Fannie Mae Q1 net income $4.3B, 25th consecutive positive quarter; net worth $82B

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

2024-Q1 EPS reported $0.00

Net income $4.3B, up $377M from Q4 2023; net worth rose $4.3B to $82.0B.
Single-family net income $3.6B (+$303M QoQ); multifamily $713M (+$74M QoQ).
Benefit for credit losses $180M vs provision $116M in Q4; single-family SDQ rate improved to 0.51%.
Provided $72B in liquidity financing ~280,000 homes/rentals in Q1 2024.
Entire net income ($4.3B) paid as dividends to Treasury on senior preferred stock; common stockholders saw $0 EPS.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported first quarter of 2024 results: net income $4.3 billion net income for the first quarter of 2024.

Period: first quarter of 2024
Net income: $4.3 billion net income for the first quarter of 2024
Result: reported results

Exact text from the filing

On April 30, 2024, Fannie Mae filed its quarterly report on Form 10-Q for the quarter ended March 31, 2024 and is issuing a press release reporting its financial results for the periods covered by the Form 10-Q. Copies of the press release and a financial supplement are furnished as Exhibits 99.1 and 99.2, respectively, to this report and are incorporated herein by reference.

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Source: SEC EDGAR

accession 0000310522-24-000240

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