AGNC (AGNC) Q4 2025 Earnings Call Transcript

Peter Federico: Good morning, everyone, and thank you for joining our fourth quarter earnings conference call. AGNC's 11.6% economic return in the fourth quarter drove our impressive full year economic return of 22.7%. This outstanding performance on an absolute and relative basis clearly demonstrates the value of AGNC's actively managed portfolio of agency mortgage-backed securities and associated hedges.