Mr. Cooper Group Reports Strong Q4 Earnings, Exceeding Expectations
COPPELL, Texas - Mr. Cooper Group Inc. (COOP) reported a fourth-quarter profit of $204 million, or $3.13 per share, driven by strong revenue growth and improved operating efficiency.
Adjusted for non-recurring gains, earnings were $2.73 per share, surpassing analysts' estimates of $2.58 per share. Revenue for the quarter reached $654 million, exceeding market expectations of $585.9 million.
"Our solid fourth-quarter results reflect the continued execution of our strategic initiatives and the resilience of our business," said CEO Jay Bray. "We remain focused on driving profitable growth and enhancing value for our shareholders."
For the full year, Mr. Cooper reported a profit of $669 million, or $10.19 per share, with revenue reaching $2.23 billion. The company's robust financial performance solidifies its position as a leading mortgage and real estate services provider.
About Mr. Cooper Group
Mr. Cooper is a leading provider of mortgage loan origination, servicing, and real estate services. The company operates nationwide and serves a diverse customer base.