Capstead Mortgage Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $33.5 million or $0.31 per diluted common share compares to net income of $32.4 million or $0.30 per diluted common share for the quarter ended September 30, 2014. Total interest income of $56.449 million against $58.509 million for the same period a year ago. Income before equity in earnings of unconsolidated affiliates was $33.474 million against $36.918 million for the same period a year ago.

For the year, the company reported total interest income of $227.064 million against $215.459 million for the same period a year ago. Income before equity in earnings of unconsolidated affiliates was $140.820 million against $126.238 million for the same period a year ago. Net income available to common shareholders was $140.820 million or $1.33 per basic and diluted share against $126.487 million or $0.93 per basic and diluted share for the same period a year ago. Book value per common share as at December 31, 2014 was $12.52.