Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 141

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 141
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 AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 2025(Unaudited) 

Note 21. Earnings per Common Share

The following table provides the basic and diluted earnings per common share computations for the three and six months ended June 30, 2025 and 2024. Table 21.1 – Basic and Diluted Earnings per Common ShareThree Months Ended June 30,Six Months Ended June 30,(In Thousands, except Share Data)2025202420252024Basic (Loss) Earnings per Common Share:Net (loss) income (related) available to common stockholders$(100,249)$13,777 $(85,852)$42,289 Less: Dividends and undistributed earnings allocated to participating securities(1,413)(985)(2,825)(2,028)Net (loss) income allocated to common stockholders$(101,662)$12,792 $(88,677)$40,261 Basic weighted average common shares outstanding133,006,312 132,115,854 132,886,919 131,843,100 Basic (Loss) Earnings per Common Share$(0.76)$0.10 $(0.67)$0.31 Diluted (Loss) Earnings per Common Share:Net (loss) income (related) available to common stockholders$(100,249)$13,777 $(85,852)$42,289 Less: Dividends and undistributed earnings allocated to participating securities(1,413)(985)(2,825)(2,028)Net (loss) income allocated to common stockholders$(101,662)$12,792 $(88,677)$40,261 Weighted average common shares outstanding133,006,312 132,115,854 132,886,919 131,843,100 Net effect of dilutive equity awards— 7,848 — 3,924 Diluted weighted average common shares outstanding133,006,312 132,123,702 132,886,919 131,847,024 Diluted (Loss) Earnings per Common Share$(0.76)$0.10 $(0.67)$0.31 We included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights, in the calculations of basic and diluted earnings per common share as we determined that the two