Ocwen Q2 net income $15M, up $56M QoQ; CFPB ruling final

ONITY GROUP INC.

2023-Q2 EPS reported -$3.25 revenue$533,900,000

GAAP net income of $15M, an improvement of $56M from Q1 2023.
Adjusted pre-tax income of $23M, up $17M from Q1 2023.
Total liquidity of $233M as of June 30, 2023, up 6% from year-end 2022.
Favorable CFPB ruling stands; case closed after no appeal.
Book value per share of $57; $15M pre-tax gain on reverse asset transaction.

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

ONITY GROUP INC. reported second quarter ended June 30, 2023 results: net income $15 million.

Period: second quarter ended June 30, 2023
Net income: $15 million
Result: reported results

Exact text from the filing

On August 3, 2023, Ocwen Financial Corporation issued a press release announcing results for the second quarter ended June 30, 2023 and providing a business update.

View on SEC.gov

Browse all earnings releases →

ONITY GROUP INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-026510

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.