Guild Holdings Company Quarterly report [Sections 13 or 15(d)]

SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2025

The following table presents the financial performance and results by segment for the three months ended March 31, 2025:


(in thousands)	Origination		Servicing		Total Segments		All Other		Total
Revenue
Loan origination fees and gain on sale of loans, net	$	184,161	$	1,052	$	185,213	$	—	$	185,213
Gain on reverse mortgage loans held for investment and HMBS-related borrowings, net	2,915		—		2,915		—		2,915
Loan servicing and other fees	—		72,751		72,751		—		72,751
Valuation adjustment of mortgage servicing rights	—		(69,936)		(69,936)		—		(69,936)
Interest income	18,478		9,967		28,445		649		29,094
Interest expense	(15,475)		(855)		(16,330)		(5,749)		(22,079)
Other income, net	522		1		523		5		528
Net revenue	190,601		12,980		203,581		(5,095)		198,486
Expenses
Salaries, incentive compensation and benefits	149,921		10,172		160,093		13,119		173,212
General and administrative	21,573		3,720		25,293		3,860		29,153
Occupancy, equipment and communication	18,542		1,142		19,684		2,036		21,720
Depreciation and amortization	3,421		133		3,554		93		3,647
Provision for foreclosure losses	—		2,378		2,378		—		2,378
Total expenses	193,457		17,545		211,002		19,108		230,110
Income tax benefit	—		—		—		(7,665)		(7,665)
Net loss	$	(2,856)	$	(4,565)	$	(7,421)	$	(16,538)	$	(23,959)

The following table presents the financial performance and results by segment for the three months ended March 31, 2024:


(in thousands)	Origination		Servicing		Total Segments		All Other		Total
Revenue
Loan origination fees and gain on sale of loans, net	$	133,664	$	396	$	134,060	$	—	$	134,060
Gain on reverse mortgage loans held for investment and HMBS-related borrowings, net	3,230		—		3,230		—		3,230
Loan servicing and other fees	—		65,788		65,788		—		65,788
Valuation adjustment of mortgage servicing rights	—		20,778		20,778		—		20,778
Interest income	13,231		11,148		24,379		349		24,728
Interest expense	(12,567)		(692)		(13,259)		(3,282)		(16,541)
Other income (expense), net	364		22		386		(647)		(261)
Net revenue	137,922		97,440		235,362		(3,580)		231,782
Expenses
Salaries, incentive compensation and benefits	121,105		8,145		129,250		10,817		140,067
General and administrative	20,548		3,862		24,410		4,801		29,211
Occupancy, equipment and communication	16,935		966		17,901		1,914		19,815
Depreciation and amortization	3,491		141		3,632		122		3,754
Provision for foreclosure losses	—		392		392		—		392
Total expenses	162,079		13,506		175,585		17,654		193,239
Income tax expense	—		—		—		10,143		10,143
Net (loss) income	$	(24,157)	$	83,934	$	59,777	$	(31,377)	$	28,400