Top-News
Donnerstag,
22.02.2018 22:20
von
PR Newswire
| Aufrufe: 50
Redwood Trust Reports Fourth Quarter 2017 Results
Wirtschaftsnachrichten (Symbolbild)
©unsplash.com
PR Newswire
MILL VALLEY, Calif., Feb. 22, 2018
MILL VALLEY, Calif., Feb. 22, 2018 /PRNewswire/ -- Redwood Trust, Inc. (NYSE:RWT) today reported net income for the fourth quarter of 2017 of $31 million, or $0.35 per fully diluted share. This compares with net income of $36 million, or $0.41 per fully diluted share, for the third quarter of 2017 and net income of $25 million, or $0.31 per fully diluted share, for the fourth quarter of 2016. Redwood also reported non-GAAP core earnings for the fourth quarter of 2017 of $30 million, or $0.35 per fully diluted share. This compares with non-GAAP core earnings of $30 million, or $0.35 per fully diluted share, for the third quarter of 2017.
A reconciliation of GAAP net income to non-GAAP core earnings, along with additional information about Redwood's core earnings measure, is included in the tables that follow. A further discussion of Redwood's business, financial results, core earnings and taxable income, as well as a discussion of management's 2018 outlook, is included in the fourth quarter Redwood Review, which is available on the company's website at www.redwoodtrust.com.
Redwood also reported estimated REIT taxable income of $32 million, or $0.42 per share, for the fourth quarter of 2017. This compares to estimated REIT taxable income of $20 million, or $0.26 per share, for the third quarter of 2017 and estimated REIT taxable income of $26 million, or $0.34 per share, for the fourth quarter of 2016.
At December 31, 2017, Redwood reported GAAP book value per share of $15.83, as compared with $15.67 at September 30, 2017, and $14.96 at December 31, 2016.
Redwood will host an earnings call today, February 22, 2018, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its fourth quarter 2017 financial results. The number to dial in order to listen to the conference call is 1-800-281-7829 in the U.S. and Canada. International callers must dial 1-323-794-2094. Callers should reference call ID #6272986. A replay of the call will be available through midnight on March 8, 2018, and can be accessed by dialing 1-844-512-2921 in the U.S. and Canada or 1-412-317-6671 internationally and entering access code #6272986.
The live conference call will also be webcast in listen-only mode in the Newsroom section of Redwood's website under "Events & Presentations." To listen to the webcast, please go to Redwood's website at least 15 minutes before the call to register and to download and install any needed audio software. An audio replay of the call will also be available on Redwood's website following the call.
Redwood plans to file its Annual Report on Form 10-K with the Securities and Exchange Commission by Thursday, March 1, 2018, and also make it available on Redwood's website.
Cautionary Statement: This press release and the related conference call contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to estimates of 2017 REIT taxable income and the expected timing for the filing of Redwood's Annual Report on Form 10-K. Forward-looking statements involve numerous risks and uncertainties. Redwood's actual results may differ from Redwood's beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "expect," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in our Annual Report on Form 10-K under the caption "Risk Factors." Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
| REDWOOD TRUST, INC. | | | | | | | | | | | ||||||||||
| | | | | | | | | | | | ||||||||||
| Consolidated Income Statements (1) | | Fourth | | Third | | Second | | First | | Fourth | ||||||||||
| ($ in millions, except share and per share data) | | Quarter | | Quarter | | Quarter | | Quarter | | Quarter | ||||||||||
| | | 2017 | | 2017 | | 2017 | | 2017 | | 2016 | ||||||||||
| | | | | | | | | | | | ||||||||||
| Interest income | | $ | 71 | | | $ | 63 | | | $ | 59 | | | $ | 55 | | | $ | 56 | |
| Interest expense | | (36) | | | (27) | | | (24) | | | (21) | | | (21) | | |||||
| Net interest income | | 35 | | | 35 | | | 35 | | | 34 | | | 36 | | |||||
| Non-interest income | | | | | | | | | | | ||||||||||
| Mortgage banking activities, net | | 3 | | | 21 | | | 12 | | | 18 | | | 14 | | |||||
| MSR income, net | | 2 | | | 2 | | | 3 | | | 2 | | | 2 | | |||||
| Investment fair value changes, net | | — | | | — | | | 8 | | | 2 | | | (10) | | |||||
| Other income | | 1 | | | 1 | | | 1 | | | 1 | | | 2 | | |||||
| Realized gains, net | | 5 | | | 2 | | | 1 | | | 6 | | | 2 | | |||||
| Total non-interest income, net | | 11 | | | 26 | | | 25 | | | 28 | | | 10 | | |||||
| Operating expenses | | (20) | | | (20) | | | (19) | | | (18) | | | (18) | | |||||
| Benefit from (provision for) income taxes | | 5 | | | (5) | | | (5) | | | (6) | | | (2) Werbung Mehr Nachrichten zur Redwood Trust Inc Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | ||||||
