Ocwen reports Q1 net income of $30M, EPS $3.74, ROE 29%; Moody's upgrades to B3

ONITY GROUP INC.

2024-Q1 EPS reported $3.74 revenue$239,100,000

Net income of $30M; diluted EPS $3.74; annualized return on equity 29%.
Adjusted pre-tax income of $14M driven by servicing segment; adjusted pre-tax ROE 13.8%.
$23B in total servicing additions, including $19B subservicing; $47M repurchase of PHH senior notes below par.
Moody's upgraded corporate family rating to B3 in April 2024.

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 first quarter ended March 31, 2024 results: net income $30 million, EPS $3.74.

Period: first quarter ended March 31, 2024
Net income: $30 million
EPS: $3.74
Result: reported results

Exact text from the filing

On May 2, 2024, Ocwen Financial Corporation issued a press release announcing results for the first quarter ended March 31, 2024 and providing a business update.

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ONITY GROUP INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-017483

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