Discontinued — last reported Q3 '23
Business Segments · Income Tax Expense (Benefit)
Business Purpose Mortgage Banking — Income Tax Expense (Benefit)
Redwood Trust Business Purpose Mortgage Banking — Income Tax Expense (Benefit) increased by 77.4% to -$318.00K in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 87.6%, from -$2.56M to -$318.00K.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2017
Last reportedQ3 2023Nov 7, 2023
Rolls up toIncome Tax
How to read this metric
Changes are primarily driven by segment profitability and shifts in tax jurisdiction or effective tax rates rather than operational performance.
Detailed definition
Reflects the income tax provision or benefit specifically attributable to the business purpose mortgage banking segment'...
Peer comparison
Standard tax reporting line item found in segment disclosures for most public financial institutions.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_income_tax_expense_benefitHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.18M | $3.49M | $1.13M | -$3.28M | -$3.17M | -$2.56M | -$4.15M | -$703.00K | -$1.41M | -$318.00K |
| QoQ Change | — | +59.7% | -67.5% | -389.3% | +3.4% | +19.2% | -62.1% | +83.1% | -100.0% | +77.4% |
| YoY Change | — | — | — | — | -245.2% | -173.4% | -465.8% | +78.6% | +55.6% | +87.6% |
Range-$4.15M – $3.49M
CAGR-57.5%
Avg YoY Growth-110.4%
Median YoY Growth-58.9%
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Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — income tax expense (benefit)?
- Redwood Trust (RWT) reported business purpose mortgage banking — income tax expense (benefit) of -$318.00K in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — income tax expense (benefit) changed year-over-year?
- Redwood Trust's business purpose mortgage banking — income tax expense (benefit) increased by 87.6% year-over-year, from -$2.56M to -$318.00K.
- What does business purpose mortgage banking — income tax expense (benefit) mean?
- The tax expense or benefit associated with the business purpose mortgage banking segment.