The Federal National Mortgage Association or Fannie Mae (FNMA) on Thursday reported an increase in net profit for the full year, supported by a benefit for credit losses and a rise in interest and non-interest income.
For the 12-month period, Net income stood at $17.408 billion, compared with $12.923 billion in 2022.
Dividends distributed or amounts attributable to senior preferred stock was $17.405 billion, higher than $12.920 billion a year ago.
Pre-tax earnings moved up to $21.956 billion from $16.233 billion a year ago.
Benefit for credit losses was $1.670 billion, compared with last year's provision for credit losses of $6.277 billion.
Noninterest income was $1.526 billion, up from last year's $1.299 billion.
Total interest income was up at $ 139.714 billion from $120.297 billion last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.