NYSE$UWMC
UWM Holdings Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
UWM Holdings Corporation reported a net income of $860 million and loan volume of $49.1 billion for Q1 2021.
UWM Holdings Corporation announced strong first-quarter results, with a net income of $860 million, a 42x increase over Q1 2020, and a loan volume of $49.1 billion, a 16% increase from Q1 2020. The company's Board of Directors declared a quarterly dividend of $0.10 per share and authorized a share repurchase program of up to $300 million.
- Net income reached $860 million, a 42x increase compared to Q1 2020.
- Loan volume totaled $49.1 billion, up 16% from Q1 2020.
- Total gain margin was 219 bps, compared to 95 bps in Q1 2020.
- The Board of Directors authorized a share repurchase program of up to $300 million.
Headline financials
Revenue & EPS history
UWM · Revenue · Quarterly
$1.19B
Revenue by segment
UWM · $1.19B total across 4 segments · Q1 2021
- Loan Production Income$1.07B—90.7%
- Loan Servicing Income$124M—10.4%
- Interest Income$45.9M—3.9%
- MSR Fair Value Change-$59.3M—-5.0%
Forward guidance
UWM anticipates second quarter production to be in the $51-$55 billion range, with expected gain margin between 75 and 110 bps.
Tailwinds
- UWMC expects to do more business in 2Q21 than 1Q21.
- UWMC believes that it will be one of the only mortgage companies in America that grows in a rising rate environment.
- Second quarter production is anticipated to be in the $51-$55 billion range.
- Expected gain margin between 75 and 110 bps.
- Purchase focus and broker network will drive growth.
Headwinds
- Guidance assumes successful navigation of macroeconomic conditions.
- Guidance is subject to U.S. residential real estate market conditions.
- Guidance is subject to changes in U.S. monetary policies that affect interest rates.
- Guidance is subject to UWM's ability to sell loans in the secondary market.
- Guidance is subject to changes in GSE, FHA, USDA and VA guidelines.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-1.7%
Avg return
Earnings day
-1.2%
Avg return
5 days after
+0.5%
Avg return
30 days after
29%
6 / 21 earnings
Positive
+28.2%
Q3 2022
Best reaction
-16.8%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -11.2% | -28.4% | |
| Q4 2025 | -9.0% | -5.0% | -25.0% | |
| Q3 2025 | -10.1% | -3.4% | +1.2% | |
| Q1 2025 | -14.7% | -11.3% | -13.8% | |
| Q4 2024 | -5.8% | -0.2% | -14.6% | |
| Q3 2024 | -6.0% | -9.2% | -2.4% | |
| Q2 2024 | -6.5% | -3.8% | +2.3% | |
| Q1 2024 | -0.7% | +2.8% | +2.8% | |
| Q4 2023 | -4.9% | -4.6% | +8.2% | |
| Q3 2023 | +4.3% | +6.9% | +15.6% | |
| Q2 2023 | -1.6% | -4.0% | -16.3% | |
| Q1 2023 | -16.8% | -11.3% | -7.4% | |
| Q4 2022 | +12.7% | +11.7% | +15.3% | |
| Q3 2022 | +28.2% | +22.3% | +44.7% | |
| Q2 2022 | -0.5% | +1.0% | -9.2% | |
| Q1 2022 | +0.3% | +8.9% | +18.1% | |
| Q4 2021 | +7.4% | -4.1% | +4.4% | |
| Q3 2021 | -1.5% | -2.2% | -3.8% | |
| Q2 2021 | -7.0% | -7.6% | -8.5% | |
| Q1 2021 | -2.4% | +7.9% | +43.1% | |
| Q4 2020 | +0.6% | -7.9% | -16.0% | |
| Q4 2019 | — | — | — |
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