Mr Cooper Q4 2021 Earnings Report
Key Takeaways
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.
Reported fourth quarter net income of $155 million and $2.01 per diluted share, equivalent to ROCE of 19%.
Book value per share increased to $45.64 and tangible book value per share increased to $43.82.
Servicing UPB grew to $710 billion, up 6% quarter-over-quarter and 17% year-over-year.
Repurchased 1.3 million common shares in the fourth quarter for $56 million at an average price of $41.22.
Mr Cooper
Mr Cooper
Mr Cooper Revenue by Segment
Forward Guidance
The company enters 2022 with an extremely talented and dedicated team and a balanced business model that positions them to benefit from higher interest rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income