Ocwen Q3 net income $37M ($4.33 EPS); Oaktree commits $250M to MSR joint venture

ONITY GROUP INC.

2022-Q3 EPS reported $11.34 revenue$703,444,000

GAAP net income $37M, EPS $4.33; annualized return on GAAP book equity 27%.
Book value per share $69, up $14 from year-end 2021; total liquidity $255M (+$62M).
Repurchased $48M of stock since program launch as of Oct 31, 2022.
Oaktree agrees to up to $250M additional capital for MSR joint venture; Ocwen may contribute pro rata.
Adjusted pre-tax loss of $8M for Q3 2022.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ONITY GROUP INC. reported the third quarter ended September 30, 2022 results: net income $37 million, EPS $4.33.

Period: the third quarter ended September 30, 2022
Net income: $37 million
EPS: $4.33
Result: reported results

Exact text from the filing

The Company reported GAAP net income of $37 million for the third quarter with an adjusted pre-tax loss of $8 million

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Source: SEC EDGAR

accession 0001493152-22-030270

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