NYSE$UWMC
UWM Holdings Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
UWM's financial performance strengthened with increased volume and margin, delivering positive results from its strategy and investments.
UWM Holdings Corporation reported a net income of $180.5 million for Q1 2024. Total loan origination volume was $27.6 billion, with purchase volume accounting for $22.1 billion. The company's performance reflects a strengthening in both volume and margin compared to the previous quarter and an increase in loan originations compared to Q1 2023.
- Originated $27.6 billion in 1Q24, compared to $24.4 billion in 4Q23 and $22.3 billion in 1Q23.
- Purchase originations reached $22.1 billion in 1Q24, a UWM record for first quarter purchase volume.
- Total gain margin was 108 bps in 1Q24 compared to 92 bps in 4Q23 and 92 bps in 1Q23.
- Reported net income of $180.5 million in 1Q24 compared to net loss of $461.0 million in 4Q23 and net loss of $138.6 million in 1Q23.
Headline financials
Revenue & EPS history
UWM · Revenue · Quarterly
$570M
Revenue by segment
UWM · $677M total across 4 segments · Q3 2023
- Loan Production Income$289M+67.6%42.7%
- Loan Servicing Income$200M+1.9%29.6%
- Interest Income$94.8M+21.3%14.0%
- MSR Fair Value Change$92.9M-60.8%13.7%
Forward guidance
UWM anticipates second quarter production to be in the $28 to $35 billion range, with gain margin from 85 to 110 basis points.
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 2024
-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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