Guild Mortgage reports Q2 adjusted EPS 49c, consensus 27c

Reports Q2 revenue $285.7M, consensus $254.22M. “Our second quarter results demonstrate Guild’s highly successful strategy to increase market share, by investing in people and technology, to drive growth in our originations and servicing portfolio. Our continued ability to execute effectively in a challenging market environment is illustrated by our origination volume increasing 69% quarter-over-quarter, compared to 14% for the industry, a strong indicator of our ability to take market share. We are also pleased to produce strong adjusted net income of $30.7 million as we continued to ramp up and integrate the acquisition of Academy Mortgage,” stated Terry Schmidt, Guild Chief Executive Officer. “Additional highlights of the quarter include the launch and integration of our internal, proprietary artificial intelligence model, GuildGPT, with our sales team. Our ongoing technology investments, deep product offerings, extensive customer database, and unwavering commitment to local relationships through origination and servicing, positions the Guild platform to continue to drive organic growth as market conditions improve. We will also maintain our pursuit of selective acquisitions that align with our model and culture, as we seek to deliver meaningful growth and value for our shareholders over time.”