MFA FINANCIAL, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
MFA$5.97-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contes
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| PART I. FINANCIAL INFORMATION | ||
| Item 1. · Financial Statements | ||
| Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 2024 | 3 | |
| Consolidated Statements of Operations (Unaudited) for the Three and Nine Months Ended September 30, 2025 and September 30, 2024 | 4 | |
| Consolidated Statements of Comprehensive Income/(Loss) (Unaudited) for the Three and Nine Months Ended September 30, 2025 and September 30, 2024 | 5 | |
| Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) for the Three and Nine Months Ended September 30, 2025 and September 30, 2024 | 6 | |
| Consolidated Statements of Cash Flows (Unaudited) for the Nine Months Ended September 30, 2025 and September 30, 2024 | 8 | |
| Notes to the Unaudited Consolidated Financial Statements | 9 | |
| Note 1. Organization | 9 | |
| Note 2. Summary of Significant Accounting Policies | 9 | |
| Note 3. Residential Whole Loans | 18 | |
| Note 4. Securities, at Fair Value | 25 | |
| Note 5. Other Assets | 28 | |
| Note 6. Financing Agreements | 32 | |
| Note 7. Other Liabilities | 36 | |
| Note 8. Income Taxes | 36 | |
| Note 9. Commitments and Contingencies | 38 | |
| Note 10. Stockholders’ Equity | 39 | |
| Note 11. EPS Calculation | 43 | |
| Note 12. Equity Compensation and Other Benefit Plans | 44 | |
| Note 13. Fair Value of Financial Instruments | 46 | |
| Note 14. Use of Special Purpose Entities and Variable Interest Entities | 52 | |
| Note 15. Segment Reporting | 54 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 59 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 86 |
| Item 4. | Controls and Procedures | 90 |
| PART II. OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 90 |
| Item 1A. | Risk Factors | 90 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 90 |
| Item 3. | Defaults Upon Senior Securities | 91 |
| Item 4. | Mine Safety Disclosures | 91 |
| Item 5. | Other Information | 91 |
| Item 6. | Exhibits | 91 |
| Signatures | 93 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.