Mr. Cooper Group (COOP) Reports Q4 EPS of $4.95

Go back to Mr. Cooper Group (COOP) Reports Q4 EPS of $4.95

Mr. Cooper Group Reports Fourth Quarter 2019 Financial Results

February 25, 2020 7:00 AM EST

Reported $461 million net income or $4.95 per diluted share, including $285 million recovery of valuation allowance and positive $102 million mark-to-market Strong pretax operating income of $125 million, equivalent to a 21.1% after-tax ROTCE Generated Originations pretax income of $138 million on record funded volume of $12.6 billion Servicing UPB portfolio remained stable, ending the quarter at $643 billion Xome reported pretax income of $9 million and pretax operating income of $14 million Tangible book value per diluted share increased from $16.88 to $22.00 Subsequent to quarter end, called $100 million of senior notes, issued $600 million in senior notes maturing 2027 with coupon of 6.0%,... More