Company Analysis

MFA Financial Inc (MFAN)

NYSE: MFAN · Real Estate Investment Trusts · New York, NY · filing with the SEC since 1998
Grade5.2
◀ Past 4.1● Present 5.6▶ Future 5.7

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 20, 2026Feb 20, 2025Feb 22, 2024Feb 24, 2023Feb 23, 2022Feb 23, 2021Feb 21, 2020Feb 21, 2019Feb 15, 2018Feb 16, 2017
For lenders
Interest and dividend income745,064723,965605,597482,419362,302432,832r695,907r455,675433,448457,450r
Interest and investment income·····35,95752,64728,42024,8302,100
Interest expense on deposits and borrowings513,980521,234429,118258,843······
Net interest income231,084202,731176,479223,576241,917164,074r363,551r223,489236,307264,095r
Provision for credit losses········-660-175
Net interest income after provision230,148204,680185,332197,643286,780141,693r360,982r222,716··
Noninterest income······225,857157,975157,987r108,557r
General and administrative···112,54085,546·····
Total costs and expenses155,055170,414168,004r164,811r120,187r141,51494,541r78,890r71,90159,984
Interest expense··429,118258,843120,385268,758332,356232,186197,141193,355
Income before income taxes176,048119,69480,442-232,432······
Income tax expense-735443278-8512,6692,001r499r000
Net income176,783119,25180,164-231,581328,870-679,390378,117301,801322,393312,668
Preferred dividends40,31832,87532,87532,87532,87529,79615,00015,00015,00015,000
Net income to common shareholders135,68485,92347,289-265,083294,951-709,415362,030285,858r306,502r297,668
Earnings per share, basic1.310.830.46-2.572.66r-6.28r3.20b2.72b3.16b·
Earnings per share, diluted1.300.820.46-2.572.63r-6.28r3.16b2.72b3.16b·
Earnings per share, basic and diluted·······2.72b3.16b3.20b
Weighted average shares, basic103,554,000103,489,000102,215,000103,153,000110,704,000r113,008,000r112,743,000b104,733,500b97,089,250b·
Weighted average shares, diluted103,981,000105,102,000103,578,000103,153,000118,691,000r113,008,000r116,942,250b104,733,500b97,089,250b·
Weighted average shares, basic and diluted·······104,733,500b97,089,250b92,780,500b
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-4 reverse split of Apr 2022.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating
Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther
Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanAndLeaseLosses
Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses
Interest expense what its borrowing costus-gaap:InterestExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton MFAN · research, not advice