Mr Cooper Q3 2020 Earnings Report
Key Takeaways
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.
Net income was reported at $214 million, with diluted EPS at $2.18.
Pretax operating income reached $348 million, equivalent to a ROTCE of 50.9%, despite a mark-to-market loss of $29 million.
The originations segment achieved a record pretax income of $438 million, supported by a record funded volume of $15.6 billion.
Xome's pretax income was reported at $15 million, with pretax operating income at $18 million.
Mr Cooper
Mr Cooper
Mr Cooper Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income