Onity Group Announces Full-Year and Fourth Quarter 2024 Results

Full-Year 2024 Results - Onity Group reported a net income of $33 million, the highest since 2013, with a diluted EPS of$4.13 and an ROE of 8% [7] - Adjusted pre-tax income reached $90 million, resulting in an adjusted ROE of 20$86 billion, with $47 billion in subservicing additions [7] - Book value per share improved by$4 year-over-year to $56 as of December 31, 2024 [7] - Corporate debt was reduced by$145 million, leading to a debt-to-equity ratio of 2.96 to 1 [7] Fourth Quarter 2024 Results - The company reported a net loss attributable to common stockholders of $29 million, with a diluted EPS of ($3.63) and an ROE of (25%) [7] - Adjusted pre-tax income for the fourth quarter was $11 million, resulting in an annualized adjusted ROE of 10$25 billion, with $8 billion in subservicing additions [7] Business Highlights - Funded recapture volume for full-year 2024 increased 2.5 times compared to 2023, with a fourth quarter increase of 4.2 times over the same quarter in 2023 [8] - Originations volume reached$30 billion in 2024, up 33% from 2023, with $10 billion in the fourth quarter, a 72$302 billion as of December 31, 2024, an increase of $13 billion from the previous year [8] - The company maintained total liquidity of$248 million as of December 31, 2024 [8] 2025 Outlook - The CEO expressed confidence in the company's strategy and capabilities, indicating a strong position to accelerate growth and improve returns in 2025 and beyond [4] - Adjusted ROE guidance was increased to a range of 16% - 18% [7]