secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000930236-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000093023624000035/0000930236-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000093023624000035/rwt-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000930236-24-000035

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