Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 31

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 31
---
  The yields and costs may include premium amortization and discount accretion which are considered adjustments to interest income or expense. 

 Six Months Ended June 30, 20252024 Average BalanceInterestAverage Yield/CostAverage Balance InterestAverage Yield/Cost(Dollars in Thousands) Assets:      Interest-earning assets (1):      Residential whole loans$8,987,891 $305,878 6.81 %$9,545,277 $323,382 6.78 %Securities, at fair value1,685,760 53,448 6.34 746,688 26,621 7.13 Cash and cash equivalents (2)511,838 8,597 3.36 530,197 11,319 4.27 Other interest-earning assets7,435 926 24.91 49,042 2,340 9.54 Total interest-earning assets11,192,924 368,849 6.59 10,871,204 363,662 6.69 Liabilities:Interest-bearing liabilities:Securitized debt (3)$5,857,726 $147,760 5.04 %$4,993,106 $117,322 4.70 %Collateralized financing agreements (4)3,324,144 93,194 5.58 3,600,960 132,875 7.30 Convertible Senior Notes— — — 162,861 5,539 6.80 8.875% Senior Notes111,428 5,479 9.83 104,732 5,142 9.82 9.00% Senior Notes72,486 3,603 9.94 29,740 1,481 9.96 Total interest-bearing liabilities9,365,784 250,036 5.33 8,891,399 262,359 5.87 Net interest income/net interest rate spread (5)118,813 1.26 101,303 0.82 Impact of net Swap carry (6)30,773 0.65 58,024 1.29 Net interest rate spread (including the impact of net Swap carry)$149,586 1.91 %$159,327