Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 24

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 24
---
, for the periods presented:

Interest Income (excluding PAA)

 GAAP Interest IncomePAA Cost(Benefit)Interest Income (excluding PAA) *For the three months ended(dollars in thousands)September 30, 2025$1,532,497 $18,390 $1,550,887 September 30, 2024$1,229,341 $21,365 $1,250,706 For the nine months endedSeptember 30, 2025$4,268,498 $26,824 $4,295,322 September 30, 2024$3,501,154 $11,046 $3,512,200 *   Represents a non-GAAP financial measure. Refer to disclosures within this section above for additional information on non-GAAP financial measures.

Economic Interest Expense and Economic Net Interest Income (excluding PAA)

 GAAPInterestExpenseAdd: Net Interest Component of Interest Rate Swaps and Net Interest on Initial MarginEconomic InterestExpense * (1)GAAP NetInterestIncomeLess: Net Interest Componentof Interest Rate Swaps and Net Interest on Initial MarginEconomicNet InterestIncome *Add: PAACost(Benefit)Economic Net Interest Income (excluding PAA) *For the three months ended(dollars in thousands)September 30, 2025$1,256,747 $(205,030)$1,051,717 $275,750 $(205,030)$480,780 $18,390 $499,170 September 30, 2024$1,215,940 $(333,696)$882,244 $13,401 $(333,696)$347,097 $21,365 $368,462 For the nine months endedSeptember 30, 2025$3,499,577 $(607,284)$2,892,293 $768,921 $(607,284)$1,376,205 $26,824 $1,403,029 September 30, 2024$3,440,646 $(981,142)$2,459,504 $60,508 $(981,142)$1,041,650 $11,046 $1,052,696 *  Represents a non-GAAP financial measure. Refer to disclosures within this section above for additional information on non-GAAP financial measures