Fannie Mae reports $17.4B net income for 2023, up 35% YoY; Q4 net income $3.9B

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

2023-FY EPS reported $0.00

Annual net income $17.4B, up 35% from $12.9B in 2022; Q4 net income $3.9B, down 16% sequentially.
Benefit for credit losses of $1.7B in 2023 vs provision of $6.3B in 2022, driven by home price growth.
Net worth increased to $77.7B from $60.3B a year ago.
Single-family SDQ rate improved to 0.55% from 0.65%; multifamily SDQ rose to 0.46% from 0.24% due to seniors housing.
FHFA reduced 2024 multifamily loan purchase cap to $70B from $75B; 50% mission-driven requirement continues.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported the year ended December 31, 2023 results: net income $17.4 billion.

Period: the year ended December 31, 2023
Net income: $17.4 billion
Result: reported results

Exact text from the filing

Fannie Mae Reports Net Income of $17.4 Billion for 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported fourth quarter 2023 results: net income $3.9 billion.

Period: fourth quarter 2023
Net income: $3.9 billion
Result: reported results

Exact text from the filing

ontact: Pete Bakel Resource Center: 1-800-232-6643 202-752-2034 Exhibit 99.1 Date: February 15, 2024 Fannie Mae Reports Net Income of $17.4 Billion for 2023 and $3.9 Billion for Fourth Quarter 2023 • $17.4 billion annual net income and $3.9 billion fourth quarter 2023 net income, with net worth reaching $77.7 billion as of December 31, 2023 “The fourth quarter capped another successful year.

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Source: SEC EDGAR

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