---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-016803"
form_type: "8-K"
ticker: "MFA"
cik: "0001055160"
company_name: "MFA FINANCIAL, INC."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T01:55:52.770917+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MFA Financial Q4 GAAP EPS $0.42; full-year net income up 58%; authorizes $200M buyback

## Summary
- Q4 GAAP net income $43.6M ($0.42/sh); distributable earnings $27.8M ($0.27/sh).
- Full-year 2025 net income $136.5M ($1.31/sh), up from $86.4M in 2024; total economic return 9.0%.
- 60+ day loan delinquencies improved to 7.1% from 7.5% YoY; net interest income rose to $231.1M from $202.7M.
- Loan acquisitions totaled $2.7B in 2025, including $1.8B Non-QM; completed 5 securitizations.
- Board authorized new $200M stock repurchase program through 2028; repurchased 1.03M shares in 2025.

## SEC filing metadata
- accession: 0001104659-26-016803
- form_type: 8-K
- ticker: MFA
- cik: 0001055160
- company_name: MFA FINANCIAL, INC.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1055160/000110465926016803/0001104659-26-016803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1055160/000110465926016803/tm266466d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-016803
- JSON: https://secwatch.observer/filing/0001104659-26-016803.json
- Plain text: https://secwatch.observer/filing/0001104659-26-016803.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.