Capstead Mortgage Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. The company reported net income available to common stockholders of $35,084,000 or $0.31 per diluted common share for the quarter ended December 31, 2012. This compares to net income available to common stockholders of $41,968,000 or $0.43 per diluted common share for the quarter ended December 31, 2011. Book value per common share as at December 31, 2012 was $13.58. Interest income was $61,166,000 against $63,981,000 a year ago period.

The company reported net income available to common stockholders of $163,626,000 or $1.50 per diluted common share for the year ended December 31, 2012. This compares to net income available to common stockholders of $160,204,000 or $1.75 per diluted common share for the year ended December 31, 2011. Book value per common share as at December 31, 2012 was $13.58. Interest income was $256,629,000 against $243,378,000 a year ago period.

The company expects 2013 results will be more stable.