Discontinued — last reported Q3 '23
Business Segments · Income tax expense (benefit)
Servicing — Income tax expense (benefit)
New Residential Investment Corp. Servicing — Income tax expense (benefit) 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 reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toIncome Tax
How to read this metric
An increase in expense reduces net profitability, while a tax benefit can improve the segment's bottom line.
Detailed definition
Reflects the income tax provision or benefit specifically allocated to the servicing segment's operations. This accounts...
Peer comparison
Standard tax allocation across business segments in consolidated financial reporting.
Metric ID:
ritm_segment_servicing_income_tax_expense_benefitHistorical 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 | -$16.04M | -$16.04M | -$2.08M | -$2.08M | $161.12M | $161.12M | $151.24M | $151.24M | $51.03M | $51.03M | $4.49M | $4.49M | $51.93M | $51.93M | $59.47M | $59.47M |
| QoQ Change | — | +0.0% | +87.0% | +0.0% | >999% | +0.0% | -6.1% | +0.0% | -66.3% | +0.0% | -91.2% | +0.0% | >999% | +0.0% | +14.5% | +0.0% |
| YoY Change | — | — | — | — | — | — | >999% | >999% | >999% | >999% | -97.2% | -97.2% | -65.7% | -65.7% | +16.5% | +16.5% |
Range-$16.04M – $161.12M
CAGR+41.8%
Avg YoY Growth+689.8%
Median YoY Growth+16.5%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — income tax expense (benefit)?
- New Residential Investment Corp. (NRZ) reported servicing — income tax expense (benefit) of $59.47M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — income tax expense (benefit) changed year-over-year?
- New Residential Investment Corp.'s servicing — income tax expense (benefit) increased by 16.5% year-over-year, from $51.03M to $59.47M.
- What does servicing — income tax expense (benefit) mean?
- The tax cost or benefit attributed to the servicing segment.