NYSE$UWMC
UWM Holdings Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
UWM's financial performance improved with a significant increase in net income, driven by record purchase loan production.
UWM Holdings Corporation reported a strong second quarter in 2023, marked by record purchase loan production and a return to profitability. The company's net income reached $228.8 million, a substantial improvement compared to the previous quarter's net loss. This performance was supported by a total loan origination volume of $31.8 billion, with purchase volume hitting a record $28.0 billion.
- Total loan origination volume reached $31.8 billion.
- Purchase originations hit a record of $28.0 billion.
- Net income was reported at $228.8 million, including a $24.6 million increase in fair value of MSRs.
- Total equity stood at $2.9 billion as of June 30, 2023.
Headline financials
Revenue & EPS history
UWM · Revenue · Quarterly
$588M
Revenue by segment
UWM · $588M total across 4 segments · Q2 2023
- Loan Production Income$281M-5.3%47.8%
- Loan Servicing Income$193M+7.6%32.9%
- Interest Income$88.9M+43.3%15.1%
- MSR Fair Value Change$24.6M-5.8%4.2%
Forward guidance
The company anticipates third quarter production to be in the $26 to $33 billion range, with gain margin from 75 to 100 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 Q2 2023
-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 | — | — | — |
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