---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-24-000019"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:16:47.002309+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000930236-24-000019
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023624000019/0000930236-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023624000019/rwt-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-24-000019
- JSON: https://secwatch.observer/filing/0000930236-24-000019.json
- Plain text: https://secwatch.observer/filing/0000930236-24-000019.txt

## Key facts
- Earnings Releases
  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
  source text: REDWOOD TRUST REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000093023624000019/0000930236-24-000019-index.htm

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