---
title: "MFA Financial, Inc. 1Q 2026: Net income $(1.0) M, EPS $(0.11) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285254664.md"
description: "MFA Financial, Inc. reported a net loss of $(0.98) M and diluted EPS of $(0.11) for Q1 2026, a significant decline from $41.2M and $0.31 in Q1 2025, respectively. The decrease is attributed to a shift in portfolio mix and operational changes as the company expanded its residential mortgage assets to $12.5B. Key activities included $219M in origination by Lima One, two Non-QM securitizations totaling $757M, and the sale of $78.2M in loans, resulting in a $2.7M gain. Prepayment speeds varied across products, impacting yield strategies."
datetime: "2026-05-05T19:41:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285254664.md)
  - [en](https://longbridge.com/en/news/285254664.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285254664.md)
---

# MFA Financial, Inc. 1Q 2026: Net income $(1.0) M, EPS $(0.11) — 10-Q Summary

MFA Financial, Inc. reported first-quarter 2026 results with a consolidated net loss and weaker earnings compared with the year-ago quarter, driven by portfolio mix and operational actions as the firm expanded residential mortgage assets and completed securitizations.

**Financial Highlights**

-   Net income was $(0.98) M in 1Q 2026, compared with $41.2M in 1Q 2025 (YoY decline of $42.2M).
-   Net income available to common shareholders was $(11.4) M in 1Q 2026, compared with $32.96M in 1Q 2025 (YoY decline of $44.4M).
-   Diluted EPS was $(0.11) in 1Q 2026, compared with $0.31 in 1Q 2025 (approximately $(0.42) YoY decrease).

**Business Highlights**

-   Portfolio growth and mix: Residential mortgage assets increased to $12.5B, including $1.1B of acquisitions led by $470.6M in Non‑QM and $392.8M in Agency MBS.
-   Origination momentum at Lima One: Lima One originated $219M of BPL UPB in the quarter, relaunched multifamily lending and initiated a wholesale channel.
-   Securitization activity: Completed two Non‑QM securitizations (approximately $757M UPB) to obtain longer‑term non‑recourse financing.
-   Operational efficiency actions: Sold $78.2M of recently originated loans to third parties, recording a $2.7M gain, and executed an HQ lease exit with accelerated depreciation.
-   Prepayment and CPR trends: Prepayment speeds varied by product—Non‑QM 15.9%, SFR 9.5%, Legacy NPL 5.9%—affecting yield and reinvestment strategy.

Original SEC Filing: MFA FINANCIAL, INC. \[ MFA \] - 10-Q - May. 05, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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