NYSE$UWMC
UWM Holdings Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
UWM Holdings Corporation's Q4 2021 financial results were announced, marked by a net income of $239.8 million and a record fourth quarter total loan volume of $55.2 billion.
UWM Holdings Corporation reported a net income of $239.8 million for Q4 2021. The company achieved a record fourth quarter total loan volume of $55.2 billion, including $24.5 billion in purchase volume. The net income includes a $139.0 million decline in fair value of mortgage servicing rights (MSRs).
- Originated $55.2 billion in loans, slightly above $54.7 billion in 4Q20.
- Purchase originations increased by 103% to $24.5 billion compared to $12.1 billion in 4Q20.
- Net income was $239.8 million, inclusive of a $139.0 million decline in fair value of MSRs.
- The company achieved approximately 33% market share of the wholesale channel for the quarter ended December 31, 2021.
Headline financials
Revenue & EPS history
UWM · Revenue · Quarterly
$605M
Revenue by segment
UWM · $603M total across 4 segments · Q4 2021
- Loan Production Income$442M—73.4%
- Loan Servicing Income$195M—32.3%
- Interest Income$105M—17.3%
- MSR Fair Value Change-$139M—-23.0%
Forward guidance
We anticipate first quarter production to be in the $33-$42 billion range, with expected gain margin between 75 and 85 bps.
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 Q4 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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