Ocwen reports FY2022 net income $26M, EPS $2.97; Q4 net loss $80M

ONITY GROUP INC.

2022-FY EPS reported $2.85 revenue$953,900,000

Full-year 2022 net income $26M, EPS $2.97, up 42% and 49% YoY respectively.
Q4 2022 net loss $80M, including $75M of income statement notables; adjusted pre-tax loss $3M.
Book value per share $61, up 17% from year-end 2021; total liquidity $219M, up 13%.
Achieved annualized cost reduction of $100M vs Q2 2022; servicing UPB $290B, up 8% YoY.
Completed $50M share repurchase (1,750,557 shares at avg $28.53).

item 2.02 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 fourth quarter and the year ended December 31, 2022 results: net income $26 million, EPS $2.97.

Period: the fourth quarter and the year ended December 31, 2022
Net income: $26 million
EPS: $2.97
Result: reported results

Exact text from the filing

Ocwen Financial Corporation issued a press release announcing results for the fourth quarter and the year ended December 31, 2022

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ONITY GROUP INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-006145

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