---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-23-000019"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T11:02:21.589436+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000930236-23-000019
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023623000019/0000930236-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023623000019/rwt-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-23-000019
- JSON: https://secwatch.observer/filing/0000930236-23-000019.json
- Plain text: https://secwatch.observer/filing/0000930236-23-000019.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000093023623000019/0000930236-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.