earnings
confidence high
sentiment positive
materiality 0.70
Rithm Capital Q1 2023 GAAP net income $68.9M; EAD $0.35 per share
Rithm Capital Corp.
2023-Q1 EPS reported
$0.14
revenue$783,417,000
- GAAP net income of $68.9M ($0.14 diluted EPS); Earnings Available for Distribution of $171.1M ($0.35 diluted EPS).
- Common dividend maintained at $0.25 per share; book value per common share $11.67.
- Origination & Servicing segment pre-tax income of $164.0M on $7.0B funded production.
- MSR portfolio $603B UPB; estimated Q2 funded origination volume $7B to $9B.
- Chairman cites consistent results despite volatile macro and regional banking stress.