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10-Q Filing

MFA FINANCIAL, INC. CIK: 1055160 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001055160-18-000009
Period End Date 20180331
Filing Date 20180508
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance mfa-20180331.xml
Balance Sheet 72 line items
Line Item Tag Value Unit Period
MSR Related Assets, pledged as collateral ServicingRightsPledgedAsCollateral $482.16M USD Point-in-time
MSR Related Assets, pledged as collateral ServicingRightsPledgedAsCollateral $432.47M USD Point-in-time
Residential whole loans, at carrying value, pledged as collateral LoansPledgedAsCollateral $448.69M USD Point-in-time
Residential whole loans, at carrying value, pledged as collateral LoansPledgedAsCollateral $438.20M USD Point-in-time
Residential whole loans, at fair value, pledged as collateral PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue $1.24B USD Point-in-time
Residential whole loans, at fair value, pledged as collateral PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue $996.23M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 8.05M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 8.05M shares Point-in-time
Preferred stock, dividend rate PreferredStockDividendRatePercentage 0.07 pure 1 Quarter
Preferred stock, dividend rate PreferredStockDividendRatePercentage 0.07 pure Annual
Mortgage-backed securities and credit risk transfer securities AvailableForSaleSecurities $7.02B USD Point-in-time
Mortgage-backed securities and credit risk transfer securities AvailableForSaleSecurities $6.72B USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 8.00M shares Point-in-time
Mortgage servicing rights (MSR) related assets ($432,468 and $482,158 pledged as collateral, respectively) ServicingAssetAtFairValueAmount $492.08M USD Point-in-time
Mortgage servicing rights (MSR) related assets ($432,468 and $482,158 pledged as collateral, respectively) ServicingAssetAtFairValueAmount $455.12M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 8.00M shares Point-in-time
Residential whole loans, at carrying value ($438,202 and $448,689 pledged as collateral, respectively) (1) CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet $1.10B USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 8.00M shares Point-in-time
Residential whole loans, at carrying value ($438,202 and $448,689 pledged as collateral, respectively) (1) CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet $908.52M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 8.00M shares Point-in-time
Preferred stock, aggregate liquidation preference PreferredStockLiquidationPreferenceValue $200.00M USD Point-in-time
Residential whole loans, at fair value ($1,238,016 and $996,226 pledged as collateral, respectively) (1) CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue $1.33B USD Point-in-time
Residential whole loans, at fair value ($1,238,016 and $996,226 pledged as collateral, respectively) (1) CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue $1.56B USD Point-in-time
Preferred stock, aggregate liquidation preference PreferredStockLiquidationPreferenceValue $200.00M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Securities obtained and pledged as collateral, at fair value SecuritiesHeldAsCollateralAtFairValue $253.99M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Securities obtained and pledged as collateral, at fair value SecuritiesHeldAsCollateralAtFairValue $504.06M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 886.95M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 886.95M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $449.76M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $214.69M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 397.83M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $13.31M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $7.10M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 398.43M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 398.43M shares Point-in-time
Other assets OtherAssets $303.92M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 397.83M shares Point-in-time
Other assets OtherAssets $238.85M USD Point-in-time
Total Assets Assets $10.62B USD Point-in-time
Total Assets Assets $10.95B USD Point-in-time
Repurchase agreements and other advances SecuritiesSoldunderAgreementstoRepurchaseandOtherAdvanceObligations $6.61B USD Point-in-time
Repurchase agreements and other advances SecuritiesSoldunderAgreementstoRepurchaseandOtherAdvanceObligations $6.56B USD Point-in-time
Obligation to return securities obtained as collateral, at fair value ObligationToReturnSecuritiesReceivedAsCollateral $504.06M USD Point-in-time
Obligation to return securities obtained as collateral, at fair value ObligationToReturnSecuritiesReceivedAsCollateral $253.99M USD Point-in-time
Payable for unsettled residential whole loans purchases AccountsPayableOtherCurrentAndNoncurrent $13.53M USD Point-in-time
Payable for unsettled residential whole loans purchases AccountsPayableOtherCurrentAndNoncurrent - USD Point-in-time
Other liabilities OtherLiabilities $574.34M USD Point-in-time
Other liabilities OtherLiabilities $553.40M USD Point-in-time
Total Liabilities Liabilities $7.69B USD Point-in-time
Total Liabilities Liabilities $7.38B USD Point-in-time
Commitments and contingencies (See Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (See Note 10) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference) PreferredStockValue $80.00K USD Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference) PreferredStockValue $80.00K USD Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 398,429 and 397,831 shares issued and outstanding, respectively CommonStockValue $3.98M USD Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 398,429 and 397,831 shares issued and outstanding, respectively CommonStockValue $3.98M USD Point-in-time
Additional paid-in capital, in excess of par AdditionalPaidInCapital $3.23B USD Point-in-time
Additional paid-in capital, in excess of par AdditionalPaidInCapital $3.23B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-578.95M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-578.91M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $582.73M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $609.22M USD Point-in-time
Total Stockholders Equity StockholdersEquity $3.24B USD Point-in-time
Total Stockholders Equity StockholdersEquity $3.26B USD Point-in-time
Total Stockholders Equity StockholdersEquity $3.03B USD Point-in-time
Total Stockholders Equity StockholdersEquity $3.06B USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $10.62B USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $10.95B USD Point-in-time
Income Statement 49 line items
Line Item Tag Value Unit Period
MSR related assets InterestIncomeOther $4.73M USD 1 Quarter
MSR related assets InterestIncomeOther $7.62M USD 1 Quarter
Residential whole loans held at carrying value InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate $14.33M USD 1 Quarter
Residential whole loans held at carrying value InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate $8.69M USD 1 Quarter
Cash and cash equivalent investments InterestIncomeDepositsWithFinancialInstitutions $355.00K USD 1 Quarter
Cash and cash equivalent investments InterestIncomeDepositsWithFinancialInstitutions $909.00K USD 1 Quarter
Interest Income InterestAndDividendIncomeOperating $117.26M USD 1 Quarter
Interest Income InterestAndDividendIncomeOperating $103.75M USD 1 Quarter
Repurchase agreements and other advances InterestExpenseSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances $48.34M USD 1 Quarter
Repurchase agreements and other advances InterestExpenseSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances $45.72M USD 1 Quarter
Other interest expense InterestExpenseDebt $4.84M USD 1 Quarter
Other interest expense InterestExpenseDebt $2.01M USD 1 Quarter
Interest Expense InterestExpense $50.55M USD 1 Quarter
Interest Expense InterestExpense $50.35M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $53.20M USD 1 Quarter
Net Interest Income InterestIncomeExpenseNet $66.91M USD 1 Quarter
Total other-than-temporary impairment losses MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount - USD 1 Quarter
Total other-than-temporary impairment losses MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount $63.00K USD 1 Quarter
Portion of loss reclassed from other comprehensive income OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent - USD 1 Quarter
Portion of loss reclassed from other comprehensive income OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $351.00K USD 1 Quarter
Net Impairment Losses Recognized in Earnings OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet - USD 1 Quarter
Net Impairment Losses Recognized in Earnings OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet $414.00K USD 1 Quarter
Net gain on residential whole loans held at fair value MortgageLoansonRealEstateGainLossonLoansatFairValue $13.77M USD 1 Quarter
Net gain on residential whole loans held at fair value MortgageLoansonRealEstateGainLossonLoansatFairValue $38.50M USD 1 Quarter
Net gain on sales of investment securities AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $8.82M USD 1 Quarter
Net gain on sales of investment securities AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $9.71M USD 1 Quarter
Other, net OtherOperatingIncomeExpenseNet $345.00K USD 1 Quarter
Other, net OtherOperatingIncomeExpenseNet $4.51M USD 1 Quarter
Other Income, net NoninterestIncome $27.99M USD 1 Quarter
Other Income, net NoninterestIncome $47.66M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $7.79M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $6.75M USD 1 Quarter
Other general and administrative expense OtherGeneralAndAdministrativeExpense $4.22M USD 1 Quarter
Other general and administrative expense OtherGeneralAndAdministrativeExpense $3.83M USD 1 Quarter
Loan servicing and other related operating expenses OtherCostAndExpenseOperating $4.41M USD 1 Quarter
Loan servicing and other related operating expenses OtherCostAndExpenseOperating $6.88M USD 1 Quarter
Operating and Other Expense CostsAndExpenses $17.46M USD 1 Quarter
Operating and Other Expense CostsAndExpenses $16.43M USD 1 Quarter
Net Income NetIncomeLoss $83.39M USD 1 Quarter
Net Income NetIncomeLoss $78.06M USD 1 Quarter
Less Preferred Stock Dividends PreferredStockDividendsIncomeStatementImpact $3.75M USD 1 Quarter
Less Preferred Stock Dividends PreferredStockDividendsIncomeStatementImpact $3.75M USD 1 Quarter
Net Income Available to Common Stock and Participating Securities NetIncomeLossAvailableToCommonStockholdersBasic $79.64M USD 1 Quarter
Net Income Available to Common Stock and Participating Securities NetIncomeLossAvailableToCommonStockholdersBasic $74.31M USD 1 Quarter
Earnings per Common Share - Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $0.20 USD 1 Quarter
Earnings per Common Share - Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $0.20 USD 1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD Point-in-time
Cash Flow Statement 81 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $83.39M USD 1 Quarter
Net income NetIncomeLoss $78.06M USD 1 Quarter
Gain on sales of MBS and U.S. Treasury securities AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $8.82M USD 1 Quarter
Gain on sales of MBS and U.S. Treasury securities AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $9.71M USD 1 Quarter
Gain on sales of real estate owned GainsLossesOnSalesOfOtherRealEstate $1.99M USD 1 Quarter
Gain on sales of real estate owned GainsLossesOnSalesOfOtherRealEstate $875.00K USD 1 Quarter
Gain on liquidation of residential whole loans GainonLiquidationofResidentialWholeLoans $5.28M USD 1 Quarter
Gain on liquidation of residential whole loans GainonLiquidationofResidentialWholeLoans $868.00K USD 1 Quarter
Other-than-temporary impairment charges OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet - USD 1 Quarter
Other-than-temporary impairment charges OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet $414.00K USD 1 Quarter
Accretion of purchase discounts on MBS and CRT securities, residential whole loans and MSR related assets AccretionofPurchaseDiscounts $23.68M USD 1 Quarter
Accretion of purchase discounts on MBS and CRT securities, residential whole loans and MSR related assets AccretionofPurchaseDiscounts $19.79M USD 1 Quarter
Amortization of purchase premiums on MBS and CRT securities AmortizationOfPurchasePremiums $8.03M USD 1 Quarter
Amortization of purchase premiums on MBS and CRT securities AmortizationOfPurchasePremiums $5.39M USD 1 Quarter
Depreciation and amortization on real estate, fixed assets and other assets DepreciationAndAmortization $423.00K USD 1 Quarter
Depreciation and amortization on real estate, fixed assets and other assets DepreciationAndAmortization $210.00K USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $1.11M USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $553.00K USD 1 Quarter
Unrealized gain on residential whole loans at fair value UnrealizedGainLossOnInvestments $2.95M USD 1 Quarter
Unrealized gain on residential whole loans at fair value UnrealizedGainLossOnInvestments $13.75M USD 1 Quarter
(Increase)/decrease in other assets and other IncreaseDecreaseInOtherOperatingAssets $-7.01M USD 1 Quarter
(Increase)/decrease in other assets and other IncreaseDecreaseInOtherOperatingAssets $22.01M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-12.39M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-12.23M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $5.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $44.36M USD 1 Quarter
Principal payments on MBS, CRT securities and MSR related assets ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments $762.75M USD 1 Quarter
Principal payments on MBS, CRT securities and MSR related assets ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments $484.33M USD 1 Quarter
Proceeds from sales of MBS and U.S. Treasury securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $160.70M USD 1 Quarter
Proceeds from sales of MBS and U.S. Treasury securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $19.36M USD 1 Quarter
Purchases of MBS, CRT securities, MSR related assets and U.S. Treasury securities PaymentsToAcquireInvestments $244.58M USD 1 Quarter
Purchases of MBS, CRT securities, MSR related assets and U.S. Treasury securities PaymentsToAcquireInvestments $194.33M USD 1 Quarter
Purchases of residential whole loans and capitalized advances PaymentsToAcquireLoansHeldForInvestment $513.85M USD 1 Quarter
Purchases of residential whole loans and capitalized advances PaymentsToAcquireLoansHeldForInvestment $5.03M USD 1 Quarter
Principal payments on residential whole loans ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment $71.86M USD 1 Quarter
Principal payments on residential whole loans ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment $35.45M USD 1 Quarter
Proceeds from sales of real estate owned ProceedsFromRealEstateOwned $10.44M USD 1 Quarter
Proceeds from sales of real estate owned ProceedsFromRealEstateOwned $19.31M USD 1 Quarter
Purchases of real estate owned and capital improvements PaymentsToAcquireOtherRealEstate $2.68M USD 1 Quarter
Purchases of real estate owned and capital improvements PaymentsToAcquireOtherRealEstate $774.00K USD 1 Quarter
Redemption of Federal Home Loan Bank stock ProceedsFromSaleOfFederalHomeLoanBankStock $10.42M USD 1 Quarter
Redemption of Federal Home Loan Bank stock ProceedsFromSaleOfFederalHomeLoanBankStock - USD 1 Quarter
Additions to leasehold improvements, furniture and fixtures PaymentsToAcquireProductiveAssets $171.00K USD 1 Quarter
Additions to leasehold improvements, furniture and fixtures PaymentsToAcquireProductiveAssets $133.00K USD 1 Quarter
Net cash (used in)/provided by investing activities NetCashProvidedByUsedInInvestingActivities $729.24M USD 1 Quarter
Net cash (used in)/provided by investing activities NetCashProvidedByUsedInInvestingActivities $-116.16M USD 1 Quarter
Principal payments on repurchase agreements and other advances PrincipalPaymentsonSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances $16.61B USD 1 Quarter
Principal payments on repurchase agreements and other advances PrincipalPaymentsonSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances $20.51B USD 1 Quarter
Proceeds from borrowings under repurchase agreements and other advances ProceedsfromSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances $16.55B USD 1 Quarter
Proceeds from borrowings under repurchase agreements and other advances ProceedsfromSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances $19.96B USD 1 Quarter
Principal payments on securitized debt RepaymentsOfOtherDebt $12.82M USD 1 Quarter
Principal payments on securitized debt RepaymentsOfOtherDebt - USD 1 Quarter
Payments made for settlements on interest rate swap agreements (Swaps) PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives $34.94M USD 1 Quarter
Payments made for settlements on interest rate swap agreements (Swaps) PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives $10.67M USD 1 Quarter
Proceeds from settlements on Swaps ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives $30.71M USD 1 Quarter
Proceeds from settlements on Swaps ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives - USD 1 Quarter
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $1.23M USD 1 Quarter
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $3.95M USD 1 Quarter
Dividends paid on preferred stock PaymentsOfDividendsPreferredStockAndPreferenceStock $3.75M USD 1 Quarter
Dividends paid on preferred stock PaymentsOfDividendsPreferredStockAndPreferenceStock $3.75M USD 1 Quarter
Dividends paid on common stock and dividend equivalents PaymentsOfDividendsCommonStock $79.77M USD 1 Quarter
Dividends paid on common stock and dividend equivalents PaymentsOfDividendsCommonStock $74.62M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-131.01M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-659.62M USD 1 Quarter
Net (decrease)/increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $113.98M USD 1 Quarter
Net (decrease)/increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-241.28M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $318.57M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $221.79M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $463.06M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $432.55M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $318.57M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $221.79M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $463.06M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $432.55M USD Point-in-time
Net (decrease)/increase in securities obtained as collateral/obligation to return securities obtained as collateral SecuritiesObtainedAsCollateralNetOfReturns $4.16M USD 1 Quarter
Net (decrease)/increase in securities obtained as collateral/obligation to return securities obtained as collateral SecuritiesObtainedAsCollateralNetOfReturns $-248.65M USD 1 Quarter
Transfer from residential whole loans to real estate owned TransferToOtherRealEstate $54.82M USD 1 Quarter
Transfer from residential whole loans to real estate owned TransferToOtherRealEstate $31.10M USD 1 Quarter
Dividends and dividend equivalents declared and unpaid DividendsPayableCurrentAndNoncurrent $79.91M USD Point-in-time
Dividends and dividend equivalents declared and unpaid DividendsPayableCurrentAndNoncurrent $74.83M USD Point-in-time
Dividends and dividend equivalents declared and unpaid DividendsPayableCurrentAndNoncurrent $79.77M USD Point-in-time
Stockholders Equity 32 line items
Line Item Tag Value Unit Period
Preferred Stock, dividend rate PreferredStockDividendRatePercentage 0.07 pure 1 Quarter
Preferred Stock, dividend rate PreferredStockDividendRatePercentage 0.07 pure Annual
Balance StockholdersEquity $3.24B USD Point-in-time
Balance StockholdersEquity $3.26B USD Point-in-time
Balance StockholdersEquity $3.03B USD Point-in-time
Balance StockholdersEquity $3.06B USD Point-in-time
Cumulative effect adjustment on adoption of new accounting standard for revenue recognition CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $295.00K USD Point-in-time
Net income NetIncomeLoss $83.39M USD 1 Quarter
Net income NetIncomeLoss $78.06M USD 1 Quarter
Issuance of common stock, net of expenses StockIssuedDuringPeriodValueNewIssues $3.96M USD 1 Quarter
Issuance of common stock, net of expenses StockIssuedDuringPeriodValueNewIssues $1.23M USD 1 Quarter
Repurchase of shares of common stock (in shares) StockRepurchasedAndRetiredDuringPeriodShares 0.00 shares 1 Quarter
Repurchase of shares of common stock StockRepurchasedAndRetiredDuringPeriodValue $3.86M USD 1 Quarter
Repurchase of shares of common stock StockRepurchasedAndRetiredDuringPeriodValue $1.96M USD 1 Quarter
Equity based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $549.00K USD 1 Quarter
Equity based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.02M USD 1 Quarter
Accrued dividends attributable to stock-based awards AdjustmentsToAdditionalPaidInCapitalOther $430.00K USD 1 Quarter
Accrued dividends attributable to stock-based awards AdjustmentsToAdditionalPaidInCapitalOther $429.00K USD 1 Quarter
Dividends declared on common stock DividendsCommonStock $74.57M USD 1 Quarter
Dividends declared on common stock DividendsCommonStock $79.69M USD 1 Quarter
Dividends declared on preferred stock DividendsPreferredStock $3.75M USD 1 Quarter
Dividends declared on preferred stock DividendsPreferredStock $3.75M USD 1 Quarter
Dividends attributable to dividend equivalents DividendsDividendEquivalentRights $217.00K USD 1 Quarter
Dividends attributable to dividend equivalents DividendsDividendEquivalentRights $227.00K USD 1 Quarter
Change in unrealized gains on MBS, net OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $9.08M USD 1 Quarter
Change in unrealized gains on MBS, net OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-46.16M USD 1 Quarter
Derivative hedging instrument fair value changes, net OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $19.67M USD 1 Quarter
Derivative hedging instrument fair value changes, net OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $11.90M USD 1 Quarter
Balance StockholdersEquity $3.24B USD Point-in-time
Balance StockholdersEquity $3.26B USD Point-in-time
Balance StockholdersEquity $3.03B USD Point-in-time
Balance StockholdersEquity $3.06B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $83.39M USD 1 Quarter
Net income NetIncomeLoss $78.06M USD 1 Quarter
Reclassification adjustment for MBS sales included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $9.97M USD 1 Quarter
Reclassification adjustment for MBS sales included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $8.62M USD 1 Quarter
Reclassification adjustment for other-than-temporary impairments included in net income OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet - USD 1 Quarter
Reclassification adjustment for other-than-temporary impairments included in net income OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet $414.00K USD 1 Quarter
Derivative hedging instrument fair value changes, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $19.67M USD 1 Quarter
Derivative hedging instrument fair value changes, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $11.90M USD 1 Quarter
Other Comprehensive (Loss)/Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-26.49M USD 1 Quarter
Other Comprehensive (Loss)/Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $20.98M USD 1 Quarter
Comprehensive income before preferred stock dividends ComprehensiveIncomeNetOfTax $99.04M USD 1 Quarter
Comprehensive income before preferred stock dividends ComprehensiveIncomeNetOfTax $56.90M USD 1 Quarter
Dividends declared on preferred stock PreferredStockDividendsIncomeStatementImpact $3.75M USD 1 Quarter
Dividends declared on preferred stock PreferredStockDividendsIncomeStatementImpact $3.75M USD 1 Quarter
Comprehensive Income Available to Common Stock and Participating Securities ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities $53.15M USD 1 Quarter
Comprehensive Income Available to Common Stock and Participating Securities ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities $95.29M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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