Noninterest Income, Net
Redwood Trust Noninterest Income, Net decreased by 52.4% to $29.22M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 36.4%, from $45.91M to $29.22M. Over 2 years (FY 2022 to FY 2025), Noninterest Income, Net shows an upward trend with a -23.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates successful diversification of revenue sources, while a decrease suggests a heavy reliance on interest-based income or underperformance in fee-generating segments.
Detailed definition
The sum of all revenue streams excluding interest income, such as fees, servicing income, and investment gains. This pro...
Peer comparison
Standard financial reporting metric for banks and financial institutions.
other_noninterest_income_netHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$40.67M | -$40.67M | -$40.67M | -$40.67M | -$9.59M | $44.01M | $50.34M | $42.15M | $44.22M | $17.59M | $45.91M | -$51.94M | $39.38M | $61.33M | $29.22M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +76.4% | +558.8% | +14.4% | -16.3% | +4.9% | -60.2% | +161.0% | -213.1% | +175.8% | +55.7% | -52.4% |
| YoY Change | — | — | — | — | +76.4% | +208.2% | — | — | +561.0% | -60.0% | -8.8% | -223.2% | -11.0% | +248.7% | -36.4% |
Business Segments — Sequoia
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|
| Sequoia | $24.4M | $28.72M | $40.38M | $22.05M |
| CoreVest | $19.96M | $15.73M | $16.28M | $10.38M |
| Redwood Investments | -$5.82M | $1.08M | $12.69M | -$5.76M |
| Aspire | — | — | — | $2.68M |
| Legacy Investments | -$89.58M | -$8.5M | -$8.06M | -$140K |
| Total | -$51.94M | $39.38M | $61.33M | $29.22M |
Business Segments — Residential Consumer Mortgage Banking
| Segment | Q3 '23 | Q3 '24 |
|---|---|---|
| Residential Consumer Mortgage Banking | $8.96M | $26.72M |
| Residential Investor Mortgage Banking | $11.75M | $18.29M |
| Investment Portfolio | -$28.88M | -$678K |
| Total | -$9.59M | $44.22M |
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 — Sequoia Mortgage Banking
| Segment | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q4 '24 | Q1 '25 |
|---|---|---|---|---|---|---|---|---|
| Sequoia Mortgage Banking | $7.21M | $7.21M | $7.21M | $7.21M | $7.83M | $6.25M | $16.79M | $22.15M |
| CoreVest Mortgage Banking | $11.3M | $11.3M | $11.3M | $11.3M | $7.36M | $13.85M | $13.25M | $13.98M |
| Total | — | — | -$9.59M | $44.01M | $50.34M | $42.15M | $17.59M | $45.91M |
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.
Frequently Asked Questions
- What is Redwood Trust's noninterest income, net?
- Redwood Trust (RWT) reported noninterest income, net of $29.22M in Q1 2026.
- How has Redwood Trust's noninterest income, net changed year-over-year?
- Redwood Trust's noninterest income, net decreased by 36.4% year-over-year, from $45.91M to $29.22M.
- What is the long-term trend for Redwood Trust's noninterest income, net?
- Over 2 years (2022 to 2025), Redwood Trust's noninterest income, net has grown at a -23.7% compound annual growth rate (CAGR), from -$162.68M to $94.67M.
- What does noninterest income, net mean?
- Total net revenue earned from sources other than interest on loans.