Loading...
•
Dec 31, 2023
Mr Cooper Q4 2023 Earnings Report
Mr. Cooper Group reported a net income of $46 million for Q4 2023.
Key Takeaways
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.
Net income was reported at $46 million, including a $41 million mark-to-market loss.
The servicing portfolio grew 14% year-over-year, reaching $992 billion.
1.3 million shares of common stock were repurchased for $72 million.
Book value per share and tangible book value per share increased to $66.29 and $63.67, respectively.
Forward Guidance
Mr. Cooper Group enters 2024 with robust capital and liquidity and aims to achieve its $1 trillion portfolio strategic target.
Positive Outlook
- Strong capital position
- Healthy liquidity
- Talented and dedicated team
- Enormous energy to serve customers and clients
- Market leader position
Challenges Ahead
- Rising interest rates may pose headwinds for originations
- Cyber event impacted pretax operating income
- Mark-to-market adjustments can be volatile
- Competition in the mortgage industry
- Potential risks and uncertainties described in SEC filings
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...