UWM Q2 net income $228.8M on record purchase volume $28B; declares $0.10 dividend

UWM Holdings Corp

2023-FY EPS reported -$0.05 revenue$748,794,000

Q2 loan origination volume $31.8B (purchase $28.0B record); net income $228.8M vs. Q1 loss $138.6M.
Total gain margin 88 bps vs. 92 bps Q1 and 99 bps YoY; Q3 guidance: production $26-33B, gain margin 75-100 bps.
Adjusted diluted EPS $0.11, Adjusted EBITDA $125.4M; total equity $2.9B, non-funding debt/equity 0.89.
Board declared $0.10/share dividend payable Oct 11, 2023 to holders of record Sep 20, 2023.
Available liquidity ~$2.8B; MSR portfolio $294.9B UPB with WAC 3.84%; 60+ day delinquency 0.99% vs industry 1.47%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UWM Holdings Corp reported the second quarter ended June 30, 2023 results: net income $228.8 million, EPS $0.08.

Period: the second quarter ended June 30, 2023
Net income: $228.8 million
EPS: $0.08
Result: reported results

Exact text from the filing

The Company reported 2Q23 net income of $228.8 million, inclusive of a $24.6 million increase in fair value of MSRs and diluted earnings per share of $0.08.

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

UWM Holdings Corp filing history →

Source: SEC EDGAR

accession 0001783398-23-000034

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