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

243,980

210,858

176,156

136,212

100,921

71,775

51,251

41,816

36,187

34,005

30,922

28,180

23,916

20,330

18,446

16,881

16,036

14,703

11,867

7,674

4,083

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

MSR-related assets

52,647

46,403

37,536

31,417

28,420

27,246

28,033

27,719

24,830

19,933

12,739

6,834

2,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Agency MBS transferred to consolidated VIEs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

171,630

177,223

171,218

153,563

0

0

0

-

-

-

-

-

-

Cash and cash equivalent investments

3,393

3,291

3,142

2,791

2,936

3,743

4,441

4,803

4,249

3,097

1,866

989

774

573

384

243

130

114

102

90

89

94

95

114

124

136

153

144

127

114

101

101

136

205

301

386

385

435

574

0

0

0

Other interest-earning assets

7,152

5,195

3,516

2,229

923

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and Dividend Income, Operating

581,726

561,352

536,063

492,875

455,675

423,832

411,533

419,943

433,448

445,357

452,940

457,290

457,450

463,139

470,129

479,618

492,143

485,488

477,939

472,585

463,817

473,022

479,347

481,376

482,940

486,859

493,512

498,372

499,157

498,183

503,814

510,392

496,747

470,350

437,001

393,519

391,338

418,289

447,609

0

0

0

Interest Expense:
Repurchase agreements

292,050

283,445

260,086

230,430

205,338

187,735

183,157

183,725

186,347

189,303

189,158

187,930

184,986

181,309

176,482

171,131

166,918

158,626

153,230

149,697

145,244

148,054

149,232

145,939

143,885

142,313

144,517

147,372

148,767

146,865

142,472

140,755

137,739

137,069

137,609

138,815

144,212

0

0

0

-

-

Senior Notes and other interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,564

8,031

8,030

8,028

8,028

8,027

7,804

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Other interest expense

40,306

37,392

33,806

30,228

26,848

22,002

16,977

13,621

10,794

9,211

8,248

8,174

8,369

8,634

8,997

9,477

10,030

0

0

0

-

8,190

9,605

10,809

12,100

13,301

14,948

16,525

17,106

16,771

16,122

14,130

11,672

0

0

0

-

-

-

-

-

-

Interest Expense

332,356

320,837

293,892

260,658

232,186

209,737

200,134

197,346

197,141

198,514

197,406

196,104

193,355

189,943

185,479

180,608

176,948

169,452

165,107

162,827

159,808

164,275

166,867

164,776

164,013

163,640

167,491

171,701

171,670

167,427

160,378

154,885

149,411

146,069

142,781

141,327

145,125

162,632

185,174

0

0

0

Net Interest Income

249,370

240,515

242,171

232,217

223,489

214,095

211,399

222,597

236,307

246,843

255,534

261,186

264,095

273,196

284,650

299,010

315,195

316,036

312,832

309,758

304,009

308,747

312,480

316,600

318,927

323,219

326,021

326,671

327,487

330,756

343,436

355,507

347,336

324,281

294,220

252,192

246,213

255,657

262,435

0

0

0

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

0

0

-

1,255

0

130

525

525

525

395

0

0

0

0

-

-

-

-

879

15,792

16,429

0

-

0

0

-

-

-

0

-

-

0

Portion of loss reclassed from other comprehensive income

-

-

-

-

-

-

-

-

-

-

0

0

-

-770

0

168

180

180

180

12

0

0

0

0

-

-

-

-

321

-10,601

-12,356

0

-

0

0

-

-

-

0

-

-

0

OTTI recognized in earnings

-

-

-

-

-

-

-

-

-

-

0

0

-

485

0

298

705

705

705

407

0

0

0

0

-

-

-

-

1,200

5,191

7,583

0

-

0

0

-

-

-

0

-

-

0

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

158,330

148,651

143,418

124,388

137,619

147,241

130,978

114,743

90,045

63,563

64,523

64,057

62,605

56,481

42,407

29,889

19,575

10,939

5,374

2,150

116

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gain on sales of residential mortgage securities

62,002

78,673

77,380

77,099

61,307

41,708

40,226

38,686

39,577

40,298

32,448

35,800

35,837

35,721

39,834

38,210

34,900

37,442

40,126

40,361

37,497

31,450

31,250

27,763

25,825

21,447

12,046

7,681

9,001

0

0

0

-

-

-

-

-

-

-

-

-

-

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

7,080

-16,938

-24,912

-27,263

-36,815

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on Swaps not designated as hedges for accounting purposes

-16,500

-31,232

-26,301

-18,554

-9,610

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized net gains and net interest income from Linked Transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,092

11,026

9,011

4,940

3,225

2,951

5,584

6,447

12,610

4,489

2,045

-4,136

3,015

22,428

43,002

55,812

53,762

0

0

0

-

-

Other, net

14,945

12,256

7,755

5,814

5,474

-8,286

-14,346

-2,631

656

2,152

13,846

1,046

-2,847

7,161

-277

-3,002

-3,310

-892

-579

807

80

400

401

-252

219

166

112

0

-

0

0

-

-

0

0

-

-

-

-

-

-

0

Gains on MBS Forwards, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Gain on sales of MBS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

33,739

47,234

0

0

-

0

Revenue from operations of real estate held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,566

1,510

1,489

1,471

1,464

1,478

1,493

0

0

0

Loss on termination of repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,815

0

0

0

-

-

Other Income, net

225,857

191,410

177,340

161,484

157,975

200,978

181,716

177,654

157,987

118,948

123,752

113,838

108,557

99,363

81,964

65,097

51,165

54,995

54,986

57,159

54,785

44,083

33,145

24,934

21,752

15,847

17,749

14,193

21,621

15,079

12,043

6,248

10,827

27,248

44,503

57,283

62,150

50,460

42,662

0

0

0

Operating and Other Expense:
Compensation and benefits

32,235

32,084

31,032

30,229

28,423

26,069

30,093

30,628

31,673

34,032

30,218

29,667

29,281

28,041

27,445

26,954

26,293

26,962

26,450

25,820

25,581

22,855

22,179

21,562

20,328

21,188

21,878

21,750

22,089

20,120

19,613

19,448

18,959

19,156

17,785

16,847

16,092

16,237

15,743

0

0

0

Other general and administrative expense

20,413

19,685

18,818

18,466

17,653

17,469

17,395

17,567

17,960

17,883

17,511

16,638

16,331

16,587

16,416

16,213

15,752

14,961

15,254

14,657

15,164

15,062

14,665

14,145

13,361

12,976

12,208

11,857

11,480

11,948

12,313

11,892

11,250

10,557

9,529

8,879

8,571

7,708

7,683

0

0

0

Loan servicing and other related operating expenses

44,462

41,781

39,753

37,743

33,587

31,052

28,471

24,742

22,268

18,892

16,882

15,647

14,372

13,943

12,751

11,519

10,384

8,954

6,588

5,382

3,383

1,135

526

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excise tax and interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Impairment of resecuritization related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Real estate held-for-sale operating expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

970

1,137

1,206

1,522

1,661

1,742

1,889

0

0

0

Costs and Expenses

97,110

93,550

89,603

86,438

79,663

74,590

75,959

72,937

71,901

70,807

64,611

61,952

59,984

58,571

56,612

54,686

52,429

50,864

48,279

47,021

45,290

40,477

40,826

39,988

37,970

45,695

43,586

41,107

41,069

32,264

32,359

32,003

31,179

30,850

28,520

27,248

26,324

25,687

25,315

0

0

0

Net Income (Loss) Attributable to Parent

378,117

338,375

329,908

307,263

301,801

341,515

318,188

327,728

322,393

294,437

313,643

312,658

312,668

313,503

310,002

309,123

313,226

319,462

318,834

319,489

313,504

312,353

304,799

301,546

302,709

293,371

300,184

299,477

306,839

308,184

313,742

318,262

316,414

307,431

300,946

269,950

269,762

275,018

266,910

0

0

0

Preferred Stock Dividends, Income Statement Impact

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,460

13,750

12,040

10,330

8,160

8,160

8,160

8,160

8,160

8,160

8,160

8,160

8,160

8,160

8,160

8,160

0

0

0

Net Income Available to Common Stock and Participating Securities

363,117

323,375

314,908

292,263

286,801

326,515

303,188

312,728

307,393

279,437

298,643

297,658

297,668

298,503

295,002

294,123

298,226

304,462

303,834

304,489

298,504

297,353

289,799

282,139

285,012

277,384

285,907

291,317

298,679

300,024

305,582

310,102

308,254

299,271

292,786

261,790

261,602

266,858

258,750

0

0

0

Less Issuance Costs of Redeemed Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

-

-

-

0.19

-

-

-

0.20

-

0.15

0.20

0.20

0.19

0.21

0.20

0.20

0.19

0.20

0.20

0.21

0.21

0.20

0.20

0.20

0.19

0.19

0.19

0.21

0.19

0.21

0.20

0.23

0.18

0.23

0.22

0.27

-

0.27

-

-

-

-

Basic Earnings per Common Share (in dollars per share)

-

0.20

0.20

-

-

0.19

0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.16

0.29

0.25

0.30

Diluted Earnings per Common Share (in dollars per share)

-

0.20

0.20

-

-

0.19

0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.16

0.29

0.25

0.30

Dividends Declared per Share of Common Stock (in dollars per share)

-

-

-

-

-

-

-

-

-

0.20

0.20

0.20

-

0.20

0.20

0.20

-

0.20

0.20

0.20

-

0.20

0.20

0.20

-

0.50

0.22

0.72

-

0.21

0.23

0.24

-

0.25

0.25

0.23

-

0.19

0.24

0.00

0.25

0.22

Agency MBS
Interest Income, Securities, Mortgage Backed

55,901

65,029

67,555

65,451

62,303

58,136

59,337

62,754

65,355

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

205,928

218,687

235,119

241,994

243,117

243,550

232,098

250,602

0

0

0

-

-

Non-Agency MBS
Interest Income, Securities, Mortgage Backed

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

120,511

107,803

103,954

101,054

103,312

115,839

120,999

127,070

0

0

0

-

-

CRT securities
Interest Income, Securities, Mortgage Backed

18,583

22,982

26,479

30,080

33,376

34,756

35,684

34,835

31,715

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0