Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results
Ocwen Financial Corporation NEW (OCN)
Last ocwen financial corporation new earnings: 5/2 06:30 am
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US:NYSE Investor Relations:
shareholders.ocwen.com/investor-relations
Company Research
Source: GlobeNewswire
Net loss of $64 million for 2023, driven by $89 million reduction in unrealized MSR value change due to rates and assumptions, net of hedgeAdjusted pre-tax income of $49 million for 2023, driven by strong servicing performanceAchieved GAAP operating expense reduction over $120 million, or 23%, compared to 2022Total liquidity of $242 million as of December 31, 2023, an increase of 10% over December 31, 2022 WEST PALM BEACH, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its full year and fourth quarter 2023 results and provided a business update. The Company reported GAAP net loss of $47 million for the fourth quarter with an adjusted pre-tax income of $11 million (see “Note Regarding Non-GAAP Financial Measures” below). Glen A. Messina, Chair, President and CEO of Ocwen
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News
- Ocwen Financial First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Ocwen Financial (OCN) Tops Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Ocwen Financial Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Ocwen Financial Announces First Quarter 2024 ResultsGlobeNewswire
- Ocwen Financial (OCN) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
OCN
Earnings
- 5/2/24 - Beat
OCN
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/23/24 - Form ARS
- OCN's page on the SEC website