Redwood Trust Q1 GAAP EPS $0.02, EAD $0.11, book value $9.40, dividend $0.23

REDWOOD TRUST INC

2023-Q1 EPS reported $0.02

GAAP net income $0.02 per diluted share; non-GAAP EAD $0.11 per basic share; GAAP book value $9.40, down 1.6% from Q4 2022.
Declared and paid regular quarterly dividend of $0.23 per common share.
Unrestricted cash $404M (106% of marginable debt); recourse leverage ratio 2.3x.
Funded $438M business purpose loans; sold $230M to third parties; distributed $686M jumbo loans via securitizations.
Repurchased $33M of convertible debt due Aug 2023; raised $70M from preferred equity offering in January.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

REDWOOD TRUST INC reported the first quarter ended March 31, 2023 results: net income $0.02 per diluted common share.

Period: the first quarter ended March 31, 2023
Net income: $0.02 per diluted common share
Result: reported results

Exact text from the filing

REDWOOD TRUST REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS MILL VALLEY, CA – Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the first quarter ended March 31, 2023.

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REDWOOD TRUST INC filing history →

Source: SEC EDGAR

accession 0000930236-23-000019

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