Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 31

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 31
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 Ended March 31, 20252024 Average BalanceInterestAverage Yield/CostAverage Balance InterestAverage Yield/Cost(Dollars in Thousands) Assets:      Interest-earning assets (1):      Residential whole loans$8,945,010 $151,310 6.77 %$9,513,309 $157,665 6.63 %Securities, at fair value1,625,980 24,670 6.07 717,348 12,992 7.24 Cash and cash equivalents (2)496,435 4,127 3.33 460,323 5,011 4.35 Other interest-earning assets7,435 398 21.41 52,439 1,163 8.87 Total interest-earning assets11,074,860 180,505 6.52 10,743,419 176,831 6.58 Liabilities:Interest-bearing liabilities:Securitized debt (3)$5,808,655 $72,985 5.03 %$4,874,807 $55,959 4.59 %Collateralized financing agreements (4)3,217,776 45,446 5.65 3,645,218 67,483 7.32 Convertible Senior Notes— — — 182,206 3,158 6.94 8.875% Senior Notes111,333 2,737 9.83 98,643 2,417 9.80 9.00% Senior Notes72,429 1,800 9.94 — — — Total interest-bearing liabilities9,210,193 122,968 5.34 8,800,874 129,017 5.83 Net interest income/net interest rate spread (5)57,537 1.18 47,814 0.75 Impact of net Swap carry (6)15,254 0.66 29,091 1.31 Net interest rate spread (including the impact of Swaps)$72,791 1.84 %$76,905 2.06 %Net interest-earning assets/net interest margin (7)$1,864,667 2.63 %$1,942,545 2.