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MFA Financial Income Statement

Revenue, expenses, and profitability over time

MFA Financial generated $756.5M in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $134.6M with a 17.8% net margin. Diluted EPS is $0.88, which declined 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$756.5MNet Income (TTM)$134.6MEps Diluted (TTM)$0.88
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$975.3M
P/E Ratio7.24
ROE7.44%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net$54K-$1.5M-$5.5M-$9.8M-$2M$1.9M
Amortization of Finite-Lived Intangible Assets$800K$800K$800K$300K$300K$300K
Amortization expense$800K$800K$800K$300K$300K$300K
Compensation and benefits$18M$23.3M$19.3M$18.2M$16.9M$22.2M
Other Costs and Expenses$11M$7.3M$8.6M$10.2M$7.4M$9.9M
Other operating charges$11M$7.3M$8.6M$10.2M$7.4M$9.9M
Other operating income (expense), net$54K-$1.5M-$5.5M-$9.8M-$2M$1.9M
Other operating expenses$54K-$1.5M-$5.5M-$9.8M-$2M$1.9M
Other Operating Income$717K$398K$528K$515K$523K$491K
Total operating expenses$39.9M$41.6M$39.3M$39.5M$34.7M$44.5M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income$54K-$1.5M-$5.5M-$9.8M-$2M$1.9M
Other operating income$717K$398K$528K$515K$523K$491K
Other Operating Income$717K$398K$528K$515K$523K$491K
Other operating income (expense), net$54K-$1.5M-$5.5M-$9.8M-$2M$1.9M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Income on Deposits with Banks$5.1M$4.1M$4.5M$4.3M$3.4M$2.6M
Net interest income$50.8M$57.5M$61.3M$56.8M$55.5M$59.2M
Net interest income after provision for credit losses$50.4M$57.4M$60.5M$56.5M$55.8M$59.4M
Total interest income$178.3M$180.5M$188.3M$185.8M$190.4M$191.9M
Total revenue$178.3M$180.5M$188.3M$185.8M$190.4M$191.9M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.00$0.32$0.22$0.36$0.42$-0.11
Diluted earnings per share$0.00$0.31$0.21$0.35$0.43$-0.11

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$3.4M$40.3M$33.4M$48M$54.3M-$984K

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense—-$872K$238K-$101K$0$0

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$127.5M$123M$127.1M$129M$134.9M$132.7M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$5.9M$41.2M$33.2M$48.1M$54.3M-$984K
Preferred stock dividends$8.2M$8.2M$10.6M$10.8M$10.7M$10.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets$800K$800K$800K$300K$300K$300K
Net gain/(loss) on securitized debt measured at fair value through earnings—-$21.9M-$7.1M-$24.6M-$1.5M$19.8M
Economic foreign currency exchange contracts$69.3M-$31.1M-$18.3M$200K—$30.7M
Gain (loss) on real estate dispositions, net$24K-$1.5M-$2.9M$300K-$2.6M-$3M
Impairment and Other Losses (Gains) On Securities And Other Investments$26.2M-$21.2M-$6.6M-$18M-$15.7M$38.3M
Interest and Dividend Income, Operating$178.3M$180.5M$188.3M$185.8M$190.4M$191.9M
Residential whole loans$152.8M$151.3M$154.6M$153.3M$146.4M$143.1M
Asset-backed and other collateralized financing arrangements$123M$118.4M$122.5M$124.4M$130.2M$127.8M
Interest Income, Deposits with Financial Institutions$5.1M$4.1M$4.5M$4.3M$3.4M$2.6M
Interest Income (Expense), after Provision for Loan Loss$50.4M$57.4M$60.5M$56.5M$55.8M$59.4M
Interest Income (Expense), Operating$50.8M$57.5M$61.3M$56.8M$55.5M$59.2M
Interest Income Securities Mortgage Backed$19.7M$24.7M$28.8M$27.7M$40.1M$45.8M
Lima One mortgage banking income$8.5M$5.4M$6.1M$5.6M$5.7M$7.7M
Net realized gain/(loss) on residential whole loans held at carrying value$0-$539K-$343K$0$0$0
Net gain/(loss) on residential whole loans measured at fair value through earnings—$54.4M$33.6M$41.3M$4.4M-$34.8M
Net Income (Loss) Available To Common Stockholders, Basic And Participating Securities$0$33M$22.6M$37.3M$43.6M-$11.4M
Noninterest Income (Loss), Net$0$24.5M$12.3M$31M$33.2M-$15.9M
Other General and Administrative Expense$10M$10.3M$10.6M$10.8M$10.1M$12.2M
Other income, net$54K-$1.5M-$5.5M-$9.8M-$2M$1.9M
Provision (benefit) for other credit losses$0$0$0$0$0$0
(Reversal) Provision For Credit Losses on Residential Whole Loans—$145K$791K$276K—-$242K