Fannie Mae (FNMA.OB) Wednesday reported net income attributable to shareholders of $6 million or breakeven earnings per share for the first quarter compared with loss of $4 million or breakeven earnings per share a year ago, due to dividend distributed to preferred stock.
Dividends distributed to senior preferred stock was $3.655 billion compared with $4.324 billion last year. Income before taxes was $4.584 billion for the first quarter, lower than $5.433 billion in the same quarter a year ago.
Net income declined to $3.661 billion from $4.320 billion last year.
Revenue for the quarter slightly decreased to $7.085 billion from $7.095 billion in the previous year.
Net interest income dropped to $7.001 billion from $7.023 billion a year ago, and fee and other income fell to 84 million from 72 million.
Provision for credit losses was $24 million compared with benefit of $180 million last year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.