NYSE$RWT
Redwood Trust Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the first quarter ended March 31, 2023.
Redwood Trust reported a productive first quarter in 2023, delivering a positive total economic return to shareholders and restoring operating businesses to profitability. The company achieved considerable success in loan distributions, with approximately $1.0 billion in combined securitization and whole loan sale activity.
- GAAP book value per common share was $9.40 at March 31, 2023, a 1.6% decrease from $9.55 per share at December 31, 2022, with an economic return on book value of 0.8%.
- GAAP net income was $0.02 per diluted common share.
- Non-GAAP Earnings Available for Distribution (EAD) was $0.11 per basic common share.
- The recourse leverage ratio was 2.3x at March 31, 2023.
Headline financials
Revenue & EPS history
Redwood Trust · Revenue · Quarterly
$47.5M
Forward guidance
Redwood is well positioned to offer market solutions through its deep industry relationships and track record, strong balance sheet, and elevated liquidity.
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 Q1 2023
+0.5%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.2%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+20.6%
Q4 2025
Best reaction
-9.0%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -0.7% | -3.6% | |
| Q4 2025 | +20.6% | +17.1% | +5.2% | |
| Q3 2025 | -2.6% | -4.4% | +0.4% | |
| Q1 2025 | -6.1% | -5.2% | -12.2% | |
| Q4 2024 | -1.2% | -1.1% | -1.1% | |
| Q3 2024 | -3.8% | -5.0% | -5.9% | |
| Q2 2024 | -3.0% | -4.1% | +4.1% | |
| Q1 2024 | +8.6% | +11.4% | +9.7% | |
| Q4 2023 | -8.2% | -7.9% | -4.9% | |
| Q3 2023 | -7.0% | +2.7% | +5.5% | |
| Q2 2023 | +7.1% | +8.3% | +11.8% | |
| Q1 2023 | -1.7% | -9.7% | -7.8% | |
| Q4 2022 | -5.1% | -4.0% | -17.0% | |
| Q3 2022 | +6.5% | +5.0% | +13.3% | |
| Q2 2022 | +1.5% | -2.9% | -4.6% | |
| Q1 2022 | +10.5% | +14.1% | +16.3% | |
| Q4 2021 | -7.3% | -11.6% | -10.7% | |
| Q3 2021 | +2.6% | +2.7% | -1.0% | |
| Q2 2021 | +3.1% | +0.6% | +5.7% | |
| Q1 2021 | +1.3% | +5.1% | +4.0% | |
| Q4 2020 | +2.0% | +2.0% | +9.6% | |
| Q3 2020 | +3.0% | +5.9% | +11.2% | |
| Q2 2020 | +2.1% | -1.6% | +3.0% | |
| Q1 2020 | +3.4% | -8.1% | +74.4% | |
| Q4 2019 | +1.9% | +4.1% | -62.9% | |
| Q3 2019 | -2.2% | -2.2% | -3.1% | |
| Q2 2019 | -1.0% | -1.5% | -1.9% | |
| Q1 2019 | -0.5% | -1.3% | -2.2% | |
| Q4 2018 | -1.1% | -2.1% | -2.0% | |
| Q3 2018 | +1.9% | +0.8% | +0.5% | |
| Q2 2018 | -2.2% | -1.6% | +4.8% | |
| Q1 2018 | +3.9% | +3.2% | +4.3% | |
| Q4 2017 | +2.7% | +0.4% | +0.5% | |
| Q3 2017 | -3.7% | -4.8% | -4.5% | |
| Q2 2017 | -1.8% | -1.3% | -3.6% | |
| Q1 2017 | +1.6% | -0.9% | +2.4% | |
| Q4 2016 | -3.2% | -3.5% | -4.0% | |
| Q3 2016 | +1.1% | +6.2% | +12.3% | |
| Q2 2016 | +4.7% | +1.5% | +0.5% | |
| Q1 2016 | +3.1% | — | — | |
| Q4 2015 | +10.8% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | -5.0% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | -1.9% | — | — | |
| Q3 2014 | +3.3% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -8.2% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | +10.3% | — | — | |
| Q1 2013 | -2.7% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | +3.3% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q2 2011 | -9.0% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2009 | -1.6% | — | — | |
| Q4 2010 | -1.6% | — | — | |
| Q4 2008 | -1.6% | — | — | |
| Q3 2009 | +2.3% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q2 2010 | +2.4% | — | — | |
| Q2 2009 | +2.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro