Fannie Mae (FNMA.OB) on Wednesday reported income before federal income taxes of $17.983 billion, down from $21.269 billion a year ago, reflecting weaker non-interest income and higher provisions for credit losses.
The company recorded a $1.606 billion provision for credit losses, compared with a benefit of $186 million a year earlier.
Net income attributable to common stockholders was $9 million or breakeven per share, compared with $3 million or breakeven per share a year earlier.
Net interest income was $28.608 billion, slightly lower than $28.748 billion last year, while non-interest income fell to $551 million from $2.046 billion.
Net revenue decreased to $28.964 billion from $29.069 billion.
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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.