loanDepot Announces First Quarter 2024 Financial Results
loanDepot, Inc. Class A (LDI)
Company Research
Source: Business Wire
Positive revenue and cost momentum partially offset by the impact of January cyber incident.Year-over year highlights:Revenue increased $15 million or 7% to $223 million primarily driven by higher servicing income and pull through weighted gain on sale margin, partially offset by revenue loss due to the cyber incident.Expenses decreased $7 million or 2% to $308 million primarily from lower personnel and marketing costs. Company incurred $15 million of net charges directly related to cyber incident during the quarter.Net loss decreased 22% to $72 million.Adjusted net loss decreased 35% to $38 million.Maintained strong liquidity profile with cash balance of $604 million. IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI), (together with its subsidiaries, “loanDepot” or the “Company”), a leading provider of lending solutions that make the American dream of homeownership more accessible and achievable for all, today announced results for the first quarter ended March 31, 2024
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LDI
Earnings
- 5/7/24 - Miss
LDI
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 144/A
- 5/15/24 - Form 144
- LDI's page on the SEC website