Redwood Trust Q3 2024: GAAP EPS $0.09, EAD $0.18, book value $8.74, dividend raised 6.25% to $0.17

REDWOOD TRUST INC

2024-Q3 EPS reported $0.40

GAAP net income $13.1M ($0.09 per share); Non-GAAP EAD $25.2M ($0.18 per share).
Book value per share $8.74 (flat QoQ); economic return on book value 2.1% in Q3, 6.8% YTD.
Residential Consumer mortgage banking locked $2.2B loans; GAAP ROC annualized 30%.
Dividend raised to $0.17 per common share for Q3, a 6.25% increase from Q2.
Deployed $157M capital accretively; recourse leverage ratio 2.5x at Sept 30, 2024.

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