Quarterly ResultApr 29, 2026, 07:22 AM
FNMA Q1 Net Income $3.7B; Net Worth $112.7B; Admin Expenses -19%
AI Summary
Fannie Mae reported a net income of $3.7 billion for Q1 2026, a 5% increase from the previous quarter, with net worth rising to $112.7 billion. The company maintained steady net revenues of $7.3 billion and significantly reduced administrative expenses by 19% to $745 million. These results reflect the health of its guaranty business and focus on operational efficiency, supporting its mission to provide liquidity to the U.S. housing market.
Key Highlights
- Net income for Q1 2026 was $3.7 billion, up 5% from $3.5 billion in Q4 2025.
- Net worth increased to $112.7 billion as of March 31, 2026, from $109.0 billion in Q4 2025.
- Net revenues remained steady at $7.3 billion compared to Q4 2025.
- Administrative expenses decreased by 19% to $745 million from $921 million in Q4 2025.
- Provision for credit losses was $277 million, down from $298 million in Q4 2025.
- Single-family net revenues were $6.0 billion, and multifamily net revenues were $1.2 billion.
- Provided $116 billion in liquidity to the mortgage market, helping 385,000 households.
- Illustrative return on average required CET1 capital was 10.4%, up from 10.2% in Q4 2025.