Loading...
•
Jun 30, 2023
Mr Cooper Q2 2023 Earnings Report
Mr. Cooper Group's financial performance in Q2 2023 reflected a strong net income, portfolio growth, and increased stock repurchase authorization.
Key Takeaways
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.
Reported net income of $142 million, including a $61 million mark-to-market.
Book value per share and tangible book value per share increased to $61.02 and $58.81, respectively.
Servicing UPB grew 10% year-over-year to $882 billion.
Repurchased 1.2 million shares of common stock for $57 million, with a subsequent $200 million increase in repurchase authorization.
Mr Cooper
Mr Cooper
Forward Guidance
No specific forward guidance was provided in the press release.