Fannie Mae Posts $4.2B 3Q Net Income; Credit Provision Triples to $1.1B
FNMA sits 41% above its 52-week low of $2.96.
Summary
Fannie Mae earned $4.2 billion in 3Q 2026 and grew net worth to $119.6 billion, but the credit loss provision more than doubled to $1.1 billion and delinquency rates rose in both single-family and multifamily books.
Key Events · Earnings and Guidance · FNMA
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3Q Net Income Rises to $4.2 Billion
Net income of $4.2 billion versus $4.0 billion in 2Q 2026, on net revenues of $7.7 billion, up from $7.6 billion.
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Credit Provision More Than Doubles
Provision for credit losses rose to $1.1 billion from $485 million, driven by higher rates, newly delinquent loans and a weaker multifamily property-value forecast.
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Delinquency Rates Drift Higher
Single-family serious delinquency rose to 0.62% from 0.58% and multifamily to 0.62% from 0.60% quarter over quarter.
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Net Worth Grows to $119.6 Billion
Net worth rose 3% quarter over quarter and 13% year over year, but total comprehensive income fell 18% to $3.1 billion on a $1.0 billion other comprehensive loss.
Analysis · FNMA · Finance
The headline earnings beat at Fannie Mae is weaker than it looks. Net income came in at $4.2 billion, up from $4.0 billion, and net worth grew to $119.6 billion, but the credit loss provision jumped to $1.1 billion from $485 million as higher rates and a softer multifamily property-value forecast pushed reserves up. Serious delinquency ticked higher in both books: single-family to 0.62% from 0.58% and multifamily to 0.62% from 0.60%. A $1.0 billion other comprehensive loss on available-for-sale securities cut total comprehensive income 18% to $3.1 billion, so net worth grew by exactly that comprehensive figure rather than by net income. For common holders the quarter is largely symbolic: $0.18 per basic share after $3.14 billion attributable to the senior preferred stock, with the company still in conservatorship and carrying a $30 billion CET1 deficit. The stock has already been under pressure — a Mizuho downgrade on 2026-10-12 halved its FNMA target to $5 — so the reserve build and delinquency drift matter more than the $4.2 billion headline.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FNMA was trading at $4.17 on OTC in the Finance sector, with a market capitalization of approximately $5B. The 52-week trading range was $2.96 to $12.39. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.