Two Harbors Investment (TWO-PC) Interest Expense - Fed Funds (2012 - 2026)
Two Harbors Investment (TWO-PC) posted Interest Expense - Fed Funds of $69.56 million for Q2 2026, down 36.9% from $110.29 million a year earlier and down 6.7% from the prior quarter.
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Analysis
Two Harbors Investment (TWO-PC) Interest Expense - Fed Funds (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Expense - Fed Funds at Two Harbors Investment was $315.06 million, down 30.5% year-over-year; for FY2025, it was $388.34 million, down 17.1% from FY2024.
- Annual Interest Expense - Fed Funds shows a five-year compound annual growth rate of 10.8% (FY2020 to FY2025).
- In prior years, Two Harbors Investment's Interest Expense - Fed Funds was $468.49 million in FY2024 (-1.2%), $474.29 million in FY2023 (+183.2%), $167.46 million in FY2022 (+549.7%) and $25.77 million in FY2021 (-88.9%).
- The Q2 2026 figure stands as the lowest quarterly Interest Expense - Fed Funds since Q3 2022.
- On a year-over-year basis, Interest Expense - Fed Funds has declined in each of the last nine quarters, with an average decline of 18.6% over the last eight quarters.
- The strongest year-over-year quarter for Interest Expense - Fed Funds in the past five years was Q3 2022, with growth of 904.5%; the weakest was Q3 2021, with a decline of 69.1%.
- According to Business Quant data, Interest Expense - Fed Funds for the three prior quarters was $74.53 million (Q1 2026), $81.08 million (Q4 2025) and $89.89 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Two Harbors Investment | 2.67 Bn | -62.52 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.56 Mn |
| Mar 31, 2026 | 74.53 Mn |
| Dec 31, 2025 | 81.08 Mn |
| Sep 30, 2025 | 89.89 Mn |
| Jun 30, 2025 | 110.29 Mn |
| Mar 31, 2025 | 107.08 Mn |
| Dec 31, 2024 | 112.51 Mn |
| Sep 30, 2024 | 123.55 Mn |
| Jun 30, 2024 | 113.71 Mn |
| Mar 31, 2024 | 118.72 Mn |
| Dec 31, 2023 | 123.69 Mn |
| Sep 30, 2023 | 129.30 Mn |
| Jun 30, 2023 | 116.95 Mn |
| Mar 31, 2023 | 104.36 Mn |
| Dec 31, 2022 | 81.98 Mn |
| Sep 30, 2022 | 57.87 Mn |
| Jun 30, 2022 | 19.27 Mn |
| Mar 31, 2022 | 8.34 Mn |
| Dec 31, 2021 | 4.56 Mn |
| Sep 30, 2021 | 5.76 Mn |
API Access
Two Harbors Investment Interest Expense - Fed Funds API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-fed-funds&ticker=TWO-PC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-fed-funds", "ticker": "TWO-PC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-fed-funds&ticker=TWO-PC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();