Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 135

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 135
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 in fair value are recognized in Net gains (losses) on investments and other in the accompanying Consolidated Statements of Comprehensive Income (Loss).(3) Effective yield is recalculated for differences between estimated and actual prepayments and the amortized cost is adjusted as if the new effective yield had been applied since inception.

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial Statements

The following table presents the components of the Company’s interest income and interest expense for the three and nine months ended September 30, 2025 and 2024. For the Three Months Ended For the Nine Months Ended September 30, 2025September 30, 2024September 30, 2025September 30, 2024Interest income(dollars in thousands)Agency securities$949,511 $789,403 $2,645,630 $2,331,698 Residential credit securities33,462 49,863 110,522 156,754 Residential mortgage loans (1)505,527 346,031 1,399,541 899,867 Commercial investment portfolio (1)— 2,240 1,218 8,235 Reverse repurchase agreements43,997 41,804 111,587 104,600 Total interest income$1,532,497 $1,229,341 $4,268,498 $3,501,154 Interest expense  Repurchase agreements$852,175 $942,780 $2,388,876 $2,722,304 Debt issued by securitization vehicles349,959 234,299 945,934 596,128 Participations issued28,651 17,834 86,433 57,841 U.S. Treasury securities sold, not yet purchased25,962 21,027 78,334 64,373 Total interest expense1,256,747 1,215,940 3,499,577 3,440,646 Net interest income$275,750 $13,401 $768,921 $60,508 (1) Includes assets transferred or pledged to securitization vehicles.

15.  NET INCOME (LOSS) PER COMMON SHAREThe following table presents a reconciliation of net income (loss) and shares used in calculating basic and diluted net income (