Redwood Trust, Inc. (RWT)

Redwood Trust Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,013	945.16	724.46	707.85	574.93	571.92
Total Interest Expense	918.18	854.56	637.52	557.4	427.75	448.01
Net Interest Income	94.34	90.61	86.94	150.45	147.18	123.91
Mortgage Banking	117.9	99.4	67.39	-13.66	235.74	78.47
Gain (Loss) on Sale of Investments	25.77	51.07	-1.28	-170.56	146.14	-583.8
Other Revenue	3.79	1.42	5.55	11.66	10.54	63.38
Revenue Before Loan Losses	241.8	242.5	158.6	-22.1	539.6	-318.03
Revenue	241.8	242.5	158.6	-22.1	539.6	-318.03
Revenue Growth (YoY)	29.65%	52.90%	-	-	-	-
Salaries & Employee Benefits	25.03	25.03	24.85	23.1	19.94	12.44
Cost of Services Provided	152.09	142.96	123.18	130.52	163.44	108.94
Other Operating Expenses	0.22	-0.33	9.21	0.71	14.32	53.52
Total Operating Expenses	177.33	167.66	157.24	154.34	197.7	174.9
Operating Income	64.47	74.84	1.36	-176.44	341.9	-492.93
EBT Excluding Unusual Items	64.47	74.84	1.36	-176.44	341.9	-492.93
Impairment of Goodwill	-	-	-	-	-	-88.68
Other Unusual Items	-	-2	-2	-7	-	-
Pretax Income	64.47	72.84	-0.64	-183.44	338.09	-586.46
Income Tax Expense	24.58	18.84	1.64	-19.92	18.48	-4.61
Net Income	39.89	54	-2.27	-163.52	319.61	-581.85
Preferred Dividends & Other Adjustments	11.46	11.41	10.68	4.34	10.64	1.99
Net Income to Common	28.43	42.6	-12.96	-167.86	308.98	-583.84
Net Income Growth	70.70%	-	-	-	-	-
Shares Outstanding (Basic)	132	132	116	117	113	114
Shares Outstanding (Diluted)	132	132	116	117	142	114
Shares Change (YoY)	9.67%	13.64%	-0.81%	-17.49%	24.69%	-16.70%
EPS (Basic)	0.21	0.32	-0.11	-1.43	2.73	-5.12
EPS (Diluted)	0.21	0.32	-0.11	-1.43	2.37	-5.12
EPS Growth	105.35%	-	-	-	-	-
Dividend Per Share	0.690	0.670	0.710	0.920	0.780	0.725
Dividend Growth	7.81%	-5.63%	-22.83%	17.95%	7.59%	-39.58%
Operating Margin	26.66%	30.86%	0.86%	-	63.36%	-
Profit Margin	11.76%	17.57%	-8.17%	-	57.26%	-
Effective Tax Rate	38.12%	25.86%	-	-	5.46%	-

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q