Key facts
- Ellington Financial reported $54.4 million in net income for the second quarter of 2026.
- Reverse mortgage originations at Longbridge Financial surged by 38% in the second quarter of 2026.
- Adjusted distributable earnings exceeded the quarterly dividend.
- Book value per common share increased during the second quarter of 2026.
Ellington Financial Inc. announced its financial results for the second quarter of 2026, reporting a net income of $54.4 million. The company's strong performance was largely attributed to a substantial 38% surge in reverse mortgage originations originating from its subsidiary, Longbridge Financial. This growth in originations contributed significantly to the overall profitability for the quarter. In addition to the net income, Ellington Financial's adjusted distributable earnings for the second quarter exceeded the amount needed to cover the quarterly dividend. Furthermore, the company reported an increase in its book value per common share, indicating a positive trend in shareholder equity. The results highlight the successful operational performance of Longbridge Financial and its impact on Ellington Financial's overall financial health.