Redwood Trust (RWT) Tops Q3 EPS by 2c

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Go back to Redwood Trust (RWT) Tops Q3 EPS by 2c

Redwood Trust Reports Third Quarter 2018 Results

November 7, 2018 4:15 PM EST

MILL VALLEY, Calif., Nov. 7, 2018 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) (the "Company" or "Redwood") today reported its financial results for the third quarter of 2018.

Quarterly Financial Highlights

GAAP net income was $41 million, or $0.42 per diluted common share Non-GAAP core earnings(1) were $37 million, or $0.39 per diluted common share Book value per common share increased to $16.42 from $16.23 at June 30, 2018 and $15.67 at September 30, 2017 Economic return on book value(2) of 3.0% for the third quarter and 9.3% for the nine months ended September 30, 2018 Recourse debt-to-equity leverage... More