AGNC Investment Corp. (AGNC 1.28%), a real estate investment trust (REIT) focused on investing in Agency mortgage-backed securities (MBS), reported its second quarter results on July 21, 2025. The main story from the earnings release was a tangible net book value (TNBV) decline of 7.0% and net spread earnings that fell short of expectations. For the quarter, the company posted non-GAAP earnings per share of $0.38, below the$0.41 analyst estimate, and reported revenue of $830 million, which was less than th ...