← MFA FINANCIAL, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS) | — | — | — | $62.0m | $61.7m | $0 | $84k | — | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | ($5.9m) | $5.4m | $22.8m | $25.4m | $9.4m | $3.1m | ($6.8m) | — | |
| Net Interest Income | $263.8m |
$236.3m
-10.43%
|
$223.5m
-5.42%
|
$249.4m
+11.58%
|
$90.6m
-63.66%
|
$241.9m
+166.94%
|
$223.6m
-7.58%
|
$176.5m
-21.07%
|
$202.7m
+14.88%
|
$231.1m
+13.99%
|
$230.0m
-0.46%
|
|
| Interest Income (Expense), Net | $263.8m |
$236.3m
-10.43%
|
$223.5m
-5.42%
|
$249.4m
+11.58%
|
$90.6m
-63.66%
|
$241.9m
+166.94%
|
$223.6m
-7.58%
|
$176.5m
-21.07%
|
$202.7m
+14.88%
|
$231.1m
+13.99%
|
$764.9m
+231.01%
|
|
| General and Administrative Expense | — | — | — | — | — | — | $112.5m | — | — | — | $121.4m | |
| Other General and Administrative Expense | $16.3m | $18.0m | $17.7m | $20.4m | $25.7m | $31.7m | $35.8m | $44.1m | $44.3m | $41.7m | — | |
| Labor and Related Expense | $29.3m | $31.7m | $28.4m | $32.2m | $31.0m | $53.8m | $76.7m | $85.8m | $87.7m | $77.7m | — | |
| Amortization of Intangible Assets | — | — | — | $0 | $0 | $6.6m | $9.2m | $4.2m | $3.2m | $2.2m | — | |
| Operating Lease, Expense | — | — | — | $2.7m | $3.0m | — | $6.5m | $6.7m | $7.4m | $8.6m | — | |
| Operating expenses: | ||||||||||||
| Other Operating Income | $0 | $0 | $923k | $7.2m | $9.8m | $1.8m | $7.4m | $9.0m | $7.1m | $2.0m | — | |
| Other Operating Income (Expense), Net | $13.8m | $29.4m | $5.5m | ($1.4m) | ($18.9m) | $30.0m | $9.3m | $11.3m | $115k | ($18.7m) | — | |
| Interest Expense | $193.4m | $197.1m | $232.2m | $332.4m | $268.8m | $120.4m | $258.8m | $429.1m | $521.2m | $514.0m | $534.9m | |
| Interest Expense, Debt | — | $10.8m | $26.8m | $17.0m | $26.7m | $15.8m | $15.8m | $15.6m | — | — | $534.9m | |
| Other interest expense | $8.4m | $10.8m | $26.8m | $40.3m | $26.7m | $15.8m | $15.8m | $15.6m | $21.2m | $18.4m | — | |
| Interest Income, Other | — | $24.8m | $28.4m | $52.6m | $36.0m | — | — | — | — | — | $764.9m | |
| Interest Income | $457.2m | $433.4m | $455.7m | $581.7m | $359.4m | $362.3m | $482.4m | $605.6m | $724.0m | $745.1m | $764.9m | |
| Net Interest Income after Reversal/(Provision) for Credit Losses | — | — | $222.7m |
$246.8m
+10.81%
|
$68.2m
-72.35%
|
$286.8m
+320.22%
|
$197.6m
-31.08%
|
$185.3m
-6.23%
|
$204.7m
+10.44%
|
$230.1m
+12.44%
|
$230.0m
-0.05%
|
|
| Debt Securities, Gain (Loss) | — | — | $61.3m | $69.1m | $74.5m | $1.6m | — | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | $0 | ($57.0m) | $0 | — | — | — | — | — | |
| Other Income/(Loss), net | — | — | $158.0m | $225.9m | ($606.1m) | $165.1m | ($264.6m) | $63.1m | $85.4m | $101.0m | — | |
| Operating and Other Expense | $60.0m | $71.9m | $79.7m | $97.1m | $141.5m | $123.0m | $164.6m | $168.3m | $170.4m | $155.1m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | ($232.4m) | $80.4m | $119.7m | $176.0m | $148.1m | |
| Provision for/(benefit from) income taxes | $0 | $0 | $0 | — | $0 | $2.7m | ($851k) | $278k | $443k | ($735k) | — | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | $2.7m | ($1.0m) | ($21k) | $443k | ($735k) | ($101k) | |
| Net Income (Loss) Attributable to Parent | $312.7m |
$322.4m
+3.11%
|
$301.8m
-6.39%
|
$378.1m
+25.29%
|
($679.4m)
-279.68%
|
$328.9m
+148.41%
|
($231.6m)
-170.42%
|
$80.2m
+134.62%
|
$119.3m
+48.76%
|
$176.8m
+48.24%
|
$104.7m
-40.77%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $297.7m |
$307.4m
+3.27%
|
$286.8m
-6.70%
|
$362.0m
+26.23%
|
($709.4m)
-295.95%
|
$295.0m
+141.58%
|
($265.1m)
-189.87%
|
$47.3m
+117.84%
|
$85.9m
+81.70%
|
$135.7m
+57.91%
|
$104.7m
-22.83%
|
|
| Preferred Stock Dividends, Income Statement Impact | $15 | $15 | $15 | $15 | $30 | $33 | $33 | $33 | $33 | $40 | $42.5m | |
| Less Preferred Stock Dividend Requirement | $15.0m | $15.0m | $15.0m | $15.0m | $29.8m | $32.9m | $32.9m | $32.9m | $32.9m | $40.3m | — | |
| Earnings Per Share, Basic | — | $0.79 | $0.68 | $0.80 | ($1.57) | $0.67 | ($2.57) | $0.46 | $0.83 | $1.31 | $1.01 | |
| Earnings Per Share, Diluted | $0.80 | $0.79 | $0.68 | $0.79 | ($1.57) | $0.66 | ($2.57) | $0.46 | $0.82 | $1.30 | $1.01 | |
| Common Stock, Dividends, Per Share, Declared | — | $0.00 | $0.00 | $0.00 | $0.12 | $0.39 | $1.67 | $1.40 | $1.40 | $1.44 | — | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | 451.0m | 452.0m | 442.8m | 103.2m | 102.2m | 103.5m | 103.6m | 103.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | 467.8m | 452.0m | 473.9m | 103.2m | 103.6m | 105.1m | 104.0m | 104.2m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | — | — | |
| Other Cost and Expense, Operating | $14.4m | $22.3m | $33.6m | $41.9m | $40.4m | $30.9m | $42.9m | $34.1m | $35.3m | $33.4m | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | $0 | ($5.9m) | — | — | — | |
| Residential whole loans | $23.9m | $36.2m | $100.9m | $244.0m | $258.8m | $303.5m | $441.2m | $537.9m | $633.6m | $605.6m | — | |
| Securities, at fair value | $432.5m | $393.0m | $350.9m | $527.3m | $54.1m | $56.7m | $28.9m | $42.4m | $61.1m | $121.3m | — | |
| Other interest-earning assets | $0 | $0 | $923k | $7.2m | $9.8m | $1.8m | $7.4m | $9.0m | $7.1m | $2.0m | — | |
| Cash and cash equivalent investments | $774k | $4.2m | $2.9m | $3.4m | $676k | $344k | $4.8m | $16.3m | $22.2m | $16.2m | — | |
| Asset-backed and other collateralized financing arrangements | — | — | $224.1m | $315.3m | $242.0m | $104.6m | $243.1m | $413.5m | $500.0m | $495.5m | — | |
| Reversal/(Provision) for Credit Losses on Residential Whole Loans | — | — | — | — | ($22.4m) | $44.9m | $2.6m | $8.9m | $3.1m | ($936k) | — | |
| Reversal/(Provision) for Credit Losses on Other Assets | — | — | — | — | $0 | $0 | ($28.6m) | $0 | ($1.1m) | $0 | — | |
| Net gain/(loss) on residential whole loans measured at fair value through earnings | — | — | — | — | — | $16.2m | ($866.8m) | $89.8m | $46.0m | $133.7m | — | |
| Impairment and other net gain/(loss) on securities and other portfolio investments | — | — | — | — | — | $74.5m | ($25.1m) | $6.2m | ($10.9m) | $61.5m | — | |
| Net gain/(loss) on real estate owned | — | — | — | ($5.9m) | $5.4m | $22.8m | $25.4m | $9.4m | $3.1m | ($6.8m) | — | |
| Net gain/(loss) on derivatives used for risk management purposes | — | — | — | — | ($61.2m) | $1.4m | $255.2m | $3.8m | $78.5m | ($35.5m) | — | |
| Net gain/(loss) on securitized debt measured at fair value through earnings | — | — | — | — | ($11.9m) | $15.0m | $290.6m | ($99.6m) | ($64.8m) | ($55.2m) | — | |
| Lima One mortgage banking income | — | — | — | — | — | — | $46.7m | $43.4m | $32.9m | $22.8m | — | |
| Net realized gain/(loss) on residential whole loans held at carrying value | — | — | — | — | ($273.0m) | $0 | $0 | ($1.2m) | $418k | ($882k) | — | |
| Other, net | $13.8m | $29.4m | $5.5m | $14.9m | ($18.9m) | $30.0m | $9.3m | $11.3m | $115k | ($18.7m) | — | |
| Compensation and benefits | $29.3m | $31.7m | $28.4m | $32.2m | $31.0m | $53.8m | $76.7m | $85.8m | $87.7m | $77.7m | — | |
| Loan servicing, financing and other related costs | $14.4m | $22.3m | $33.6m | $44.5m | $40.4m | $30.9m | $42.9m | $34.1m | $35.3m | $33.4m | — |