Guild Holdings Company Reports Significant Growth in Mortgage Originations and Net Income

By Tamara Parker • Monday, March 10 06:08 • Permanent Link

Guild Holdings Company has recently released its 10-K report, providing a detailed overview of its financial performance and operations. The company, incorporated in 1960 and headquartered in San Diego, California, operates in two segments * Origination and Servicing, offering residential mortgages through retail and correspondent channels.

In the 10-K report, Guild highlighted several key financial metrics for the years ended December 31, 2024, and 2023. The company originated $24.0 billion and $15.3 billion of mortgage loans in 2024 and 2023, respectively, with purchase originations accounting for 88.1% and 93.4% of total originations in those years. Guild's servicing portfolio as of December 31, 2024, was $93.0 billion, compared to $85.0 billion as of December 31, 2023, representing an 8.6% increase. The company also reported net income of $97.1 million and $39.0 million for the years ended December 31, 2024, and 2023, respectively.

Moreover, Guild generated adjusted net income of $90.2 million and $48.0 million for the years ended December 31, 2024, and 2023, respectively. The company's return on average equity was 8.0% and (3.2)% for the years ended December 31, 2024, and 2023, respectively. Additionally, Guild had a book value per share of $20.24 and $19.36 at December 31, 2024, and 2023, respectively.

The report also discussed the market and economic overview, highlighting the Federal Open Market Committee's pivot in response to inflation and the forecasted trends in the mortgage finance industry. Guild's 10-K report provided a detailed description of the components of its revenue and expenses, including loan origination fees, gain on sale of loans, net, loan servicing and other fees, interest income, interest expense, and other income, net. The company also outlined its expenses, such as salaries, incentive compensation, and benefits, general and administrative expenses, occupancy, equipment, and communication costs, as well as depreciation and amortization.

Following these announcements, the company's shares moved 2.5%, and are now trading at a price of $13.43. Check out the company's full 10-K submission here.

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