Security
TWO HARBORS INVT CORP SR NT 9.375 08/15/2030 · TWOD
TWODOTCotherCurrentCIK 1465740Updated Oct 27, 2026
TWOD price & chart
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OTC:TWOD on TradingView ↗About the company
TWO, a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, Minnesota.
In the news
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Recent filings
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 10,866,407,000Source | 12,887,842,000Source | 13,916,729,000Source | 12,959,138,000Source | 12,849,717,000Source | 10,533,736,000Source | 13,683,313,000Source | 13,161,925,000Source | 10,859,217,000Source | 12,204,319,000Source | 13,138,800,000Source | 13,466,160,000Source |
| GoodwillUSD | — | — | 27,654,000Source | — | — | — | — | — | — | — | 27,453,000Source | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 770,533,000Source | 522,581,000Source | 644,184,000Source | 657,816,000Source | 624,199,000Source | 476,307,000Source | 573,882,000Source | 666,244,000Source | 842,319,000Source | 504,613,000Source | 729,732,000Source | 683,479,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 9,094,690,000Source | 10,718,468,000Source | 11,799,501,000Source | 11,073,112,000Source | 10,654,420,000Source | 8,802,157,000Source | 11,536,524,000Source | 10,921,855,000Source | 9,071,290,000Source | 10,081,810,000Source | 10,935,410,000Source | 11,282,635,000Source |
| Commitments and ContingenciesUSD | — | 0Source | 0Source | — | 0Source | — | 0Source | 0Source | — | 0Source | 0Source | 0Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 601,467,000Source | 601,467,000Source | 618,579,000Source | 601,467,000Source | 601,467,000Source | 601,467,000Source | 601,467,000Source | 601,467,000Source | 601,467,000Source | 601,467,000Source | 613,213,000Source | 630,999,000Source |
| Common Stock, Value, IssuedUSD | 1,041,000Source | 1,037,000Source | 962,000Source | 1,041,000Source | 1,036,000Source | 1,050,000Source | 1,040,000Source | 1,035,000Source | 1,048,000Source | 1,037,000Source | 1,032,000Source | 864,000Source |
| Additional Paid in CapitalUSD | 5,946,814,000Source | 5,934,920,000Source | 5,826,133,000Source | 5,945,210,000Source | 5,933,250,000Source | 5,952,939,000Source | 5,943,211,000Source | 5,931,558,000Source | 5,948,478,000Source | 5,936,609,000Source | 5,925,424,000Source | 5,645,998,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -51,841,000Source | -53,959,000Source | -660,008,000Source | -112,879,000Source | -323,580,000Source | -44,278,000Source | -163,352,000Source | -279,507,000Source | -87,000Source | -320,524,000Source | -176,429,000Source | -278,711,000Source |
| Liabilities and EquityUSD | 10,866,407,000Source | 12,887,842,000Source | 13,916,729,000Source | 12,959,138,000Source | 12,849,717,000Source | 10,533,736,000Source | 13,683,313,000Source | 13,161,925,000Source | 10,859,217,000Source | 12,204,319,000Source | 13,138,800,000Source | 13,466,160,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 92,470,000Source | 100,231,000Source | 81,765,000Source | 80,603,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 87,194,000Source | 95,480,000Source | 61,682,000Source | 47,177,000Source |
| Dividends PayableUSD | 49,030,000Source | 58,730,000Source | 55,675,000Source | 54,195,000Source | 58,729,000Source | 48,904,000Source | 60,402,000Source | 58,685,000Source | 48,932,000Source | 58,725,000Source | 58,731,000Source | 64,504,000Source |
| Long-term DebtUSD | 8,430,709,000Source | — | — | 10,175,579,000Source | — | 8,286,052,000Source | — | — | 8,557,182,000Source | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -127,921,000Source | -238,485,000Source | -259,041,000Source | 56,336,000Source | 32,284,000Source | -79,055,000Source | -454,300,000Source | 298,168,000Source | -106,371,000Source | 220,239,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 4,422,000Source | 6,523,000Source | 13,351,000Source | 10,946,000Source | 10,976,000Source | 11,630,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -8,287,000Source | 33,694,000Source | 14,504,000Source | 105,241,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 56,580,000Source | 111,913,000Source | 88,917,000Source | 201,004,000Source | 343,509,000Source | 623,402,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | 0Source | 0Source | 20,976,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -38,144,000Source | -2,027,858,000Source | 911,612,000Source | 895,279,000Source | -195,783,000Source | -2,751,281,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | — | — | 1,750,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 7,056,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -320,239,000Source | 1,796,029,000Source | -756,218,000Source | -1,073,475,000Source | -479,398,000Source | 1,165,714,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 35,890,000Source | 46,981,000Source | 170,860,000Source | 187,684,000Source | 197,640,000Source | 235,371,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -301,803,000Source | -119,916,000Source | 244,311,000Source | 22,808,000Source | -331,672,000Source | -962,165,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 131,162,000Source | 125,556,000Source | 487,747,000Source | 618,659,000Source | 565,834,000Source | 153,181,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | -777,000Source | 3,701,000Source | 24,617,000Source | 9,255,000Source | 7,380,000Source | -1,575,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 1,500,000Source | 1,600,000Source | 1,900,000Source | 1,600,000Source | 4,400,000Source | 6,500,000Source | 13,400,000Source | 10,900,000Source | 11,000,000Source | 11,600,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 218,000Source | 362,000Source | 2,048,000Source | 2,053,000Source | 2,589,000Source | 2,678,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | — | — | — | — | -10,971,000Source | -32,635,000Source | -96,299,000Source | -39,779,000Source | -70,515,000Source | -601,207,000Source |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously RecordedUSD | — | — | 55,000Source | 4,000Source | 3,000Source | 15,000Source | — | 31,000Source | — | 131,000Source | 425,000Source | 983,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | -15,887,000Source | -388,000Source | -33,160,000Source | -21,993,000Source | -10,884,000Source | -33,476,000Source | -98,369,000Source | -39,304,000Source | -118,876,000Source | -566,262,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 64,596,000Source | -32,722,000Source | -31,257,000Source | -750,000Source | — | 1,448,000Source | — | -41,017,000Source | -166,210,000Source | 9,310,000Source |
| Dividends PayableUSD | — | — | 49,030,000Source | 58,730,000Source | 54,195,000Source | 58,729,000Source | 48,904,000Source | 60,402,000Source | 48,932,000Source | 58,725,000Source | 58,731,000Source | 64,504,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | 15,641,000Source | -97,340,000Source | -91,484,000Source | — | — | — |
| Gain (Loss) on Sale of DerivativesUSD | — | — | — | -113,028,000Source | — | 33,049,000Source | — | — | — | -103,487,000Source | -100,057,000Source | 64,920,000Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | — | — | — | — | — | — | 2,172,000Source | 624,000Source | 5,135,000Source | 1,493,000Source | 0Source | 9,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | — | — | 1,596,000Source | 927,000Source | 883,000Source | 0Source | 2,052,000Source | 669,000Source | 4,705,000Source | 1,482,000Source | — | — |
| GoodwillUSD | — | — | — | — | — | — | — | — | — | — | 27,453,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | — | — | -106,371,000Source | 220,239,000Source |
| Income Tax Expense (Benefit)USD | — | — | 1,204,000Source | -10,458,000Source | 1,661,000Source | 14,201,000Source | 4,068,000Source | 431,000Source | 8,872,000Source | 46,586,000Source | 22,978,000Source | 104,213,000Source |
| LitigationSettlementLossUSD | — | — | 175,065,000Source | 0Source | — | — | — | — | 375,000,000Source | — | — | — |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | — | — | -16,187,000Source | 1,383,000Source | -32,830,000Source | -22,437,000Source | -10,986,000Source | -32,729,000Source | -96,178,000Source | -40,038,000Source | -69,970,000Source | -603,937,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -127,921,000Source | -238,485,000Source | -259,041,000Source | 56,336,000Source | 32,284,000Source | -79,055,000Source | -454,300,000Source | 298,168,000Source | -106,371,000Source | 220,239,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -141,539,000Source | -250,572,000Source | -272,624,000Source | 44,222,000Source | 19,043,000Source | -92,645,000Source | -508,400,000Source | 249,983,000Source | -153,225,000Source | 185,578,000Source |
| Nonoperating Income (Expense)USD | — | — | -46,475,000Source | -335,901,000Source | -151,018,000Source | -23,806,000Source | -35,985,000Source | -164,860,000Source | -419,990,000Source | 6,823,000Source | -395,643,000Source | 464,154,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 4,114,000Source | 123,000Source | 1,038,000Source | 226,000Source | 1,317,000Source | 761,000Source | 5,199,000Source | 1,199,000Source | 5,103,000Source | -5,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 41,000Source | 82,000Source | 279,000Source | 244,000Source | 275,674,000Source | 6,614,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | — | — | — | — | 173,922,000Source | 180,663,000Source | 763,389,000Source | 707,203,000Source | 662,469,000Source | 1,102,994,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | — | -2,649,000Source | — | 58,063,000Source | -102,694,000Source | -13,797,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Nonoperating Income (Expense)USD | — | — | 4,114,000Source | 123,000Source | 1,038,000Source | 226,000Source | 1,317,000Source | 761,000Source | 5,199,000Source | 1,199,000Source | 5,103,000Source | -5,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -126,717,000Source | -248,943,000Source | -257,380,000Source | 70,537,000Source | 36,352,000Source | -78,624,000Source | -445,428,000Source | 344,754,000Source | -83,393,000Source | 324,452,000Source |
| Income Tax Expense (Benefit)USD | — | — | 1,204,000Source | -10,458,000Source | 1,661,000Source | 14,201,000Source | 4,068,000Source | 431,000Source | 8,872,000Source | 46,586,000Source | 22,978,000Source | 104,213,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -127,921,000Source | -238,485,000Source | -259,041,000Source | 56,336,000Source | 32,284,000Source | -79,055,000Source | -454,300,000Source | 298,168,000Source | -106,371,000Source | 220,239,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -1.36Source | -2.42Source | -2.62Source | 0.43Source | 0.18Source | -0.89Source | -4.88Source | 2.41Source | -1.6Source | 2.15Source |
| Earnings Per Share, DilutedUSD per share | — | — | -1.36Source | -2.42Source | -2.62Source | 0.43Source | 0.18Source | -0.89Source | -4.88Source | 2.37Source | -1.6Source | 2.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 104,144,560Source | 103,635,455Source | 104,084,326Source | 103,555,755Source | 104,876,645Source | 103,976,437Source | 104,111,993Source | 103,562,824Source | 95,672,143Source | 86,179,418Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 104,144,560Source | 103,635,455Source | 104,084,326Source | 103,910,812Source | 105,323,173Source | 103,976,437Source | 104,111,993Source | 113,089,508Source | 95,672,143Source | 96,076,175Source |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.34Source | 0.45Source | 0.39Source | 0.45Source | 0.34Source | 0.45Source | 1.52Source | 1.8Source | — | — |
| Costs and ExpensesUSD | — | — | 219,423,000Source | 38,585,000Source | 242,711,000Source | 38,943,000Source | 49,447,000Source | 47,094,000Source | 560,488,000Source | 165,994,000Source | 115,178,000Source | 176,847,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | — | — | — | — | -10,971,000Source | -32,635,000Source | -96,299,000Source | -39,779,000Source | -70,515,000Source | -601,207,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | 15,641,000Source | -97,340,000Source | -91,484,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | — | — | -106,371,000Source | 220,239,000Source |
| Interest ExpenseUSD | — | — | 117,120,000Source | 154,931,000Source | 136,701,000Source | 154,207,000Source | — | 131,714,000Source | — | 607,806,000Source | 643,225,000Source | 258,395,000Source |
| InterestExpenseOperatingUSD | — | — | 117,120,000Source | 154,931,000Source | 136,701,000Source | 154,207,000Source | 95,161,000Source | 131,714,000Source | 490,943,000Source | 607,806,000Source | — | — |
| Interest Expense, Securities Sold under Agreements to RepurchaseUSD | — | — | 89,891,000Source | 123,552,000Source | 110,288,000Source | 113,714,000Source | 74,527,000Source | 107,078,000Source | 388,341,000Source | 468,492,000Source | 474,292,000Source | 167,455,000Source |
| Interest Income (Expense), NetUSD | — | — | -23,505,000Source | -42,289,000Source | -19,619,000Source | -38,254,000Source | -6,511,000Source | -20,332,000Source | -78,945,000Source | -157,654,000Source | -162,861,000Source | 37,145,000Source |
| Labor and Related ExpenseUSD | — | — | 21,307,000Source | 20,180,000Source | 21,469,000Source | 21,244,000Source | 26,698,000Source | 26,589,000Source | 95,326,000Source | 89,753,000Source | 52,865,000Source | 40,723,000Source |
| LitigationSettlementLossUSD | — | — | 175,065,000Source | 0Source | — | — | — | — | 375,000,000Source | — | — | — |
| Management Fee ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -141,539,000Source | -250,572,000Source | -272,624,000Source | 44,222,000Source | 19,043,000Source | -92,645,000Source | -508,400,000Source | 249,983,000Source | -153,225,000Source | 185,578,000Source |
| Nonoperating Income (Expense)USD | — | — | -46,475,000Source | -335,901,000Source | -151,018,000Source | -23,806,000Source | -35,985,000Source | -164,860,000Source | -419,990,000Source | 6,823,000Source | -395,643,000Source | 464,154,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 23,051,000Source | 18,405,000Source | 21,307,000Source | 17,699,000Source | 22,749,000Source | 20,505,000Source | 90,162,000Source | 76,241,000Source | 62,313,000Source | 42,005,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 13,324,000Source | 11,784,000Source | 13,239,000Source | 11,784,000Source | 12,807,000Source | 13,186,000Source | 52,791,000Source | 47,136,000Source | 48,607,000Source | 53,607,000Source |
Filing attachments
tm2621794d1_ex99-1.htm · 8-K · 2026-08-25
EX-99.1 2 tm2621794d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TWO Completes Merger with CrossCountry Mortgage New York, August 25, 2026 - TWO (Two Harbors Investment Corp., NYSE: TWO), an MSR-focused REIT, and CrossCountry Mortgage, LLC (“CCM”), today announced that CCM has completed its previously announced acquisition of TWO. In connection with the closing of the merger, CrossCountry Merger Corp., a wholly owned subsidiary of CCM, merged with and into TWO, with TWO surviving the merger as …
Read attachment ↗tm2619671d1_ex99-1.htm · 8-K · 2026-07-06
EX-99.1 2 tm2619671d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TWO Stockholders Approve CrossCountry Merger TWO Common Stockholders to Receive $12.00 Per Share in Cash, Plus Pro-Rated Stub Dividend New York, July 2, 2026 - TWO (Two Harbors Investment Corp., NYSE: TWO), an MSR-focused REIT, today announced, based on the preliminary vote count, that its common stockholders voted to approve the previously announced merger with CrossCountry Mortgage, LLC (“CCM”) at the reconvened Special Meeting …
Read attachment ↗tm2618523d1_ex99-1.htm · 8-K · 2026-06-23
EX-99.1 2 tm2618523d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TWO Announces Adjournment of Special Meeting TWO Board Unanimously Recommends Stockholders Vote “FOR” the CCM Transaction Special Meeting of Stockholders Will Reconvene on July 2, 2026 at 10:00 a.m. Eastern Time Stockholders Who Previously Voted in Favor of the CCM Transaction Need Take No Action New York, June 23, 2026 - Two Harbors Investment Corp. (NYSE: TWO), an MSR-focused REIT, today announced an adjournment of its Special…
Read attachment ↗tm2615841d1_ex99-1.htm · 8-K · 2026-05-28
EX-99.1 2 tm2615841d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TWO Announces Adjournment of Special Meeting TWO Board Unanimously Recommends Stockholders Vote “FOR” the CCM Transaction Special Meeting of Stockholders Will Reconvene on June 11, 2026 at 10:00 a.m. Eastern Time Stockholders Who Previously Voted in Favor of the CCM Transaction Need Take No Action New York, May 28, 2026 - TWO (Two Harbors Investment Corp., NYSE: TWO), an MSR-focused REIT, today announced an adjournment of its Sp…
Read attachment ↗tm2615025d1_ex99-1.htm · 8-K · 2026-05-19
EX-99.1 2 tm2615025d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TWO Announces Adjournment of Special Meeting TWO Board Continues to Unanimously Recommend Stockholders Vote “FOR” the Pending CrossCountry Transaction The Special Meeting of Stockholders Will Reconvene on May 28, 2026 at 10:00 a.m. Eastern Time Stockholders Who Previously Voted in Favor of the CCM Transaction Need Take No Action New York, May 19, 2026 - TWO (Two Harbors Investment Corp., NYSE: TWO), an MSR-focused REIT, today a…
Read attachment ↗tm2612985d17_ex99-1.htm · 8-K · 2026-05-15
EX-99.1 2 tm2612985d17_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 UNITED STATES DISTRICT COURT DISTRICT OF MARYLAND (Northern Division) GEORGE ASSAD, individually, Plaintiff, v. TWO HARBORS INVESTMENT CORP. Case No. ____________ Serve on: CSC-Lawyers Incorporating Service Co. COMPLAINT FOR VIOLATIONS OF 7 St. Paul Street – Suite 820 SECTIONS …
Read attachment ↗