Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 363

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 363
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 Operating and Other Expense$170,414 $168,004 $164,811 Income/(loss) before income taxes$119,694 $80,442 $(232,432)Provision for/(benefit from) income taxes$443 $278 $(851)Net Income/(Loss)$119,251 $80,164 $(231,581)Less Preferred Stock Dividend Requirement$32,875 $32,875 $32,875 Net Income/(Loss) Available to Common Stock and Participating Securities$86,376 $47,289 $(264,456)Basic Earnings/(Loss) per Common Share$0.83 $0.46 $(2.57)Diluted Earnings/(Loss) per Common Share$0.82 $0.46 $(2.57)

The accompanying notes are an integral part of the consolidated financial statements.

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MFA FINANCIAL, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

 For the Year Ended December 31,(In Thousands)202420232022Net income/(loss)$119,251 $80,164 $(231,581)Other Comprehensive Income/(Loss):Unrealized gains/(losses) on securities available-for-sale1,764 (2,873)(25,492)Reclassification adjustment for securities sales included in net income(9,986)(770)— Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk— — 1,255 Other Comprehensive Income/(Loss)(8,222)(3,643)(24,237)Comprehensive Income/(Loss) before preferred stock dividends$111,029 $76,521 $(255,818)Dividends required on preferred stock(32,875)(32,875)(32,875)Comprehensive Income/(Loss) Available to Common Stock and Participating Securities$78,154 $43,646 $(288,693)

The accompanying notes are an integral part of the consolidated financial statements.

70  

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(In Thousands, Except Per Share Amounts)Preferred Stock7.5% Series B Cumulative Redeemable - Liquidation Preference $25.00 per SharePreferred Stock6.5