Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 159

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 159
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7 Interest Expense$122,968 $127,526 $(4,558)Net Interest Income$57,537 $50,802 $6,735 Reversal/(Provision) for Credit Losses on Residential Whole Loans$(145)$(398)$253 Reversal/(Provision) for Credit Losses on Other Assets— — — Net Interest Income after Reversal/(Provision) for Credit Losses$57,392 $50,404 $6,988 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$54,380 $(102,339)$156,719 Impairment and other net gain/(loss) on securities and other portfolio investments21,179 (26,179)47,358 Net gain/(loss) on real estate owned(1,508)24 (1,532)Net gain/(loss) on derivatives used for risk management purposes(31,055)69,293 (100,348)Net gain/(loss) on securitized debt measured at fair value through earnings(21,931)43,564 (65,495)Lima One mortgage banking income5,437 8,477 (3,040)Net realized gain/(loss) on residential whole loans held at carrying value(539)$— (539)Other, net(1,451)52 (1,503)Other Income/(Loss), net$24,512 $(7,108)$31,620 Operating and Other Expense:Compensation and benefits$23,257 $18,021 $5,236 Other general and administrative expense10,291 9,993 298 Loan servicing, financing and other related costs7,252 11,044 (3,792)Amortization of intangible assets800 800 — Operating and Other Expense$41,600 $39,858 $1,742 Income/(loss) before income taxes$40,304 $3,438 $36,866 Provision for/(benefit from) income taxes(872)(2,471)1,599 Net Income/(Loss)$41,176 $5,909 $35,267 Less Preferred Stock Dividend Requirement$8,219 $8,219 $— Net Income/(Loss) Available to Common Stock and Participating