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More on Redwood Trust Q2: Interest income, book value rises from Q1

Published 08/07/2018, 06:01 PM
© Reuters.  More on Redwood Trust Q2: Interest income, book value rises from Q1
  • Redwood Trust (NYSE:RWT) Q2 core earnings of $36M, or 41 cents per share, fell from $58M, 60 cents, in Q1. Q2 core EPS, though, exceeded consensus by 2 cents.
  • Interest income rose to $83M from $77M in Q1 and $59M a year ago; net interest income of $35M is unchanged from Q1 and year-ago quarter.
  • Book value per common share increased to $16.23 from $16.12 at March 31, 2018.
  • Economic return slipped to 2.5% from 3.6% for Q1 and 2.9% a year ago.
  • Source: Press Release
  • Previously: Redwood Trust beats by $0.02, beats on net interest income (Aug. 7)
  • Now read: Sutherland beats by
  • Now read: Sutherland beats by $0.08, misses on revenue
  • .08, misses on revenue


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