MFA Financial, Inc. Announces First Quarter 2019 Financial Results
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MFA Financial (MFA) Misses Q1 EPS by 2c
May 7, 2019 8:32 AM EDTMFA Financial (NYSE: MFA) reported Q1 EPS of $0.17, $0.02 worse than the analyst estimate of $0.19.
First Quarter 2019 and other highlights:
MFA generated first quarter GAAP net income of $85.1 million, or $0.19 per common share.As of March 31, 2019, book value per common share was $7.11.GAAP Net Income per common share was $0.06 higher than the fourth quarter of 2018, primarily due to partial recovery of unrealized losses in our residential mortgage securities portfolio, particularly CRT securities.Core earnings was $77.6 million, or $0.17 per common share in the first quarter. Core earnings is a... More