Redwood Trust Q1 GAAP EPS $0.21, book value $8.78, jumbo locks $1.8B (+53% QoQ)

REDWOOD TRUST INC

2024-Q1 EPS reported $0.21

GAAP net income $29M ($0.21 diluted); non-GAAP EAD $11M ($0.08 basic).
Book value per share $8.78, up 1.6% from Q4; quarterly economic return 3.5%.
Residential jumbo loan lock volume $1.8B, up 53% QoQ; gross margin 107bps above target.
Completed strategic capital partnership with CPP Investments: JV up to $4B loan capacity and $250M financing line.
Repurchased $31M of convertible debt; issued $60M senior notes due 2029; cash $275M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REDWOOD TRUST INC reported the quarter ended March 31, 2024 results: net income $29 million or $0.21 per diluted common share.

Period: the quarter ended March 31, 2024
Net income: $29 million or $0.21 per diluted common share
Result: reported results

Exact text from the filing

REDWOOD TRUST REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS

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REDWOOD TRUST INC filing history →

Source: SEC EDGAR

accession 0000930236-24-000019

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