Discontinued — last reported Q3 '23
Business Segments · Net Income
Consumer Loans — Net Income
New Residential Investment Corp. Consumer Loans — Net Income remained flat by 0.0% to $21.54M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 39.8%, from $15.40M to $21.54M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toNet Income
How to read this metric
Higher net income indicates a more profitable and efficient consumer lending operation.
Detailed definition
Represents the final bottom-line profit of the consumer loan segment after all operating expenses, taxes, and noncontrol...
Peer comparison
Comparable to 'Segment Net Income' reported by diversified financial services companies.
Metric ID:
ritm_segment_consumer_loans_net_incomeHistorical Data
16 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $19.87M | $19.87M | $12.21M | $12.21M | $9.42M | $9.42M | $22.39M | $22.39M | $15.40M | $15.40M | -$3.93M | -$3.93M | $18.71M | $18.71M | $21.54M | $21.54M |
| QoQ Change | — | +0.0% | -38.6% | +0.0% | -22.8% | +0.0% | +137.7% | +0.0% | -31.2% | +0.0% | -125.5% | +0.0% | +576.0% | +0.0% | +15.1% | +0.0% |
| YoY Change | — | — | — | — | — | — | +12.7% | +12.7% | +26.2% | +26.2% | -141.7% | -141.7% | -16.5% | -16.5% | +39.8% | +39.8% |
Range-$3.93M – $22.39M
CAGR+2.2%
Avg YoY Growth-15.9%
Median YoY Growth+12.7%
Current Streak5 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s consumer loans — net income?
- New Residential Investment Corp. (NRZ) reported consumer loans — net income of $21.54M in Q3 2023.
- How has New Residential Investment Corp.'s consumer loans — net income changed year-over-year?
- New Residential Investment Corp.'s consumer loans — net income increased by 39.8% year-over-year, from $15.40M to $21.54M.
- What does consumer loans — net income mean?
- The total net profit generated by the consumer lending segment.