MFA Financial (MFA) Tops Q1 EPS by 3c

May 8, 2018 8:33 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

MFA Financial (NYSE: MFA) reported Q1 EPS of $0.20, $0.03 better than the analyst estimate of $0.17.

First Quarter 2018 and other highlights:

  • MFA generated first quarter net income available to common shareholders of $79.6 million, or $0.20 per common share (based on 398.3 million weighted average common shares outstanding). As of March 31, 2018, book value per common share was $7.62.
  • Net Income was lower than in the fourth quarter of 2017, which included mark to market gains on CRT securities that had recovered in value following declines due to hurricane-related concerns in the third quarter of 2017.
  • Asset acquisitions exceeded run-off during the quarter. MFA purchased in excess of $700 million of residential mortgage assets in the first quarter, including $522 million of residential whole loans.
  • On April 30, 2018, MFA paid its first quarter 2018 dividend of $0.20 per share of common stock to shareholders of record as of March 29, 2018.

For earnings history and earnings-related data on MFA Financial (MFA) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance

Related Entities