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Jun 30, 2022

Mr Cooper Q2 2022 Earnings Report

Mr. Cooper Group reported a net income of $151 million and EPS of $2.03. The servicing portfolio grew to $804 billion, and the company repurchased 2.3 million shares for $100 million.

Key Takeaways

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.

Reported net income of $151 million including MSR mark of $196 million, equivalent to ROCE of 15.1%.

Book value per share increased to $56.34.

Tangible book value per share increased to $54.51.

Servicing UPB grew to $804 billion, up 23% y/y.

Total Revenue
$599M
Previous year: $574M
+4.4%
EPS
$0.17
Previous year: $1.92
-91.1%
Servicing UPB
$3.9M
Previous year: $3.5M
+11.4%
Gross Profit
$285M
Previous year: $229M
+24.5%
Cash and Equivalents
$514M
Previous year: $716M
-28.2%
Total Assets
$12.9B
Previous year: $23.3B
-44.7%

Mr Cooper

Mr Cooper

Mr Cooper Revenue by Segment

Forward Guidance

No specific forward guidance was found in this report.