The earnings call reflects a balanced sentiment. The company achieved strong economic returns, increased securitization activity, and demonstrated growth in net interest income and Lima One loan origination. However, these achievements are balanced by a decline in economic book value, significant impact from credit losses on distributable earnings, and challenges with nonperforming transitional loans.

Company Guidance -

Q3 2025

The guidance provided during the MFA Financial, Inc. Second Quarter 2025 Financial Results Conference Call highlighted several key metrics and financial outcomes. The company's portfolio delivered a total economic return of 1.5% for the second quarter and 3.4% year-to-date, including the quarterly dividends increased to $0.36 per share in the first quarter. Distributable earnings for the quarter were reported at $0.24 per share, impacted by realized credit losses on certain business purpose loans, which, absent these losses, would have been $0.35 per share. The economic book value decreased modestly by 1% during the quarter. MFA sourced $876 million in loans and securities, with specific allocations to non-QM loans, Agency MBS, and business purpose loans. The overall leverage at the end of the quarter was 5.2x, with recourse leverage at 1.8x. The company also highlighted its ongoing efforts to improve its cost structure, expecting a reduction in G&A expenses by 7% to 10% per year from 2024 levels.

Portfolio Economic Return

The portfolio delivered a total economic return of 1.5% for the second quarter and 3.4% year-to-date, including the first two quarterly dividends which increased to $0.36 in the first quarter.

Non-QM Securitization Success

Issued the 18th non-QM securitization in early May and priced the 19th non-QM securitization due to strong investor demand.

Loan and Securities Sourcing

$876 million sourced in loans and securities across target asset classes, including $503 million of non-QM loans, $131 million of Agency MBS, and $217 million of business purpose loans at Lima One.

Continued Growth in Net Interest Income

Net interest income grew to $61.3 million, marking the third consecutive quarter of growth, driven by higher-yielding assets.

Lima One Origination Increase

Lima One originated $217 million of business purpose loans during the quarter, a slight increase from the first quarter, and hired 15 new loan officers.

MFA Financial (MFA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MFA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.30 / -	0.37	―	―	―
Aug 06, 2025	2025 (Q2)	0.29 / 0.24	0.44	-45.45% (-0.20)
May 06, 2025	2025 (Q1)	0.32 / 0.29	0.35	-17.14% (-0.06)
Feb 19, 2025	2024 (Q4)	0.40 / 0.39	0.49	-20.41% (-0.10)
Nov 06, 2024	2024 (Q3)	0.41 / 0.37	-0.64	157.81% (+1.01)
Aug 08, 2024	2024 (Q2)	0.38 / 0.44	-0.34	229.41% (+0.78)
May 06, 2024	2024 (Q1)	0.39 / 0.35	0.62	-43.55% (-0.27)
Feb 22, 2024	2023 (Q4)	0.38 / 0.49	-0.02	2550.00% (+0.51)
Nov 07, 2023	2023 (Q3)	0.44 / -0.64	-0.62	-3.23% (-0.02)
Aug 03, 2023	2023 (Q2)	0.38 / -0.34	-1.06	67.92% (+0.72)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MFA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$9.17	$9.19	+0.22%
May 06, 2025	$9.54	$9.03	-5.35%
Feb 19, 2025	$9.58	$9.60	+0.21%
Nov 06, 2024	$11.06	$10.26	-7.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does MFA Financial (MFA) report earnings?

MFA Financial (MFA) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is MFA Financial (MFA) earnings time?

MFA Financial (MFA) earnings time is at Nov 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MFA EPS forecast?

MFA EPS forecast for the fiscal quarter 2025 (Q3) is 0.3.

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