Mr Cooper Earnings Reports

Mr. Cooper Group reported a strong fourth quarter with net income of $204 million and total revenue of $654 million. The company achieved an operating ROTCE of 15.8%, driven by a 57% year-over-year growth in its servicing portfolio and successful completion of the Flagstar mortgage operations acquisition.

Mr. Cooper Group reported a strong third quarter with income before income tax expense of $112 million and net income of $80 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $246 million. The company's servicing portfolio ended the quarter at $1,239 billion.

Mr. Cooper Group reported a strong second quarter with income before income tax expense of $277 million and net income of $204 million. Excluding other mark-to-market and other adjustments, the company reported pretax operating income of $219 million. The company also announced the acquisition of Flagstar’s mortgage operations, which is expected to close in the fourth quarter of 2024.

Mr. Cooper Group reported a strong start to 2024 with a net income of $181 million, representing a 16.7% ROCE and a 14.5% operating ROTCE. The company's servicing portfolio grew significantly, and strategic investments in technology contributed to the positive results.

Mr. Cooper Group reported a net income of $46 million for the fourth quarter of 2023. The company's servicing portfolio grew 14% year-over-year to $992 billion. They also repurchased 1.3 million shares of common stock for $72 million.

Mr. Cooper Group reported a strong Q3 2023 with a net income of $275 million. The company's servicing portfolio reached $937 billion, making it the nation's largest servicer. The company also closed acquisitions of Home Point Capital and Roosevelt Management Company.

Mr. Cooper Group reported a net income of $142 million for Q2 2023, which included a $61 million mark-to-market. Excluding mark-to-market and other items, the pretax operating income was $150 million. The company's servicing portfolio grew, and the board increased the stock repurchase authorization by $200 million.

Mr. Cooper Group reported a net income of $37 million for Q1 2023, which included a $63 million mark-to-market adjustment. Excluding this adjustment and other items, the company's pretax operating income was $110 million. The servicing portfolio ended the quarter at $853 billion in UPB. Originations earned pretax income and pretax operating income of $23 million.

Mr. Cooper Group reported a net income of $1 million for the fourth quarter of 2022, which included a $58 million mark-to-market adjustment. Excluding mark-to-market and other items, the company's pretax operating income was $82 million. The servicing portfolio grew to $870 billion in UPB, up 23% year-over-year.

Mr. Cooper Group reported a solid quarter with a net income of $113 million. The company saw strong growth in its servicing portfolio and book value per share. The company repurchased 1.1 million common shares for $50 million.

Mr. Cooper Group reported a net income of $151 million, or $2.03 per diluted share, for the second quarter. The results included a $196 million mark-to-market adjustment. The company's servicing portfolio grew to $804 billion, and it repurchased 2.3 million shares for $100 million.

Mr. Cooper Group reported a strong first quarter with a net income of $658 million, which includes a $552 million MSR mark. The company's servicing UPB grew to $796 billion, and it closed the Sagent transaction, resulting in a pretax gain of $223 million.

Mr. Cooper Group Inc. reported a strong fourth quarter with a net income of $155 million, or $2.01 per diluted share. The company's servicing portfolio grew to $710 billion, up 6% quarter-over-quarter. Solid results in the fourth quarter closed out a fantastic year for Mr. Cooper, where they delivered very strong returns and portfolio growth.

Mr. Cooper Group reported a strong third quarter with a net income of $299 million, driven by solid performance in both Servicing and Originations segments. The company continued to simplify its business model and delivered strong operating results.

Mr. Cooper Group reported a strong second quarter with a net income of $439 million, driven by solid operating returns and strategic actions such as the sale of Title365 and Reverse portfolios. The company's balance sheet is strong with $1.2 billion in cash, and the capital ratio exceeded the target of 15%.

Mr. Cooper Group reported a strong first quarter in 2021, achieving a net income of $561 million, driven by record pretax operating income of $363 million and significant origination volume. The company also strategically grew its servicing portfolio and executed capital management initiatives, including share repurchases and the sale of Title365.

Mr. Cooper Group reported a strong fourth quarter with a net income of $191 million, or $2.00 per diluted share. The company's originations segment achieved record funded volume, and strategic financial management improved the balance sheet.

Mr. Cooper Group reported a strong third quarter with a net income of $214 million and diluted EPS of $2.18. The company's performance was driven by record origination fundings and a 51% operating ROTCE. The company also strengthened its balance sheet by redeeming senior notes and refinancing debt at a lower coupon rate.

Mr. Cooper Group reported a net income of $73 million, or $0.77 per diluted share, for the second quarter. Excluding mark-to-market adjustments and other items, the company generated a pretax operating income of $350 million. The Originations segment achieved record pretax income, while the Servicing segment experienced a loss due to mark-to-market adjustments.

Mr. Cooper Group reported a net loss for Q1 2020, primarily driven by a negative mark-to-market adjustment. However, the company demonstrated strong operational performance with pretax operating income of $127 million, and the originations segment achieving pretax income of $158 million.

Mr. Cooper Group reported a net income of $461 million, or $4.95 per diluted share, for the fourth quarter of 2019. The results included a $285 million recovery of deferred tax asset reserve and a positive $102 million mark-to-market. Pretax operating income, excluding mark-to-market and other items, was $125 million.