Mfa financial, inc. (MFO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Interest Income:
Residential whole loans held at carrying value

243,980

100,921

36,187

23,916

16,036

4,083

0

0

-

-

-

-

MSR-related assets

52,647

28,420

24,830

2,100

0

-

-

-

-

-

-

-

Non-Agency MBS transferred to consolidated VIEs

-

-

-

-

-

-

-

-

153,563

13,281

-

-

Cash and cash equivalent investments

3,393

2,936

4,249

774

130

89

124

127

136

385

1,097

7,729

Other interest-earning assets

7,152

923

0

0

-

-

-

-

-

-

-

-

Income notes

-

-

-

-

-

-

-

-

-

-

-

50

Interest and Dividend Income, Operating

581,726

455,675

433,448

457,450

492,143

463,817

482,940

499,157

496,747

391,338

505,561

527,517

Interest Expense:
Repurchase agreements

292,050

205,338

186,347

184,986

166,918

145,244

143,885

148,767

137,739

144,212

229,406

342,688

Senior Notes and other interest expense

-

-

-

-

-

14,564

8,028

5,797

0

-

-

-

Other interest expense

40,306

26,848

10,794

8,369

10,030

-

12,100

17,106

11,672

913

-

-

Interest Expense

332,356

232,186

197,141

193,355

176,948

159,808

164,013

171,670

149,411

145,125

229,406

342,688

Net Interest Income

249,370

223,489

236,307

264,095

315,195

304,009

318,927

327,487

347,336

246,213

276,155

184,829

Total other-than-temporary impairment losses

-

-

-

-

525

0

0

879

45,144

6,042

85,110

5,051

Portion of loss reclassed from other comprehensive income

-

-

-

-

180

0

0

321

-34,574

6,235

67,182

-

OTTI recognized in earnings

-

-

-

-

705

0

0

1,200

10,570

12,277

17,928

5,051

Other Income, net:
Net gain on residential whole loans measured at fair value through earnings

158,330

137,619

90,045

62,605

19,575

116

0

0

-

-

-

-

Net realized gain on sales of residential mortgage securities

62,002

61,307

39,577

35,837

34,900

37,497

25,825

9,001

6,730

-

-

-

Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings

7,080

-36,815

27,709

12,962

-

-

-

-

-

-

-

-

Net loss on Swaps not designated as hedges for accounting purposes

-16,500

-9,610

0

0

-

-

-7,517

0

0

-

-

-

Unrealized net gains and net interest income from Linked Transactions

-

-

-

-

-

17,092

3,225

12,610

3,015

53,762

8,829

-

Other, net

14,945

5,474

656

-2,847

-3,310

80

219

10

-914

-

43

298

Gain on sales of MBS

-

-

-

-

-

-

-

-

-

33,739

22,617

-24,530

Revenue from operations of real estate held-for-sale

-

-

-

-

-

-

-

-

1,566

1,464

1,520

1,603

Loss on termination of Swaps

-

-

-

-

-

-

-

-

-

-

-

-92,467

Loss on termination of repurchase agreements

-

-

-

-

-

-

-

-

-

26,815

-

-

Gain on sale of properties, net

-

-

-

-

-

-

-

-

430

-

-

-

Other Income, net

225,857

157,975

157,987

108,557

51,165

54,785

21,752

21,621

10,827

62,150

33,009

-115,096

Operating and Other Expense:
Compensation and benefits

32,235

28,423

31,673

29,281

26,293

25,581

20,328

22,089

18,959

16,092

14,065

10,470

Other general and administrative expense

20,413

17,653

17,960

16,331

15,752

15,164

13,361

11,480

11,250

8,571

7,189

6,638

Loan servicing and other related operating expenses

44,462

33,587

22,268

14,372

10,384

3,383

0

0

-

-

-

-

Excise tax and interest

-

-

-

-

-

1,162

2,250

7,500

0

-

-

-

Impairment of resecuritization related costs

-

-

-

-

-

-

2,031

0

0

-

-

-

Real estate held-for-sale operating expense

-

-

-

-

-

-

-

-

970

1,661

1,793

1,777

Costs and Expenses

97,110

79,663

71,901

59,984

52,429

45,290

37,970

41,069

31,179

26,324

23,047

18,885

Net Income (Loss) Attributable to Parent

378,117

301,801

322,393

312,668

313,226

313,504

302,709

306,839

316,414

269,762

268,189

45,797

Preferred Stock Dividends, Income Statement Impact

15,000

15,000

15,000

15,000

15,000

15,000

13,750

8,160

8,160

8,160

8,160

8,160

Net Income Available to Common Stock and Participating Securities

363,117

286,801

307,393

297,668

298,226

298,504

285,012

298,679

308,254

261,602

260,029

37,637

Less Issuance Costs of Redeemed Preferred Stock

-

-

-

-

-

-

3,947

0

0

-

-

-

Earnings Per Share, Basic and Diluted

-

-

-

0.80

0.80

0.81

0.78

0.83

0.90

0.93

1.06

-

Basic Earnings per Common Share (in dollars per share)

0.80

0.68

0.79

-

-

-

-

-

-

-

-

0.21

Diluted Earnings per Common Share (in dollars per share)

0.79

0.68

0.79

-

-

-

-

-

-

-

-

0.21

Agency MBS
Interest Income, Securities, Mortgage Backed

55,901

62,303

65,355

83,069

-

-

-

-

241,994

250,602

440,357

499,887

Non-Agency MBS
Interest Income, Securities, Mortgage Backed

200,070

226,796

271,112

-

-

-

-

-

101,054

127,070

64,107

19,851

CRT securities
Interest Income, Securities, Mortgage Backed

18,583

33,376

31,715

14,770

-

-

-

-

-

-

-

-