For Q4 2025, Redwood Trust generated 25900000 of net interest income and 61300000 of non-interest income, resulting in net income available to common stockholders of 18300000, or 0.13 per share.
Redwood Trust, Inc. reported a net income of $14.4 million for Q1 2025, or $0.10 per basic and diluted common share, a significant improvement from a loss in the previous quarter. The company saw strong lock volumes in Sequoia Mortgage Banking and maintained a low recourse leverage ratio.
Redwood Trust reported a GAAP loss of $(0.07) per share for the fourth quarter of 2024, while non-GAAP earnings available for distribution (EAD) were $0.13 per share. The full-year 2024 results showed tangible progress, with operating businesses returning to strong profitability and a 5.7% total economic return.
Redwood Trust reported a GAAP net income available to common stockholders of $13.1 million, or $0.09 per basic and diluted common share, and non-GAAP Earnings Available for Distribution (EAD) of $25.2 million, or $0.18 per basic common share. The company's operating platforms delivered their strongest performance in over three years, driven by deepening partnerships, sustained product demand, and enhanced distribution capabilities.
Redwood Trust reported GAAP net income available to common stockholders of $13.8 million, or $0.10 per basic and diluted common share, and non-GAAP Earnings Available for Distribution (EAD) of $18.6 million, or $0.13 per basic common share. The company's mortgage banking platforms saw a nearly 50% increase in volumes, boosting returns.
Redwood Trust reported a GAAP net income available to common stockholders of $29 million, or $0.21 per diluted common share, and non-GAAP Earnings Available for Distribution (EAD) of $11 million, or $0.08 per basic common share. The company's GAAP book value per common share was $8.78 at March 31, 2024, a 1.6% increase from the prior quarter. Residential Consumer lock volumes and securitization activity reached their highest levels since the beginning of the Fed hiking cycle.
Redwood Trust reported a GAAP net income available to common stockholders of $19 million, or $0.15 per diluted common share, and non-GAAP Earnings Available for Distribution (EAD) of $7 million, or $0.05 per basic common share. The company's GAAP book value per common share was $8.64 at December 31, 2023, a 1.5% decrease from the previous quarter. Redwood's recourse leverage ratio was 2.2x at the end of the quarter.
Redwood Trust reported a GAAP net loss of $(33) million, or $(0.29) per diluted common share, and non-GAAP Earnings Available for Distribution (EAD) of $11 million, or $0.09 per basic common share for Q3 2023. The company saw growth in its Residential Mortgage Banking business and successfully securitized and sold its production across both operating businesses.
Redwood Trust reported a GAAP net income available to common stockholders of $1 million, or $0.00 per diluted common share, and non-GAAP Earnings Available for Distribution (EAD) of $16 million, or $0.14 per basic common share. The company's GAAP book value per common share was $9.26 at June 30, 2023, a 1.5% decrease from the previous quarter. They established new partnerships and relationships, and saw growth in their operating platforms.
Redwood Trust reported a productive first quarter in 2023, delivering a positive total economic return to shareholders and restoring operating businesses to profitability. The company achieved considerable success in loan distributions, with approximately $1.0 billion in combined securitization and whole loan sale activity.
Redwood Trust reported a challenging fourth quarter due to historic dislocations, resulting in a GAAP net loss of $(0.40) per diluted common share and Non-GAAP Earnings Available for Distribution (EAD) of $(0.11) per basic common share. However, the company is optimistic about 2023, citing strategic initiatives and a strong liquidity position.
Redwood Trust reported a GAAP net loss of $(0.44) per diluted common share and Non-GAAP Earnings Available for Distribution (EAD) of $0.16 per basic common share for Q3 2022. The company deployed $167 million of capital into new investments and maintained a robust balance sheet with $297 million in unrestricted cash.
Redwood Trust reported a GAAP net loss of $(0.85) per diluted common share for Q2 2022, with $(0.74) per share attributable to net fair value changes on long-term investments. Despite market volatility, demand for shorter-term financing from business purpose lending borrowers proved more resilient.
Redwood Trust reported a net income of $31 million, translating to $0.24 per diluted common share, and an annualized return on equity of 9%. The company's book value per common share was $12.01. Redwood funded a record $920 million in business purpose loans and locked $2.6 billion of jumbo residential loans.
Redwood Trust reported a GAAP net income of $44 million, or $0.34 per diluted common share, with a book value per common share of $12.06 at the end of 2021. The company's economic return on book value was 2.4% for the quarter and 29.6% for the full year. They funded $733 million in business purpose loans and locked $2.8 billion of jumbo residential loans.
Redwood Trust reported GAAP net income of $88 million, or $0.65 per diluted common share, and GAAP book value per common share was $12.00 at September 30, 2021, up 4.7% from June 30, 2021. The company achieved an economic return on book value of 6.5% for the third quarter and 26.6% year-to-date for 2021. The recourse leverage ratio was 2.2x at September 30, 2021.
Redwood Trust reported GAAP net income of $90 million, or $0.66 per diluted common share, and GAAP book value per common share was $11.46 at June 30, 2021, up 6.5% from March 31, 2021. The company's economic return on book value was 8.2% for the second quarter. Originated $527 million in business purpose loans, up 37% from the first quarter of 2021. Locked $3.9 billion of jumbo residential loans.
Redwood Trust reported a GAAP net income of $97 million, or $0.72 per diluted common share, and a GAAP book value per common share of $10.76 at March 31, 2021. The company's economic return on book value was 10%, and the recourse leverage ratio was 1.9x at the end of the quarter. They declared a regular quarterly dividend of $0.16 per common share for the first quarter.
Redwood Trust reported a GAAP net income of $54 million, or $0.42 per diluted common share. The company locked a record $3.8 billion of jumbo residential loans, up 81% from the third quarter of 2020. The loan pipeline at December 31, 2020 included $3.1 billion of loans identified for purchase, up 72% from the third quarter of 2020.
Redwood Trust reported a GAAP net income of $142 million, or $1.02 per diluted common share, and an economic return on book value of 17%. The company's unrestricted cash balance was $451 million, and the total recourse leverage ratio was 1.4x.
Redwood Trust reported a GAAP net income of $165 million, or $1.00 per diluted common share, and an economic return on book value of 31%. The company has also repositioned its secured debt structure significantly, reducing total recourse debt from $4.6 billion to $1.8 billion and marginable debt from $3.5 billion to $375 million.
Redwood Trust reported a GAAP net loss of $(943) million, or $(8.28) per diluted common share, due to the impact of the COVID-19 pandemic on the economy and financial markets. The company's unrestricted cash balance was $375 million at the end of the quarter.
Redwood Trust reported a GAAP net income of $49 million, or $0.38 per diluted common share, and non-GAAP core earnings of $61 million, or $0.45 per diluted common share, for the fourth quarter of 2019. The company completed its acquisition of CoreVest for $492 million and deployed $634 million of capital into new investments during the quarter.