Longbridge originations jump 38%, propelling Ellington to $54.4M profit

Ellington Financial Inc. on Thursday reported second-quarter 2026 net income attributable to common stockholders of $54.4 million, driven by strong loan credit performance and growing reverse mortgage production at its Longbridge Financial subsidiary. The Connecticut-based real estate investment trust generated adjusted distributable earnings (ADE) of $75.5 million, or 60 cents per share, which exceeded its quarterly dividend of 39 cents per share. Book value per common share rose to $13.61 as of June 30, including the impact of dividends paid during the quarter. Ellington said its investment portfolio segment produced $74.2 million of net income attributable to common stockholders, while the Longbridge reverse mortgage segment contributed $30.2 million. ADE was $75.7 million from the investment portfolio segment and $28.9 million from Longbridge. “Ellington Financial delivered another standout quarter, with continued book value growth and adjusted distributable earnings well in excess of our dividends, reflecting the strength and increasing momentum of our platform,” Laurence Penn, Ellington’s CEO and president, said in a statement. Reverse mortgage growth at Longbridge Longbridge...