Segment Reporting (Tables)

The table below presents the financial results for our Single-Family and Multifamily segments.

Table 11.1 - Segment Financial Results


	1Q 2026			1Q 2025

(In millions)	Single-Family	Multifamily	Total	Single-Family	Multifamily	Total
Net interest income
Interest income	$31,570	$2,080	$33,650	$30,046	$1,319	$31,365
Interest expense	(26,450)	(1,581)	(28,031)	(25,293)	(970)	(26,263)
Net interest income	5,120	499	5,619	4,753	349	5,102
Non-interest income
Guarantee income	20	300	320	23	417	440
Investment gains (losses), net	(66)	108	42	61	131	192
Other income	101	51	152	81	37	118
Non-interest income	55	459	514	165	585	750
Net revenues	5,175	958	6,133	4,918	934	5,852
(Provision) benefit for credit losses	311	9	320	(228)	(52)	(280)
Non-interest expense
Administrative expense(1)	(482)	(144)	(626)	(523)	(153)	(676)
Credit enhancement expense	(386)	(55)	(441)	(491)	(49)	(540)
Legislative and regulatory assessments	(821)	(11)	(832)	(807)	(10)	(817)
Other expense	(91)	(32)	(123)	(50)	(5)	(55)
Non-interest expense	(1,780)	(242)	(2,022)	(1,871)	(217)	(2,088)
Income before income tax expense	3,706	725	4,431	2,819	665	3,484
Income tax expense	(730)	(143)	(873)	(558)	(132)	(690)
Net income	2,976	582	3,558	2,261	533	2,794
Other comprehensive income (loss), net of taxes and reclassification adjustments	(13)	(7)	(20)	8	26	34
Comprehensive income	$2,963	$575	$3,538	$2,269	$559	$2,828

(1)Includes salaries and employee benefits and professional services, technology, and occupancy.

The table below presents total assets for our Single-Family and Multifamily segments.

Table 11.2 - Segment Assets


(In millions)	March 31, 2026	December 31, 2025
Single-Family	$3,157,981	$3,156,290
Multifamily	498,332	495,835
Total segment assets	3,656,313	3,652,125
Reconciling items(1)	(150,995)	(154,527)
Total assets per condensed consolidated balance sheets	$3,505,318	$3,497,598