ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Two Harbors Investments Corp. (TWO) on Wednesday reported net income of $276.7 million in its fourth quarter.

On a per-share basis, the St. Louis Park, Minnesota-based company said it had net income of $2.37. Earnings, adjusted for non-recurring gains, were 20 cents per share.

The real estate investment trust that invests in mortgage-backed securities posted revenue of $103.8 million in the period. Its adjusted revenue was -$34.9 million.

For the year, the company reported profit of $298.2 million, or $2.37 per share. Revenue was reported as -$157.7 million.

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