Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Loan origination fees and gain on sale of loans, net $ 92,651 $ 242,639
Loan servicing and other fees 60,087 53,177
Valuation adjustment of mortgage servicing rights (54,871) 184,601
Interest income 18,245 15,263
Interest expense (12,262) (14,138)
Other income, net 35 220
Net revenue 103,885 481,762
Expenses    
Salaries, incentive compensation and benefits 111,120 187,329
General And Administrative Expense (Recoveries) 20,883 (5,630)
Occupancy, equipment and communication 17,430 18,312
Depreciation and amortization 3,738 3,913
Provision for (reversal of) foreclosure losses 1,514 (321)
Total expenses 154,685 203,603
(Loss) income before income tax expense (50,800) 278,159
Income tax (benefit) expense (13,605) 70,186
Net (loss) income (37,195) 207,973
Net (loss) income attributable to non-controlling interest (5) 15
Net (loss) income attributable to Guild $ (37,190) $ 207,958
Net (loss) income per share attributable to Class A and Class B Common Stock:    
Basic (in dollars per share) $ (0.61) $ 3.41
Diluted (in dollars per share) $ (0.61) $ 3.38
Weighted average shares outstanding of Class A and Class B Common Stock:    
Basic (in shares) 60,900 61,057
Diluted (in shares) 60,900 61,494