三井物产株式会社房利美（FANNIE MAE）2025年第四季度及全年业绩演示报告（英文版）（21页）.pdf

1、February 11,20264Q&Full Year 2025Earnings Presentation 2026 Fannie MaeThe Endnotes provided on slides 17-19 are an integral part of this presentation.Also see slide 16 for key definitions used in this presentation and notices relating to forward-looking statements and additional information.4Q and F

2、ull Year 2025 Key HighlightsEnhanced operational effectiveness and effectively reduced costsRemained committed to disciplined financial and risk managementDeveloped innovative market solutionsWe are stronger,more effective,and better positioned for the future.$3.5B4Q25Net Income($3.9B in 3Q25)$14.4B

3、FY25Net Income($17.0B in 2024)$109.0BYE25Net Worth 1($94.7B as of YE24)Financial PerformanceMission Performance4Q25FY25$123B$409BLiquidity provided to the mortgage market 449K1.5MHouseholds helped to buy,refinance,or rent a home Company Impact1The Endnotes provided on slides 17-19 are an integral pa

4、rt of this presentation.Also see slide 16 for key definitions used in this presentation and notices relating to forward-looking statements and additional information.$Millions4Q253Q25+/(-)4Q24+/(-)Net revenues 2$7,331$7,307$240%$7,297$340%Other gains(losses),net3(252)133(385)NM813(1,065)NM(Provision

5、)/benefit for credit losses(298)(338)4012(321)237Non-interest expense a(2,371)(2,267)(104)(5)(2,610)2399Pretax income4,4104,835(425)(9)5,179(769)(15)Tax provision(883)(976)9310(1,049)16616Net income$3,527$3,859$(332)(9)%$4,130$(603)(15)%Total assets($B)$4,318$4,336$(18)0%$4,350$(32)(1)%Net worth($B)

6、b$109.0$105.5$3.53.3%$94.7$14.415.2%4Q 2025 Financial SummaryKey MetricsGuaranty Fees 4/Net Revenues 20.68%Net Interest Margin 512.56%Administrative Expense Ratio 610.2%*Illustrative Return on Average Required CET1 7(80.9%in 3Q25)(10.3%*in 3Q25)(0.67%in 3Q25)(11.21%in 3Q25)81.0%$5.9BGuaranty Fees4($