Discontinued — last reported Q1 '26
Sequoia Mortgage Banking — Income Tax Expense (Benefit)
Redwood Trust Sequoia Mortgage Banking — Income Tax Expense (Benefit) decreased by 122.8% to -$1.25M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 117.1%, from $7.26M to -$1.25M. Over 2 years (FY 2022 to FY 2024), Sequoia Mortgage Banking — Income Tax Expense (Benefit) shows an upward trend with a 11.8% CAGR.
Analysis
How to read this metric
Changes generally track with segment profitability, though shifts in effective tax rates can signal changes in tax planning or regulatory environments.
Detailed definition
The provision for income taxes specifically allocated to the earnings generated by the mortgage banking segment. This re...
Peer comparison
Most financial institutions report segment-level tax provisions based on the effective tax rate applied to the segment's pre-tax income.
rwt_segment_sequoia_mortgage_banking_income_tax_expense_benefitHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$3.20M | -$3.20M | -$3.20M | -$3.20M | $414.75K | $414.75K | $414.75K | $414.75K | $1.49M | $1.56M | $6.98M | $5.98M | $7.26M | $9.29M | $5.46M | -$1.25M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +112.9% | +0.0% | +0.0% | +0.0% | +260.2% | +4.4% | +347.2% | -14.3% | +21.5% | +27.9% | -41.2% | -122.8% |
| YoY Change | — | — | — | — | +112.9% | +112.9% | +112.9% | +112.9% | +260.2% | +276.1% | >999% | >999% | +386.0% | +495.4% | -21.7% | -117.1% |
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Frequently Asked Questions
- What is Redwood Trust's sequoia mortgage banking — income tax expense (benefit)?
- Redwood Trust (RWT) reported sequoia mortgage banking — income tax expense (benefit) of -$1.25M in Q1 2026.
- How has Redwood Trust's sequoia mortgage banking — income tax expense (benefit) changed year-over-year?
- Redwood Trust's sequoia mortgage banking — income tax expense (benefit) decreased by 117.1% year-over-year, from $7.26M to -$1.25M.
- What is the long-term trend for Redwood Trust's sequoia mortgage banking — income tax expense (benefit)?
- Over 2 years (2022 to 2024), Redwood Trust's sequoia mortgage banking — income tax expense (benefit) has grown at a 11.8% compound annual growth rate (CAGR), from -$12.81M to $16.01M.
- What does sequoia mortgage banking — income tax expense (benefit) mean?
- The portion of total income tax expense or benefit attributable to the mortgage banking segment's operations.