← REDWOOD TRUST INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $246.4m |
$248.1m
+0.69%
|
$378.7m
+52.67%
|
$622.3m
+64.31%
|
$571.9m
-8.09%
|
$574.9m
+0.53%
|
$707.9m
+23.12%
|
$724.5m
+2.35%
|
$945.2m
+30.46%
|
$1.2b
+25.16%
|
— | |
| Total non-interest income, net | $58.8m | $90.1m | $73.8m | $165.8m | ($475.4m) | $393.8m | ($162.7m) | $72.7m | $154.3m | $94.7m | — | |
| Net Interest Income | $157.8m |
$139.2m
-11.78%
|
$139.7m
+0.31%
|
$142.5m
+2.00%
|
$123.9m
-13.03%
|
$148.2m
+19.58%
|
$155.5m
+4.91%
|
$92.9m
-40.21%
|
$102.6m
+10.40%
|
$82.7m
-19.40%
|
$107.7m
+30.25%
|
|
| Interest Income (Expense), Net | $157.8m |
$139.2m
-11.78%
|
$139.7m
+0.31%
|
$142.5m
+2.00%
|
$123.9m
-13.03%
|
$148.2m
+19.58%
|
$155.5m
+4.91%
|
$92.9m
-40.21%
|
$102.6m
+10.40%
|
$82.7m
-19.40%
|
$1.4b
+1555.00%
|
|
| General and Administrative Expense | — | $77.2m | $82.8m | $118.7m | $115.2m | $170.9m | $140.9m | $128.3m | $136.4m | $153.9m | $160.1m | |
| Other General and Administrative Expense | — | — | $4.0m | $7.6m | $6.8m | $11.6m | $8.2m | $5.3m | $6.6m | $8.0m | — | |
| Amortization of Intangible Assets | — | — | — | $8.5m | $16.0m | $15.0m | — | $12.0m | $9.0m | $8.0m | — | |
| Operating Expenses | — | — | $83.0m | $131.7m | $235.0m | $203.9m | $176.2m | $166.3m | — | — | — | |
| Other Operating Income (Expense), Net | $6.3m | $4.6m | $13.1m | $19.3m | $4.2m | $12.0m | $21.2m | $12.9m | $27.5m | $3.9m | — | |
| Interest Expense | $88.5m | $108.8m | $239.0m | $479.8m | $448.0m | $426.7m | $552.4m | $631.5m | $842.6m | $1.1b | $1.3b | |
| Interest Income, Other | $1.2m | $2.5m | $8.2m | $28.1m | $27.1m | $25.4m | $38.2m | $48.0m | $40.0m | $32.1m | $1.4b | |
| Other interest income | $1.2m | $2.5m | $8.2m | $28.1m | $27.1m | $25.4m | $38.2m | $48.0m | $40.0m | $32.1m | — | |
| Other Nonoperating Income (Expense) | — | — | $0 | $1.8m | $4.3m | $2.4m | ($240k) | $145k | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | $618k | $1.4m | $1.0m | — | — | — | — | — | — | |
| Other Expenses | — | $0 | $196k | $13.0m | $108.8m | $16.7m | $15.6m | $16.2m | $14.1m | $21.9m | — | |
| Other Income | $6.3m | $4.6m | $13.1m | $19.3m | $4.2m | $12.0m | $21.2m | $12.9m | $27.5m | $3.9m | — | |
| Net (Loss) Income before Provision For Income Taxes | $135.0m | $152.2m | $130.7m | $176.6m | ($586.5m) | $338.1m | ($183.4m) | ($639k) | $72.8m | ($44.8m) | — | |
| Provision for income taxes | ($3.7m) | ($11.8m) | ($11.1m) | ($7.4m) | $4.6m | ($18.5m) | $19.9m | ($1.6m) | ($18.8m) | ($25.2m) | — | |
| Current Income Tax Expense (Benefit) | — | — | $12.2m | $12.9m | $1.4m | $38.6m | $836k | $112k | $5.9m | $10.4m | $13.0m | |
| Net Income (Loss) Attributable to Parent | $131.3m |
$140.4m
+6.97%
|
$119.6m
-14.82%
|
$169.2m
+41.46%
|
($581.8m)
-443.92%
|
$319.6m
+154.93%
|
($163.5m)
-151.16%
|
($2.3m)
+98.61%
|
$54.0m
+2474.85%
|
($70.0m)
-229.67%
|
($6.8m)
+90.24%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | $115.8m |
$164.4m
+41.90%
|
($583.8m)
-455.16%
|
$309.0m
+152.92%
|
($167.9m)
-154.33%
|
($9.0m)
+94.66%
|
$47.0m
+624.55%
|
($77.0m)
-263.96%
|
($6.8m)
+91.13%
|
|
| Earnings Per Share, Basic | $1.12 | $1.12 | $1.47 | $1.63 | ($5.12) | $2.73 | ($1.43) | ($0.11) | $0.32 | ($0.63) | ($0.06) | |
| Earnings Per Share, Diluted | $1.54 | $1.60 | $1.34 | $1.46 | ($5.12) | $2.37 | ($1.43) | ($0.11) | $0.32 | ($0.63) | ($0.06) | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $1.18 | $1.20 | $0.72 | $0.78 | $0.92 | $0.71 | $0.67 | $0.72 | — | |
| Preferred Stock, Dividends Per Share, Declared | $1.12 | $1.12 | $1.18 | $1.63 | ($5.12) | $2.73 | ($1.43) | $2.48 | $2.50 | $2.50 | $7,016,000.00 | |
| Weighted Average Number of Shares Outstanding, Basic | 76.7m | 76.8m | 78.7m | 101.1m | 113.9m | 113.2m | 117.2m | 116.3m | 132.1m | 130.3m | 126.3m | |
| Basic weighted average common shares outstanding (in shares) | 76.7m | 76.8m | 78.7m | 101.1m | 113.9m | 113.2m | 117.2m | 116.3m | 132.1m | 130.3m | — | |
| Diluted weighted average common shares outstanding (in shares) | 97.9m | 102.0m | 110.0m | 136.8m | 113.9m | 142.1m | 117.2m | 116.3m | 132.1m | 130.3m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 97.9m | 102.0m | 110.0m | 136.8m | 113.9m | 142.1m | 117.2m | 116.3m | 132.1m | 130.3m | 126.3m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | $0 | $3.2m | $200k | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | $0 | $88.7m | $0 | $0 | $0 | — | — | $0 | |
| Other Cost and Expense, Operating | — | — | $19k | $1.1m | $3.9m | $1.4m | $1.6m | $3.8m | — | — | — | |
| Other General Expense | — | — | $2.0m | $2.4m | $2.8m | $3.4m | $3.7m | $3.6m | $3.5m | $3.4m | — | |
| Realized Investment Gains (Losses) | $28.0m | $13.4m | $27.0m | $23.8m | $30.4m | $18.0m | $5.3m | $1.7m | $306k | ($608k) | — | |
| Residential consumer loans | $137.8m | $154.4m | $239.8m | $316.0m | $222.7m | $204.8m | $250.5m | $253.9m | $485.3m | $801.6m | — | |
| Residential investor loans | — | — | — | — | — | — | $362.5m | $382.3m | $351.9m | $273.7m | — | |
| Consolidated Agency multifamily loans | $0 | $0 | $21.3m | $132.6m | $54.8m | $19.3m | $18.9m | $18.6m | $18.2m | $12.2m | — | |
| Real estate securities | $76.9m | $90.8m | $105.1m | $91.8m | $49.6m | $54.7m | $37.7m | $21.6m | $49.7m | $63.3m | — | |
| Asset-backed securities issued | ($14.7m) | ($19.1m) | ($99.4m) | ($294.5m) | ($299.7m) | ($305.8m) | ($370.2m) | ($371.8m) | ($572.5m) | ($805.1m) | — | |
| Debt obligations | ($51.5m) | ($52.9m) | ($80.7m) | ($88.8m) | ($97.4m) | ($78.4m) | ($97.8m) | ($143.4m) | ($270.1m) | ($295.1m) | — | |
| Mortgage banking activities, net | $38.7m | $53.9m | $59.6m | $87.3m | $78.5m | $235.7m | ($13.7m) | $67.4m | $99.4m | $167.1m | — | |
| Investment fair value changes, net | ($28.6m) | $10.4m | ($25.7m) | $35.5m | ($588.4m) | $128.0m | ($175.6m) | ($44.4m) | ($14.8m) | ($97.4m) | — | |
| HEI income, net | — | — | — | — | — | $13.4m | $2.7m | $35.1m | $41.8m | $711k | — | |
| Servicing income, net | — | — | — | — | — | — | — | $7.0m | $14.4m | $10.0m | — | |
| Fee income, net | — | — | — | — | — | — | — | $8.2m | $11.0m | $11.0m | — | |
| Realized gains, net | $28.0m | $13.4m | $27.0m | $23.8m | $30.4m | $18.0m | $5.3m | $1.7m | $306k | ($608k) | — | |
| Portfolio management costs | — | — | — | — | ($4.2m) | ($5.8m) | ($8.0m) | ($14.6m) | ($20.9m) | ($28.3m) | — | |
| Loan acquisition costs | — | — | ($7.5m) | ($9.9m) | ($11.0m) | ($16.3m) | ($11.8m) | ($7.2m) | ($12.7m) | ($18.1m) | — | |
| Net (Loss) Income | $131.3m | $140.4m | $119.6m | $169.2m | ($581.8m) | $319.6m | ($163.5m) | ($2.3m) | $54.0m | ($70.0m) | — | |
| Dividends on preferred stock | — | — | — | — | — | $0 | $0 | ($6.7m) | ($7.0m) | ($7.0m) | — | |
| Net (Loss) Income (Related) Available to Common Stockholders | — | — | — | — | — | $319.6m | ($163.5m) | ($9.0m) | $47.0m | ($77.0m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.