The earnings call reveals a mixed performance for MFA Financial. There are strong highlights, including growth in the investment portfolio, successful securitizations, and advancements at Lima One. However, these are counterbalanced by ongoing challenges such as credit losses impacting earnings, a slight decline in economic book value, and transitional loan delinquencies. The sentiment is mixed but leans slightly towards positive due to the company's strategic initiatives and growth potential.

Company Guidance

During the MFA Financial Inc. second quarter 2025 earnings call, the company provided several key metrics and insights into their performance and economic environment. MFA reported a total economic return of 1.5% for the quarter and 3.4% year-to-date, with a distributable earnings (DE) of $0.24 per share, slightly impacted by credit losses on certain business purpose loans. The economic book value decreased modestly by 1% to $13.69 per share, while GAAP book value was $13.12 per share. The company increased its common dividend to $0.36 per share in the first quarter, aligning closely with its DE when excluding credit losses. During the second quarter, MFA was active in sourcing $876 million in loans and securities, including $503 million of non-QM loans and $217 million of business purpose loans at Lima One. Their leverage at the end of the quarter was 5.2x, with recourse leverage at 1.8x. The call also highlighted the company’s strategic efforts to manage credit risks, including selling $24 million of delinquent transitional loans and reducing the overall portfolio's 60-plus day delinquency rate from 7.5% to 7.3%. The management team expressed confidence in the portfolio's earnings power and expected DE to converge with the common dividend level by the first half of 2026.

Investment Portfolio Growth

MFA Financial's investment portfolio grew to $10.8 billion in the second quarter, with notable investments in non-QM loans, business purpose loans, and agency securities. The company sourced $876 million in loans and securities.

Non-QM Securitizations and Market Conditions

MFA Financial completed its 18th non-QM securitization in May, with strong investor demand allowing for improved pricing. The total bonds sold by all issuers nearly eclipsed the total from the previous year.

Successful Loan Resolutions

MFA Financial resolved approximately $200 million UPB of previously nonperforming loans, resulting in a net gain of over $0.03 per share, highlighting the quality of loan marks and financial reporting.

Increased Loan Originations at Lima One

Lima One originated $217 million of business purpose loans during the quarter, with an increase in mortgage banking income from $5.4 million to $6.1 million. The company hired 15 new loan officers, indicating growth potential.

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

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MFA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.29 / -	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 0.29.

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