Redwood Capital Bancorp (RWCB)

Redwood Capital Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	20.81	19.65	18.37	15.47	16.17
Interest Income on Investments	4.23	4.13	3.27	2.8	1.13
Total Interest Income	25.04	23.77	21.64	18.27	17.3
Interest Paid on Deposits	4.76	4.52	1.45	0.4	0.7
Interest Paid on Borrowings	0.33	0.64	0.65	0.62	0.59
Total Interest Expense	5.09	5.16	2.1	1.02	1.29
Net Interest Income	19.94	18.61	19.54	17.25	16.01
Net Interest Income Growth (YoY)	7.15%	-4.74%	13.26%	7.75%	8.87%
Mortgage Banking Activities	0.26	0.39	0.43	1.23	2.34
Other Non-Interest Income	1.04	1.37	2.31	1.42	0.29
Total Non-Interest Income	2.77	3.2	4.19	4.05	3.81
Non-Interest Income Growth (YoY)	-13.70%	-23.49%	3.35%	6.30%	3.09%
Revenues Before Loan Losses	22.71	21.82	23.73	21.3	19.82
Provision for Loan Losses	-0.24	0.23	0.06	0.24	0.14
Revenue	22.95	21.58	23.67	21.06	19.68
Revenue Growth (YoY)	6.32%	-8.81%	12.37%	7.02%	14.69%
Salaries and Employee Benefits	8.49	7.57	7.64	6.87	6.04
Occupancy Expenses	1.48	1.38	1.45	1.36	1.22
Selling, General & Administrative	1.33	1.24	1.18	1.06	0.99
Other Non-Interest Expense	4.48	4.17	3.66	3.42	3.73
Total Non-Interest Expense	15.78	14.36	13.92	12.71	11.98
EBT Excluding Unusual Items	7.17	7.23	9.75	8.36	7.7
Pretax Income	7.17	7.23	9.75	8.36	7.7
Income Tax Expense	1.99	1.95	2.7	2.33	2.11
Net Income	5.18	5.27	7.04	6.02	5.59
Net Income to Common	5.18	5.27	7.04	6.02	5.59
Net Income Growth	-1.65%	-25.16%	16.98%	7.67%	26.94%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-2.07%	1.23%	-1.01%	0.42%	2.57%
EPS (Basic)	2.67	2.70	3.61	3.06	2.87
EPS (Diluted)	2.66	2.65	3.58	3.03	2.82
EPS Growth	0.38%	-25.98%	18.15%	7.45%	23.68%
Dividend Per Share	0.360	0.320	0.320	0.300	0.280
Dividend Growth	12.50%	-	6.67%	7.14%	-
Effective Tax Rate	27.71%	27.04%	27.73%	27.94%	27.38%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.