NYSE$ONIT
Onity Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a profitable quarter driven by a balanced business model and strong performance in servicing, with positive earnings in originations despite industry headwinds.
Ocwen Financial Corporation announced its third quarter 2023 results, reporting a GAAP net income of $8 million and an adjusted pre-tax income of $10 million. The company highlighted the strength of its diversified servicing platform and positive earnings in originations, along with the extension of their MSR Asset Vehicle investment period with Oaktree and renewal of their subservicing relationship with Rithm.
- Reported GAAP net income of $8 million for the third quarter.
- Achieved an adjusted pre-tax income of $10 million.
- Added $15 billion from subservicing additions and MSR capital partner sales in Q3 2023, an increase of nearly $5 billion from Q2 2023.
- Portfolio with MSR capital partners at $89 billion, up 12% compared to Q2 2023.
Headline financials
Revenue & EPS history
Onity · Revenue · Quarterly
$256M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-1.4%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.8%
Avg return
30 days after
53%
34 / 64 earnings
Positive
+67.5%
Q1 2020
Best reaction
-65.7%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.2% | -17.5% | -21.8% | |
| Q4 2025 | +6.1% | +11.3% | -8.3% | |
| Q3 2025 | +1.8% | +0.0% | +13.7% | |
| Q1 2025 | +5.6% | +5.4% | +4.3% | |
| Q4 2024 | -7.9% | -14.9% | -22.9% | |
| Q3 2024 | +3.5% | +3.6% | +9.7% | |
| Q2 2024 | -8.8% | -15.7% | -0.9% | |
| Q1 2024 | +6.4% | +12.3% | +1.4% | |
| Q4 2023 | -8.1% | -7.8% | -4.6% | |
| Q3 2023 | -2.2% | +0.3% | +12.3% | |
| Q2 2023 | -2.4% | -5.8% | -12.6% | |
| Q1 2023 | +1.8% | -0.7% | +3.6% | |
| Q4 2022 | -14.9% | -13.1% | -28.4% | |
| Q3 2022 | +24.3% | +20.8% | +16.5% | |
| Q2 2022 | -20.0% | -21.3% | -25.8% | |
| Q1 2022 | +7.6% | +3.4% | +32.7% | |
| Q4 2021 | -18.6% | -20.2% | -29.1% | |
| Q3 2021 | +9.1% | +1.9% | +10.1% | |
| Q2 2021 | -0.2% | +5.3% | +4.1% | |
| Q1 2021 | +9.8% | +26.8% | +24.1% | |
| Q4 2020 | +3.9% | -1.8% | -3.4% | |
| Q3 2020 | +2.5% | -0.3% | +0.4% | |
| Q2 2020 | +11.6% | +24.0% | -9.8% | |
| Q1 2020 | +67.5% | +40.0% | +97.5% | |
| Q4 2019 | +5.4% | +0.8% | -55.8% | |
| Q3 2019 | +0.0% | -1.1% | -17.1% | |
| Q2 2019 | -12.1% | -7.3% | +6.7% | |
| Q1 2019 | +6.9% | +8.1% | -7.5% | |
| Q4 2018 | +12.0% | +13.6% | -4.7% | |
| Q3 2018 | -19.2% | -25.7% | -52.0% | |
| Q2 2018 | -9.4% | -8.3% | -0.7% | |
| Q1 2018 | +10.2% | +14.8% | +8.5% | |
| Q4 2017 | +5.6% | +12.8% | +22.3% | |
| Q3 2017 | +0.9% | -6.4% | -5.0% | |
| Q2 2017 | +0.7% | -0.7% | +2.8% | |
| Q1 2017 | -15.4% | -17.1% | -10.0% | |
| Q4 2016 | -20.2% | -20.4% | -13.2% | |
| Q3 2016 | +10.2% | +14.2% | +37.7% | |
| Q2 2016 | +4.0% | +17.8% | +94.8% | |
| Q1 2016 | -20.7% | — | — | |
| Q4 2015 | -65.7% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -27.0% | — | — | |
| Q1 2015 | +18.2% | — | — | |
| Q4 2014 | -9.2% | — | — | |
| Q3 2014 | +13.2% | — | — | |
| Q2 2014 | -20.1% | — | — | |
| Q1 2014 | -8.8% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | -9.6% | — | — | |
| Q2 2013 | +7.1% | — | — | |
| Q1 2013 | +2.0% | — | — | |
| Q4 2011 | +3.3% | — | — | |
| Q4 2012 | +6.0% | — | — | |
| Q3 2012 | -7.4% | — | — | |
| Q2 2012 | +2.7% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q3 2010 | -10.7% | — | — | |
| Q3 2011 | -10.7% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q1 2011 | -1.9% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q1 2010 | -1.9% | — | — |
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