Firm Capital Mortgage Investment (FC) Q2 2026 earnings summary

Executive summary

• Q2 net income declined 10.7% YoY and H1 net income fell 12.2%, primarily due to a smaller average investment portfolio and lower average portfolio yields.

• Gross portfolio value was $605.8 million at June 30, down 0.8% from year-end 2025; 56.1% of gross carrying amount matures by December 31, 2026.

Financial highlights

• Q2 2026 net income was $8.64 million vs. $9.67 million in Q2 2025; H1 net income was $17.25 million vs. $19.65 million.

• Q2 basic weighted average EPS was $0.235 vs. $0.263 YoY; Q2 distributions totaled $0.234 per share.

• Q2 declared common-share dividends totaled $8.60 million, or $0.234 per share, compared with $8.60 million and $0.234 per share in Q2 2025.

Outlook and guidance

• Monthly cash dividends of $0.078 per common share were declared for October and November 2026, subject to board adjustment; payment dates are November 16 and December 15, respectively.

• 56.1% of gross portfolio carrying amount matures by December 31, 2026.