Redwood trust, inc. (RWT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Interest Income
Residential loans

319,439

315,953

301,116

287,311

265,537

239,818

213,834

189,110

170,231

154,362

145,193

142,247

140,766

137,804

136,575

130,452

121,106

114,715

103,699

93,507

81,300

68,949

59,059

56,806

62,050

67,016

70,624

74,016

76,414

82,169

88,592

88,365

86,026

81,116

75,222

72,544

69,386

65,405

67,322

80,422

0

0

0

Commercial loans

-

-

-

-

-

-

-

-

-

-

-

-

-

30,496

40,983

45,721

45,479

46,933

48,147

49,559

48,097

47,567

47,090

45,227

43,633

43,420

38,931

35,673

31,584

26,759

21,819

16,690

12,956

8,835

6,347

4,317

2,786

1,864

0

0

0

-

-

Business purpose residential loans

103,670

53,805

15,119

11,118

7,122

4,333

1,445

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multifamily loans

151,384

132,600

109,878

78,627

42,710

21,322

5,578

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate securities

85,681

91,822

98,538

102,554

103,833

105,078

104,789

101,151

96,681

90,803

83,829

79,004

75,595

76,873

80,197

84,346

90,768

97,448

103,783

112,495

120,826

125,482

128,145

126,333

122,277

115,563

112,335

114,491

118,109

122,386

124,007

123,047

122,549

127,179

134,809

145,047

153,271

162,546

176,148

178,540

0

0

0

Other interest income

29,147

28,101

24,774

19,095

13,937

8,166

4,814

3,539

3,136

2,892

2,239

1,726

1,258

1,182

1,095

909

661

336

174

107

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

93

0

0

0

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

63

52

55

49

74

161

237

239

278

302

0

0

0

Interest and Dividend Income, Operating

689,321

622,281

549,425

498,705

433,139

378,717

330,460

293,800

270,048

248,057

232,923

231,092

238,655

246,355

258,850

261,428

258,014

259,432

255,853

255,720

250,340

242,070

234,313

228,382

228,108

226,156

222,061

224,364

226,168

231,384

234,481

228,154

221,586

217,179

216,437

222,056

225,671

230,054

244,683

259,929

0

0

0

Interest Expense
Short-term debt

97,355

96,506

88,893

78,800

67,700

58,917

53,622

49,658

45,833

36,851

28,833

24,056

20,043

22,287

26,633

28,855

30,045

30,572

29,958

30,772

29,387

25,990

21,125

17,911

17,455

17,436

16,248

13,758

11,371

9,390

7,627

4,968

2,676

1,031

269

227

0

-

0

0

-

-

0

Asset-backed securities issued

339,669

294,466

240,731

197,087

143,323

99,429

63,088

39,623

26,979

19,108

14,469

13,706

13,983

14,735

15,889

17,886

19,549

21,469

23,802

26,450

28,988

31,227

33,257

35,131

37,198

39,716

58,827

72,286

86,239

101,732

99,730

98,414

95,462

88,433

81,720

80,939

78,676

76,319

80,658

97,083

0

0

0

Long-term debt

90,179

88,836

87,437

88,921

85,778

80,693

73,476

63,997

56,487

52,857

49,943

49,637

51,583

51,506

50,508

48,567

46,278

43,842

40,986

36,999

33,989

30,246

28,641

28,464

27,118

23,819

19,318

14,801

10,700

9,583

9,520

9,527

9,523

9,514

9,515

9,750

9,515

8,264

7,182

6,065

0

0

0

Interest Expense

527,203

479,808

417,061

364,808

296,801

239,039

190,186

153,278

129,299

108,816

93,245

87,399

85,609

88,528

93,030

95,308

95,872

95,883

94,746

94,221

92,364

87,463

83,023

81,506

81,771

80,971

94,393

100,845

108,310

120,705

116,877

112,909

107,661

98,978

91,545

90,923

88,454

84,664

87,878

103,184

0

0

0

Net Interest Income

162,118

142,473

132,364

133,897

136,338

139,678

140,274

140,522

140,749

139,241

139,678

143,693

153,046

157,827

165,820

166,120

162,142

163,549

161,107

161,499

157,976

154,607

151,290

146,876

146,337

145,185

127,668

123,519

117,858

110,679

117,604

115,245

113,925

118,201

124,892

131,133

137,217

145,390

156,805

156,745

0

0

0

Provision for Loan, Lease, and Other Losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,102

-7,342

-6,543

-272

-355

1,473

-63

-117

961

3,616

6,939

3,982

4,737

1,813

0

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

Net Interest Income after Provision

-

-

-

-

-

-

-

-

-

-

-

-

-

164,929

173,162

172,663

162,414

163,904

159,634

161,562

158,093

153,646

147,212

139,937

142,355

140,448

123,998

120,752

113,073

107,031

140,144

120,721

105,419

102,050

78,669

98,327

105,693

101,701

99,582

59,851

0

0

0

Non-interest (Loss) Income
Market valuation adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-30,993

-58,555

0

0

0

Mortgage banking activities, net

46,546

87,266

52,154

53,863

45,299

59,566

51,454

61,430

62,880

53,908

64,829

53,395

49,077

38,691

24,981

16,548

16,267

10,972

0

0

0

-

-

-

0

-

111,374

129,621

77,291

36,593

0

0

0

-

-

-

-

-

-

-

-

-

-

Mortgage banking and investment activities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights income, net

-

-

-

-

-

-

-

-

-

-

-

-

9,785

-

15,457

15,236

13,283

-3,922

-15,456

-13,184

-15,791

-4,261

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment fair value changes, net

-855,491

35,500

-3,778

-4,890

-7,139

-25,689

13,214

3,206

10,432

10,374

102

11,696

-7,485

-28,574

-22,941

-49,028

-39,750

-21,357

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

17,069

19,257

13,034

14,662

15,577

13,070

13,569

12,928

13,370

12,436

24,294

23,125

20,920

20,691

4,914

3,598

3,338

3,192

2,616

3,889

2,590

1,781

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reversal of provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

26,230

38,339

0

0

0

Other market valuation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

-

-23,638

-10,266

-3,494

-9,667

-13,053

-9,958

0

0

0

Other-than-temporary impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

10,208

11,705

14,455

9,887

-4,348

-40,165

0

0

0

Other market valuation adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-4,803

-4,308

1,864

1,539

-9,439

-23,844

-34,905

-40,017

0

0

0

-

-

-

-

-

-

Realized gains, net

16,987

23,821

23,916

26,477

28,364

27,041

25,898

20,357

17,015

13,355

10,781

15,662

24,174

28,009

46,236

45,169

41,601

36,369

20,961

23,945

18,692

15,478

12,654

14,591

14,084

25,259

43,658

47,129

53,568

54,921

34,658

21,863

20,702

10,946

12,355

12,776

23,022

63,496

79,545

103,504

0

0

0

Total non-interest (loss) income, net

-774,889

165,844

85,326

90,112

82,101

73,988

102,422

96,208

101,984

90,073

88,885

96,527

82,118

58,817

68,647

31,523

34,739

25,254

16,528

50,059

37,430

37,790

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses

-

-

95,482

90,157

-

-

83,896

82,328

81,960

-

74,613

75,046

76,560

88,786

93,600

97,742

102,805

97,416

101,242

98,151

95,215

90,123

84,292

84,739

86,887

86,607

84,706

79,955

70,690

65,633

59,534

53,939

50,861

47,741

48,045

48,783

47,923

53,715

25,972

24,496

0

0

0

Other expenses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Loss) Income before Benefit from (Provision for) Income Taxes

-844,351

176,623

120,974

132,618

134,294

130,688

158,800

154,402

160,773

152,158

153,950

166,033

165,995

134,960

148,209

106,444

94,348

91,742

74,920

113,470

100,308

101,313

104,118

70,802

123,165

184,194

199,479

222,702

174,108

133,060

88,249

49,323

39,545

25,238

42,979

62,320

80,792

111,482

123,543

109,247

0

0

0

Income Tax Expense (Benefit)

-15,672

7,440

1,743

6,776

6,971

11,088

7,458

7,801

10,595

11,752

19,122

14,832

9,837

3,708

1,253

-7,123

-5,002

-10,346

-13,231

-614

-2,729

744

5,537

-4,611

-1,804

10,948

9,289

14,740

12,192

1,291

1,116

614

36

42

68

256

268

280

7

-709

0

0

0

Net (Loss) Income

-828,679

169,183

119,127

125,738

127,219

119,600

151,446

146,705

150,282

140,406

134,828

151,201

156,158

131,252

146,956

113,567

99,350

102,088

88,151

114,084

103,037

100,569

95,376

0

0

-

0

-

-

131,769

87,133

48,729

38,641

26,343

43,611

62,212

81,374

110,052

122,470

109,295

0

0

0

Less: Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,147

-700

-148

-850

1,150

1,066

661

0

0

0

Net Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

25,196

42,911

62,064

80,524

111,202

123,536

109,956

0

0

0

Basic (loss) earnings per common share (in dollars per share)

-8.28

0.42

0.33

0.31

0.57

-0.04

0.49

0.42

0.60

0.39

0.46

0.46

0.47

0.32

0.67

0.52

0.15

0.50

0.22

0.31

0.17

0.32

0.53

0.19

0.14

0.29

0.26

0.78

0.72

0.51

0.48

0.24

0.38

-0.05

0.01

0.12

0.23

0.17

0.25

0.36

0.59

0.34

0.10

Diluted (loss) earnings per common share (in dollars per share)

-8.28

0.36

0.31

0.30

0.49

0.04

0.42

0.38

0.50

0.33

0.41

0.43

0.43

0.33

0.58

0.48

0.15

0.49

0.22

0.31

0.16

0.33

0.50

0.18

0.14

0.29

0.25

0.71

0.69

0.50

0.48

0.24

0.37

-0.03

0.01

0.11

0.22

0.18

0.25

0.35

0.58

0.34

0.10

Regular dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

0.28

-

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

Special dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

Total dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.25

0.25

Basic weighted average shares outstanding (in shares)

114,076

112,941

101,872

96,983

92,685

83,325

80,796

75,380

75,396

76,763

76,850

76,819

76,738

76,505

76,680

76,664

77,137

80,695

83,787

83,936

83,360

83,181

83,017

82,740

82,410

82,061

82,201

82,123

81,556

81,222

79,685

78,815

78,397

78,095

78,470

78,324

78,027

77,986

77,901

77,800

77,677

77,610

65,697

Diluted weighted average shares outstanding (in shares)

114,076

153,624

136,522

130,696

126,278

116,801

114,682

100,431

108,194

109,756

102,703

97,494

97,946

118,905

97,831

97,761

77,137

72,426

85,074

94,949

85,622

73,464

96,956

85,032

84,940

106,841

84,422

96,171

87,344

83,223

80,764

78,815

79,892

75,878

78,470

79,477

79,371

78,888

78,961

78,852

78,542

78,059

66,362