Quarterly ResultAug 5, 2026, 05:28 PM
Redwood Trust Q2 Net Loss $(1.1)M; EPS $(0.03); Assets $28.8B
AI Summary
Redwood Trust reported a significantly reduced net loss of $(1.1) million for the second quarter of 2026, or $(0.03) per basic common share, a substantial improvement compared to the $(98.5) million loss in the same period last year. The company's total assets grew to $28.82 billion, driven by an increase in residential consumer loans. Redwood Trust also announced the establishment of Aspire Mortgage Banking as a new reportable segment in the first quarter of 2026, reflecting its expanded-credit residential mortgage platform.
Key Highlights
- Reported a net loss of $(1.1) million for Q2 2026, a significant improvement from $(98.5) million in Q2 2025.
- Basic loss per common share was $(0.03) for Q2 2026, compared to $(0.76) in Q2 2025.
- Total Assets increased to $28.82 billion at June 30, 2026, up from $23.70 billion at December 31, 2025.
- Net Interest Income for Q2 2026 was $32.07 million, up 131.8% from $13.83 million in Q2 2025.
- Residential consumer loans grew to $23.64 billion at June 30, 2026, from $17.94 billion at December 31, 2025.
- Declared common dividends of $0.18 per share for Q2 2026.
- Established Aspire Mortgage Banking as a new reportable segment in Q1 2026.
Price Impact
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