Group 1 - Class Action Attorney Juan Monteverde with Monteverde & Associates PC is investigating Guild Holdings Company (NYSE: GHLD) regarding its proposed sale to Gulf MSR Holdco, LLC, where shareholders are set to receive $20.00 in cash per share [1] - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has a successful track record in recovering millions for shareholders [1][2] - The firm operates from the Empire State Building in New York City and offers free consultations for shareholders with concerns about the transaction [1][2] Group 2 - The firm emphasizes its national presence and successful litigation history, including cases in trial and appellate courts, such as the U.S. Supreme Court [2] - Shareholders of Guild Holdings Company are encouraged to reach out for additional information regarding the investigation and the fairness of the proposed deal [1][2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR San Diego, California 92111 (Address of principal executive offices) (Zip Code) ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in its Charter) _______________ (State or other jurisdiction of incorpor ...

Guild Holdings Company (GHLD) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +53.49%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.35, delivering a surprise of +105.88%. Over the last four quarters, ...

Executive Summary & Company Overview [Second Quarter 2025 Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) Guild Holdings Company reported strong Q2 2025 results, achieving its best adjusted net income, adjusted EBITDA, and adjusted return on average equity since 2021. The company saw significant origination growth both quarter-over-quarter and year-over-year, with a strong focus on purchase business - Guild delivered its best **adjusted net income**, **adjusted EBITDA**, and **adjusted return on average equity** since 2021, despite a constrained market[3](index=3&type=chunk) | Metric | 2Q'25 | 1Q'25 | 2Q'24 | | :---------------------------------- | :------ | :------ | :------ | | Total originations | $7,500M | $5,200M | $6,500M | | Net revenue | $279.4M | $198.5M | $285.7M | | Net income attributable to Guild | $18.7M | ($23.9M) | $37.6M | | Adjusted net income | $41.4M | $21.6M | $30.7M | | Adjusted EBITDA | $58.0M | $36.4M | $41.6M | | Adjusted return on average equity | 13.7% | 7.0% | 10.1% | - Origination growth was **44% quarter-over-quarter** and **15% year-over-year**[3](index=3&type=chunk) - **89% of closed loan origination volume** came from purchase business, significantly higher than the MBA industry estimate of **67%**[3](index=3&type=chunk)[4](index=4&type=chunk) [Company Profile](index=3&type=section&id=Company%20Profile) Guild Holdings Company, through its subsidiary Guild Mortgage Company, is a nationally recognized independent mortgage lender established in 1960. It operates across 49 states and D.C., focusing on a relationship-based loan sourcing strategy to deliver homeownership, specializing in government-sponsored and other specialized loan programs - Founded in **1960**, Guild Mortgage Company is a nationally recognized independent mortgage lender[17](index=17&type=chunk) - Employs a relationship-based loan sourcing strategy to deliver homeownership in **49 states and the District of Columbia**[17](index=17&type=chunk) - Specializes in government-sponsored programs (FHA, VA, USDA) and other specialized loan programs[17](index=17&type=chunk) Financial Performance [Consolidated Financial Highlights](index=2&type=section&id=Consolidated%20Financial%20Highlights) Guild Holdings Company reported a significant turnaround in Q2 2025, moving from a net loss in Q1 2025 to a net income of $18.7 million. Adjusted metrics showed strong quarter-over-quarter and year-over-year growth, reflecting improved operational efficiency and a growing servicing portfolio | Metric | 2Q'25 | 1Q'25 | 2Q'24 | YTD'25 | YTD'24 | | :---------------------------------- | :------ | :------ | :------ | :------- | :------- | | Total originations | $7,474.8M | $5,204.6M | $6,525.9M | $12,679.4M | $10,378.4M | | Net revenue | $279.4M | $198.5M | $285.7M | $477.9M | $517.5M | | Net income (loss) attributable to Guild | $18.7M | ($23.9M) | $37.6M | ($5.2M) | $66.1M | | Adjusted net income | $41.4M | $21.6M | $30.7M | $63.1M | $38.8M | | Adjusted EBITDA | $58.0M | $36.4M | $41.6M | $94.4M | $57.5M | | Adjusted return on average equity | 13.7% | 7.0% | 10.1% | 10.2% | 6.4% | - Servicing portfolio unpaid principal balance (UPB) grew to **$96.3 billion** as of June 30, 2025, up from **$94.0 billion** in Q1 2025 and **$89.1 billion** in Q2 2024[3](index=3&type=chunk)[6](index=6&type=chunk) [Origination Segment Results](index=2&type=section&id=Origination%20Segment%20Results) The origination segment achieved a net income of $23.4 million in Q2 2025, a significant improvement from losses in the prior two quarters, driven by a substantial increase in total originations. Gain on sale margins saw a quarter-over-quarter decrease but a slight year-over-year increase | Metric | 2Q'25 | 1Q'25 | 2Q'24 | YTD'25 | YTD'24 | | :---------------------------------- | :------ | :------ | :------ | :------- | :------- | | Total originations | $7,474.8M | $5,204.6M | $6,525.9M | $12,679.4M | $10,378.4M | | Net income (loss) allocated to origination | $23.4M | ($2.9M) | ($3.1M) | $20.5M | ($27.3M) | | Gain on sale margin on originations (bps) | 329 | 376 | 326 | 349 | 340 | | Total pull-through adjusted locked volume | $7.5 billion | $5.9 billion | $6.5 billion | $13.4 billion | $11.1 billion | - Origination segment net income was **$23.4 million** in Q2 2025, compared to a net loss of **$2.9 million** in Q1 2025 and **$3.1 million** in Q2 2024[7](index=7&type=chunk)[8](index=8&type=chunk) - Gain on sale margins on originations decreased **47 bps quarter-over-quarter** but increased **3 bps year-over-year** to **329 bps**[7](index=7&type=chunk) [Servicing Segment Results](index=2&type=section&id=Servicing%20Segment%20Results) The servicing segment achieved a net income of $27.3 million in Q2 2025, a significant recovery from a net loss in Q1 2025, despite a substantial MSR valuation adjustment loss due to interest rate volatility. The company maintained strong refinance and purchase recapture rates | Metric | 2Q'25 | 1Q'25 | 2Q'24 | YTD'25 | YTD'24 | | :---------------------------------- | :------ | :------ | :------ | :------- | :------- | | Net income (loss) allocated to servicing | $27.3M | ($4.6M) | $69.5M | $22.8M | $153.5M | | UPB of servicing portfolio (period end) | $96,275.8M | $94,005.7M | $89,092.9M | $96,275.8M | $89,092.9M | | Valuation adjustment of MSRs | ($41.3M) | ($69.9M) | $2.1M | ($111.2M) | $22.9M | | Loan servicing and other fees | $72.7M | $72.8M | $67.7M | $145.5M | $133.5M | - The Company retained mortgage servicing rights (MSRs) for **61% of total loans sold** in Q2 2025[9](index=9&type=chunk) - Refinance recapture rate was strong at **37%** in Q1 2025, and purchase recapture rate was **27%** in Q2 2025[10](index=10&type=chunk) [Shareholder Returns & Capital Management](index=3&type=section&id=Shareholder%20Returns%20%26%20Capital%20Management) [Share Repurchase Program](index=3&type=section&id=Share%20Repurchase%20Program) Guild repurchased 61,221 shares of Class A common stock in Q2 2025, terminating the program due to a pending merger agreement - Repurchased and retired **61,221 shares of Class A common stock** at an average price of **$13.24 per share** during Q2 2025[12](index=12&type=chunk) - The share repurchase plan was terminated on **June 18, 2025**, due to a pending merger agreement with Gulf MSR HoldCo, LLC[12](index=12&type=chunk) [Dividends](index=3&type=section&id=Dividends) Guild declared a special cash dividend of $0.25 per share on Class A and Class B common stock, payable on September 2, 2025 - Declared a special cash dividend of **$0.25 per share** on Class A and Class B common stock on **August 6, 2025**[13](index=13&type=chunk) - The dividend is payable on **September 2, 2025**, to stockholders of record as of **August 18, 2025**[13](index=13&type=chunk) [Balance Sheet and Liquidity](index=3&type=section&id=Balance%20Sheet%20and%20Liquidity) As of June 30, 2025, Guild maintained a solid liquidity position with $107.4 million in cash and significant unutilized loan funding and MSR lines of credit. Total stockholders' equity saw a slight decrease from the end of 2024 | Metric | June 30, 2025 | December 31, 2024 | | :---------------------------------- | :------------ | :---------------- | | Cash and cash equivalents | $107.4M | $118.2M | | Mortgage servicing rights, at fair value | $1,303.6M | $1,343.8M | | Warehouse lines of credit, net | $1,670.3M | $1,414.6M | | Total stockholders' equity | $1,218.1M | $1,254.0M | | Tangible net book value per share | $16.01 | $16.59 | - Unutilized loan funding capacity was **$1.1 billion**, and unutilized MSR lines of credit were **$315.0 million**[14](index=14&type=chunk) - The Company's leverage ratio was **2.0x** as of June 30, 2025[14](index=14&type=chunk) Financial Statements [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to $5,033.6 million, primarily driven by an increase in mortgage loans held for sale. Total liabilities also rose, while total stockholders' equity experienced a slight decrease compared to December 31, 2024 | Item | Jun 30, 2025 (in thousands) | Dec 31, 2024 (in thousands) | | :---------------------------------- | :-------------------------- | :-------------------------- | | Total assets | $5,033,555 | $4,768,303 | | Mortgage loans held for sale, at fair value | $1,821,187 | $1,523,447 | | Mortgage servicing rights, at fair value | $1,303,599 | $1,343,829 | | Total liabilities | $3,815,457 | $3,514,293 | | Warehouse lines of credit, net | $1,670,303 | $1,414,563 | | Total stockholders' equity | $1,218,098 | $1,254,010 | [Condensed Consolidated Statements of Operations](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q2 2025, Guild reported net revenue of $279.4 million and net income attributable to Guild of $18.7 million, a significant improvement from a net loss in the prior quarter. Year-to-date, the company recorded a net loss, largely influenced by Q1 performance and MSR valuation adjustments | Metric | Three Months Ended Jun 30, 2025 | Three Months Ended Mar 31, 2025 | Three Months Ended Jun 30, 2024 | Six Months Ended Jun 30, 2025 | Six Months Ended Jun 30, 2024 | | :---------------------------------- | :------------------------------ | :------------------------------ | :------------------------------ | :---------------------------- | :---------------------------- | | Net revenue | $279,445 | $198,486 | $285,685 | $477,931 | $517,467 | | Net income (loss) attributable to Guild | $18,661 | ($23,897) | $37,583 | ($5,236) | $66,081 | | Loan origination fees and gain on sale of loans, net | $236,001 | $185,213 | $205,848 | $421,214 | $339,908 | | Valuation adjustment of mortgage servicing rights | ($41,313) | ($69,936) | $2,134 | ($111,249) | $22,912 | | Basic EPS | $0.30 | ($0.39) | $0.61 | ($0.08) | $1.08 | | Diluted EPS | $0.30 | ($0.39) | $0.60 | ($0.08) | $1.06 | Key Performance Indicators [Key Performance Indicators Summary](index=9&type=section&id=Key%20Performance%20Indicators%20Summary) Guild's key performance indicators for Q2 2025 demonstrate robust origination growth, with total originations reaching $7.5 billion. The company maintained a high percentage of purchase originations and significantly improved its refinance recapture rate, reflecting effective business strategies | Metric | Jun 30, 2025 | Mar 31, 2025 | Jun 30, 2024 | YTD Jun 30, 2025 | YTD Jun 30, 2024 | | :---------------------------------- | :----------- | :----------- | :----------- | :--------------- | :--------------- | | Total originations ($ thousands) | $7,474,794 | $5,204,565 | $6,525,898 | $12,679,359 | $10,378,437 | | Total originations (units) | 21.4 | 15.3 | 19.2 | 36.7 | 31.1 | | Gain on sale margin (bps) | 329 | 376 | 326 | 349 | 340 | | Purchase recapture rate | 27% | 26% | 27% | 27% | 27% | | Refinance recapture rate | 37% | 31% | 22% | 35% | 25% | | Purchase origination % | 89% | 88% | 92% | 88% | 92% | | UPB (period end) ($ thousands) | $96,275,766 | $94,005,693 | $89,092,933 | $96,275,766 | $89,092,933 | | Loans serviced (000's) (period end) | 381 | 373 | 358 | 381 | 358 | - Total originations increased by **44% quarter-over-quarter** and **15% year-over-year**[3](index=3&type=chunk)[37](index=37&type=chunk) - The refinance recapture rate improved significantly to **37%** in Q2 2025 from **31%** in Q1 2025 and **22%** in Q2 2024[37](index=37&type=chunk) Non-GAAP Financial Measures & Reconciliations [Non-GAAP Definitions](index=6&type=section&id=Non-GAAP%20Definitions) This section provides definitions for Guild's non-GAAP financial measures, including Adjusted Net Income, Adjusted Earnings Per Share, Adjusted EBITDA, Adjusted Return on Average Equity, and Tangible Net Book Value Per Share. These metrics are used to offer a clearer view of core operating performance by excluding non-cash or non-recurring items - Adjusted Net Income excludes non-cash items like MSR fair value changes, contingent liability changes, amortization of acquired intangibles, stock-based compensation, and merger-related expenses, adjusted for tax[24](index=24&type=chunk) - Adjusted EBITDA adjusts net income for interest expense on non-funding debt, taxes, depreciation & amortization, non-controlling interests, and the same non-cash/non-recurring items as Adjusted Net Income[26](index=26&type=chunk) - Tangible Net Book Value Per Share is calculated by subtracting goodwill and intangible assets from total stockholders' equity attributable to Guild[28](index=28&type=chunk) [GAAP to Non-GAAP Reconciliations](index=10&type=section&id=GAAP%20to%20Non-GAAP%20Reconciliations) [Adjusted Net Income and EPS Reconciliation](index=10&type=section&id=Adjusted%20Net%20Income%20and%20EPS%20Reconciliation) GAAP net income and EPS are reconciled to adjusted non-GAAP figures, detailing MSR fair value changes and merger-related expenses | Metric | Three Months Ended Jun 30, 2025 | Three Months Ended Mar 31, 2025 | Three Months Ended Jun 30, 2024 | Six Months Ended Jun 30, 2025 | Six Months Ended Jun 30, 2024 | | :---------------------------------- | :------------------------------ | :------------------------------ | :------------------------------ | :---------------------------- | :---------------------------- | | Net income (loss) attributable to Guild | $18.7 | ($23.9) | $37.6 | ($5.2) | $66.1 | | Change in fair value of MSRs due to model inputs and assumption | 19.5 | 55.0 | (20.6) | 74.5 | (53.5) | | Merger-related expenses | 4.4 | — | — | 4.4 | — | | Tax impact of adjustments | (7.2) | (15.3) | 2.4 | (22.5) | 9.4 | | Adjusted net income | $41.4 | $21.6 | $30.7 | $63.1 | $38.8 | | Earnings (loss) per share—Diluted | $0.30 | ($0.39) | $0.60 | ($0.08) | $1.06 | | Adjusted earnings per share—Diluted | $0.66 | $0.35 | $0.49 | $1.01 | $0.62 | - Q2 2025 GAAP net income of **$18.7 million** was adjusted to **$41.4 million**, primarily by adding back MSR fair value changes and merger-related expenses, net of tax[40](index=40&type=chunk) [Adjusted EBITDA Reconciliation](index=11&type=section&id=Adjusted%20EBITDA%20Reconciliation) GAAP net income is reconciled to Adjusted EBITDA, adjusting for non-funding interest, taxes, depreciation, MSR valuation, and merger-related items | Metric | Three Months Ended Jun 30, 2025 | Three Months Ended Mar 31, 2025 | Three Months Ended Jun 30, 2024 | Six Months Ended Jun 30, 2025 | Six Months Ended Jun 30, 2024 | | :---------------------------------- | :------------------------------ | :------------------------------ | :------------------------------ | :---------------------------- | :---------------------------- | | Net income (loss) | $18.7 | ($24.0) | $37.6 | ($5.3) | $66.0 | | Interest expense on non-funding debt | 6.1 | 5.7 | 4.7 | 11.9 | 8.0 | | Income tax expense (benefit) | 1.9 | (7.7) | 6.9 | (5.8) | 17.1 | | Depreciation and amortization | 3.6 | 3.6 | 4.0 | 7.3 | 7.7 | | Change in fair value of MSRs due to model inputs and assumptions | 19.5 | 55.0 | (20.6) | 74.5 | (53.5) | | Merger-related expenses | 4.4 | — | — | 4.4 | — | | Adjusted EBITDA | $58.0 | $36.4 | $41.6 | $94.4 | $57.5 | - Q2 2025 GAAP net income of **$18.7 million** was reconciled to an Adjusted EBITDA of **$58.0 million**, reflecting adjustments for non-funding interest, taxes, depreciation, MSR valuation, and merger-related expenses[42](index=42&type=chunk) [Adjusted Return on Average Equity Reconciliation](index=11&type=section&id=Adjusted%20Return%20on%20Average%20Equity%20Reconciliation) GAAP return on average equity is reconciled to its adjusted non-GAAP counterpart, reflecting the impact of non-GAAP adjustments on net income | Metric | Jun 30, 2025 | Mar 31, 2025 | Jun 30, 2024 | YTD Jun 30, 2025 | YTD Jun 30, 2024 | | :---------------------------------- | :----------- | :----------- | :----------- | :--------------- | :--------------- | | Net income (loss) attributable to Guild | $18.7 | ($23.9) | $37.6 | ($5.2) | $66.1 | | Adjusted net income | $41.4 | $21.6 | $30.7 | $63.1 | $38.8 | | Return on average equity | 6.2% | (7.8%) | 12.3% | (0.8%) | 11.0% | | Adjusted return on average equity | 13.7% | 7.0% | 10.1% | 10.2% | 6.4% | - The GAAP return on average equity of **6.2%** for Q2 2025 was adjusted to **13.7%**, reflecting the impact of non-GAAP adjustments on net income[43](index=43&type=chunk) [Tangible Net Book Value Per Share Reconciliation](index=12&type=section&id=Tangible%20Net%20Book%20Value%20Per%20Share%20Reconciliation) GAAP book value per share is reconciled to tangible net book value per share by subtracting goodwill and intangible assets | Metric | Jun 30, 2025 | Dec 31, 2024 | | :---------------------------------- | :----------- | :----------- | | Total stockholders' equity attributable to Guild | $1,217.7M | $1,253.5M | | Goodwill | ($198.7M) | ($198.7M) | | Intangible assets, net | ($22.8M) | ($27.3M) | | Tangible common equity | $996.1M | $1,027.5M | | Book value per share | $19.57 | $20.24 | | Tangible net book value per share | $16.01 | $16.59 | - As of June 30, 2025, the GAAP book value per share of **$19.57** was adjusted to a tangible net book value per share of **$16.01** after subtracting goodwill and intangible assets[45](index=45&type=chunk) Additional Information [Webcast and Conference Call](index=3&type=section&id=Webcast%20and%20Conference%20Call) Guild Holdings Company announced that it will not host a conference call in conjunction with this quarterly earnings release due to a pending merger agreement - No conference call will be hosted for this quarterly earnings release[16](index=16&type=chunk) - The decision is due to the pending Merger Agreement with Gulf MSR HoldCo, LLC[16](index=16&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This section contains a standard disclaimer, indicating that forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially. Key risks include market conditions, regulatory changes, interest rate fluctuations, and factors related to the pending merger - Forward-looking statements reflect current expectations and judgments about future events and financial performance[20](index=20&type=chunk) - Important factors that could cause actual results to differ materially include disruptions in the secondary home loan market, changes in macroeconomic conditions, regulatory environment changes, interest rate fluctuations, and risks related to the pending Merger[21](index=21&type=chunk) - The company undertakes no obligation to update any forward-looking statement unless required by law[22](index=22&type=chunk) [Contacts](index=4&type=section&id=Contacts) This section provides contact information for investor relations and media inquiries for Guild Holdings Company - Investors can contact investors@guildmortgage.net or **858-956-5130**[19](index=19&type=chunk) - Media inquiries can be directed to Melissa Rue at mkr@nstpr.com or **619-296-0605 Ext. 247**[19](index=19&type=chunk)

Core Viewpoint - The article highlights the importance of value investing and identifies Guild (GHLD) and Synchrony Financial (SYF) as strong value stock picks based on their financial metrics and Zacks Rank ratings [4][8]. Group 1: Guild (GHLD) - GHLD has a Zacks Rank of 1 (Strong Buy) and an A for Value, indicating strong potential for value investors [4]. - The stock's P/E ratio is 7.97, significantly lower than the industry average of 18.71, suggesting it may be undervalued [4]. - GHLD's PEG ratio is 0.75, compared to the industry's average of 1.07, indicating favorable growth expectations relative to its price [5]. - The P/S ratio for GHLD is 0.89, while the industry average is 1.81, further supporting the notion of undervaluation [6]. - GHLD's P/CF ratio stands at 10.63, compared to the industry's average of 21.04, reflecting a strong cash flow outlook [7]. Group 2: Synchrony Financial (SYF) - SYF is rated 2 (Buy) with a Value Score of A, making it another attractive option for value investors [8]. - The Forward P/E ratio for SYF is 7.28, significantly lower than the industry average of 18.71, indicating potential undervaluation [8]. - SYF's PEG ratio is 0.58, which is also lower than the industry average of 1.07, suggesting strong growth prospects relative to its price [8]. - The P/B ratio for SYF is 1.47, compared to the industry's price-to-book ratio of 3.49, indicating a favorable valuation [9].

Core Viewpoint - The article highlights the importance of value investing and presents Guild (GHLD) and Orix Corp Ads (IX) as strong value stock picks based on various financial metrics. Group 1: Guild (GHLD) - GHLD has a Zacks Rank of 2 (Buy) and an A for Value, with a Forward P/E ratio of 7.92, significantly lower than the industry average of 17.37 [4] - The PEG ratio for GHLD is 0.74, compared to the industry's average PEG of 1.03, indicating potential undervaluation [5] - GHLD's P/S ratio stands at 0.82, while the industry average is 1.72, suggesting a more favorable valuation based on sales [6] - The P/CF ratio for GHLD is 6.25, compared to the industry's average of 15.27, further supporting the notion of undervaluation [7] Group 2: Orix Corp Ads (IX) - IX is rated 1 (Strong Buy) with a Value score of A, currently trading at a forward earnings multiple of 7.74 [8] - The PEG ratio for IX is 0.78, which is lower than the industry's average of 1.03, indicating strong value potential [8] - IX has a P/B ratio of 0.83, significantly lower than the industry's price-to-book ratio of 3.32, reinforcing its undervalued status [9] - Over the past year, IX's P/E has fluctuated between 7.34 and 11.39, with a median of 9.32, indicating stable valuation metrics [9] Group 3: Overall Value Assessment - Both GHLD and IX exhibit strong value characteristics based on their financial metrics, suggesting they are likely undervalued at present [10]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-39645 GUILD HOLDINGS COMPANY (Exact Name of Registrant as Specified in its Charter) _______________ ...

Core Viewpoint - Guild Holdings Company (GHLD) reported quarterly earnings of $0.35 per share, significantly exceeding the Zacks Consensus Estimate of $0.17 per share, marking an earnings surprise of 105.88% [1][2] Financial Performance - The company posted revenues of $198.49 million for the quarter ended March 2025, which fell short of the Zacks Consensus Estimate by 7.08% and decreased from $231.78 million year-over-year [2] - Over the last four quarters, Guild has surpassed consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance - Guild shares have declined approximately 12.1% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $303.32 million, and for the current fiscal year, it is $1.60 on revenues of $1.2 billion [7] - The estimate revisions trend for Guild is currently favorable, which may influence future stock movements [6][5] Industry Context - The Financial - Miscellaneous Services industry, to which Guild belongs, is ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Guild's stock may be affected by the overall outlook for the industry [8]

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved total loan originations of $5.2 billion, a 35% increase year-over-year from $3.9 billion in Q1 2024 [4][13] - Adjusted EBITDA was reported at $36.4 million, with adjusted net income of $21.6 million, showcasing the effectiveness of the company's growth strategy [4][13] - The net loss attributable to the company was $24 million, compared to a net income of $28 million in the prior year [13][15] Business Line Data and Key Metrics Changes - The origination segment saw a net loss of $3 million, an improvement from a net loss of $24 million in the prior year [13][15] - The servicing portfolio grew to $94 billion, although it reported a net loss of $5 million due to a downward valuation adjustment of $70 million [15][16] - Gain on sale margin for funded originations was 376 basis points, up from 364 basis points in the prior year [14] Market Data and Key Metrics Changes - The company noted a significant increase in loan officer productivity, with Guild loan officers averaging 30% more productivity than the industry average [10][38] - The company is focusing on capturing market share, particularly in the purchase business, which remains a significant opportunity [8][32] Company Strategy and Development Direction - The company aims to leverage its balanced business model and brand strength to drive growth, focusing on market share gains, operational efficiencies, and new product development [7][8] - The strategy includes a continued emphasis on organic growth and opportunistic acquisitions, with a disciplined approach to increasing productivity [12][38] - The company is well-positioned to navigate market volatility and capitalize on opportunities as they arise [8][18] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the peak spring and summer home purchase market, highlighting strong early results [11][12] - The company anticipates continued market volatility but believes its business model is adaptable to various market conditions [8][18] - Management emphasized the importance of local presence and trust in customer relationships, particularly for first-time homebuyers [32] Other Important Information - The company repurchased approximately 35,000 shares at an average price of $12.94 per share during the first quarter [17] - A special cash dividend of $0.50 per share was declared and paid on the company's common stock [17] Q&A Session Summary Question: Amortization expense on MSR and modeling going forward - Management noted that prepayments were down quarter-over-quarter, impacting the amortization expense [21][22] Question: Impact of ROCCAT acquisition of Redfin and Mr. Cooper - Management stated that they are focused on engaging customers earlier in the process and emphasized the importance of local presence [30][32] Question: Thoughts on growth going forward, organic vs. acquisition - Management indicated that organic growth has been stronger than M&A in the first half of the year, but both avenues are being pursued [36][38] Question: Loan officer compensation rules and impact on margins - Management confirmed that there have been no changes to loan officer compensation and that they will comply with new regulations [42][43] Question: Home prices and tariffs effect on housing values - Management stated that the impact of tariffs on construction costs is still uncertain, but home values have remained stable in some markets [44][45]

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved total loan originations of $5.2 billion, a 35% increase year-over-year from $3.9 billion in Q1 2024, but a decrease from $6.7 billion in Q4 2024 [12] - Net revenue for Q1 2025 was $198 million, down from $232 million in the prior year and $373 million in the previous quarter [12] - The company reported a net loss of $24 million in Q1 2025, compared to a net income of $28 million in Q1 2024 and a net income of $98 million in Q4 2024 [12] - Adjusted net income was $22 million, or $0.35 per diluted share, with adjusted EBITDA at $36 million [12] Business Line Data and Key Metrics Changes - The origination segment saw a net loss of $3 million in Q1 2025, an improvement from a net loss of $24 million in the prior year [12] - The gain on sale margin for Q1 2025 was 376 basis points, up from 364 basis points in Q1 2024 and 317 basis points in Q4 2024 [13] - The servicing portfolio grew to $94 billion, but the segment reported a net loss of $5 million compared to a net income of $84 million in the prior year [14] Market Data and Key Metrics Changes - The company has more than doubled its loan officer headcount since the end of 2020, contributing to its growth in originations [4] - The company is seeing strong early results in serving first-time homebuyers through educational events across major markets in the U.S. [10] Company Strategy and Development Direction - The company focuses on a balanced business model, emphasizing market share gains, operational efficiencies, and organic growth through recruiting and acquisitions [5][7] - The strategy includes leveraging a servicing book for stability and cash flow, and pursuing opportunistic acquisitions [5][6] - The company aims to capitalize on market volatility while maintaining a disciplined approach to growth [7] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued market volatility but believes the company is well-positioned for success due to its durable business model [5][7] - The outlook for the peak spring and summer home purchase market is cautiously optimistic, with a focus on community-driven origination teams [10] - Management remains confident in the company's strategic direction despite market challenges [11] Other Important Information - As of March 31, cash and cash equivalents totaled $112 million, with unutilized loan funding capacity at $1.5 billion [15] - The company repurchased approximately 35,000 shares at an average price of $12.94 per share during Q1 2025 [16] - A special cash dividend of $0.50 per share was declared and paid during the quarter [16] Q&A Session Summary Question: Amortization expense on the MSR - The amortization expense was down sharply, attributed to lower prepayments and a service release percentage of 40% [19][21] Question: Impact of ROCCAT acquisition of Redfin and Mr. Cooper - The company is focused on engaging customers earlier in the process and believes its local presence and expertise remain strong [28][30] Question: Growth outlook for organic vs. acquisition - The company is seeing stronger organic growth compared to M&A in the first half of the year, with a strong brand presence aiding both strategies [33][35] Question: Loan officer compensation rules - The company has not changed its loan officer compensation and does not foresee significant impacts from regulatory changes [40][42] Question: Home prices and tariffs impact - The company is monitoring the effects of tariffs on construction costs and home values, but does not expect significant impacts on volume [43][44]