Discontinued — last reported Q1 '26
Sequoia Mortgage Banking — Interest Expense
Redwood Trust Sequoia Mortgage Banking — Interest Expense increased by 36.3% to $36.34M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 172.4%, from $13.34M to $36.34M. Over 2 years (FY 2022 to FY 2024), Sequoia Mortgage Banking — Interest Expense shows an upward trend with a 28.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Lower expense is generally better, though it must be viewed relative to interest income to assess net interest margin efficiency.
Detailed definition
The cost of financing the mortgage loan portfolio and pipeline, primarily consisting of interest paid on warehouse lines...
Peer comparison
Standard 'Interest Expense' reported by financial institutions with debt-funded assets.
rwt_segment_sequoia_mortgage_banking_interest_expenseHistorical 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 | $8.18M | $8.18M | $8.18M | $8.18M | $6.03M | $6.03M | $6.03M | $6.03M | $8.27M | $9.92M | $16.77M | $19.11M | $13.34M | $21.50M | $26.66M | $36.34M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -26.3% | +0.0% | +0.0% | +0.0% | +37.1% | +20.0% | +69.0% | +13.9% | -30.2% | +61.2% | +24.0% | +36.3% |
| YoY Change | — | — | — | — | -26.3% | -26.3% | -26.3% | -26.3% | +37.1% | +64.6% | +178.2% | +216.9% | +61.4% | +116.7% | +59.0% | +172.4% |
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Frequently Asked Questions
- What is Redwood Trust's sequoia mortgage banking — interest expense?
- Redwood Trust (RWT) reported sequoia mortgage banking — interest expense of $36.34M in Q1 2026.
- How has Redwood Trust's sequoia mortgage banking — interest expense changed year-over-year?
- Redwood Trust's sequoia mortgage banking — interest expense increased by 172.4% year-over-year, from $13.34M to $36.34M.
- What is the long-term trend for Redwood Trust's sequoia mortgage banking — interest expense?
- Over 2 years (2022 to 2024), Redwood Trust's sequoia mortgage banking — interest expense has grown at a 28.5% compound annual growth rate (CAGR), from $32.74M to $54.07M.
- What does sequoia mortgage banking — interest expense mean?
- The cost of borrowing money to fund the mortgage loan portfolio.