Discontinued — last reported Q3 '23
Business Segments · Net Income
Servicing — Net Income
New Residential Investment Corp. Servicing — Net Income remained flat by 0.0% to $365.50M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 69.3%, from $215.93M to $365.50M. 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 strong overall performance and contribution to the parent company's bottom line.
Detailed definition
The final bottom-line profit or loss for the servicing segment after accounting for all operating expenses, non-operatin...
Peer comparison
Standard segment net income metric used by all public companies with segment reporting.
Metric ID:
ritm_segment_servicing_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 | -$71.86M | -$71.86M | $29.88M | $29.88M | $599.77M | $599.77M | $427.22M | $427.22M | $215.93M | $215.93M | $192.11M | $192.11M | $285.84M | $285.84M | $365.50M | $365.50M |
| QoQ Change | — | +0.0% | +141.6% | +0.0% | >999% | +0.0% | -28.8% | +0.0% | -49.5% | +0.0% | -11.0% | +0.0% | +48.8% | +0.0% | +27.9% | +0.0% |
| YoY Change | — | — | — | — | — | — | +694.5% | +694.5% | +622.6% | +622.6% | -68.0% | -68.0% | -33.1% | -33.1% | +69.3% | +69.3% |
Range-$71.86M – $599.77M
CAGR+54.3%
Avg YoY Growth+257.1%
Median YoY Growth+69.3%
Current Streak5 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — net income?
- New Residential Investment Corp. (NRZ) reported servicing — net income of $365.50M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — net income changed year-over-year?
- New Residential Investment Corp.'s servicing — net income increased by 69.3% year-over-year, from $215.93M to $365.50M.
- What does servicing — net income mean?
- The total net profit or loss of the servicing segment.