Discontinued — last reported Q3 '23
Business Segments · Income Tax
Servicing — Income Tax
New Residential Investment Corp. Servicing — Income Tax remained flat by 0.0% to $59.47M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 16.5%, from $51.03M to $59.47M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2023Nov 1, 2023
Rolls up toIncome Tax
How to read this metric
Changes often track with segment profitability, though shifts in effective tax rates can also influence this figure.
Detailed definition
The portion of the company's total income tax provision specifically attributable to the earnings generated by the servi...
Peer comparison
Standard tax allocation metric found in segment reporting for diversified financial firms.
Metric ID:
ritm_segment_servicing_income_tax_expenseHistorical Data
20 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$16.04M | -$16.04M | -$3.13M | -$3.13M | $3.02M | $3.02M | $161.12M | $161.12M | $151.24M | $151.24M | $51.03M | $51.03M | $0.00 | $0.00 | $4.49M | $4.49M | $51.93M | $51.93M | $59.47M | $59.47M |
| QoQ Change | — | +0.0% | +80.5% | +0.0% | +196.8% | +0.0% | >999% | +0.0% | -6.1% | +0.0% | -66.3% | +0.0% | -100.0% | — | — | +0.0% | >999% | +0.0% | +14.5% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | >999% | >999% | >999% | >999% | -100.0% | -100.0% | -97.2% | -97.2% | -65.7% | -65.7% | +16.5% | +16.5% |
Range-$16.04M – $161.12M
CAGR+31.8%
Avg YoY Growth+421.6%
Median YoY Growth-24.6%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — income tax?
- New Residential Investment Corp. (NRZ) reported servicing — income tax of $59.47M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — income tax changed year-over-year?
- New Residential Investment Corp.'s servicing — income tax increased by 16.5% year-over-year, from $51.03M to $59.47M.
- What does servicing — income tax mean?
- The amount of income tax expense allocated to the servicing business segment.