secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000930236-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000093023624000002/0000930236-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000093023624000002/rwt-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000930236-24-000002

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