Guild Q1 net income $28.5M; origins $3.9B; declares $0.50 special dividend

Guild Holdings Co

2024-Q1 EPS reported $0.46

Net income attributable to Guild of $28.5M vs net loss $93M in Q4 2023; adjusted net income $8.0M.
Total originations $3.9B (+6% QoQ); 91% purchase; gain on sale margin 364 bps (up 34 bps).
Completed acquisition of Academy Mortgage (600+ originators) in quarter.
Board declared $0.50 special dividend payable June 6 to holders of record May 20.
Servicing portfolio UPB $86.3B (+2% QoQ); leverage 1.6x; tangible book value $16.05.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Guild Holdings Co reported first quarter ended March 31, 2024 results: revenue $231.8 million, net income $28.5 million, EPS $0.47.

Period: first quarter ended March 31, 2024
Revenue: $231.8 million
Net income: $28.5 million
EPS: $0.47
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- GUILD HOLDINGS COMPANY REPORTS FIRST QUARTER 2024 RESULTS • Originations of $3.9 Billion • Net Revenue of $231.8 Million • Net Income Attributable to Guild of $28.5 Million • Adjusted Net Income of $8.0 Million • Return on Equity of 9.5% and Adjusted Return on Equity of 2.7% • Gain on Sale Margin

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Source: SEC EDGAR

accession 0001821160-24-000028

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