earnings
confidence high
sentiment positive
materiality 0.80
MFA Q3 net income $124.3M ($0.28 EPS); record $2B loan acquisitions
MFA FINANCIAL, INC.
2021-Q3 EPS reported
$0.57
- Q3 net income $124.3M ($0.28 basic EPS) includes $43.9M purchase accounting gain from Lima One acquisition.
- Net interest income $61.8M (+15% QoQ); loan acquisitions $2.0B (highest quarterly total) grew portfolio by $1.5B net.
- GAAP book value $4.82; economic book value $5.27; regular dividend $0.10/share paid Oct 29.
- Non-QM 60+ day delinquency improved to 5.3% from 7.8%; CECL reserve reversal $9.7M from improved credit.
- Post-quarter: first securitization of $312.3M Agency eligible investor loans completed.