American Capital Agency Corp. (AGNC) first-quarter profit of $231 million, down from $641 million in the same period last year.
Net income available to common shareholders plunged to $228 million or $0.64 per share from $641 million or $2.66 per share last year.
Comprehensive loss attributable to common shareholders totaled $560 million or $1.57 per share, compared to a profit of $587 million or $2.44 per share last year.
Net-interest income dropped to $407 million from $408 million last year.
Expenses for the quarter totaled $42 million, up from $28 million last year.
Net book value per share was $28.93, compared to $31.64 last year.
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