Mr. Cooper Group (COOP) Reports Q3 EPS of $2.18

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Go back to Mr. Cooper Group (COOP) Reports Q3 EPS of $2.18

Mr. Cooper Group Reports Third Quarter 2020 Financial Results

October 29, 2020 7:00 AM EDT

Reported $214 million net income or $2.18 per diluted share Generated strong pretax operating income of $348 million, equivalent to a ROTCE of 50.9%, offset by a mark-to-market loss of $29 million Tangible book value per share increased to $23.95 from $21.42 in the prior quarter Originations segment generated record pretax income of $438 million on record funded volume of $15.6 billion Xome reported pretax income of $15 million and pretax operating income of $18 million As of October 25th, 2020, 6.1% of customers on forbearance, down from peak of 7.2% Repurchased 1.2 million shares of common stock for $23.3 million Redeemed... More