Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 171

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 171
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/(Provision) for Credit Losses on Residential Whole Loans$(791)$(145)$(646)Reversal/(Provision) for Credit Losses on Other Assets— — — Net Interest Income after Reversal/(Provision) for Credit Losses$60,485 $57,392 $3,093 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$33,611 $54,380 $(20,769)Impairment and other net gain/(loss) on securities and other portfolio investments6,645 21,179 (14,534)Net gain/(loss) on real estate owned(2,911)(1,508)(1,403)Net gain/(loss) on derivatives used for risk management purposes(18,251)(31,055)12,804 Net gain/(loss) on securitized debt measured at fair value through earnings(7,105)(21,931)14,826 Lima One mortgage banking income6,087 5,437 650 Net realized gain/(loss) on residential whole loans held at carrying value(343)$(539)196 Other, net(5,483)(1,451)(4,032)Other Income/(Loss), net$12,250 $24,512 $(12,262)Operating and Other Expense:Compensation and benefits$19,308 $23,257 $(3,949)Other general and administrative expense10,621 10,291 330 Loan servicing, financing and other related costs8,584 7,252 1,332 Amortization of intangible assets800 800 — Operating and Other Expense$39,313 $41,600 $(2,287)Income/(loss) before income taxes$33,422 $40,304 $(6,882)Provision for/(benefit from) income taxes238 (872)1,110 Net Income/(Loss)$33,184 $41,176 $(7,992)Less Preferred Stock Dividend Requirement$10,560 $8,219 $2,341 Net Income/(Loss) Available to Common Stock and Participating Securities$22,624 $32,957 $(10,333)Basic Earnings/(Loss) per Common Share$0.22 $0.32 $(0.10)