<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Capstead Mortgage Corporation Annual Report on Form 10-K for the period ended December 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 21,003 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 10,157,338 <CURRENT-LIABILITIES> 5,568,577 <BONDS> 3,861,892 <PREFERRED-MANDATORY> 0 <PREFERRED> 266,396 <COMMON> 447 <OTHER-SE> 460,026 <TOTAL-LIABILITY-AND-EQUITY> 10,157,338 <SALES> 0 <TOTAL-REVENUES> 813,238 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 87,298 <LOSS-PROVISION> 400 <INTEREST-EXPENSE> 598,312 <INCOME-PRETAX> 127,228 <INCOME-TAX> 0 <INCOME-CONTINUING> 127,228 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 127,228 <EPS-PRIMARY> 2.31 <EPS-DILUTED> 2.06