Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 322

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 322
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loss) on residential whole loans measured at fair value through earnings$45,994 $89,850 $(43,856)Impairment and other net gain/(loss) on securities and other portfolio investments(10,869)6,225 (17,094)Net gain/(loss) on real estate owned3,136 9,392 (6,256)Net gain/(loss) on derivatives used for risk management purposes78,503 3,761 74,742 Net gain/(loss) on securitized debt measured at fair value through earnings(64,813)(99,589)34,776 Lima One mortgage banking income32,944 43,384 (10,440)Net realized gain/(loss) on residential whole loans held at carrying value418 (1,240)1,658 Other, net115 11,331 (11,216)Other Income/(Loss), net$85,428 $63,114 $22,314 Operating and Other Expense:Compensation and benefits$87,654 $85,799 $1,855 Other general and administrative expense44,254 43,869 385 Loan servicing, financing and other related costs35,306 34,136 1,170 Amortization of intangible assets3,200 4,200 (1,000)Operating and Other Expense$170,414 $168,004 $2,410 Income/(loss) before income taxes$119,694 $80,442 $39,252 Provision for/(benefit from) income taxes443 278 165 Net Income/(Loss)$119,251 $80,164 $39,087 Less Preferred Stock Dividend Requirement$32,875 $32,875 $— Net Income/(Loss) Available to Common Stock and Participating Securities$86,376 $47,289 $39,087 Basic Earnings/(Loss) per Common Share$0.83 $0.46 $0.37 Diluted Earnings/(Loss) per Common Share$0.82 $0.46 $0.36 

General 

For 2024, we had net income available to our common stock and participating securities of $86.4 million, or $0.83 per basic common share and $0.82 per diluted common share, compared to net