Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 16

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 16
---
Impairment and other net gain/(loss) on securities and other portfolio investments18,004 6,645 11,359 Net gain/(loss) on real estate owned300 (2,911)3,211 Net gain/(loss) on derivatives used for risk management purposes200 (18,251)18,451 Net gain/(loss) on securitized debt measured at fair value through earnings(24,646)(7,105)(17,541)Lima One mortgage banking income5,594 6,087 (493)Net realized gain/(loss) on residential whole loans held at carrying value— $(343)343 Other, net(9,786)(5,483)(4,303)Other Income/(Loss), net$30,959 $12,250 $18,709 Operating and Other Expense:Compensation and benefits$18,185 $19,308 $(1,123)Other general and administrative expense10,769 10,621 148 Loan servicing, financing and other related costs10,216 8,584 1,632 Amortization of intangible assets300 800 (500)Operating and Other Expense$39,470 $39,313 $157 Income/(loss) before income taxes$48,003 $33,422 $14,581 Provision for/(benefit from) income taxes(101)238 (339)Net Income/(Loss)$48,104 $33,184 $14,920 Less Preferred Stock Dividend Requirement$10,834 $10,560 $274 Net Income/(Loss) Available to Common Stock and Participating Securities$37,270 $22,624 $14,646 Basic Earnings/(Loss) per Common Share$0.36 $0.22 $0.14 Diluted Earnings/(Loss) per Common Share$0.35 $0.21 $0.14 

67  

General

For the third quarter of 2025, we had net income available to our common stock and participating securities of $37.3 million, or $0.36 per basic common share and $0.35 per diluted common share, compared to net income available to common stock and participating securities of $22.6 million, or $0.22 per basic common share and $0.21 per diluted common share, for the