Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 29

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 29
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 gain/(loss) on residential whole loans held at carrying value(882)418 (1,300)Other, net(6,934)3,192 (10,126)Other Income/(Loss), net$36,762 $52,251 $(15,489)Operating and Other Expense:Compensation and benefits$42,565 $47,215 $(4,650)Other general and administrative expense20,912 22,830 (1,918)Loan servicing, financing and other related costs15,836 15,759 77 Amortization of intangible assets1,600 1,600 — Operating and Other Expense$80,913 $87,404 $(6,491)Income/(loss) before income taxes$73,726 $66,554 $7,172 Provision for/(benefit from) income taxes(634)1,395 (2,029)Net Income/(Loss)$74,360 $65,159 $9,201 Less Preferred Stock Dividend Requirement$18,779 $16,437 $2,342 Net Income/(Loss) Available to Common Stock and Participating Securities$55,581 $48,722 $6,859 Basic Earnings/(Loss) per Common Share$0.53 $0.47 $0.06 Diluted Earnings/(Loss) per Common Share$0.52 $0.46 $0.06 

74  

General

For the six months ended June 30, 2025, we had net income available to our common stock and participating securities of $55.6 million, or $0.53 per basic common share and $0.52 per diluted common share, compared to a net income available to our common stock and participating securities of $48.7 million, or $0.47 per basic and $0.46 per diluted common share, for the six months ended June 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 higher net interest income of $17.5 million and lower Operating and Other Expenses of $6.5 million, partially offset by a decrease in Other Income/(Loss), net of $15.5 million, as well as a $2.3 million increase in preferred stock dividends paid as a result of the higher