Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 29

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 29
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,508)991 (2,499)Net gain/(loss) on derivatives used for risk management purposes(31,055)49,941 (80,996)Net gain/(loss) on securitized debt measured at fair value through earnings(21,931)(22,462)531 Lima One mortgage banking income5,437 7,928 (2,491)Net realized gain/(loss) on residential whole loans held at carrying value(539)418 (957)Other, net(1,451)1,875 (3,326)Other Income/(Loss), net$24,512 $22,402 $2,110 Operating and Other Expense:Compensation and benefits$23,257 $25,468 $(2,211)Other general and administrative expense10,291 11,995 (1,704)Loan servicing, financing and other related costs7,252 7,042 210 Amortization of intangible assets800 800 — Operating and Other Expense$41,600 $45,305 $(3,705)Income/(loss) before income taxes$40,304 $24,262 $16,042 Provision for/(benefit from) income taxes(872)1,049 (1,921)Net Income/(Loss)$41,176 $23,213 $17,963 Less Preferred Stock Dividend Requirement$8,219 $8,219 $— Net Income/(Loss) Available to Common Stock and Participating Securities$32,957 $14,994 $17,963 Basic Earnings/(Loss) per Common Share$0.32 $0.14 $0.18 Diluted Earnings/(Loss) per Common Share$0.31 $0.14 $0.17 

70  

General

For the three months ended March 31, 2025, we had net income available to our common stock and participating securities of $33.0 million, or $0.32 per basic common share and $0.31 per diluted common share, compared to a net income available to our common stock and participating securities of $15.0 million, or $0.14 per basic and diluted common share, for the three months ended March 31, 2024. The net income available to common stock and participating securities in the current period primarily reflects