Ellington Financial Inc.

Book value per common share of $13.61 as of June 30, 2026, including the effects of dividends of $0.39 per common share for the quarter.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Second Quarter 2026 Results 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, said Laurence Penn, Chief Executive Officer and President.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Together, these factors drove strong performance throughout the first half of 2026, during which we generated an annualized economic return of 20%, increased book value per share by $0.45, and generated ADE of $1.15, comfortably covering dividends of $0.78.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Treasury securities, adjusted for unsettled purchases and sales 9.2 1 9.0 1 (1) Includes borrowings under repurchase agreements, other secured borrowings, other secured borrowings, at fair value, and unsecured debt, at par.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

In setting our dividends, our Board of Directors considers our earnings, liquidity, financial condition, REIT distribution requirements, and financial covenants, along with other factors that the Board of Directors may deem relevant from time to time.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Recourse debt-to-equity ratio 2 of 1.9 1 as of June 30, 2026.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Excellent performance across most of the portfolio, led by our residential credit strategies including non-QM loans, Agency-eligible loans, residential transition loan retained tranches, closed-end second lien retained tranches, non-Agency RMBS, and forward MSR-related investments as well as CLOs, corporate debt and equity, and equity investments in loan originators.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

(3) Other activities include certain equity and other trading strategies and related hedges, and net realized and unrealized gains (losses) on foreign currency.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

About Ellington Financial Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Forward-looking statements are not historical in nature and can be identified by words such as believe, expect, anticipate, estimate, project, plan, continue, intend, should, would, could, goal, objective, will, may, seek or similar expressions or their negative forms, or by references to strategy, plans, or intentions.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Included in the Longbridge segment is also $17.0 million of litigation settlement income.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Forward-looking statements involve numerous risks and uncertainties.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

These beliefs, assumptions, and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of our Annual Report on Form 10-K, which can be accessed through our website at www.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and 8-K.

SEC original ↗Ellington Financial Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2026

Legal Proceedings 144 Item 1A.

SEC original ↗Ellington Financial Inc. — 10-Q Quarterly report10-QAug 10, 2026