← MFA FINANCIAL, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Operating expenses:
Additional Financial Items
Amortization of Intangible Assets — — — $0 $0 $6.6m $9.2m $4.2m $3.2m $2.2m
Debt Securities, Gain (Loss) — — $61.3m $69.1m $74.5m $1.6m — — — —
Gain (Loss) on Sales of Mortgage Backed Securities (MBS) — — — $62.0m $61.7m $0 $84k — — —
Gains (Losses) on Sales of Investment Real Estate — — — ($5.9m) $5.4m $22.8m $25.4m $9.4m $3.1m ($6.8m)
Goodwill, Impairment Loss — — — — — — — — $0 —
Interest Income, Other — $24.8m $28.4m $52.6m $36.0m — — — — —
Other Operating Income $0 $0 $923k $7.2m $9.8m $1.8m $7.4m $9.0m $7.1m $2.0m
Preferred Stock Dividends, Income Statement Impact $15 $15 $15 $15 $30 $33 $33 $33 $33 $40
Realized Investment Gains (Losses) — — — — — — $0 ($5.9m) — —
Residential whole loans $23.9m $36.2m $100.9m $244.0m $258.8m $303.5m $441.2m $537.9m $633.6m $605.6m
Securities, at fair value $432.5m $393.0m $350.9m $527.3m $54.1m $56.7m $28.9m $42.4m $61.1m $121.3m
Other interest-earning assets $0 $0 $923k $7.2m $9.8m $1.8m $7.4m $9.0m $7.1m $2.0m
Cash and cash equivalent investments $774k $4.2m $2.9m $3.4m $676k $344k $4.8m $16.3m $22.2m $16.2m
Interest Income $457.2m $433.4m $455.7m $581.7m $359.4m $362.3m $482.4m $605.6m $724.0m $745.1m
Asset-backed and other collateralized financing arrangements — — $224.1m $315.3m $242.0m $104.6m $243.1m $413.5m $500.0m $495.5m
Net Interest Income $263.8m $236.3m $223.5m $249.4m $90.6m $241.9m $223.6m $176.5m $202.7m $231.1m
Reversal/(Provision) for Credit Losses on Residential Whole Loans — — — — ($22.4m) $44.9m $2.6m $8.9m $3.1m ($936k)
Reversal/(Provision) for Credit Losses on Other Assets — — — — $0 $0 ($28.6m) $0 ($1.1m) $0
Net Interest Income after Reversal/(Provision) for Credit Losses — — $222.7m $246.8m $68.2m $286.8m $197.6m $185.3m $204.7m $230.1m
Net gain/(loss) on residential whole loans measured at fair value through earnings — — — — — $16.2m ($866.8m) $89.8m $46.0m $133.7m
Impairment and other net gain/(loss) on securities and other portfolio investments — — — — — $74.5m ($25.1m) $6.2m ($10.9m) $61.5m
Net gain/(loss) on real estate owned — — — ($5.9m) $5.4m $22.8m $25.4m $9.4m $3.1m ($6.8m)
Net gain/(loss) on derivatives used for risk management purposes — — — — ($61.2m) $1.4m $255.2m $3.8m $78.5m ($35.5m)
Net gain/(loss) on securitized debt measured at fair value through earnings — — — — ($11.9m) $15.0m $290.6m ($99.6m) ($64.8m) ($55.2m)
Lima One mortgage banking income — — — — — — $46.7m $43.4m $32.9m $22.8m
Net realized gain/(loss) on residential whole loans held at carrying value — — — — ($273.0m) $0 $0 ($1.2m) $418k ($882k)
Other, net $13.8m $29.4m $5.5m $14.9m ($18.9m) $30.0m $9.3m $11.3m $115k ($18.7m)
Other Income/(Loss), net — — $158.0m $225.9m ($606.1m) $165.1m ($264.6m) $63.1m $85.4m $101.0m
Compensation and benefits $29.3m $31.7m $28.4m $32.2m $31.0m $53.8m $76.7m $85.8m $87.7m $77.7m
Income/(loss) before income taxes — — — — — — ($232.4m) $80.4m $119.7m $176.0m
Provision for/(benefit from) income taxes $0 $0 $0 — $0 $2.7m ($851k) $278k $443k ($735k)
Less Preferred Stock Dividend Requirement $15.0m $15.0m $15.0m $15.0m $29.8m $32.9m $32.9m $32.9m $32.9m $40.3m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — — — — $119.7m $176.0m
Gain (Loss) on Derivative Instruments, Net, Pretax — — — $0 ($57.0m) $0 — — — —
Net Income (Loss) Attributable to Parent $312.7m $322.4m $301.8m $378.1m ($679.4m) $328.9m ($231.6m) $80.2m $119.3m $176.8m
Net Income (Loss) Available to Common Stockholders, Basic $297.7m $307.4m $286.8m $362.0m ($709.4m) $295.0m ($265.1m) $47.3m $85.9m $135.7m
Earnings Per Share, Basic — $0.79 $0.68 $0.80 ($1.57) $0.67 ($2.57) $0.46 $0.83 $1.31
Earnings Per Share, Diluted $0.80 $0.79 $0.68 $0.79 ($1.57) $0.66 ($2.57) $0.46 $0.82 $1.30
Common Stock, Dividends, Per Share, Declared — $0.79 $0.68 $0.80 $0.12 $0.39 $1.67 $1.40 $1.40 $1.44
Weighted Average Number of Shares Outstanding, Basic — — — 451.0m 452.0m 442.8m 103.2m 102.2m 103.5m 103.6m
Weighted Average Number of Shares Outstanding, Diluted — — — 467.8m 452.0m 473.9m 103.2m 103.6m 105.1m 104.0m
General and Administrative Expense — — — — — — $112.5m — — —
Other General and Administrative Expense $16.3m $18.0m $17.7m $20.4m $25.7m $31.7m $35.8m $44.1m $44.3m $41.7m
Labor and Related Expense $29.3m $31.7m $28.4m $32.2m $31.0m $53.8m $76.7m $85.8m $87.7m $77.7m
Operating Lease, Expense — — — $2.7m $3.0m — $6.5m $6.7m $7.4m $8.6m
Other Cost and Expense, Operating $14.4m $22.3m $33.6m $41.9m $40.4m $30.9m $42.9m $34.1m $35.3m $33.4m
Loan servicing, financing and other related costs $14.4m $22.3m $33.6m $44.5m $40.4m $30.9m $42.9m $34.1m $35.3m $33.4m
Operating and Other Expense $60.0m $71.9m $79.7m $97.1m $141.5m $123.0m $164.6m $168.3m $170.4m $155.1m
Interest Expense $193.4m $197.1m $232.2m $332.4m $268.8m $120.4m $258.8m $429.1m $521.2m $514.0m
Interest Expense, Debt — $10.8m $26.8m $17.0m $26.7m $15.8m $15.8m $15.6m — —
Interest Expense Operating — — — — — — — — $521.2m $514.0m
Other interest expense $8.4m $10.8m $26.8m $40.3m $26.7m $15.8m $15.8m $15.6m $21.2m $18.4m
Current Income Tax Expense (Benefit) — — — — — $2.7m ($1.0m) ($21k) $443k ($735k)
Interest Income (Expense), Net $263.8m $236.3m $223.5m $249.4m $90.6m $241.9m $223.6m $176.5m $202.7m $231.1m
Other Operating Income (Expense), Net $13.8m $29.4m $5.5m ($1.4m) ($18.9m) $30.0m $9.3m $11.3m $115k ($18.7m)
Income Tax Expense (Benefit) $0 $0 $0 — $0 $2.7m ($851k) $278k $443k ($735k)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.