Earnings Release – Redwood Capital Bancorp – Year-End 2024
Redwood Capital Bancorp (RWCB) reported strong financial results for the year ended December 31, 2024. The company achieved earnings per share of $2.69 and a 9.59% growth in tangible book value. Total assets reached $528 million, up 2% year-over-year, while deposits increased 2.5% to $471.7 million. Net loans stood at $382.6 million.
The company's consolidated net income before taxes totaled $7.2 million for 2024. Book value per share increased 10% to $25.83. The stock closed at $21.26, down 9.8% from the previous year. The Board declared a quarterly cash dividend of $0.08 per share, equivalent to an annual rate of $0.32 per share or 1.51% yield. The bank maintains strong liquidity with over $66 million in off-balance sheet deposits.
Redwood Capital Bancorp (RWCB) ha riportato risultati finanziari solidi per l'anno concluso il 31 dicembre 2024. L'azienda ha raggiunto utile per azione di $2,69 e una crescita del 9,59% del valore contabile tangibile. I beni totali hanno raggiunto $528 milioni, con un aumento del 2% rispetto all'anno precedente, mentre i depositi sono aumentati del 2,5% a $471,7 milioni. I prestiti netti si sono attestati a $382,6 milioni.
Il reddito netto consolidato dell'azienda prima delle tasse è ammontato a $7,2 milioni per il 2024. Il valore contabile per azione è aumentato del 10% a $25,83. Il titolo ha chiuso a $21,26, in calo del 9,8% rispetto all'anno precedente. Il Consiglio ha dichiarato un dividendo in contante trimestrale di $0,08 per azione, equivalente a un tasso annuale di $0,32 per azione o un rendimento dell'1,51%. La banca mantiene un'elevata liquidità con oltre $66 milioni in depositi fuori bilancio.
Redwood Capital Bancorp (RWCB) informó resultados financieros fuertes para el año que terminó el 31 de diciembre de 2024. La compañía logró ganancias por acción de $2.69 y un crecimiento del 9.59% en el valor contable tangible. Los activos totales alcanzaron $528 millones, un aumento del 2% en comparación con el año anterior, mientras que los depósitos aumentaron un 2.5% a $471.7 millones. Los préstamos netos se situaron en $382.6 millones.
El ingreso neto consolidado de la compañía antes de impuestos totalizó $7.2 millones para 2024. El valor contable por acción aumentó un 10% a $25.83. La acción cerró a $21.26, una disminución del 9.8% en comparación con el año anterior. La Junta declaró un dividendo en efectivo trimestral de $0.08 por acción, equivalente a una tasa anual de $0.32 por acción o un rendimiento del 1.51%. El banco mantiene una fuerte liquidez con más de $66 millones en depósitos fuera de balance.
레드우드 캐피탈 뱅코프 (RWCB)는 2024년 12월 31일로 종료된 연도에 대한 강력한 재무 결과를 보고했습니다. 이 회사는 주당 순이익 $2.69와 9.59%의 유형자산 가치 증가를 달성했습니다. 총 자산은 $5억 2800만에 도달했으며, 전년 대비 2% 증가했으며, 예금은 2.5% 증가하여 $4억 7170만에 달했습니다. 순대출은 $3억 8260만이었습니다.
회사의 세전 consolidated 순이익은 2024년에 $720만에 달했습니다. 주당 장부 가치는 10% 증가하여 $25.83가 되었습니다. 주가는 $21.26으로 마감되었으며, 전년 대비 9.8% 하락했습니다. 이사회는 주당 $0.08의 분기 현금 배당금을 선언했으며, 이는 주당 연간 $0.32 또는 1.51%의 수익률에 해당합니다. 은행은 6600만 달러 이상의 비재무 예금으로 강력한 유동성을 유지하고 있습니다.
Redwood Capital Bancorp (RWCB) a annoncé de solides résultats financiers pour l'année se terminant le 31 décembre 2024. L'entreprise a réalisé un bénéfice par action de $2,69 et une croissance de 9,59% de la valeur comptable tangible. L'actif total a atteint $528 millions, en hausse de 2% par rapport à l'année précédente, tandis que les dépôts ont augmenté de 2,5% à $471,7 millions. Les prêts nets s'élevaient à $382,6 millions.
Le revenu net consolidé de l'entreprise avant impôts s'est élevé à $7,2 millions pour 2024. La valeur comptable par action a augmenté de 10% pour atteindre $25,83. L'action a clôturé à $21,26, en baisse de 9,8% par rapport à l'année précédente. Le conseil a déclaré un dividende en espèces trimestriel de $0,08 par action, soit un taux annuel de $0,32 par action ou un rendement de 1,51%. La banque conserve une forte liquidité avec plus de $66 millions en dépôts hors bilan.
Redwood Capital Bancorp (RWCB) hat für das zum 31. Dezember 2024 endende Jahr starke Finanzergebnisse berichtet. Das Unternehmen erzielte Gewinne pro Aktie von $2,69 und ein Wachstum des substantiellen Buchwerts von 9,59%. Die Gesamtvermögen erreichten $528 Millionen, ein Anstieg von 2% im Vergleich zum Vorjahr, während die Einlagen um 2,5% auf $471,7 Millionen stiegen. Die Nettokredite lagen bei $382,6 Millionen.
Das konsolidierte Nettoeinkommen des Unternehmens vor Steuern belief sich für 2024 auf $7,2 Millionen. Der Buchwert pro Aktie stieg um 10% auf $25,83. Die Aktie schloss bei $21,26, ein Rückgang von 9,8% im Vergleich zum Vorjahr. Der Vorstand erklärte eine quartalsweise Bar-Dividende von $0,08 pro Aktie, was einer jährlichen Rate von $0,32 pro Aktie oder einer Rendite von 1,51% entspricht. Die Bank hält eine starke Liquidität mit über $66 Millionen an außerbilanziellen Einlagen.
- 9.59% growth in tangible book value
- 10% increase in book value per share to $25.83
- 2.5% increase in deposits to $471.7 million
- 2% growth in total assets to $528 million
- $66 million in off-balance sheet deposits providing additional liquidity
- 9.8% decline in stock price year-over-year to $21.26
President and CEO John Dalby stated, “As we conclude another successful year at the Bank, I am pleased to share our year-end earnings which reflect the strength and stability of our community-focused institution. Our strong liquidity and robust capital position demonstrate our continued commitment to financial soundness, ensuring we remain a trusted partner for our customers and shareholders.”
Dalby added, “Redwood Capital Bank reported a strong performance for the year-ending 2024, with earnings per share reaching
Total assets as of December 31, 2024, were
Consolidated net income before taxes for the twelve months ended December 31, 2024, totaled
Additionally, the Board of Directors declared a quarterly cash dividend of
For more information regarding Redwood Capital Bancorp, please visit our website at www.redwoodcapitalbank.com, contact Renee Byers, CFO, at (707) 444-9849, or stop by our headquarters and main office at 402 “G” Street,
This press release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the bank is conducting its operations, including the real estate market in
| Redwood Capital Bancorp | ||||||||||
| Selected Consolidated Financial Results - Unaudited | ||||||||||
| (In Thousands - except share data) | ||||||||||
| Period Ended | % | |||||||||
| 12/31/2024 | 9/30/2024 | Change | ||||||||
| Balance Sheet Data (at period end) | ||||||||||
| Total assets | $ |
528,261 |
|
$ |
534,174 |
-1.11 |
% |
|||
| Total deposits |
|
471,708 |
|
|
470,547 |
0.25 |
% |
|||
| Total loans (net) |
|
382,638 |
|
|
380,926 |
0.45 |
% |
|||
| Common equity |
|
50,572 |
|
|
50,868 |
-0.58 |
% |
|||
| Common shares outstanding |
|
1,958,253 |
|
|
1,960,374 |
-0.11 |
% |
|||
| Summary of Operations (Current Quarter) | ||||||||||
| Interest income |
|
6,016 |
|
|
6,065 |
-0.81 |
% |
|||
| Interest expense |
|
1,322 |
|
|
1,403 |
-5.77 |
% |
|||
| Net Interest Income |
|
4,694 |
|
|
4,662 |
0.69 |
% |
|||
| Non-interest income |
|
778 |
|
|
882 |
-11.79 |
% |
|||
| Non-interest expense |
|
3,864 |
|
|
3,495 |
10.56 |
% |
|||
| Net Income before provision |
|
1,608 |
|
|
2,049 |
-21.52 |
% |
|||
| Provision for loan losses |
|
(38 |
) |
|
151 |
-125.17 |
% |
|||
| Income before taxes |
|
1,646 |
|
|
1,898 |
-13.28 |
% |
|||
| Income taxes |
|
452 |
|
|
525 |
-13.90 |
% |
|||
| Net Income |
|
1,194 |
|
|
1,373 |
-13.04 |
% |
|||
| Earnings per share (fully diluted) | $ |
0.61 |
|
$ |
0.70 |
-12.94 |
% |
|||
| Book value per common share | $ |
25.83 |
|
$ |
25.95 |
-0.47 |
% |
|||
| Period Ended | % | |||||||||
| 12/31/2024 | 12/31/2023 | Change | ||||||||
| Balance Sheet Data (at period end) | ||||||||||
| Total assets | $ |
528,261 |
|
$ |
518,105 |
1.96 |
% |
|||
| Total deposits |
|
471,708 |
|
|
460,434 |
2.45 |
% |
|||
| Total loans (net) |
|
382,638 |
|
|
388,424 |
-1.49 |
% |
|||
| Common equity |
|
50,572 |
|
|
45,709 |
10.64 |
% |
|||
| Common shares outstanding |
|
1,958,253 |
|
|
1,939,192 |
0.98 |
% |
|||
| Summary of Operations (Current Quarter) | ||||||||||
| Interest income |
|
6,016 |
|
|
5,674 |
6 |
% |
|||
| Interest expense |
|
1,322 |
|
|
708 |
87 |
% |
|||
| Net Interest Income |
|
4,694 |
|
|
4,966 |
-5 |
% |
|||
| Non-interest income |
|
778 |
|
|
790 |
-2 |
% |
|||
| Non-interest expense |
|
3,864 |
|
|
3,585 |
8 |
% |
|||
| Net Income before provision |
|
1,608 |
|
|
2,171 |
-26 |
% |
|||
| Provision for loan losses |
|
(38 |
) |
|
- |
0 |
% |
|||
| Income before taxes |
|
1,646 |
|
|
2,171 |
-24 |
% |
|||
| Income taxes |
|
452 |
|
|
610 |
-26 |
% |
|||
| Net Income |
|
1,194 |
|
|
1,561 |
-24 |
% |
|||
| Earnings per share (fully diluted) | $ |
0.61 |
|
$ |
0.80 |
-24 |
% |
|||
| Book value per common share | $ |
25.83 |
|
$ |
23.57 |
10 |
% |
|||
| Summary of Operations (Year to Date) | ||||||||||
| Interest income |
|
23,509 |
|
|
21,437 |
10 |
% |
|||
| Interest expense |
|
5,161 |
|
|
2,102 |
146 |
% |
|||
| Net Interest Income |
|
18,348 |
|
|
19,335 |
-5 |
% |
|||
| Non-interest income |
|
3,535 |
|
|
4,456 |
-21 |
% |
|||
| Non-interest expense |
|
14,424 |
|
|
13,987 |
3 |
% |
|||
| Net Income before provision |
|
7,459 |
|
|
9,804 |
-24 |
% |
|||
| Provision for loan losses |
|
233 |
|
|
58 |
302 |
% |
|||
| Income before taxes |
|
7,226 |
|
|
9,746 |
-26 |
% |
|||
| Income taxes |
|
1,954 |
|
|
2,702 |
-28 |
% |
|||
| Net Income |
|
5,272 |
|
|
7,044 |
-25 |
% |
|||
| Earnings per share (fully diluted) | $ |
2.69 |
|
$ |
3.63 |
-26 |
% |
|||
| Book value per common share | $ |
25.83 |
|
$ |
23.57 |
10 |
% |
|||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250129748925/en/
Renee Byers, CFO, (707) 444-9849
Source: Redwood Capital Bancorp
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