secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001493152-23-006145
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315223006145/0001493152-23-006145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315223006145/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-006145

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer