Discontinued — last reported Q3 '24
Business Segments · Income Tax Expense (Benefit)
Residential Consumer Mortgage Banking — Income Tax Expense (Benefit)
Redwood Trust Residential Consumer Mortgage Banking — Income Tax Expense (Benefit) increased by 347.2% to $6.98M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 758.2%, from $813.00K to $6.98M. Over 2 years (FY 2021 to FY 2023), Residential Consumer Mortgage Banking — Income Tax Expense (Benefit) shows a downward trend with a -74.6% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2017
Last reportedQ3 2024Nov 7, 2024
Rolls up toIncome Tax
How to read this metric
A tax benefit often signals segment losses, while tax expense correlates with segment profitability.
Detailed definition
The provision for income taxes or the benefit derived from tax credits and adjustments specifically allocated to the res...
Peer comparison
Standard tax accounting treatment consistent with segment reporting across the financial services industry.
Metric ID:
rwt_segment_residential_consumer_mortgage_banking_income_tax_expense_benefitHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.73M | $10.43M | $2.14M | -$1.01M | -$5.59M | -$1.69M | -$4.53M | -$633.00K | $707.00K | $813.00K | $772.00K | $1.49M | $1.56M | $6.98M |
| QoQ Change | — | +180.0% | -79.5% | -147.1% | -454.9% | +69.8% | -168.4% | +86.0% | +211.7% | +15.0% | -5.0% | +93.5% | +4.4% | +347.2% |
| YoY Change | — | — | — | — | -250.0% | -116.2% | -312.0% | +37.1% | +112.7% | +148.2% | +117.0% | +336.0% | +120.7% | +758.2% |
Range-$5.59M – $10.43M
CAGR+21.3%
Avg YoY Growth+95.2%
Median YoY Growth+114.8%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Redwood Trust's residential consumer mortgage banking — income tax expense (benefit)?
- Redwood Trust (RWT) reported residential consumer mortgage banking — income tax expense (benefit) of $6.98M in Q3 2024.
- How has Redwood Trust's residential consumer mortgage banking — income tax expense (benefit) changed year-over-year?
- Redwood Trust's residential consumer mortgage banking — income tax expense (benefit) increased by 758.2% year-over-year, from $813.00K to $6.98M.
- What is the long-term trend for Redwood Trust's residential consumer mortgage banking — income tax expense (benefit)?
- Over 2 years (2021 to 2023), Redwood Trust's residential consumer mortgage banking — income tax expense (benefit) has grown at a -74.6% compound annual growth rate (CAGR), from $25.78M to $1.66M.
- What does residential consumer mortgage banking — income tax expense (benefit) mean?
- The tax expense or benefit attributable to the residential mortgage banking segment's performance.