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MFA Financial Q1 Profit Falls

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

MFA Financial, Inc. (MFA) Monday announced a sharp fall in the first quarter earnings.

The quarterly profit was $14.99 million or $0.14 per share, down from $64.56 million or $0.63 per share last year.

On an adjusted basis, earnings were $36.1 million or $0.35 per share.
On average, 6 analysts polled by Thomson Reuters expected the company to earn $0.39 per share. Analysts estimates usually exclude special items.

Net interest income for the first quarter was $47.81 million, compared to $39.37 million in the prior year.

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