Redwood’s net income slips on lower mortgage banking earnings

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Redwood Trust, Inc. had lower mortgage banking gains, although core earnings was negatively impacted by timing differences on jumbo pipeline hedges. Book value decreased to $15.03 from $15.14 on the dividend in excess of earnings, as well as a higher share count. Redwood had lower mortgage banking income, along with slightly higher expenses.

EARNINGS: Net income fell to $5.36 billion from $5.42 billion a year earlier, the San Francisco-based bank said Tuesday. That’s after taking out dividends for preferred stock. On a per-share basis.

Core earnings reflected growth in portfolio net interest income from continued capital deployment and solid mortgage banking results, which were partially offset by lower core gains relative to.

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Net income attributable to common shareholders was $22.0 million for the quarter, diluted earnings per common. Furthermore, shares of Redwood Trust, which together with its subsidiaries, engages in.

Table 2 – Changes in Book Value per Share Year Ended (In Dollars, per share basis) December 31, 2016 Beginning book value per share $ 14.67 Net income 1.54 Changes in unrealized gains on.

Bank of Hawaii (BOH) in Honolulu reported a slide in quarterly earnings. 2% lower. Noninterest income rose 3%, to $48 million, on higher revenue from service charges on deposit accounts and asset.

With a lower debt/equity ratio compared to their peers and a diversified business strategy, they are well positioned for the future. Even though their NII has decreased, earnings have improved because.

Core earnings reflected growth in portfolio, net interest income from continued capital deployment and solid mortgage banking results which were partially offset by lower core gains relative to the prior quarter. For the full year GAAP earnings were $1.34 per share and core earnings were $1.78 per share.

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Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates in three segments: residential mortgage banking. company’s.

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