Published on 24 Apr 2024 on GuruFocus.com via Yahoo Finance
Net Income: $181 million, surpassing the estimated $135.70 million.Earnings Per Share (EPS): Diluted EPS at $2.73, exceeding the estimated $2.09.Revenue: Reported at $564 million, significantly above the estimated $497.06 million.Servicing Segment Income: Pretax income reported at $313 million, with operational revenue at $577 million.Originations Segment Performance: Funded approximately $2.9 billion in loans, with a pretax income of $32 million.Return on Tangible Common Equity (ROTCE): Increased to 14.5%, indicating strong profitability and efficient use of equity.Quarterly Loan Activities: Funded volume increased by 8% quarter-over-quarter, with a refinance recapture percentage of 70%.
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