Overview

* Redwood Capital Q3 net income rises 13% yr/yr, reflecting strong earnings

* Company fully retires holding company debt, utilizing excess capital and liquidity

* Redwood Capital declares quarterly cash dividend of $0.09 per share

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* DEBT RETIREMENT - Co used excess liquidity to fully retire holding company debt, enhancing financial stability

* NET INTEREST MARGIN - Growth in net interest margin and earnings contributed to consistent financial performance

* LOAN GROWTH - Gross loans increased by $5.1 mln over the second quarter, strengthening the balance sheet

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $0.09

Dividend

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)