Other expenses
Redwood Trust Other expenses decreased by 13.5% to $7.13M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 82.3%, from $3.91M to $7.13M. Over 4 years (FY 2021 to FY 2025), Other expenses shows an upward trend with a 7.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may signal rising administrative overhead or unforeseen operational costs, while a decrease suggests improved cost discipline.
Detailed definition
This category captures miscellaneous operating costs that do not fit into primary expense classifications like personnel...
Peer comparison
Large regional banks typically maintain this as a small percentage of total noninterest expense; high levels may indicate poor expense management.
operating_expenses_other_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.99M | $4.02M | $4.59M | $4.09M | $3.47M | $4.26M | $3.78M | $3.68M | $4.98M | $4.63M | $2.95M | $3.36M | $5.18M | $2.23M | $3.32M | $3.91M | $4.04M | $5.68M | $8.24M | $7.13M |
| QoQ Change | — | +1.0% | +14.1% | -11.0% | -15.1% | +22.9% | -11.4% | -2.4% | +35.0% | -6.9% | -36.4% | +14.1% | +54.0% | -57.0% | +49.1% | +17.7% | +3.2% | +40.8% | +45.0% | -13.5% |
| YoY Change | — | — | — | — | -13.0% | +5.9% | -17.8% | -9.8% | +43.5% | +8.7% | -22.0% | -8.8% | +4.1% | -51.9% | +12.8% | +16.3% | -22.1% | +155.0% | +148.0% | +82.3% |
Business Segments — Redwood Investments
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|
| Redwood Investments | $1.83M | $3.17M | $6.23M | $5.12M |
| CoreVest | $2.20M | $2.01M | $2.01M | $2.01M |
| Aspire | — | — | — | $0.00 |
| Legacy Investments | $0.00 | $500.00K | $0.00 | $0.00 |
| Sequoia | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $4.04M | $5.68M | $8.24M | $7.13M |
Business Segments — Business Purpose Mortgage Banking
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Residential Investor Mortgage Banking | — | — | — | — | — | $2.81M | $2.20M | $2.20M |
| Investment Portfolio | $538.00K | $576.00K | $1.87M | $1.53M | $1.83M | $555.00K | $2.97M | $26.00K |
| Business Purpose Mortgage Banking | $3.24M | $3.11M | $3.11M | $3.11M | — | — | — | — |
| Residential Consumer Mortgage Banking | $0.00 | $0.00 | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 |
| Total | $3.78M | $3.68M | $4.98M | $4.63M | $2.95M | $3.36M | $5.18M | $2.23M |
Business Purpose Mortgage Banking, Investment Portfolio, Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — CoreVest Mortgage Banking
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '24 | Q1 '25 |
|---|---|---|---|---|---|
| CoreVest Mortgage Banking | $3.49M | $3.49M | $3.49M | $2.20M | $2.20M |
| Sequoia Mortgage Banking | -$18.50K | -$18.50K | -$18.50K | $0.00 | $0.00 |
| Total | $4.09M | $3.47M | $4.26M | $3.32M | $3.91M |
CoreVest Mortgage Banking, Sequoia Mortgage Banking were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Other expenses at Other Companies
Frequently Asked Questions
- What is Redwood Trust's other expenses?
- Redwood Trust (RWT) reported other expenses of $7.13M in Q1 2026.
- How has Redwood Trust's other expenses changed year-over-year?
- Redwood Trust's other expenses increased by 82.3% year-over-year, from $3.91M to $7.13M.
- What is the long-term trend for Redwood Trust's other expenses?
- Over 4 years (2021 to 2025), Redwood Trust's other expenses has grown at a 7.0% compound annual growth rate (CAGR), from $16.70M to $21.86M.
- What does other expenses mean?
- Miscellaneous operating costs that fall outside of primary expense categories.