Business Segments · Noninterest Income, Net
CoreVest — Noninterest Income, Net
Redwood Trust CoreVest — Noninterest Income, Net decreased by 36.2% to $10.38M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 25.8%, from $13.98M to $10.38M. Over 2 years (FY 2023 to FY 2025), CoreVest — Noninterest Income, Net shows an upward trend with a 20.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026May 7, 2026
Rolls up toNoninterest Income, Net
How to read this metric
Growth indicates strong fee-based business performance and successful execution of mortgage banking strategies.
Detailed definition
The aggregate net income generated by the CoreVest segment excluding interest income. It encompasses fees, realized gain...
Peer comparison
Similar to 'Non-Interest Income' in financial services and mortgage banking segments.
Metric ID:
rwt_segment_corevest_noninterest_income_netHistorical Data
13 periods
| 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 | $11.30M | $11.30M | $11.30M | $11.30M | $7.36M | $13.85M | $18.29M | $13.25M | $13.98M | $19.96M | $15.73M | $16.28M | $10.38M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -34.9% | +88.3% | +32.0% | -27.5% | +5.5% | +42.8% | -21.2% | +3.5% | -36.2% |
| YoY Change | — | — | — | — | -34.9% | +22.5% | +61.8% | +17.2% | +90.1% | +44.1% | -14.0% | +22.8% | -25.8% |
Range$7.36M – $19.96M
CAGR-2.8%
Avg YoY Growth+20.4%
Median YoY Growth+22.5%
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Frequently Asked Questions
- What is Redwood Trust's corevest — noninterest income, net?
- Redwood Trust (RWT) reported corevest — noninterest income, net of $10.38M in Q1 2026.
- How has Redwood Trust's corevest — noninterest income, net changed year-over-year?
- Redwood Trust's corevest — noninterest income, net decreased by 25.8% year-over-year, from $13.98M to $10.38M.
- What is the long-term trend for Redwood Trust's corevest — noninterest income, net?
- Over 2 years (2023 to 2025), Redwood Trust's corevest — noninterest income, net has grown at a 20.8% compound annual growth rate (CAGR), from $45.22M to $65.95M.
- What does corevest — noninterest income, net mean?
- Total net revenue for the CoreVest segment excluding interest-based earnings.