XML 104 R92.htm IDEA: XBRL DOCUMENT v3.25.2
SEGMENTS - Schedule of Segment Reporting (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
[1]
Segment Reporting Information [Line Items]          
Interest income $ 1,418,893 $ 1,177,325 $ 2,736,001 $ 2,271,813  
Interest expense 1,145,693 1,123,767 2,242,830 2,224,706  
Net interest income 273,200 53,558 493,171 47,107  
Servicing and related income 141,670 120,515 282,105 235,599  
Servicing and related expense 14,571 12,617 28,684 24,833  
Net servicing income 127,099 107,898 253,421 210,766  
Other income (loss) (289,470) (113,467) (449,127) 292,917  
Less: Total general and administrative expenses 50,018 44,891 98,082 83,461  
Income (loss) before income taxes 60,811 3,098 199,383 467,329  
Income taxes 440 11,931 8,707 10,988  
Net income (loss) 60,371 (8,833) 190,676 456,341  
Less: Net income (loss) attributable to noncontrolling interest 3,272 650 9,353 2,932  
Net income (loss) attributable to Annaly 57,099 (9,483) 181,323 453,409  
Dividends on preferred stock 37,260 37,158 74,417 74,219  
Net income (loss) available (related) to common stockholders 19,839 (46,641) 106,906 379,190  
Unrealized gains (losses) on available-for-sale securities 33,559 (54,243) 198,436 (336,112)  
Reclassification adjustment for net (gains) losses included in net income (loss) 13,797 179,234 79,200 514,585  
Other comprehensive income (loss) 47,356 124,991 277,636 178,473  
Comprehensive income (loss) 107,727 116,158 468,312 634,814  
Comprehensive income (loss) attributable to noncontrolling interests 3,272 650 9,353 2,932  
Comprehensive income (loss) attributable to Annaly 104,455 115,508 458,959 631,882  
Receivable for unsettled trades 1,134,896 320,659 1,134,896 320,659 $ 2,201,447
Payable for unsettled trades 1,538,526 1,096,271 1,538,526 1,096,271 308,282
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment 47,356 124,991 277,636 178,473  
Dividends declared, not yet paid 449,453 325,662 449,453 325,662 375,932
Total assets 112,141,892 93,668,577 112,141,892 93,668,577 $ 103,556,384
Operating Segments | Agency          
Segment Reporting Information [Line Items]          
Interest income 913,267 821,339 1,762,467 1,603,265  
Interest expense 731,316 830,324 1,449,569 1,677,095  
Net interest income 181,951 (8,985) 312,898 (73,830)  
Servicing and related income 0 0 0 0  
Servicing and related expense 0 0 0 0  
Net servicing income 0 0 0 0  
Other income (loss) (252,852) (184,910) (419,777) 116,042  
Less: Total general and administrative expenses 16,551 15,862 33,867 31,450  
Income (loss) before income taxes (87,452) (209,757) (140,746) 10,762  
Income taxes (130) 118 160 725  
Net income (loss) (87,322) (209,875) (140,906) 10,037  
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0  
Net income (loss) attributable to Annaly (87,322) (209,875) (140,906) 10,037  
Dividends on preferred stock 0 0 0 0  
Net income (loss) available (related) to common stockholders (87,322) (209,875) (140,906) 10,037  
Unrealized gains (losses) on available-for-sale securities 33,559 (54,243) 198,436 (336,112)  
Reclassification adjustment for net (gains) losses included in net income (loss) 13,797 179,234 79,200 514,585  
Other comprehensive income (loss) 47,356 124,991 277,636 178,473  
Comprehensive income (loss) (39,966) (84,884) 136,730 188,510  
Comprehensive income (loss) attributable to noncontrolling interests 0 0 0 0  
Comprehensive income (loss) attributable to Annaly (39,966) (84,884) 136,730 188,510  
Receivable for unsettled trades 1,104,920 311,349 1,104,920 311,349  
Payable for unsettled trades 1,479,249 1,041,278 1,479,249 1,041,278  
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment 47,356 124,991 277,636 178,473  
Dividends declared, not yet paid 0 0 0 0  
Total assets 75,289,321 66,660,065 75,289,321 66,660,065  
Operating Segments | Resi-credit          
Segment Reporting Information [Line Items]          
Interest income 505,463 353,545 972,316 662,553  
Interest expense 414,222 291,816 792,396 543,678  
Net interest income 91,241 61,729 179,920 118,875  
Servicing and related income 0 0 0 0  
Servicing and related expense 0 0 0 0  
Net servicing income 0 0 0 0  
Other income (loss) (193) 48,457 11,897 153,823  
Less: Total general and administrative expenses 15,917 13,148 31,423 25,822  
Income (loss) before income taxes 75,131 97,038 160,394 246,876  
Income taxes (8,217) (24) (8,741) (1,703)  
Net income (loss) 83,348 97,062 169,135 248,579  
Less: Net income (loss) attributable to noncontrolling interest 3,272 650 9,353 2,932  
Net income (loss) attributable to Annaly 80,076 96,412 159,782 245,647  
Dividends on preferred stock 0 0 0 0  
Net income (loss) available (related) to common stockholders 80,076 96,412 159,782 245,647  
Unrealized gains (losses) on available-for-sale securities 0 0 0 0  
Reclassification adjustment for net (gains) losses included in net income (loss) 0 0 0 0  
Other comprehensive income (loss) 0 0 0 0  
Comprehensive income (loss) 83,348 97,062 169,135 248,579  
Comprehensive income (loss) attributable to noncontrolling interests 3,272 650 9,353 2,932  
Comprehensive income (loss) attributable to Annaly 80,076 96,412 159,782 245,647  
Receivable for unsettled trades 0 0 0 0  
Payable for unsettled trades 0 0 0 0  
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment 0 0 0 0  
Dividends declared, not yet paid 0 0 0 0  
Total assets 32,919,304 23,462,284 32,919,304 23,462,284  
Operating Segments | MSR          
Segment Reporting Information [Line Items]          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
Net interest income 0 0 0 0  
Servicing and related income 141,670 120,515 282,105 235,599  
Servicing and related expense 14,571 12,617 28,684 24,833  
Net servicing income 127,099 107,898 253,421 210,766  
Other income (loss) (39,372) 22,324 (42,333) 21,454  
Less: Total general and administrative expenses 9,243 8,507 18,636 17,101  
Income (loss) before income taxes 78,484 121,715 192,452 215,119  
Income taxes 8,833 11,920 17,343 12,069  
Net income (loss) 69,651 109,795 175,109 203,050  
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0  
Net income (loss) attributable to Annaly 69,651 109,795 175,109 203,050  
Dividends on preferred stock 0 0 0 0  
Net income (loss) available (related) to common stockholders 69,651 109,795 175,109 203,050  
Unrealized gains (losses) on available-for-sale securities 0 0 0 0  
Reclassification adjustment for net (gains) losses included in net income (loss) 0 0 0 0  
Other comprehensive income (loss) 0 0 0 0  
Comprehensive income (loss) 69,651 109,795 175,109 203,050  
Comprehensive income (loss) attributable to noncontrolling interests 0 0 0 0  
Comprehensive income (loss) attributable to Annaly 69,651 109,795 175,109 203,050  
Receivable for unsettled trades 29,976 9,310 29,976 9,310  
Payable for unsettled trades 59,277 54,993 59,277 54,993  
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment 0 0 0 0  
Dividends declared, not yet paid 0 0 0 0  
Total assets 3,835,511 3,326,780 3,835,511 3,326,780  
Corporate & Other          
Segment Reporting Information [Line Items]          
Interest income 163 2,441 1,218 5,995  
Interest expense 155 1,627 865 3,933  
Net interest income 8 814 353 2,062  
Servicing and related income 0 0 0 0  
Servicing and related expense 0 0 0 0  
Net servicing income 0 0 0 0  
Other income (loss) 2,947 662 1,086 1,598  
Less: Total general and administrative expenses 8,307 7,374 14,156 9,088  
Income (loss) before income taxes (5,352) (5,898) (12,717) (5,428)  
Income taxes (46) (83) (55) (103)  
Net income (loss) (5,306) (5,815) (12,662) (5,325)  
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0  
Net income (loss) attributable to Annaly (5,306) (5,815) (12,662) (5,325)  
Dividends on preferred stock 37,260 37,158 74,417 74,219  
Net income (loss) available (related) to common stockholders (42,566) (42,973) (87,079) (79,544)  
Unrealized gains (losses) on available-for-sale securities 0 0 0 0  
Reclassification adjustment for net (gains) losses included in net income (loss) 0 0 0 0  
Other comprehensive income (loss) 0 0 0 0  
Comprehensive income (loss) (5,306) (5,815) (12,662) (5,325)  
Comprehensive income (loss) attributable to noncontrolling interests 0 0 0 0  
Comprehensive income (loss) attributable to Annaly (5,306) (5,815) (12,662) (5,325)  
Receivable for unsettled trades 0 0 0 0  
Payable for unsettled trades 0 0 0 0  
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment 0 0 0 0  
Dividends declared, not yet paid 449,453 325,662 449,453 325,662  
Total assets $ 97,756 $ 219,448 $ 97,756 $ 219,448  
[1]
(1)Derived from the audited consolidated financial statements at December 31, 2024.