Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 149

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 149
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ization of intangible assets— 800 — 800 Income/(loss) before income taxes$40,400 $8,756 $(15,734)$33,422 Provision for/(benefit from) income taxes— — 238 238 Net Income/(Loss)$40,400 $8,756 $(15,972)$33,184 Less Preferred Stock Dividend Requirement$— $— $10,560 $10,560 Net Income/(Loss) Available to Common Stock and Participating Securities$40,400 $8,756 $(26,532)$22,624 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2025

(In Thousands)Mortgage-Related AssetsLima OneCorporateTotalThree months ended June 30, 2024Interest Income$101,216 $81,780 $3,835 $186,831 Interest Expense70,009 56,746 6,587 133,342 Net Interest Income/(Expense)$31,207 $25,034 $(2,752)$53,489 Reversal/(Provision) for Credit Losses on Residential Whole Loans1,079 — — 1,079 Provision for Credit Losses on Other Assets(26)— — (26)Net Interest Income/(Expense) after Reversal/(Provision) for Credit Losses$32,260 $25,034 $(2,752)$54,542 Net gain/(loss) on residential whole loans measured at fair value through earnings$28,474 $(12,044)$— $16,430 Impairment and other net gain/(loss) on securities and other portfolio investments(1,358)— (1,484)(2,842)Net gain/(loss) on real estate owned2,167 (287)— 1,880 Net gain/(loss) on derivatives used for risk management purposes11,296 4,791 — 16,087 Net gain/(loss) on securitized debt measured at fair value through earnings(6,620)(4,022)— (10,642)Lima One mortgage banking income— 7,619 — 7,619 Net realized gain/(loss) on residential whole loans held