Tax

Two Harbors Investment Corporation·Income Statement·35 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Income tax expense	$14.2M	-$10.5M	$30.9M	$431K	$1.7M	$1.2M	$5.6M	$4.1M
Deferred Income Tax Expense (Benefit)	-$12.1M	—	-$24.6M	$2.8M	$202K	$9.5M	—	-$4.1M
Cash Paid for Income Taxes	$3.5M	$41K	$5.6M	$3.7M	$5.6M	$3.8M	$11.4M	-$777K
Income Taxes Paid, Net	$3.5M	$41K	$5.6M	$3.7M	$5.6M	$3.8M	$11.4M	-$777K
Income Taxes Paid, Net	$3.5M	$41K	$5.6M	$3.7M	$5.6M	$3.8M	$11.4M	-$777K
Income and Other Taxes	$3.5M	$41K	$5.6M	$3.7M	$5.6M	$3.8M	$11.4M	-$777K
Effective Tax Rate (Continuing Operations)	$0	$0	$0	-$0	-$0	-$0	-$0	—
Effective Tax Rate	$0	$0	$0	-$0	-$0	-$0	-$0	—
Effective Tax Rate, Continuing Operations	$0	$0	$0	-$0	-$0	-$0	-$0	—
State and Local Income Taxes, Net	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Tax Reconciliation: Other Adjustments	—	—	6.3%	—	—	—	0.3%	—
Current State Tax Expense	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Effective Income Tax Rate, Continuing Operations	$0	$0	$0	-$0	-$0	-$0	-$0	—
Tax Reconciliation, Other Items	$0	$0	$0	$0	$0	$0	$0	—
Tax Reconciliation, State and Local Taxes	$0	$0	$0	$0	$0	$0	$0	—
Current State and Local Tax Expense (Benefit)	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Effective Tax Rate (Continuing Operations)	$0	$0	$0	-$0	-$0	-$0	-$0	—
Current State and Local Tax Expense	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Effective Tax Rate (Continuing Operations)	$0	$0	$0	-$0	-$0	-$0	-$0	—
Current State and Local Tax Expense (Benefit)	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Tax Reconciliation - Tax Exempt Income	—	—	16.1%	—	—	—	22.5%	—
Current Federal Tax Expense	$2.4M	$2.4M	$2.4M	$4.4M	$4.4M	$4.4M	$4.4M	—
Current State and Local Tax Expense	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Deferred Income Tax Expense (Benefit)	$8.4M	$8.4M	$8.4M	-$2.1M	-$2.1M	-$2.1M	-$2.1M	—
Deferred State and Local Tax Expense	$1.7M	$1.7M	$1.7M	-$768.5K	-$768.5K	-$768.5K	-$768.5K	—
Effective Tax Rate (Continuing Operations)	$0	$0	$0	-$0	-$0	-$0	-$0	—
Effective Income Tax Rate	$0	$0	$0	-$0	-$0	-$0	-$0	—
Tax Reconciliation: Other Adjustments	$5.4M	$5.4M	$5.4M	-$354.3K	-$354.3K	-$354.3K	-$354.3K	—
Current State and Local Tax Expense (Benefit)	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Effective Tax Rate, Continuing Operations	$0	$0	$0	-$0	-$0	-$0	-$0	—
Current State and Local Tax Expense (Benefit)	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Current State and Local Tax Expense	$837.8K	$837.8K	$837.8K	-$98.8K	-$98.8K	-$98.8K	-$98.8K	—
Effective Tax Rate Continuing Operations	$0	$0	$0	-$0	-$0	-$0	-$0	—
Tax Reconciliation Other Adjustments	$0	$0	$0	$0	$0	$0	$0	—
Tax Reconciliation State and Local Taxes	$0	$0	$0	$0	$0	$0	$0	—

Metrics

Tax

Breakdown

Metrics

Effective Tax Rate (Continuing Operations)

Effective Tax Rate

Cash Paid for Income Taxes

Effective Tax Rate, Continuing Operations

State and Local Income Taxes, Net

Tax Reconciliation: Other Adjustments

Current State Tax Expense

Effective Income Tax Rate, Continuing Operations

Tax Reconciliation, Other Items

Tax Reconciliation, State and Local Taxes

Current State and Local Tax Expense (Benefit)

Effective Tax Rate (Continuing Operations)

Income Taxes Paid, Net

Current State and Local Tax Expense

Income tax expense

Effective Tax Rate (Continuing Operations)

Current State and Local Tax Expense (Benefit)

Tax Reconciliation - Tax Exempt Income

Current Federal Tax Expense

Current State and Local Tax Expense

Deferred Income Tax Expense (Benefit)

Deferred State and Local Tax Expense

Effective Tax Rate (Continuing Operations)

Income Taxes Paid, Net

Effective Income Tax Rate

Tax Reconciliation: Other Adjustments

Current State and Local Tax Expense (Benefit)

Effective Tax Rate, Continuing Operations

Current State and Local Tax Expense (Benefit)

Income and Other Taxes

Current State and Local Tax Expense

Effective Tax Rate Continuing Operations

Tax Reconciliation Other Adjustments

Tax Reconciliation State and Local Taxes

Deferred Income Tax Expense (Benefit)