FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE [FNMA] reports annual net loss of $17.4 billion
![FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE [FNMA] reports annual net loss of $17.4 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FFNMA.png&w=3840&q=75)
Company Reports Revenue of $139.7 billion
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE [FNMA] has reported a net loss of $17.4 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $139.7 billion
Based in WASHINGTON, District of Columbia, FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE operates in the FINANCE sector.
In the 12 months ended December 31, 2023, the Consolidated Statements of Operations and Comprehensive Income for the company showed the following financial results compared to the same period in 2022 and 2021:
1. Revenue:
- Total interest income amounted to $139.714 million in 2023, increasing from $120.297 million in 2022 and $99.675 million in 2021.
2. Cost of Goods Sold/Operating Income:
- Net interest income after provision for credit losses was $30.443 million in 2023, an improvement from $23.146 million in 2022 and $34.717 million in 2021.
3. Net Income/Net Loss:
- Net income for the period was $17.408 million in 2023, up from $12.923 million in 2022 and $22.176 million in 2021.
4. Earnings/Loss per Share:
- Earnings per share for basic and diluted amounts were $0.00 in 2023, 2022, and 2021.
Overall, the company demonstrated solid financial performance with an increase in revenue, improved net interest income, and higher net income compared to the previous periods. The earnings per share remained stable over the years at $0.00.
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