Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 59

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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257 $25,468 Other general and administrative expense10,291 11,995 Loan servicing, financing and other related costs7,252 7,042 Amortization of intangible assets800 800 Operating and Other Expense$41,600 $45,305 Income/(loss) before income taxes$40,304 $24,262 Provision for/(benefit from) income taxes(872)1,049 Net Income/(Loss)$41,176 $23,213 Less Preferred Stock Dividend Requirement$8,219 $8,219 Net Income/(Loss) Available to Common Stock and Participating Securities$32,957 $14,994 Basic Earnings/(Loss) per Common Share$0.32 $0.14 Diluted Earnings/(Loss) per Common Share$0.31 $0.14 

The accompanying notes are an integral part of the consolidated financial statements.

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Table of Contents

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)(UNAUDITED)Three Months EndedMarch 31,(In Thousands)20252024Net income/(loss)$41,176 $23,213 Other Comprehensive Income/(Loss):  Unrealized gains/(losses) on securities available-for-sale(1,034)1,828 Reclassification adjustment for securities sales included in net income/(loss)(226)— Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk— — Other Comprehensive Income/(Loss)(1,260)1,828 Comprehensive Income/(Loss) before preferred stock dividends$39,916 $25,041 Dividends required on preferred stock(8,219)(8,219)Comprehensive Income/(Loss) Available to Common Stock and Participating Securities$31,697 $16,822 

The accompanying notes are an integral part of the consolidated financial statements.

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MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(UNAUDITED)Three Months Ended March 31, 2025(In Thousands, Except Per Share Amounts)Preferred Stock7.50% Series B Cumulative Redeemable - Liquidation Preference $25.00 per SharePreferred Stock6.50% Series C Fixed-to