Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 57

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 acquisition costs(3,568)(2,237)Other expenses(3,909)(3,361)Net Income Before Provision for Income Taxes22,409 30,785 Provision for income taxes(6,262)(523)Net Income$16,147 $30,262 Dividends on preferred stock(1,750)(1,750)Net Income Available To Common Stockholders$14,397 $28,512 Basic earnings per common share$0.10 $0.21 Diluted earnings per common share$0.10 $0.21 Basic weighted average common shares outstanding132,766,199 131,570,347 Diluted weighted average common shares outstanding132,766,199 131,570,347 

The accompanying notes are an integral part of these consolidated financial statements.

3

REDWOOD TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands)Three Months Ended March 31,(Unaudited)20252024Net Income$16,147 $30,262 Other comprehensive income:Net unrealized gain on available-for-sale ("AFS") securities 3,422 8,656 Reclassification of unrealized (gain) on AFS securities to net income(709)(629)Reclassification of unrealized loss on interest rate agreements to net income1,018 1,029 Total other comprehensive income$3,731 $9,056 Comprehensive Income$19,878 $39,318 Dividends on preferred stock(1,750)$(1,750)Comprehensive Income Available To Common Stockholders$18,128 $37,568 

The accompanying notes are an integral part of these consolidated financial statements.

4

REDWOOD TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

For the Three Months Ended March 31, 2025 (In Thousands, except Share Data)Preferred StockCommon StockAdditional Paid-InCapitalAccumulatedOtherComprehensive(Loss)Cumulative EarningsCumulativeDistributionsto StockholdersTotal(Unaudited)SharesPar ValueDecember 31, 2024$66,948 132,519,579 $1,325 $2,504,029 $(43,071)$1,191,401 $(2,