Redwood Trust, Inc. (RWT)

Redwood Trust Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	945.16	724.46	707.85	574.93	571.92
Total Interest Expense	854.56	637.52	557.4	427.75	448.01
Net Interest Income	90.61	86.94	150.45	147.18	123.91
Mortgage Banking	99.4	67.39	-13.66	235.74	78.47
Gain (Loss) on Sale of Investments	51.07	-1.28	-170.56	146.14	-583.8
Other Revenue	1.42	5.55	11.66	10.54	63.38
Revenue Before Loan Losses	242.5	158.6	-22.1	539.6	-318.03
Revenue	242.5	158.6	-22.1	539.6	-318.03
Revenue Growth (YoY)	52.90%	-	-	-	-
Salaries & Employee Benefits	25.03	24.85	23.1	19.94	12.44
Cost of Services Provided	142.96	123.18	130.52	163.44	108.94
Other Operating Expenses	-0.33	9.21	0.71	14.32	53.52
Total Operating Expenses	167.66	157.24	154.34	197.7	174.9
Operating Income	74.84	1.36	-176.44	341.9	-492.93
EBT Excluding Unusual Items	74.84	1.36	-176.44	341.9	-492.93
Impairment of Goodwill	-	-	-	-	-88.68
Other Unusual Items	-2	-2	-7	-	-
Pretax Income	72.84	-0.64	-183.44	338.09	-586.46
Income Tax Expense	18.84	1.64	-19.92	18.48	-4.61
Net Income	54	-2.27	-163.52	319.61	-581.85
Preferred Dividends & Other Adjustments	11.41	10.68	4.34	10.64	1.99
Net Income to Common	42.6	-12.96	-167.86	308.98	-583.84
Shares Outstanding (Basic)	132	116	117	113	114
Shares Outstanding (Diluted)	132	116	117	142	114
Shares Change (YoY)	13.64%	-0.81%	-17.49%	24.69%	-16.70%
EPS (Basic)	0.32	-0.11	-1.43	2.73	-5.12
EPS (Diluted)	0.32	-0.11	-1.43	2.37	-5.12
Dividend Per Share	0.670	0.710	0.920	0.780	0.725
Dividend Growth	-5.63%	-22.83%	17.95%	7.59%	-39.58%
Operating Margin	30.86%	0.86%	-	63.36%	-
Profit Margin	17.57%	-8.17%	-	57.26%	-
Effective Tax Rate	25.86%	-	-	5.46%	-

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q