Guild Holdings Company (GHLD) Reports Q4 EPS of $1.49, Revenues Miss

Guild Holdings Company (NYSE: GHLD) reported Q4 EPS of $1.49. Revenue for the quarter came in at $454.2 million versus the consensus estimate of $620.07 million.

Fourth Quarter 2020 Highlights Year-Over-Year

• Closed record origination volume of $10.6 billion, a 75% increase
• Purchase originations represented $4.7 billion or 44% of overall loan volume
• Net revenue increased 77% to $454.2 million compared to $256.0 million
• Grew net income by 76% to $77.7 million from $44.1 million
• Adjusted net income more than tripled to $89.5 million from $27.9 million
• Adjusted EBITDA increased to $121.2 million from $44.5 million

“Guild ended the year on a strong note generating $10.6 billion of originations in the fourth quarter bringing full-year volumes to a record $35.2 billion, up over 60% from 2019. Moreover, gain on sale margins for the year expanded by 122 basis points, though we expect spreads to continue to normalize as capacity returns across the industry,” stated Mary Ann McGarry, Chief Executive Officer. “Looking ahead, Guild remains well positioned to continue to deliver profitable and sustainable growth across market cycles and drive shareholder value over time reflecting the talent and ongoing dedication of our team and our differentiated purchase-focused platform.”

For earnings history and earnings-related data on Guild Holdings Company (GHLD) click here.

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