MFA Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	745.06	723.97	605.6	482.42	362.3
Total Interest Expense	513.98	521.23	429.12	258.84	120.39
Net Interest Income	231.08	202.73	176.48	223.58	241.92
Gain (Loss) on Sale of Loans & Receivables	132.81	46.41	88.61	-866.76	16.24
Gain (Loss) on Sale of Investments	6.33	-75.68	-93.36	265.57	89.52
Other Revenue	-43.88	104.2	67.87	335.93	56.51
Revenue Before Loan Losses	326.34	277.66	239.59	-41.69	404.19
Provision for Loan Losses	0.94	-1.95	-8.85	25.93	-44.86
Revenue	325.4	279.61	248.45	-67.62	449.06
Revenue Growth (YoY)	16.38%	12.54%	-	-	-
Salaries & Employee Benefits	77.83	87.69	86.39	75.6	54.35
Cost of Services Provided	75.03	79.52	77.42	80.02	59.23
Other Operating Expenses	-5.7	-10.5	-	-	-
Total Operating Expenses	149.36	159.91	168	164.81	120.19
Operating Income	176.05	119.69	80.44	-232.43	328.87
EBT Excluding Unusual Items	176.05	119.69	80.44	-232.43	328.87
Pretax Income	176.05	119.69	80.44	-232.43	328.87
Income Tax Expense	-0.74	0.44	0.28	-0.85	-
Net Income	176.78	119.25	80.16	-231.58	328.87
Preferred Dividends & Other Adjustments	41.1	33.33	32.88	33.5	33.92
Net Income to Common	135.68	85.92	47.29	-265.08	294.95
Net Income Growth	48.24%	48.76%	-	-	-
Shares Outstanding (Basic)	104	103	102	103	111
Shares Outstanding (Diluted)	104	105	104	103	119
Shares Change (YoY)	-1.07%	1.47%	0.41%	-13.09%	5.03%
EPS (Basic)	1.31	0.83	0.46	-2.57	2.66
EPS (Diluted)	1.30	0.82	0.46	-2.57	2.63
EPS Growth	58.54%	78.26%	-	-	-
Free Cash Flow	76.25	200.12	108.74	355.35	137.8
Free Cash Flow Per Share	0.73	1.90	1.05	3.44	1.16
Dividend Per Share	1.440	1.400	1.400	1.670	1.540
Dividend Growth	2.86%	-	-16.17%	8.44%	208.00%
Operating Margin	54.10%	42.81%	32.38%	-	73.24%
Profit Margin	41.70%	30.73%	19.03%	-	65.68%
Free Cash Flow Margin	23.43%	71.57%	43.77%	-	30.69%
Effective Tax Rate	-	0.37%	0.35%	-	-

Updated Feb 18, 2026. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

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