Fri, Mar 7, 10:05 PM (50 days ago)
Guild Holdings Company (NYSE: GHLD) reported strong financial performance for the year ending December 31, 2024, with total mortgage loan originations of $24.0 billion, a significant increase from $15.3 billion in 2023. The company generated net income of $97.1 million, a turnaround from a net loss of $39.0 million the previous year, leading to diluted earnings per share of $1.56 compared to a loss per share of $0.64 in 2023. Operating expenses rose to $930.7 million, reflecting increased payroll and general administrative costs due to higher origination volumes. Guild's servicing portfolio grew to $93.0 billion, up from $85.0 billion, supported by a robust recapture strategy, with an overall recapture rate of 35%. The company expanded its market presence through strategic acquisitions, including Academy Mortgage. However, risks remain, including dependence on government-sponsored entities and sensitivity to interest rate fluctuations. Looking ahead, Guild expects continued growth in 2025, driven by a favorable market outlook, despite challenges in housing affordability and competition. The company maintains a healthy financial condition with compliance to regulatory capital requirements and liquidity metrics.