of $0.55 per average common share for the quarter Earnings available for distribution ("EAD") of $0.30 per average common share for the quarter; up $0.02 from the prior quarter with dividend coverage of over 135% Economic return (loss) of (9.6%) for the second quarter Annualized GAAP return on average equity of 30.6% and annualized EAD return on average equity of 17.5% Book value per common share of $5.90 GAAP leverage of 5.4x, up from 5.3x in the prior quarter; economic leverage of 6.6x, up from 6

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended June 30, 2022 after the market close on Wednesday, July 27, 2022. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, July 28, 2022 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the follo

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2022. Financial Highlights GAAP net income of $1.37 per average common share for the quarter Earnings available for distribution ("EAD") of $0.28 per average common share for the quarter; unchanged from the prior quarter with dividend coverage of over 125% Economic return of (12.3%) for the first quarter Annualized GAAP return on average equity of 65.6% and annualized EAD return on average equity of 14.0% Book value per common share of $6.77 GAAP leverage of 5.3x, up from 4.7x in the prior quarter; economic leverage of 6.4x, up from 5.7x i

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended March 31, 2022 after the market close on Wednesday, April 27, 2022. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, April 28, 2022 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by using the fo

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2021. Financial Highlights GAAP net income of $0.27 per average common share for the quarter; $1.60 per average common share for the full year 2021 Earnings available for distribution ("EAD") of $0.28 per average common share for the quarter; $1.16 per average common share for the full year 2021 with dividend coverage of +125% Economic return and tangible economic return of (2.4%) for the fourth quarter; economic return of (0.8%) and tangible economic return of 0.0% for the full year 2021 Annualized GAAP return on average equi

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter and year ended December 31, 2021 after the market close on Wednesday, February 9, 2022. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, February 10, 2022 at 10:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com,

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended September 30, 2021. Financial Highlights GAAP net income of $0.34 per average common share for the quarter Earnings available for distribution ("EAD") of $0.28 per average common share for the quarter, down $0.02 quarter-over-quarter with dividend coverage of +125% Economic return and tangible economic return of 2.9% for the quarter Annualized GAAP return on average equity of 15.3% and annualized EAD return on average equity of 12.8% Book value per common share of $8.39, up $0.02 from the prior quarter GAAP leverage of 4.4x down from 4.7x in th

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") announced today that it will release its financial results for the quarter ended September 30, 2021 after the market close on Wednesday, October 27, 2021. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, October 28, 2021 at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the conference call to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed by accessing the Pre-Registration link found on the homepage or "Investors" section of the Company's website at www.annaly.com, or by usin

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended June 30, 2021. Financial Highlights GAAP net income (loss) of ($0.23) per average common share for the quarter Earnings available for distribution ("EAD") (formerly core earnings (excluding PAA)) of $0.30 per average common share for the quarter, up $0.01 quarter-over-quarter with dividend coverage of +135% Economic return (loss) and tangible economic return (loss) of (4.0%) for the quarter Annualized GAAP return (loss) on average equity of (8.5%) and annualized EAD return on average equity of 13.1% Book value per common share of $8.37 GAAP leverage

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2021. Financial Highlights GAAP net income of $1.23 per average common share for the quarter, up from $0.60 in the prior quarter Core earnings (excluding PAA) of $0.29 per average common share for the quarter, down $0.01 quarter-over-quarter and up $0.08 year-over-year with dividend coverage of +130% Economic return and tangible economic return(1) of 2.8% and 3.6%, respectively, for the first quarter Annualized GAAP return on average equity of 49.9% and annualized core return on average equity (excluding PAA) of 12.5% Book value per common s

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2020.  Financial Highlights GAAP net income of $0.60 per average common share for the quarter; ($0.73) per average common share for the full year 2020 Core earnings (excluding PAA) of $0.30 per average common share for the quarter; $1.10 for the full year 2020 Economic return of 5.1% for the fourth quarter; 1.8% for the full year 2020 GAAP return on average equity of 24.9% and core return on average equity (excluding PAA) of 13.0% for the quarter Book value per common share of $8.92, up 2.5% fr