Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 267

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 267
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ment fair value changes, net(5,188)(25,492)20,304 (5,188)21,837 (27,025)HEI income, net10,166 6,389 3,777 10,166 9,086 1,080 Servicing income3,407 6,390 (2,983)3,407 4,225 (818)Fee income2,351 3,578 (1,227)2,351 1,001 1,350 Other income (loss), net1,550 687 863 1,550 (775)2,325 Realized gains (losses), net567 (314)881 567 409 158 Total non-interest income, net45,906 17,587 28,319 45,906 50,339 (4,433)General and administrative expenses(37,471)(32,532)(4,939)(37,471)(34,569)(2,902)Portfolio management costs(6,491)(6,098)(393)(6,491)(3,597)(2,894)Loan acquisition costs(3,568)(3,598)30 (3,568)(2,237)(1,331)Other expenses(3,909)(3,322)(587)(3,909)(3,361)(548)Total Operating expenses(51,439)(45,550)(5,889)(51,439)(43,764)(7,675)Net Income (Loss) Before Income Taxes22,409 (356)22,765 22,409 30,785 (8,376)Provision for income taxes(6,262)(6,262)— (6,262)(523)(5,739)Net Income (Loss)16,147 (6,618)22,765 16,147 30,262 (14,115)Dividends on preferred stock(1,750)(1,758)8 (1,750)(1,750)— Net Income (Loss) Available (Related) to Common Stockholders$14,397 $(8,376)$22,773 $14,397 $28,512 $(14,115)

53

Three Months Ended March 31, 2025 Compared to Three Months Ended December 31, 2024 

Net Interest Income