Mr. Cooper Q1 net income $181M, operating ROTCE 14.5%, servicing portfolio up 33% YoY

Maverick Merger Sub 2, LLC

2024-Q1 EPS reported $2.73 revenue$564,000,000

Net income $181M; pretax operating income $199M; ROCE 16.7%, operating ROTCE 14.5%.
Servicing portfolio $1,136B (+33% YoY); pretax operating income $273M; 60+ day delinquency 1.6%.
Originations pretax income $32M; funded $2.9B UPB (11,599 loans) with 55% purchase volume.
Repurchased 0.5M shares for $39M; issued $1B senior notes at 7.125% due 2032.
Book value per share $68.06; tangible book value per share $65.48.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Maverick Merger Sub 2, LLC reported first quarter ended March 31, 2024 results: net income net income of $181 million.

Period: first quarter ended March 31, 2024
Net income: net income of $181 million
Result: reported results

Exact text from the filing

On April 24, 2024, Mr. Cooper Group Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001193125-24-108410

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