Invesco Mortgage Capital Inc. (NYSE:IVR) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET

Company Participants

Greg Seals - Investor Relations
John Anzalone - Chief Executive Officer
Kevin Collins - President
Mark Gregson - Interim Chief Financial Officer
David Lyle - Chief Operating Officer
Brian Norris - Chief Investment Officer

Conference Call Participants

Jason Weaver - JonesTrading
Trevor Cranston - JMP Securities
Jason Stewart - Janney Montgomery Scott
Eric Hagen - BTIG
Doug Harter - UBS Securities

Operator

Welcome to the Invesco Mortgage Capital's Third Quarter 2024 Earnings Call. All participants will be a in a listen-only mode until the question-and-answer session. [Operator Instructions] Also as a reminder, this call is being recorded.

Now I would like to turn the call over to Greg Seals, Investor Relations. Mr. Seals, you may begin.

Greg Seals

Thanks operator, and to all of you joining us on Invesco Mortgage Capital’s quarterly earnings call. In addition to today’s press release, we have provided a presentation that covers the topics we plan to address today. The press release and presentation are available on our website, invescomortgagecapital.com. This information can be found by going to the Investor Relations section of the website.

Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slide 2 of the presentation regarding these statements and measures, as well as the appendix for the appropriate reconciliations to GAAP.

Finally, Invesco Mortgage Capital is not responsible for and does not edit nor guarantee the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized webcasts are located on our website.

Again, welcome and thank you for joining us today. I'll now turn the call over to IVR’s CEO, John Anzalone.

John Anzalone

All right, thanks Greg. Good morning and welcome to Invesco Mortgage Capital’s third quarter earnings call. I’ll provide some brief comments before turning the call over to our Chief Investment Officer, Brian Norris, to discuss our portfolio in more detail. Also joining us on the call this morning for Q&A is our President, Kevin Collins; our COO, Dave Lyle; and our recently appointed Interim CFO, Mark Gregson, so welcome Mark.

During the quarter, interest rates dropped sharply across the curve as investors reacted to cooling inflation and the potential for slower economic activity signaled by a weakening labor market. These factors also led to a repricing of the market's expectations of future monetary policy.