AG Mortgage Investment Trust, Inc. (MITT) reported first-quarter quarter net income available to common stockholders of $13.4 million, up from $10.95 million in the year ago quarter. However, earnings per share declined to $0.49 from $0.77 in the year ago quarter.
Net Interest Income for the quarter jumped to $31.74 million from $12.17 million last year. Other loss for the quarter was $6.59 million, compared to other income of $808,824 in the prior year quarter.
Core earnings for the quarter increased to $20.54 million or $0.75 per share, from $10.12 million or $0.71 per share in the year ago quarter.
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