Thrifts &amp; Mortgage Finance Stocks Q3 Highlights: Walker &amp; Dunlop (NYSE:WD)

Annaly Capital Management. Inc.

+0.44%

As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the thrifts & mortgage finance industry, including Walker & Dunlop and its peers.

Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering digital-first experiences, mounting regulatory compliance costs, and potential housing market corrections that could impact loan portfolios and default rates.

The 14 thrifts & mortgage finance stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 5.6% while next quarter’s revenue guidance was 0.6% below.

In light of this news, share prices of the companies have held steady as they are up 3.6% on average since the latest earnings results.

Walker & Dunlop

Originating as a small mortgage banking firm during the Great Depression in 1937, Walker & Dunlop provides commercial real estate financing, property sales, appraisal, and investment management services with a focus on multifamily properties.

Walker & Dunlop reported revenues of $337.7 million, up 15.5% year on year. This print exceeded analysts’ expectations by 3.5%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ net interest income estimates and a narrow beat of analysts’ EPS estimates.

The stock is down 20.1% since reporting and currently trades at $63.87.

Read our full report on Walker & Dunlop here, it’s free for active Edge members.

Best Q3: Ellington Financial

Operating under the guidance of Ellington Management Group, a respected name in structured credit markets, Ellington Financial acquires and manages a diverse portfolio of mortgage-related, consumer-related, and other financial assets to generate returns for investors.

Ellington Financial reported revenues of $82.76 million, up 23.6% year on year, outperforming analysts’ expectations by 4.9%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $13.73.

Is now the time to buy Ellington Financial? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: WaFd Bank

Founded in 1917 and rebranded from Washington Federal in 2023, WaFd is a bank holding company that provides lending, deposit services, and insurance through its Washington Federal Bank subsidiary across eight western states.

WaFd Bank reported revenues of $187.2 million, flat year on year, falling short of analysts’ expectations by 2%. It was a disappointing quarter as it posted a significant miss of analysts’ net interest income estimates and a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 15.4% since the results and currently trades at $32.13.

Read our full analysis of WaFd Bank’s results here.

Annaly Capital Management

Operating as a real estate investment trust since 1996 with a focus on generating income from interest rate spreads, Annaly Capital Management is a diversified capital manager that invests in agency mortgage-backed securities, residential mortgage loans, and mortgage servicing rights.

Annaly Capital Management reported revenues of $885.6 million, up 637% year on year. This result surpassed analysts’ expectations by 7.2%. More broadly, it was a mixed quarter as it also produced an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ net interest income estimates.

Annaly Capital Management scored the fastest revenue growth among its peers. The stock is up 7.3% since reporting and currently trades at $22.85.

Read our full, actionable report on Annaly Capital Management here, it’s free for active Edge members.

Columbia Financial

Founded during the Roaring Twenties in 1926 and headquartered in Fair Lawn, New Jersey, Columbia Financial operates federally chartered savings banks in New Jersey that offer traditional banking services including loans, deposits, and insurance products.

Columbia Financial reported revenues of $64.91 million, up 29.4% year on year. This number beat analysts’ expectations by 15.5%. It was a very strong quarter as it also recorded an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

The stock is up 18.3% since reporting and currently trades at $16.77.

Read our full, actionable report on Columbia Financial here, it’s free for active Edge members.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Ellington Financial Declares Common and Preferred Dividends

Dow Jones Newswires

OLD GREENWICH, Conn.--(BUSINESS WIRE)--December 04, 2025--

Ellington Financial Inc. ("we") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on January 30, 2026 to common stockholders of record as of December 31, 2025; (ii) a quarterly dividend of $0.593907 per share on the Company's Series A Floating Rate Cumulative Redeemable Preferred Stock, payable on January 30, 2026 to Series A preferred stockholders of record as of December 31, 2025; (iii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on January 30, 2026 to Series B preferred stockholders of record as of December 31, 2025; (iv) a quarterly dividend of $0.5390625 per share on the Company's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on January 30, 2026 to Series C preferred stockholders of record as of December 31, 2025; and (v) a quarterly dividend of $0.4375 per share on the Company's 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock, payable on December 30, 2025 to Series D preferred stockholders of record as of December 20, 2025.

Cautionary Statement Regarding Forward-Looking Statements

This press release 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 its beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate, " "estimate," "project," "plan," "continue," "intend," "should," "would, " "could," "goal," "objective," "will," "may," "seek" or similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us. These beliefs, assumptions, and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements. The following factors are examples of those that could cause actual results to vary from our forward-looking statements: changes in interest rates and the market value of our investments, market volatility, changes in mortgage default rates and prepayment rates, our ability to borrow to finance our assets, changes in government regulations affecting our business, our ability to maintain our exclusion from registration under the Investment Company Act of 1940, our ability to maintain our qualification as a real estate investment trust, or "REIT," and other changes in market conditions and economic trends, such as changes to fiscal or monetary policy, heightened inflation, slower growth or recession, and currency fluctuations. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of our Annual Report on Form 10-K, which can be accessed through our website at www.ellingtonfinancial.com or at the SEC's website (www.sec.gov). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected or implied may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.

About Ellington Financial

Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

For additional information, visit www.ellingtonfinancial.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20251204589198/en/

CONTACT: Investors:

Ellington Financial

Investor Relations

(203) 409-3575

info@ellingtonfinancial.com

Media:

Amanda Shpiner/Grace Cartwright

Gasthalter & Co.

for Ellington Financial

(212) 257-4170

ellington@gasthalter.com

Risk Warnings and Disclaimers

Add to Favorites

Thrifts & Mortgage Finance Stocks Q2 Results: Benchmarking TFS Financial (NASDAQ:TFSL)

Stock Story

Arbor Realty Trust, Inc.

-1.23%

Read our full report on TFS Financial here, it’s free for active Edge members.

Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at TFS Financial and its peers.

The 16 thrifts & mortgage finance stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 4.7% while next quarter’s revenue guidance was 0.5% below.

Thankfully, share prices of the companies have been resilient as they are up 5.4% on average since the latest earnings results.

TFS Financial

Tracing its roots back to 1938 during the Great Depression era when savings and loans were vital to homeownership, TFS Financial is a savings and loan holding company that provides mortgage lending, deposit services, and other retail banking products primarily in Ohio and Florida.

TFS Financial reported revenues of $80.54 million, up 6% year on year. This print fell short of analysts’ expectations by 0.8%. Overall, it was a slower quarter for the company with EPS in line with analysts’ estimates and a slight miss of analysts’ revenue estimates.

Interestingly, the stock is up 11.6% since reporting and currently trades at $14.10.

Best Q2: Ellington Financial

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $13.67.

Is now the time to buy Ellington Financial? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q2: WaFd Bank

Interestingly, the stock is up 16.1% since the results and currently trades at $32.30.

Read our full analysis of WaFd Bank’s results here.

PennyMac Financial Services

Founded during the 2008 financial crisis to help address the mortgage market meltdown, PennyMac Financial Services is a specialty financial services company that originates, services, and manages investments related to residential mortgage loans in the United States.

PennyMac Financial Services reported revenues of $637.1 million, up 11.3% year on year. This print beat analysts’ expectations by 10.7%. Overall, it was an exceptional quarter as it also put up an impressive beat of analysts’ net interest income estimates and a solid beat of analysts’ revenue estimates.

The stock is up 10.7% since reporting and currently trades at $133.88.

Read our full, actionable report on PennyMac Financial Services here, it’s free for active Edge members.

Arbor Realty Trust

With roots dating back to 2003 and a focus on the stability of multifamily housing, Arbor Realty Trust is a specialized lender that provides financing solutions for multifamily and commercial real estate while also originating and servicing government-backed mortgage loans.

Arbor Realty Trust reported revenues of $112.4 million, down 28.2% year on year. This number came in 25.8% below analysts' expectations. Aside from that, it was a mixed quarter as it also logged a beat of analysts’ EPS estimates but a significant miss of analysts’ revenue estimates.

Arbor Realty Trust had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is down 21.5% since reporting and currently trades at $9.07.

Read our full, actionable report on Arbor Realty Trust here, it’s free for active Edge members.

Risk Warnings and Disclaimers

Add to Favorites

Thrifts & Mortgage Finance Stocks Q3 In Review: Annaly Capital Management (NYSE:NLY) Vs Peers

Stock Story

AGNC Investment Corp. Common Stock

Read our full report on Annaly Capital Management here, it’s free for active Edge members.

As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the thrifts & mortgage finance industry, including Annaly Capital Management and its peers.

The 14 thrifts & mortgage finance stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 5.6% while next quarter’s revenue guidance was 0.5% below.

In light of this news, share prices of the companies have held steady as they are up 3% on average since the latest earnings results.

Annaly Capital Management

Annaly Capital Management reported revenues of $885.6 million, up 637% year on year. This print exceeded analysts’ expectations by 7.2%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ net interest income estimates.

“We were pleased to generate an 8.1% economic return during the third quarter and 11.5% economic return for the first nine months of the year as each of our investment strategies drove strong performance and contributed to earnings that again exceeded our dividend,” said Chief Executive Officer & Co-Chief Investment Officer David Finkelstein.

Annaly Capital Management pulled off the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 7.5% since reporting and currently trades at $22.91.

Best Q3: Ellington Financial

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $13.61.

Is now the time to buy Ellington Financial? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: WaFd Bank

Interestingly, the stock is up 14.2% since the results and currently trades at $31.79.

Read our full analysis of WaFd Bank’s results here.

AGNC Investment

Born during the 2008 financial crisis when mortgage markets were in turmoil, AGNC Investment is a real estate investment trust that primarily invests in mortgage-backed securities guaranteed by U.S. government agencies or enterprises.

AGNC Investment reported revenues of $836 million, up 122% year on year. This print topped analysts’ expectations by 42.3%. Zooming out, it was a slower quarter as it produced a significant miss of analysts’ net interest income estimates and a significant miss of analysts’ EPS estimates.

AGNC Investment scored the biggest analyst estimates beat among its peers. The stock is up 3.6% since reporting and currently trades at $10.47.

Read our full, actionable report on AGNC Investment here, it’s free for active Edge members.

Columbia Financial

Columbia Financial reported revenues of $64.91 million, up 29.4% year on year. This number beat analysts’ expectations by 15.5%. Overall, it was a very strong quarter as it also logged an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

The stock is up 14.7% since reporting and currently trades at $16.27.

Read our full, actionable report on Columbia Financial here, it’s free for active Edge members.

Risk Warnings and Disclaimers

Add to Favorites

Press Release: Walker & Dunlop Arranges $153 Million For Multifamily Portfolio

Reuters

Walker & Dunlop

-1.08%

Risk Warnings and Disclaimers

Add to Favorites

Walker & Dunlop Inc - Arranges $153.3 Million For Multifamily Refinance

Reuters

Walker & Dunlop

-1.08%

Risk Warnings and Disclaimers

Add to Favorites

Q3 Thrifts & Mortgage Finance Earnings: Ellington Financial (NYSE:EFC) Impresses

Stock Story

WaFd

+0.06%