Redwood Trust: 2Q Earnings Snapshot
MILL VALLEY, Calif. (AP) _ Redwood Trust Inc. (RWT) on Thursday reported second-quarter net income of $31 million.
On a per-share basis, the Mill Valley, California-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring costs, came to 39 cents per share.
The specialty finance company posted revenue of $177 million in the period. Its adjusted revenue was $32 million.
Redwood Trust shares have risen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.73, an increase of 1% in the last 12 months.