MFA Financial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	732.97	723.97	605.6	482.42	362.3	432.83
Total Interest Expense	506.56	521.23	429.12	258.84	120.39	268.76
Net Interest Income	226.41	202.73	176.48	223.58	241.92	164.07
Gain (Loss) on Sale of Loans & Receivables	26.06	46.41	88.61	-866.76	16.24	-256.64
Gain (Loss) on Sale of Investments	9.53	-75.68	-93.36	265.57	89.52	-362.5
Other Revenue	18.62	104.2	53.47	335.93	56.51	-60.43
Revenue Before Loan Losses	280.62	277.66	225.19	-41.69	404.19	-515.5
Provision for Loan Losses	1.61	-1.95	-8.85	25.93	-44.86	22.38
Revenue	279.01	279.61	234.05	-67.62	449.06	-537.88
Revenue Growth (YoY)	-23.81%	19.47%	-	-	-	-
Salaries & Employee Benefits	78.81	87.69	86.39	75.6	54.35	30.13
Cost of Services Provided	78.73	79.52	77.42	80.02	59.23	66.95
Other Operating Expenses	-6.4	-10.5	-14.4	-	-	-
Total Operating Expenses	153.84	159.91	153.6	164.81	120.19	97.08
Operating Income	125.17	119.69	80.44	-232.43	328.87	-634.96
EBT Excluding Unusual Items	125.17	119.69	80.44	-232.43	328.87	-634.96
Other Unusual Items	-	-	-	-	-	-44.43
Pretax Income	125.17	119.69	80.44	-232.43	328.87	-679.39
Income Tax Expense	-3.21	0.44	0.28	-0.85	-	-
Net Income	128.37	119.25	80.16	-231.58	328.87	-679.39
Preferred Dividends & Other Adjustments	38.51	33.33	32.88	33.5	33.92	30.03
Net Income to Common	89.86	85.92	47.29	-265.08	294.95	-709.42
Net Income Growth	-36.79%	48.76%	-	-	-	-
Shares Outstanding (Basic)	104	103	102	103	111	113
Shares Outstanding (Diluted)	105	105	104	103	119	113
Shares Change (YoY)	-1.44%	1.47%	0.41%	-13.09%	5.03%	-3.36%
EPS (Basic)	0.87	0.83	0.46	-2.57	2.66	-6.28
EPS (Diluted)	0.86	0.82	0.46	-2.57	2.63	-6.28
EPS Growth	-46.31%	78.26%	-	-	-	-
Free Cash Flow	150.07	200.12	108.74	355.35	137.8	33.53
Free Cash Flow Per Share	1.43	1.90	1.05	3.44	1.16	0.30
Dividend Per Share	1.430	1.400	1.400	1.670	1.540	0.500
Dividend Growth	2.14%	-	-16.17%	8.44%	208.00%	-84.38%
Operating Margin	44.86%	42.81%	34.37%	-	73.24%	-
Profit Margin	32.21%	30.73%	20.21%	-	65.68%	-
Free Cash Flow Margin	53.79%	71.57%	46.46%	-	30.69%	-
Effective Tax Rate	-	0.37%	0.35%	-	-	-

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

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