Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 51

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 51
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)(370,219)Debt obligations(270,059)(259,758)(182,181)Total interest expense(842,556)(631,519)(552,400)Net Interest Income102,608 92,943 155,454 Non-interest Income (Loss)Mortgage banking activities, net99,398 67,386 (13,659)Investment fair value changes, net(14,759)(44,400)(178,272)HEI income, net41,831 35,117 2,714 Other income, net27,528 12,886 21,204 Realized gains, net306 1,699 5,334 Total non-interest income (loss), net154,304 72,688 (162,679)General and administrative expenses(136,393)(128,295)(140,908)Portfolio management costs(20,915)(14,571)(7,951)Loan acquisition costs(12,675)(7,166)(11,766)Other expenses(14,088)(16,238)(15,590)Net Income (Loss) before (Provision for) Benefit from Income Taxes72,841 (639)(183,440)(Provision for) benefit from income taxes(18,837)(1,635)19,920 Net Income (Loss)$54,004 $(2,274)$(163,520)Dividends on preferred stock(7,015)(6,684)— Net Income (Loss) Available (Related) to Common Stockholders$46,989 $(8,958)$(163,520)Basic earnings (loss) per common share$0.32 $(0.11)$(1.43)Diluted earnings (loss) per common share$0.32 $(0.11)$(1.43)Basic weighted average common shares outstanding132,050,825 116,283,328 117,227,846 Diluted weighted average common shares outstanding132,139,434 116,283,328 117,227,846 

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

F- 7

REDWOOD TRUST, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Years Ended December 31,(In Thousands)202420232022Net Income (Loss)$54,004 $(2,