Fannie Mae Reports $4.0B Q2 Net Income, Net Worth Hits $116.5B
FNMA sits 70% above its 52-week low of $3.6.
Summary
Fannie Mae earned $4.0 billion in Q2 2026, up 20% year-over-year, as net revenues grew to $7.6 billion. Net worth reached $116.5 billion, reducing the regulatory capital deficit to $14 billion. Credit loss provisions rose to $485 million, with multifamily credit remaining an area of focus.
Key Events · Earnings and Guidance · FNMA
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Q2 Net Income Rises 20% YoY
Net income of $4.0 billion, up from $3.3 billion in Q2 2025, driven by a 4% increase in net revenues to $7.6 billion.
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Net Worth Reaches $116.5 Billion
Net worth increased $3.8 billion from Q1 2026, reducing the regulatory capital deficit to $14 billion from $74 billion in Q4 2022.
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Credit Loss Provision Increases
Provision for credit losses rose to $485 million from $277 million in Q1 2026, primarily due to multifamily credit challenges including weaker property valuations.
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Multifamily Delinquency Rate Improves
Multifamily serious delinquency rate fell to 0.60% from 0.78% in Q1 2026, aided by loan modifications, though new delinquencies emerged.
Analysis · FNMA · Finance
Fannie Mae delivered a strong second quarter with net income rising 20% year-over-year to $4.0 billion, driven by higher net revenues from its $4.1 trillion guaranty book. Net worth climbed to $116.5 billion, further reducing the regulatory capital deficit. However, credit loss provisions increased to $485 million, reflecting ongoing multifamily market stress, though the multifamily serious delinquency rate improved. The results underscore the company's earnings power and progress toward capital adequacy, but credit headwinds in multifamily warrant monitoring.
At the time of this filing, FNMA was trading at $6.11 on OTC in the Finance sector, with a market capitalization of approximately $7.1B. The 52-week trading range was $3.60 to $15.99. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.