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THE PREMIER AGENCY RESIDENTIAL MORTGAGE REIT © 2026 AGNC Investment Corp. All Rights Reserved. 2026 STOCKHOLDER PRESENTATION OCTOBER 20, 2026 Q3
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2 Safe harbor statement under the private securities litigation reform act of 1995 IMPORTANT NOTICES This presentation contains statements that, to the extent they are not recitations of historical fact, constitute ”forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). All such forward-looking statements are intended to be subject to the safe harbor protection provided by the Reform Act. Actual outcomes and results could differ materially from such forecasts due to the impact of many factors beyond the control of AGNC Investment Corp. (“AGNC” or the “Company”). All forward-looking statements included in this presentation are made only as of the date of this presentation and are subject to change without notice. Certain important factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in our periodic reports filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website at www.sec.gov. AGNC disclaims any obligation to update such forward-looking statements unless required by law. The following slides contain summaries of certain financial and statistical information about AGNC. They should be read in conjunction with our periodic reports that are filed from time to time with the SEC. Historical results discussed in this presentation are not indicative of future results.
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3 CAPITAL STRUCTURE HIGHLIGHTS AGNC Preferred Stock Preferred Stock3 Structure Issue Date Ticker Annual Dividend Rate1 Depositary Shares Outstanding6 Aggregate Liquidation Preference Series C4 Fixed-to-Floating Rate Aug 22, 2017 AGNCN 9.43377% 13.0 Million $325 Million Series D4 Fixed-to-Floating Rate Mar 6, 2019 AGNCM 8.65477% 9.4 Million $235 Million Series E4 Fixed-to-Floating Rate Oct 3, 2019 AGNCO 9.31577% 16.1 Million $403 Million Series F4 Fixed-to-Floating Rate Feb 11, 2020 AGNCP 9.01977% 23.0 Million $575 Million Series G5 Fixed-Rate Reset Sept 14, 2022 AGNCL 7.750% 6.0 Million $150 Million Series H Fixed-Rate Sept 10, 2025 AGNCZ 8.750% 13.8 Million $345 Million AGNC Common Stock Ticker Nasdaq: AGNC IPO Date May 2008 Market Capitalization $11.4 B Total Dividends Paid Since IPO1 $16.8 B Total Stock Return Since IPO2 518% Dividend Yield 15.9% THE OBJECTIVE Favorable long-term stockholder returns with a substantial dividend yield component THE OPPORTUNITY Agency-guaranteed residential MBS investments paired with highly attractive funding THE IMPACT Permanent capital supporting American homeownership across generations Note: Information as of Sep 30, 2026 unless otherwise indicated. Detailed endnotes are included at the end of this presentation.
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4 Q3 2026 HIGHLIGHTS Note: Per share amounts included throughout this presentation are per share of common stock, unless otherwise indicated. Income and loss per share amounts included throughout this presentation are per diluted common share, unless otherwise indicated. Detailed endnotes are included at the end of this presentation. Key Metrics $7.13 $(1.28) $0.37 Tangible Net Book Value Per Share1 Comprehensive Loss Per Share Net Spread and Dollar Roll Income Per Share2 Performance (12.7)% $0.36 $(1.45) Economic Return3 Dividends Declared Per Share Change in Tangible Net Book Value Per Share Capital Highlights 15.9% $9.5 B $992 MM Dividend Yield4 Total Common Equity Capital1 Common Equity Issued ATM Offerings
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5 $97.2 B $94.4 B 6/30/26 9/30/26 4.89% 4.95% 2Q26 3Q26 Assets Q3 2026 OTHER HIGHLIGHTS Funding and Leverage Risk Management 6.7% 8.2% Avg. Projected Portfolio Life CPR Actual Q3 Portfolio CPR Average Asset Yield2Portfolio1 3.74% 3.77% 2Q26 3Q26 Average Repo Cost4Leverage3 7.4x 7.9x 6/30/26 9/30/26 73% 90% 6/30/26 9/30/26 Hedge Ratio6 Duration Gap7 0.7 Years 0.8 Years 6/30/26 9/30/26 $6.3 B 57% Unencumbered Cash & Agency MBS % of Tangible Equity 2.89% 3.09% 2Q26 3Q26 Average Cost of Funds5 Note: Amounts on slide are as of period end unless otherwise noted. Detailed endnotes are included at the end of this presentation.
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6 MARKET HIGHLIGHTS1 Asset Yields: Current Coupon (CC) Agency MBS Spreads: CC Agency MBS Spread to UST and Swaps Interest Rates: Select UST Yields Interest Rate Volatility: MOVE Index 6.44% 5.88% 9/30/25 12/30/25 3/31/26 7/1/26 9/30/26 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 125 158 9/30/25 12/30/25 3/31/26 7/1/26 9/30/26 75 100 125 150 175 200 225 5.63% 5.29% 4.89% 9/30/25 12/30/25 3/31/26 7/1/26 9/30/26 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 110 9/30/25 12/30/25 3/31/26 7/1/26 9/30/26 40 60 80 100 120 140 Detailed endnotes are included at the end of this presentation. (bps)Q3 Change: 30 year CC Yield +103 bps Q3 Change: 15 year CC Yield +104 bps Q3 Change: 5/10 Yr Swap Spread +16 bps Q3 Change: 5/10 Yr UST Spread +18 bps Q3 Change: 30 year UST +68 bps Q3 Change: 10 year UST +82 bps Q3 Change +38 Q3 Change: 2 year UST +71 bps
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7 MARKET UPDATE Q3 2026 x Q3 2026 Security 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 ∆ Rate % / Price2 x Security 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 ∆ Rate % / Price2 SOFR Swap Rates1 x Treasury Rates1 2 Yr Swap 3.40% 3.31% 3.62% 4.02% 4.75% +0.73 %/ -1.36 x 2 Yr UST 3.61% 3.48% 3.80% 4.18% 4.89% +0.71 %/ -1.34 5 Yr Swap 3.39% 3.46% 3.62% 3.93% 4.81% +0.88 %/ -3.87 x 5 Yr UST 3.74% 3.73% 3.94% 4.23% 5.09% +0.86 %/ -3.74 10 Yr Swap 3.66% 3.80% 3.87% 4.05% 4.90% +0.85 %/ -6.68 x 10 Yr UST 4.15% 4.17% 4.32% 4.47% 5.29% +0.82 %/ -6.06 30 Yr Swap 3.93% 4.17% 4.13% 4.21% 4.96% +0.75 %/ -11.66 x 30 Yr UST 4.73% 4.85% 4.91% 4.95% 5.63% +0.68 %/ -9.18 x x x Agency 30 Year Fixed Rate MBS Price3 x Mortgage Rates and Spreads4 2.50% 84.25 84.63 84.16 83.71 77.74 -5.97 CC to 5 Yr UST 146 131 144 118 135 +17 3.00% 87.85 88.50 87.97 87.40 81.37 -6.03 CC to 10 Yr UST 105 87 106 94 115 +21 3.50% 91.40 92.53 91.67 90.95 84.59 -6.36 x CC to 2/5/10 Yr UST 137 125 136 112 135 +23 4.00% 94.27 94.95 94.28 93.63 87.08 -6.55 x CC to 2/5/10 Yr Swap 172 152 168 141 162 +21 4.50% 97.02 97.70 96.48 96.02 89.72 -6.30 x 30 Yr Agency CC 5.20% 5.04% 5.38% 5.41% 6.44% 1.03% 5.00% 99.19 99.83 98.59 98.41 92.50 -5.91 30 Yr Mortgage Rate 6.32% 6.16% 6.35% 6.45% 7.39% 0.94% 5.50% 100.84 101.45 100.44 100.44 95.28 -5.16 CMBS AAA 77 78 80 71 75 +4 6.00% 102.16 102.69 101.91 102.23 97.96 -4.27 CDX IG 52 50 63 51 60 +9 6.50% 103.34 103.94 103.44 103.46 100.47 -2.99 x CDX HY 318 314 383 303 338 +35 Note: Price information is provided for illustrative purposes only, is for generic instruments and is not meant to be reflective of securities held by AGNC. Prices can vary materially depending on the source. Detailed endnotes are included at the end of this presentation.
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8 30 Year - $88.7 B Portfolio (94% of Total) as of 9/30/26 ($ In Millions) Coupon FMV % Specified Pool %2 WALA4 Oct ’26 1 M Actual CPR3 12 M Forecast CPR5 Life Forecast CPR5 ≤ 3.0% $1,809 2% 97% 63 7% 5% 6% 3.5% 2,832 3% 100% 129 7% 6% 6% 4.0% 3,968 4% 99% 112 8% 6% 6% 4.5% 11,898 13% 51% 34 5% 5% 6% 5.0% 29,827 34% 76% 18 5% 5% 6% 5.5% 21,388 24% 100% 23 8% 6% 7% 6.0% 12,004 14% 100% 22 10% 7% 8% ≥ 6.5% 2,896 3% 99% 27 15% 10% 10% 30 Year MBS 86,622 98% 85% 32 7% 6% 7% Net TBA 2,108 2% N/A N/A N/A N/A N/A Total 30 Year $88,730 100% 83% N/A N/A N/A N/A PORTFOLIO SUMMARY Investment Securities 1 ($ In Millions) September 30, 2026 June 30, 2026 Security Type FMV % FMV % Fixed Rate Agency MBS & TBA 30 Year MBS $86,622 92% $82,059 85% 30 Year TBA 2,108 2% 9,459 10% 15 & 20 Year MBS & TBA 512 1% 544 1% Total 89,242 95% 92,062 95% Other Agency MBS Multifamily 3,563 4% 3,446 4% ARM 778 1% 815 1% CMO 179 —% 189 —% Total 4,520 5% 4,450 5% Credit Securities CRT 515 1% 573 1% CMBS 9 —% 9 —% Non-Agency RMBS 14 —% 15 —% Total 538 1% 597 1% Total Investment Securities $94,300 100% $97,109 100% Investment Securities ▪ $94.3 B investment portfolio as of Sep 30, 2026, a decrease of $(2.8) B from Jun 30, 2026 1 ▪ As of Sep 30, 2026, fixed rate Agency MBS and TBA securities had a weighted average coupon of 5.13%, compared to 5.04% as of Jun 30, 2026 ▪ Pools backed by loans with favorable prepayment characteristics (“Specified Pools”) totaled 83% of the Agency fixed rate portfolio as of Sep 30, 2026, compared to 79% as of Jun 30, 2026 2 Detailed endnotes are included at the end of this presentation. 10.5% 8.6% 8.9% 8.5% 7.3% 7.0% 5/1/26 6/1/26 7/1/26 8/1/26 9/1/26 10/1/26 0% 2% 4% 6% 8% 10% 12% AGNC Actual CPR3
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9 FINANCING SUMMARY Investment Securities Repurchase Agreements1 As of Sep 30, 2026 Maturity (Months) % Amount ($ MM) Interest Rate Days to Maturity ≤ 3 100% $85,703 3.95% 10 Total / Wtd Avg 100% $85,703 3.95% 10 Average Cost of Funds2 For Q3 2026 % Amount ($ MM) Interest Rate Investment Securities Repo 92% $82,362 3.77% TBA Funding 8% 6,809 3.64% Total Funding Liabilities 100% $89,171 3.76% Interest Rate Swaps 83% $73,619 (0.67)% Total Avg. Cost of Funds N/A N/A 3.09% Repo Funding1 ▪ As of Sep 30, 2026, our repo cost was 3.95%, compared to 3.75% as of Jun 30, 2026, and the average maturity was 10 days compared to 13 days, respectively ▪ Our average repo cost was 3.77% for the third quarter, compared to 3.74% for the second quarter Broker-Dealer Funding ▪ $45.7 B of repo funded through captive broker- dealer subsidiary, Bethesda Securities, as of Sep 30, 2026, compared to $42.4 B as of Jun 30, 2026 Cost of Funds ▪ Our total cost of funds, inclusive of our TBA dollar roll funding and interest rate swaps, for the third quarter was 3.09%, compared to 2.89% for the second quarter Detailed endnotes are included at the end of this presentation.
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10 HEDGING PORTFOLIO Interest Rate Swaps Years to Maturity Notional Amt ($ MM) Pay Rate Receive Rate Avg Maturity (Years) ≤ 1 $3,750 0.26% 3.90% 0.6 > 1 to ≤ 3 31,271 2.85% 3.90% 1.6 > 3 to ≤ 5 8,250 2.58% 3.90% 4.0 > 5 to ≤ 7 15,896 3.30% 3.90% 6.2 > 7 to ≤ 10 13,671 3.59% 3.90% 8.5 > 10 1,770 4.47% 3.90% 12.5 Total Pay Fixed $74,608 2.96% 3.90% 4.3 Note: Information as of Sep 30, 2026 unless otherwise indicated. Detailed endnotes are included at the end of this presentation. Option Hedges Option Notional Amt ($ MM) Strike Rate Expiration (Years) Swap Term (Years) Receiver Swaptions $6,250 4.04% 0.7 9.3 Hedge Portfolio Summary $ in MM Amount (Long)/Short Duration2 % of Total Amount Swap and Treasury Hedges: Interest Rate Swaps $74,608 (3.5) 94% Long Treasuries (19,895) 2.7 (25)% Short Treasuries 30,983 (8.0) 39% Total 85,696 (5.3) 108% Option Hedges: Receiver Swaptions (6,250) 1.2 (8)% Total (6,250) 1.2 (8)% Total Hedge Portfolio3 $79,446 (4.7) 100% Hedge Portfolio ▪ Our hedge portfolio totaled $79.4 B and covered 90% of our funding liabilities1 as of Sep 30, 2026, compared to 73% as of Jun 30, 2026 ▪ Excluding option-based hedges, our hedge portfolio covered 97% of our funding liabilities as of Sep 30, 2026, compared to 82% as of Jun 30, 2026 Interest Rate Swaps ▪ $74.6 B pay fixed swaps as of Sep 30, 2026, an increase of $0.9 B from Jun 30, 2026 U.S. Treasury Securities and Futures ▪ $11.1 B net short Treasury position as of Sep 30, 2026, compared to $2.1 B net short position as of Jun 30, 2026 Receiver Swaptions ▪ $6.3 B receiver swaptions as of Sep 30, 2026, compared to $7.8 B as of Jun 30, 2026
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FINANCIAL RESULTS
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12 BALANCE SHEETS ($ in millions, except per share data, unaudited except 12/31/25) 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 Agency Securities, at Fair Value $91,394 $86,784 $84,447 $81,003 $76,198 Agency Securities Transferred to Consolidated Variable Interest Entities, at Fair Value — — — 85 88 Credit Risk Transfer Securities, at Fair Value 515 573 593 606 609 Non-Agency Securities, at Fair Value, and Other Mortgage Credit Investments 95 94 93 95 97 U.S. Treasury Securities, at Fair Value 13,028 12,325 12,582 13,477 5,927 Cash and Cash Equivalents 468 457 493 450 450 Restricted Cash 1,765 1,329 1,864 1,292 1,461 Derivative Assets, at Fair Value 851 260 178 169 145 Receivable for Investment Securities Sold 230 401 — 152 1,502 Receivable under Reverse Repurchase Agreements 23,826 18,433 17,644 16,615 21,399 Goodwill 526 526 526 526 526 Other Assets 734 578 477 607 567 Total Assets $133,432 $121,760 $118,897 $115,077 $108,969 Repurchase Agreements $96,719 $89,808 $87,616 $85,286 $74,152 Debt of Consolidated Variable Interest Entities, at Fair Value — — — 56 58 Payable for Investment Securities Purchased 279 312 933 193 1,225 Derivative Liabilities, at Fair Value 646 137 440 6 87 Dividends Payable 197 184 182 182 170 Obligation to Return Securities Borrowed under Reverse Repurchase Agreements, at Fair Value 23,542 18,150 17,032 16,452 20,802 Accounts Payable and Other Liabilities 489 626 513 509 1,031 Total Liabilities 121,872 109,217 106,716 102,684 97,525 Preferred Equity at Aggregate Liquidation Preference 2,033 2,033 2,033 2,033 2,033 Common Equity 9,527 10,510 10,148 10,360 9,411 Total Stockholders’ Equity 11,560 12,543 12,181 12,393 11,444 Total Liabilities and Stockholders’ Equity $133,432 $121,760 $118,897 $115,077 $108,969x x x x x x Other Supplemental Data: x x x x x Net Long TBA and Forward Settling Securities, at Fair Value1 $2,368 $9,728 $9,548 $12,988 $13,841 Tangible Net Book Value “At Risk” Leverage2 7.9x 7.4x 7.4x 7.2x 7.6x Tangible Net Book Value Per Common Share3 $7.13 $8.58 $8.38 $8.88 $8.28 Detailed endnotes are included at the end of this presentation.
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13 ($ in millions, except per share data) (Unaudited) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Interest Income $1,196 $1,014 $1,050 $944 $903 Interest Expense (794) (709) (731) (738) (755) Net Interest Income 402 305 319 206 148 Realized (Loss) Gain on Sale of Investment Securities, Net (17) (16) 74 (26) (81) Unrealized (Loss) Gain on Investment Securities Measured at Fair Value through Net Income, Net (5,015) (90) (889) 475 805 Gain (Loss) on Derivative Instruments and Other Investments, Net 3,301 485 382 340 (36) Total Other (Loss) Gain, Net (1,731) 379 (433) 789 688 Compensation and Benefits (16) (19) (23) (30) (20) Other Operating Expenses (12) (11) (11) (11) (10) Total Operating Expenses (28) (30) (34) (41) (30) Net Income (Loss) (1,357) 654 (148) 954 806 Dividend on Preferred Stock (45) (44) (44) (46) (42) Net Income (Loss) Available (Attributable) to Common Stockholders $(1,402) $610 $(192) $908 $764 x x x x x x Net Income (Loss) $(1,357) $654 $(148) $954 $806 Unrealized (Loss) Gain on Available-for-Sale Securities Measured at Fair Value through Other Comprehensive Income, Net (140) (7) (8) 66 61 Comprehensive Income (Loss) $(1,497) $647 $(156) $1,020 $867 Dividend on Preferred Stock (45) (44) (44) (46) (42) Comprehensive Income (Loss) Available (Attributable) to Common Stockholders $(1,542) $603 $(200) $974 $825 x x x x x x Weighted Average Common Shares Outstanding – Basic 1,200.5 1,157.6 1,122.6 1,089.3 1,053.0 Weighted Average Common Shares Outstanding – Diluted 1,200.5 1,162.0 1,122.6 1,094.6 1,056.6 Net Income (Loss) per Common Share – Basic $(1.17) $0.53 $(0.17) $0.83 $0.73 Net Income (Loss) per Common Share – Diluted $(1.17) $0.52 $(0.17) $0.83 $0.72 Comprehensive Income (Loss) per Common Share – Basic $(1.28) $0.52 $(0.18) $0.89 $0.78 Comprehensive Income (Loss) per Common Share – Diluted $(1.28) $0.52 $(0.18) $0.89 $0.78 Dividends Declared per Common Share $0.36 $0.36 $0.36 $0.36 $0.36 INCOME STATEMENTS
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14 RECONCILIATION OF GAAP COMPREHENSIVE INCOME (LOSS) TO NET SPREAD AND DOLLAR ROLL INCOME (A NON-GAAP MEASURE) ($ in millions, except per share data) (Unaudited) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Comprehensive Income (Loss) Available (Attributable) to Common Stockholders $(1,542) $603 $(200) $974 $825 Adjustments to Exclude Realized and Unrealized (Gains) Losses Reported Through Net Income: Realized (Gain) Loss on Sale of Investment Securities, Net 17 16 (74) 26 81 Unrealized (Gain) Loss on Investment Securities Measured at Fair Value through Net Income, Net 5,015 90 889 (475) (805) (Gain) Loss on Derivative Instruments and Other Investments, Net (3,301) (485) (382) (340) 36 Adjustment to Exclude Unrealized (Gains) Losses Reported Through Other Comprehensive Income: Unrealized (Gain) Loss on Available-for-Sale Securities Measured at Fair Value through Other Comprehensive Income, Net 140 7 8 (66) (61) Other Adjustments: Estimated “Catch Up” Premium Amortization Cost (Benefit) due to Change in CPR Forecast1 (66) 5 (5) 7 14 TBA Dollar Roll Income2,3 28 44 51 27 23 Interest Rate Swap Periodic Income2 153 179 182 217 245 Other Interest Income (Expense), Net2,4 — 3 6 9 7 Net Spread and Dollar Roll Income Available to Common Stockholders 5 444 462 475 379 365 Weighted Average Common Shares Outstanding – Basic 1,200.5 1,157.6 1,122.6 1,089.3 1,053.0 Weighted Average Common Shares Outstanding – Diluted 1,205.1 1,162.0 1,127.3 1,094.6 1,056.6 Net Spread and Dollar Roll Income per Common Share – Basic $0.37 $0.40 $0.42 $0.35 $0.35 Net Spread and Dollar Roll Income per Common Share – Diluted $0.37 $0.40 $0.42 $0.35 $0.35 Note: Table includes non-GAAP financial measures. Please refer to additional information regarding non-GAAP financial measures at the end of this presentation. Detailed endnotes are included at the end of this presentation.
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15 NET INTEREST SPREAD COMPONENTS BY FUNDING SOURCE $ in millions (Unaudited) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Adjusted Net Interest and Dollar Roll Income: Economic Interest Income: x x x x x Investment Securities - GAAP Interest Income $1,196 $1,014 $1,050 $944 $903 Estimated “Catch-Up“ Premium Amortization Cost (Benefit) due to Change in CPR Forecast1 (66) 5 (5) 7 14 TBA Dollar Roll Income - Implied Interest Income2,3 91 155 140 169 135 Economic Interest Income $1,221 $1,174 $1,185 $1,120 $1,052 Economic Interest Expense:5 Repurchase Agreements and Other Debt - GAAP Interest Expense $(794) $(709) $(731) $(738) $(755) TBA Dollar Roll Income - Implied Interest Expense2,4 (63) (111) (89) (142) (112) Interest Rate Swap Periodic Income2 153 179 182 217 245 Economic Interest Expense $(704) $(641) $(638) $(663) $(622) Adjusted Net Interest and Dollar Roll Income $517 $533 $547 $457 $430 Net Interest Spread: Average Asset Yield: x x x x x Investment Securities - Average Asset Yield 5.21% 4.87% 4.95% 4.87% 4.83% Estimated “Catch-Up“ Premium Amortization Cost (Benefit) due to Change in CPR Forecast (0.29)% 0.02% (0.02)% 0.03% 0.08% Investment Securities Average Asset Yield, Excluding “Catch-Up“ Amortization 4.92% 4.89% 4.93% 4.90% 4.91% TBA Securities - Average Implied Asset Yield 3 5.37% 4.87% 5.42% 4.91% 5.31% Average Asset Yield6 4.95% 4.89% 4.98% 4.91% 4.95% Average Total Cost of Funds:5 Repurchase Agreements and Other Debt - Average Funding Cost 3.77% 3.74% 3.79% 4.13% 4.43% TBA Securities - Average Implied Funding Cost4 3.64% 3.46% 3.45% 4.03% 4.31% Average Cost of Funds, Before Interest Rate Swap Periodic Income6 3.76% 3.70% 3.75% 4.11% 4.42% Interest Rate Swap Periodic Income7 (0.67)% (0.81)% (0.83)% (1.01)% (1.25)% Average Total Cost of Funds6 3.09% 2.89% 2.92% 3.10% 3.17% Net Interest Spread 1.86% 2.00% 2.06% 1.81% 1.78% Note: Table includes non-GAAP financial measures. Please refer to additional information regarding non-GAAP financial measures at the end of this presentation. Detailed endnotes are included at the end of this presentation.
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SUPPLEMENTAL SLIDES
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17 $73.1 $73.3 $78.9 $82.3 $90.8 $94.8 $94.7 $97.2 $94.4 $69.0 $66.4 $71.4 $74.0 $77.0 $81.8 $85.1 $87.5 $92.0 $4.1 $6.9 $7.5 $8.3 $13.8 $13.0 $9.5 $9.7 $2.4 MBS TBA 9/30/2412/31/243/31/256/30/259/30/2512/31/253/31/266/30/269/30/26 $0 $20 $40 $60 $80 $100 AGNC HISTORICAL OVERVIEW Tangible Net Book Value “At Risk“ Leverage2 Agency MBS Fixed Rate Securities3 Hedge Ratio4 Asset Composition ($ B)1 7.2x 7.2x 7.5x 7.6x 7.6x 7.2x 7.4x 7.4x 7.9x 9/30/2412/31/243/31/256/30/259/30/2512/31/253/31/266/30/269/30/26 5.0x 6.0x 7.0x 8.0x 100% 100% 100% 100% 100% 100% 99% 100% 100% —% —% —% —% —% —% 1% —% —% 30 Yr MBS/TBA 15 Yr MBS/TBA 9/30/2412/31/243/31/256/30/259/30/2512/31/253/31/266/30/269/30/26 0% 20% 40% 60% 80% 100% 72% 91% 91% 89% 68% 69% 75% 73% 90% 9/30/2412/31/243/31/256/30/259/30/2512/31/253/31/266/30/269/30/26 40% 50% 60% 70% 80% 90% 100% 110% Detailed endnotes are included at the end of this presentation.
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18 $8.82 $8.41 $8.25 $7.81 $8.28 $8.88 $8.38 $8.58 $7.13 9/30/2412/31/243/31/256/30/259/30/2512/31/253/31/266/30/269/30/26 0 5 10 Comprehensive Income (Loss) per Common Share Dividends per Common Share Tangible Net Book Value per Common Share1 Economic Return2 $0.63 $(0.11) $0.12 $(0.13) $0.78 $0.89 $(0.18) $0.52 $(1.28) Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 (2.00) (1.50) (1.00) (0.50) 0.00 0.50 1.00 1.50 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 $0.36 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 0.00 0.10 0.20 0.30 0.40 0.50 9.3% (0.6)% 2.4% (1.0)% 10.6% 11.6% (1.6)% 6.7% (12.7)% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 (20)% (15)% (10)% (5)% 0% 5% 10% 15% AGNC HISTORICAL OVERVIEW (CONTINUED) Detailed endnotes are included at the end of this presentation.
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19 Average Asset Yield1 Average Cost of Funds2 Net Interest Spread1,2 Net Spread and TBA Dollar Roll Income per Share3 4.73% 4.80% 4.87% 4.87% 4.95% 4.91% 4.98% 4.89% 4.95% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 2.52% 2.89% 2.75% 2.86% 3.17% 3.10% 2.92% 2.89% 3.09% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 2.21% 1.91% 2.12% 2.01% 1.78% 1.81% 2.06% 2.00% 1.86% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% $0.43 $0.37 $0.44 $0.38 $0.35 $0.35 $0.42 $0.40 $0.37 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 0.00 0.20 0.40 0.60 Detailed endnotes are included at the end of this presentation. AGNC HISTORICAL OVERVIEW (CONTINUED)
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20 $ in millions – as of Sep 30, 2026 FIXED RATE AGENCY SECURITIES – MBS AND NET TBA POSITION MBS Coupon Par Value1 Market Value1 Specified Pools2 Weighted Average Coupon1 MBS Amortized Cost Basis3 MBS WALA (Months)3,4 MBS Actual 1 Month CPR3,5 Duration (Years)1,6 ≤15 Year Mortgage Securities 2.0% $26 $23 100% 2.00% 102.3% 69 6% 3.3 2.5% 4 4 100% 2.50% 99.6% 162 16% 0.7 3.0% 12 12 100% 3.00% 100.6% 156 22% 0.9 3.5% 3 3 100% 3.50% 100.7% 156 16% 0.9 4.0% — — —% —% —% — —% — ≥ 4.5% 289 282 8% 5.23% 102.8% 12 5% 4.0 Subtotal ≤15 Year $334 $324 20% 4.85% 101.9% 75 10% 3.8 20 Year Mortgage Securities 2.5% $22 $19 100% 2.50% 103.8% 78 1% 5.0 3.0% 19 17 100% 3.00% 103.2% 86 13% 4.3 3.5% 66 63 81% 3.50% 101.4% 156 10% 2.5 4.0% 43 40 99% 4.00% 103.3% 112 6% 3.5 ≥ 4.5% 51 49 97% 4.65% 104.4% 104 12% 3.4 Subtotal 20 Year $201 $188 92% 3.74% 103.0% 118 9% 3.4 30 Year Mortgage Securities ≤ 3.0% $3,484 $2,751 64% 2.54% 95.7% 63 7% 6.8 3.5% 3,229 2,832 100% 3.50% 103.6% 129 7% 5.6 4.0% 4,424 3,968 99% 4.00% 105.6% 112 8% 5.7 4.5% 8,516 7,731 79% 4.50% 98.4% 34 5% 6.3 5.0% 28,062 26,150 87% 5.00% 99.0% 18 5% 6.1 5.5% 28,716 27,544 77% 5.50% 100.5% 23 8% 5.5 6.0% 13,131 12,969 93% 6.00% 102.3% 22 10% 4.8 ≥ 6.5% 4,742 4,785 60% 6.51% 103.9% 27 15% 4.0 Subtotal 30 Year $94,304 $88,730 83% 5.13% 100.3% 32 7% 5.6 Total Fixed $94,839 $89,242 83% 5.13% 100.3% 32 7% 5.6 Detailed endnotes are included at the end of this presentation.
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21 U.S. TREASURY HEDGES U.S. Treasury Position Net Long / (Short) As of Sep 30, 2026 ($ MM) Years to Maturity Face Amount Market Value ≤5 $12,639 $12,512 >5 to ≤7 3,292 3,446 >7 to ≤10 (22,362) (21,285) >10 (5,872) (5,761) Total $(12,303) $(11,088) U.S. Treasury Position as of Sep 30, 2026 ▪ $10.5 B short U.S. Treasury securities, net ▪ $0.6 B short U.S. Treasury futures, net Q3 Average U.S. Treasury Securities Position 1 ▪ $19.6 B average short U.S. Treasury securities, with an average yield of 4.29% ▪ $12.9 B average long U.S. Treasury securities, with an average yield of 3.71% Q3 Average U.S. Treasury Futures Position 1 ▪ $6.1 B average short U.S. Treasury futures, with an average implied yield of 4.91% 2 ▪ $8.9 B average long U.S. Treasury futures, with an average implied yield of 4.32% 2 Q3 Average Implied U.S. Treasury Funding Cost ▪ 3.67% average implied funding costs 3 U.S. Treasury Position As of Sep 30, 2026 ($ MM) Long / (Short) Face Amount Market Value Yield 2 Securities: Short $(25,175) $(23,542) 4.48% Long 13,375 13,028 3.76% Futures Contracts: Short $(7,170) $(7,441) 5.57% Long 6,667 6,867 5.13% Detailed endnotes are included at the end of this presentation.
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22 DURATION RISK Duration Gap Sensitivity1,2 As of Sep 30, 2026 Rates Duration Rates - 100 bps 9/30/2026 + 100 bps Mortgage Assets: 3 30-Year MBS 4.5 5.6 6.1 15-Year MBS and Other Securities 4.4 4.5 4.5 Total Mortgage Assets 4.5 5.5 6.0 Liabilities and Hedges (4.6) (4.7) (4.8) Net Duration Gap (0.1) 0.8 1.2 Detailed endnotes are included at the end of this presentation.
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23 Changes in interest rates and MBS spreads relative to our hedges can impact the market value of our portfolio and tangible common equity NAV SENSITIVITY TO RATES AND MBS SPREADS Interest Rate Sensitivity1 As of Sep 30, 2026 (based on instantaneous parallel shift in interest rates) Interest Rate Shock (bps) Estimated Change in Portfolio Market Value2 Estimated Change in Tangible Common Equity -75 0.5% 4.8% -50 0.4% 3.7% -25 0.2% 2.1% +25 (0.2)% (2.3)% +50 (0.5)% (4.9)% +75 (0.7)% (7.7)% MBS Spread Sensitivity (“Basis Risk”)1 As of Sep 30, 2026 MBS Spread Shock (bps) Estimated Change in Portfolio Market Value2 Estimated Change in Tangible Common Equity -50 2.8% 28.9% -25 1.4% 14.4% -10 0.6% 5.8% +10 (0.6)% (5.8)% +25 (1.4)% (14.4)% +50 (2.8)% (28.9)% Interest Rate Sensitivity MBS Spread Sensitivity (“Basis Risk”) ▪ The estimated sensitivity of our assets, net of hedges, to changes in interest rates ▪ The estimated sensitivity of our assets, net of hedges, to changes in Agency MBS spreads ▪ Based on model predictions assuming an instantaneous parallel shift in interest rates, no portfolio rebalancing actions, and interest rates and MBS prices as of Sep 30, 2026 ▪ Based on model predictions assuming a spread duration of 5.5 years, and interest rates and MBS prices as of Sep 30, 2026 Detailed endnotes are included at the end of this presentation.
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24 ENDNOTES Slide 3 1. As of Oct 15, 2026. 2. Total stock return includes common stock price appreciation and dividend reinvestment. Dividends assumed to be reinvested at the closing price on the ex-dividend date. Source Bloomberg. 3. Series C, D, E, F, G and H preferred stock are redeemable at the Company’s option, in whole or in part, at their liquidation preference of $25 per depositary share, plus any accumulated and unpaid dividends, on or after Oct 15, 2022, Apr 15, 2024, Oct 15, 2024, Apr 15, 2025, Oct 15, 2027 and Oct 15, 2030, respectively. 4. The Series C, D, E and F annualized dividend rate is as of the most recent dividend determination date. The Series C, D,E and F accrue at a floating rate equal to 3-Month CME Term SOFR plus 0.26161%, plus a spread of 5.111%, 4.332%, 4.993% and 4.697% respectively, per annum. 5. At the conclusion of the Series G initial fixed rate period on Oct 15, 2027, and every five years thereafter, the Series G dividend rate will reset to a rate equal to the five-year US Treasury rate plus a spread of 4.39%, per annum. 6. Each depositary share outstanding represents a 1/1,000th interest in a share of preferred stock. Slide 4 1. As of Sep 30, 2026. Tangible Net Book Value Per Share and Total Common Equity Capital are net of the preferred stock liquidation preference. Tangible Net Book Value Per Share excludes goodwill. 2. Net Spread and Dollar Roll Income Per Share represents a non-GAAP measure. Refer to supplemental slides 14 and 27 in this presentation for a reconciliation and further discussion of non-GAAP measures. 3. Economic Return represents the sum of the change in tangible net book value per common share and dividends declared on common stock during the period over the beginning tangible net book value per common share. 4. Dividend yield as of Sep 30, 2026. Slide 5 1. Portfolio includes net long position in forward purchases and sales of Agency MBS in the “to- be-announced” (“TBA”) market as of quarter-end. 2. Average Asset Yield includes the average implied asset yield on TBA securities and excludes “catch-up“ premium amortization cost/benefit for the period. Refer to slide 15 and related footnotes for additional information. 3. Leverage represents “at risk“ leverage as of period end calculated as the sum of repurchase agreements used to fund Agency and non-Agency MBS and CRT investments (collectively “Investment Securities Repo”), net TBA position (at cost), net payable/receivable for investment securities not yet settled, and other debt divided by the sum of total stockholders’ equity and unsettled stock issuances, less goodwill. Unsettled stock issuances totaled $110 million and $0 million as of Sep 30 and Jun 30, 2026, respectively. Leverage excludes Treasury securities repurchase agreements. 4. Average Repo Cost includes Investment Securities Repo. Amount excludes U.S. Treasury repurchase agreements. 5. Average Cost of Funds includes Average Repo Cost, average implied funding costs of TBA securities and interest rate swap periodic income for the period. Amount excludes other supplemental hedges used to hedge a portion of the Company’s interest rate risk (such as swaptions, SOFR futures, and U.S. Treasury positions) and U.S. Treasury repurchase agreements. Refer to slide 15 and related footnotes for additional information. 6. Hedge Ratio calculated as the ratio of interest rate hedges, including option-based hedges, to Investment Securities Repo, net TBA position and other debt as of quarter-end. 7. Duration Gap is a model estimate of the difference between the interest rate sensitivity of our assets and liabilities, inclusive of interest rate hedges, measured in years as of point in time. Slide 6 1. Source: Bloomberg. Slide 7 1. Source: Bloomberg. 2. Change in Treasury and swap prices derived from Constant Maturity Treasury and Constant Maturity Swap and DV01 from JP Morgan. 3. Source: Barclays. 4. CC represents the current coupon yield sourced from Bloomberg. 30 Yr Mortgage Rates are sourced from Optimal Blue. CMBS spreads are spreads to the Treasury curve and are averages of JP Morgan, Wells Fargo and Bank of America. CDX spreads are sourced from JP Morgan.
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25 ENDNOTES (CONTINUED) Slide 8 1. Amounts exclude AGNC’s limited partnership interest in a mortgage credit investment fund totaling $72 million and $70 million as of Sep 30, 2026 and Jun 30, 2026, respectively, reported in Non-Agency Securities, at Fair Value, and Other Mortgage Credit Investments on the accompanying Consolidated Balance Sheet. 2. Specified pools include pools backed by loans with characteristics related to loan size, borrower credit profiles, loan-to-value ratios, geographic concentrations, occupancy types, and other characteristics that are expected to result in more favorable prepayment behavior than generic TBA-eligible collateral. 3. Weighted average actual 1 month annualized CPR released at the beginning of each month based on securities held as of the preceding month-end, excludes net TBA position. 4. WALA represents the weighted average loan age presented in months, excluding net TBA position. 5. Average projected CPR as of Sep 30, 2026 excludes net TBA position. Slide 9 1. Amounts include Investment Securities Repo and exclude U.S. Treasury repurchase agreements. 2. Refer to slide 15 for additional information regarding our average cost of funds. Slide 10 1. Funding liabilities consists of Investment Securities Repo, other debt and net TBA position. 2. Duration is a model estimate of interest rate sensitivity measured in years as of a point in time. 3. Total duration is expressed in the asset unit equivalent. Slide 12 1. Net Long TBA and Forward Settling Securities are reported in derivative assets/liabilities at net carrying value (fair value less cost basis). 2. Tangible Net Book Value “At Risk“ Leverage calculated as the sum of Investment Securities Repo, net payable/receivable for investment securities not yet settled, net TBA dollar roll position (at cost) and debt of consolidated variable interest entities divided by the sum of total stockholders’ equity and unsettled stock issuances as of period-end, less goodwill. Unsettled stock issuances totaled $110 million, $0 million, $0 million, $0 million and $0 million as of Sep 30, Jun 30 and Mar 31, 2026 and Dec 31 and Sep 30, 2025, respectively. Leverage excludes Treasury securities repurchase agreements. 3. Tangible Net Book Value Per Common Share calculated as stockholders’ equity, less the preferred stock liquidation preference and goodwill, divided by total common shares outstanding. Slide 14 1. “Catch-up“ premium amortization (cost)/benefit is reported in interest income on the accompanying income statement. Amount is net of “catch-up” discount accretion benefit/ (cost). 2. Reported in gain (loss) on derivative instruments and other securities, net in the accompanying income statement. 3. Dollar roll income represents the price differential, or “price drop,” between the TBA price for current month settlement versus the TBA price for forward month settlement. Amount includes dollar roll income (loss) on long and short TBA securities. Amount excludes TBA mark-to-market adjustments. 4. Other interest income (expense), net includes interest income on cash and cash equivalents; price alignment interest income (expense) (“PAI“) on interest rate swap margin deposits posted by or (to) the Company; and other miscellaneous interest income (expense). 5. Net spread and dollar roll income exclude other supplemental hedges used to hedge a portion of the Company’s interest rate risk (such as U.S. Treasury positions, swaptions, and SOFR futures ) and U.S. Treasury Repo. For details on the Company’s average U.S. Treasury position, yields, and cost of carry for Q3 2026 refer to slide 21. Slide 15 1. “Catch-up“ premium amortization cost/(benefit) is reported in interest income on the accompanying income statement. Amount is net of “catch-up” discount accretion benefit/ (cost). 2. Reported in gain (loss) on derivative instruments and other securities, net in the accompanying income statement. 3. The TBA implied interest income/average asset yield is extrapolated by adding the TBA implied interest expense/average funding cost (Note 4) to the dollar roll income/net dollar roll yield (see Slide 14 Note 3). The net dollar roll yield is calculated by dividing dollar roll income by the average net TBA balance (cost basis) outstanding for the period. 4. The TBA implied interest expense/average funding cost is determined using the “price drop” (see Slide 14 Note 3) and market-based assumptions sourced from JP Morgan regarding the “cheapest-to-deliver” collateral that can be delivered to satisfy the TBA contract, such as the anticipated collateral’s weighted average coupon, weighted average maturity and projected 1-month CPR. The average implied funding cost/benefit for TBA transactions represents the Company’s long TBA position only, weighted based on the Company’s daily average long position outstanding for the period. 5. Economic interest expense and cost of funds exclude other supplemental hedges used to hedge a portion of the Company’s interest rate risk (such as U.S. Treasury positions, swaptions, and SOFR futures ) and U.S. Treasury Repo. For details on the Company’s average U.S. Treasury position, yields, and cost of carry for Q3 2026 refer to slide 21. 6. Calculated on a weighted basis relative to the average TBA balance and, as applicable, the average investment securities balance or average Investment Securities Repo balance outstanding. 7. Represents interest rate swap periodic (income) cost measured as a percent of total mortgage funding (Investment Securities Repo, other debt and TBA securities).
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26 ENDNOTES (CONTINUED) Slide 17 1. MBS includes CRT securities and other credit investments; TBA includes forward settling non- Agency securities. 2. Tangible net book value “at risk“ leverage calculated as the sum of Investment Securities Repo, net payable/receivable for investment securities not yet settled, net TBA dollar roll position (at cost) and debt of consolidated variable interest entities divided by the sum of total stockholders’ equity and unsettled stock issuances as of period-end, less goodwill. Unsettled stock issuances totaled $110 million, $0 million, $0 million, $0 million, $0 million, $0 million, $75 million, $0 million and $0 million as of Sep 30, Jun 30 and Mar 31, 2026, Dec 31, Sep 30, Jun 30 and Mar 31, 2025 and Dec 31 and Sep 30, 2024, respectively. Leverage excludes Treasury securities repurchase agreements. 3. Chart excludes 20 Yr fixed rate MBS . 4. Measured as the ratio of interest rate swaps, net U.S. Treasury position, SOFR futures, and option-based hedges (e.g., swaptions) over Investment Securities Repo, other debt, net TBA and forward settling securities positions (at cost). Slide 18 1. Tangible net book value per common share excludes goodwill. 2. Economic return represents the change in tangible net book value per common share plus dividends per common share declared. Slide 19 1. Asset yields include actual and implied yields on investment securities and net TBA position calculated on a weighted average basis. Amounts exclude “catch-up“ premium amortization. 2. Cost of funds include Investment Securities Repo, implied funding costs for the net TBA position and periodic swap costs calculated on a weighted average basis. TBA implied funding cost is derived from AGNC’s executed roll levels and TBA delivery assumptions sourced from JP Morgan for the associated weighted average coupon, weighted average maturity and 1 month projected CPR. 3. Represents a non-GAAP measure. Please refer to the supplemental slides within this presentation for a reconciliation and further discussion of non-GAAP measures. Slide 20 1. Total fixed-rate MBS, excluding net TBA position, had a par value of $92,669, market value of $86,874, average duration of 5.7 years and average coupon of 5.06% as of Sep 30, 2026. 2. Specified pools include pools backed by loans with characteristics related to loan size, borrower credit profiles, loan-to-value ratios, geographic concentrations, occupancy types, and other characteristics that are expected to result in more favorable prepayment behavior than generic TBA-eligible collateral. 3. Average MBS cost basis, WALA and CPR exclude net TBA position. 4. WALA represents the weighted average loan age presented in months. 5. Actual 1 month annualized CPR published during Oct 2026 for Agency securities held as of Sep 30, 2026. 6. Duration is a model estimate of interest rate sensitivity measured in years as of a point in time. Slide 21 1. The average U.S. Treasury securities and futures positions represent their average cost basis, weighted by the number of days outstanding during the quarter. 2. The implied yields for Treasury futures are calculated based on the “cheapest-to-deliver“ security that can be delivered to satisfy the futures contract identified at the time the futures contract was initiated using data sourced from a third-party model. 3. The average implied funding costs for U.S. Treasury securities and futures position represents the average rate received on the Company’s reverse repurchase agreements for the quarter. Slide 22 1. Duration is a model estimate of interest rate sensitivity measured in years as of a point in time. The sensitivity analysis assumes an instantaneous parallel shift in interest rates and, consequently, does not include the potential impact of ongoing portfolio rebalancing actions. 2. Durations are expressed in years. Liability and hedge durations are expressed in asset unit equivalents. 3. Mortgage assets include net TBA position. Slide 23 1. Interest rate and MBS spread sensitivity are derived from models that are dependent on inputs and assumptions provided by third parties as well as by our investment team and, accordingly, actual results could differ materially from these estimates. Rates are floored at zero percent. 2. Estimated dollar change in value expressed as a percentage of the total market value of “at risk” assets.
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27 USE OF NON-GAAP FINANCIAL INFORMATION In addition to the results presented in accordance with GAAP, the Company’s results of operations discussed in this presentation include certain non-GAAP financial information, including “net spread and dollar roll income“; “economic interest income“ and “economic interest expense“; and the related per common share measures and certain financial metrics derived from such non-GAAP information, such as “cost of funds“ and “net interest spread.“ Net spread and dollar roll income available to common stockholders is measured as comprehensive income (loss) available (attributable) to common stockholders (GAAP measure) adjusted to: (i) exclude gains/losses on investment securities recognized through net income or other comprehensive income and gains/losses on derivative instruments and other securities (GAAP measures), (ii) exclude retrospective “catch-up“ adjustments to premium amortization cost due to changes in projected CPR estimates and (iii) include interest rate swap periodic income/cost, TBA dollar roll income and other miscellaneous interest income/expense. As defined, net spread and dollar roll income available to common stockholders represents net interest income/ expense (GAAP measure) adjusted to exclude retrospective “catch-up“ adjustments to premium amortization cost due to changes in projected CPR estimates and to include TBA dollar roll income, interest rate swap periodic income/cost and other miscellaneous interest income/expense, less total operating expense (GAAP measure) and dividends on preferred stock (GAAP measure). By providing users of our financial information with such measures in addition to the related GAAP measures, we believe users have greater transparency into the information used by our management in its financial and operational decision-making. We also believe that it is important for users of our financial information to consider information related to our current financial performance without the effects of certain transactions that are not necessarily indicative of our current investment portfolio performance and operations. Specifically, the Company believes the inclusion of TBA dollar roll income in its non-GAAP measures is meaningful as TBAs are economically equivalent to holding and financing generic Agency MBS using short-term repurchase agreements but are recognized under GAAP in gain/loss on derivative instruments in the Company’s statement of operations. Similarly, the Company believes that the inclusion of periodic interest rate swap settlements in such measure, which are recognized under GAAP in gain/loss on derivative instruments, is meaningful as interest rate swaps are the primary instrument the Company uses to economically hedge against fluctuations in the Company’s borrowing costs and inclusion of periodic interest rate swap settlements is more indicative of the Company’s total cost of funds than interest expense alone. Finally, the Company believes the exclusion of “catch-up“ adjustments to premium amortization cost is meaningful as it excludes the cumulative effect from prior reporting periods due to current changes in future prepayment expectations and, therefore, exclusion of such “catch-up“ cost or benefit is more indicative of the current earnings potential of the Company’s investment portfolio. However, because such measures are incomplete measures of the Company’s financial performance and involve differences from results computed in accordance with GAAP, they should be considered as supplementary to, and not as a substitute for, results computed in accordance with GAAP. In addition, because not all companies use identical calculations, the Company’s presentation of such non-GAAP measures may not be comparable to other similarly- titled measures of other companies. A reconciliation of GAAP comprehensive income (loss) to non-GAAP net spread and dollar roll income is included in this presentation.
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Contact Us 7373 Wisconsin Avenue 22nd Floor Bethesda, MD 20814 (301) 968-9315 IR@AGNC.com Media@AGNC.com www.AGNC.com Nasdaq: AGNC Connect With Us