MFA Financial (MFA) Tops Q4 EPS by 7c, Beats on Revenues

February 15, 2018 8:32 AM EST

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Note: EPS may not be comparable

MFA Financial (NYSE: MFA) reported Q4 EPS of $0.24, $0.07 better than the analyst estimate of $0.17. Revenue for the quarter came in at $96.8 million versus the consensus estimate of $76.32 million.

Fourth Quarter 2017 and other highlights:

  • MFA generated fourth quarter net income available to common shareholders of $96.8 million, or $0.24 per common share (based on 397.5 million weighted average common shares outstanding). As of December 31, 2017, book value per common share was $7.70.
  • Net income increased from the prior quarter due primarily to higher income on residential whole loans held at fair value, which exhibited mark to market gains and increased cash receipts. In addition, CRT securities held at fair value increased in value as prices recovered after hurricane-related concerns in the third quarter.
  • On January 31, 2018, MFA paid its fourth quarter 2017 dividend of $0.20 per share of common stock to shareholders of record as of December 28, 2017.
  • MFA purchased more than $700 million of residential mortgage assets in the fourth quarter, including $554 million of residential whole loans.

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

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