Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 185

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 185
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,350)Net realized gain/(loss) on residential whole loans held at carrying value(882)418 (1,300)Other, net(16,720)61 (16,781)Other Income/(Loss), net$67,721 $92,535 $(24,814)Operating and Other Expense:Compensation and benefits$60,750 $69,632 $(8,882)Other general and administrative expense31,681 34,260 (2,579)Loan servicing, financing and other related costs26,052 24,262 1,790 Amortization of intangible assets1,900 2,400 (500)Operating and Other Expense$120,383 $130,554 $(10,171)Income/(loss) before income taxes$121,729 $116,255 $5,474 Provision for/(benefit from) income taxes(735)2,913 (3,648)Net Income/(Loss)$122,464 $113,342 $9,122 Less Preferred Stock Dividend Requirement$29,613 $24,656 $4,957 Net Income/(Loss) Available to Common Stock and Participating Securities$92,851 $88,686 $4,165 Basic Earnings/(Loss) per Common Share$0.89 $0.85 $0.04 Diluted Earnings/(Loss) per Common Share$0.87 $0.83 $0.04 

74  

General

For the nine months ended September 30, 2025, we had net income available to our common stock and participating securities of $92.9 million, or $0.89 per basic common share and $0.87 per diluted common share, compared to a net income available to our common stock and participating securities of $88.7 million, or $0.85 per basic and $0.83 per diluted common share, for the nine months ended September 30, 2024. The net income available to common stock and participating securities in the current period increased from the prior period primarily as a result of $23.7 million higher net interest income and $10.2 million lower operating and other expenses, partially offset by a decrease of $24.8 million in Other income/(loss), net, as well as a $5.0 million increase in preferred stock dividends paid as a