Redwood Trust Q4 GAAP net income $19M, book value $8.64, EAD $0.05/share

REDWOOD TRUST INC

2023-FY EPS reported -$0.11

GAAP net income $19M ($0.15 diluted EPS); non-GAAP EAD $7M ($0.05 basic share).
GAAP book value per share $8.64, down 1.5% QoQ; economic return 0.3%.
Jumbo loan locks $1.2B (down from $1.6B in Q3); purchases $1.0B (up from $0.8B); gross margins 111bps.
Recourse leverage 2.2x (down from 2.3x); declared $0.16 dividend per share.
Q1 2024 highlights: $396M cash, two jumbo securitizations ~$800M, $60M senior notes, $18M convertible debt repurchased.

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 quarter ended December 31, 2023 results: net income $19 million or $0.15 per diluted common share, EPS $0.15 per diluted common share.

Period: the quarter ended December 31, 2023
Net income: $19 million or $0.15 per diluted common share
EPS: $0.15 per diluted common share
Result: reported results

Exact text from the filing

GAAP net income available to common stockholders of $19 million or $0.15 per diluted common share

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Source: SEC EDGAR

accession 0000930236-24-000002

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