---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-24-000002"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:43:40.834759+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000930236-24-000002
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023624000002/0000930236-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023624000002/rwt-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-24-000002
- JSON: https://secwatch.observer/filing/0000930236-24-000002.json
- Plain text: https://secwatch.observer/filing/0000930236-24-000002.txt

## Key facts
- Earnings Releases
  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
  source text: GAAP net income available to common stockholders of $19 million or $0.15 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000093023624000002/0000930236-24-000002-index.htm

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