Discontinued — last reported Q3 '23
Business Segments · Noninterest Income
Business Purpose Mortgage Banking — Noninterest Income
Redwood Trust Business Purpose Mortgage Banking — Noninterest Income increased by 11.2% to $11.75M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 20.5%, from $14.78M to $11.75M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2017
Last reportedQ3 2023Nov 7, 2023
Rolls up toTotal noninterest income
How to read this metric
An increase indicates strong performance in fee-based activities and market-driven asset valuation gains.
Detailed definition
The aggregate of all income generated by the business-purpose mortgage segment excluding interest income. This includes...
Peer comparison
Standard financial reporting metric; comparable to non-interest income at banks and mortgage finance companies.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_noninterest_incomeHistorical Data
9 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $33.31M | $30.43M | $24.60M | $8.96M | -$11.18M | $14.78M | $15.71M | $10.57M | $11.75M |
| QoQ Change | — | -8.6% | -19.2% | -63.6% | -224.8% | +232.2% | +6.3% | -32.8% | +11.2% |
| YoY Change | — | — | — | — | -133.6% | -51.4% | +75.5% | +194.6% | -20.5% |
Range-$11.18M – $33.31M
CAGR-40.6%
Avg YoY Growth+12.9%
Median YoY Growth-20.5%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — noninterest income?
- Redwood Trust (RWT) reported business purpose mortgage banking — noninterest income of $11.75M in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — noninterest income changed year-over-year?
- Redwood Trust's business purpose mortgage banking — noninterest income decreased by 20.5% year-over-year, from $14.78M to $11.75M.
- What does business purpose mortgage banking — noninterest income mean?
- Total non-interest revenue from the business-purpose mortgage segment.