Redwood Trust (NYSE: RWT) reported Q4 EPS of $0.34, $0.04 worse than the analyst estimate of $0.38.

• GAAP net income was $44 million, or $0.34 per diluted common share
• GAAP book value per common share was $12.06 at December 31, 2021, up 0.5% from September 30, 2021 and up 21.7% from December 31, 2020
• Economic return on book value(1) of 2.4% for the fourth quarter and 29.6% for full-year 2021
• Recourse leverage ratio(2) of 2.4x at December 31, 2021
• Declared and paid a regular quarterly dividend of $0.23 per common share for the fourth quarter, a 9.5% increase from the third quarter of 2021 and fourth consecutive quarterly dividend increase

For earnings history and earnings-related data on Redwood Trust (RWT) click here.