Onity Group Inc. Reports Q1 2025: Net Income at $21M, EPS Up to $2.50, Book Value per Share Increases $2.15

Reuters
30 Apr
<a href="https://laohu8.com/S/ONIT">Onity Group Inc.</a> Reports Q1 2025: Net Income at $21M, EPS Up to $2.50, Book Value per Share Increases $2.15

Onity Group Inc. reported a net income attributable to common stockholders of $21 million for the first quarter of 2025, with a diluted earnings per share $(EPS)$ of $2.50 and a return on equity $(ROE)$ of 19%. The adjusted pre-tax income was $25 million, resulting in an annualized adjusted ROE of 22%. The company's book value per share increased to $58 as of March 31, 2025, up by $2.15 compared to a year earlier. Onity observed $17 billion in total servicing additions, with an average servicing unpaid principal balance $(UPB)$ of $305 billion, marking an increase of $13 billion year-over-year. For its 2025 outlook, Onity confirmed its previous guidance, anticipating an adjusted ROE range of 16% to 18%. The company also highlighted the potential release of some or all of a $180 million deferred tax valuation allowance by the end of the year. Additionally, Onity expanded its high-margin product offerings with the introduction of enhanced home equity and proprietary reverse mortgage loans, branded as EquityIQ®. The company's effective mortgage servicing rights $(MSR.AU)$ hedge strategy resulted in minimal MSR fair value volatility. Total liquidity stood at $239 million as of the end of the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onity Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-006777), on April 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10