Discontinued — last reported Q3 '23
Business Segments · Net Interest Income
Business Purpose Mortgage Banking — Net Interest Income
Redwood Trust Business Purpose Mortgage Banking — Net Interest Income increased by 0.8% to $730.00K in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 76.5%, from $3.11M to $730.00K. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ3 2023Nov 7, 2023
Rolls up toNet Interest Income
How to read this metric
Higher net interest income indicates a wider interest margin or a larger, more profitable loan portfolio.
Detailed definition
The difference between interest income earned on business-purpose mortgage loans and the interest expense incurred to fu...
Peer comparison
Standard metric for all lending institutions, comparable to net interest margin (NIM) performance at other mortgage REITs.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_net_interest_incomeHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.51M | $1.95M | $2.11M | $2.27M | $4.33M | $3.11M | $921.00K | $456.00K | $724.00K | $730.00K |
| QoQ Change | — | +29.8% | +7.9% | +7.8% | +90.4% | -28.1% | -70.4% | -50.5% | +58.8% | +0.8% |
| YoY Change | — | — | — | — | +187.6% | +59.2% | -56.3% | -79.9% | -83.3% | -76.5% |
Range$456.00K – $4.33M
CAGR-27.5%
Avg YoY Growth-8.2%
Median YoY Growth-66.4%
Current Streak2 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — net interest income?
- Redwood Trust (RWT) reported business purpose mortgage banking — net interest income of $730.00K in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — net interest income changed year-over-year?
- Redwood Trust's business purpose mortgage banking — net interest income decreased by 76.5% year-over-year, from $3.11M to $730.00K.
- What does business purpose mortgage banking — net interest income mean?
- The profit earned from the spread between interest income and interest expense on business-purpose loans.