How does AGNCL's earnings trend compare year-over-year?
4/13/2025 06:17pm
AGNC Investment's net income exhibits significant year-over-year growth, increasing by 2184.38% from 2023 to 2024:
1. **Growth in Net Income**: AGNC Investment's net income for the twelve months ending December 31, 2024, was $731 million, a substantial increase from the $32 million recorded in 2023.
2. **Decline in Net Income**: It's important to note that there was a significant decline of 174% year-over-year in the net income for the quarter ending September 30, 2024, which was $313 million compared to $1.226 billion in the same period the previous year.
3. **Stability in Quarterly Net Income**: The net income for the twelve months ending September 30, 2024, was $1.026 billion, a 460.66% increase year-over-year. This indicates a strong overall performance despite the quarterly fluctuation.
4. **Annual Net Income Trend**: AGNC Investment's annual net income showed a sharp decline of 102.47% in 2022 compared to 2021, with a loss of $1.295 billion in 2022 after earning $649 million in 2021. However, the following year, it recovered to make a profit of $731 million, showing the volatility of its earnings trend.
Overall, AGNC Investment has demonstrated a robust recovery and growth in net income after a period of decline, with significant year-over-year increases in recent years.