LoanDepot reports Q4 EPS (10c), consensus (2c)

Reports Q4 revenue $310M, consensus $335.45M. “In the fourth quarter we originated the most volume since 2022, gained share in an expanding market and achieved a 71% recapture rate from our in-house servicing platform,” said Founder and Chief Executive Officer Anthony Hsieh. “These results reflect progress in our return to the core competencies that enabled the scaling to become the 2nd largest retail lender nationally during our first decade. Behind the scenes, we remained focused on reducing unit costs through operating leverage and automation, while investing in our marketing engine to drive more opportunities to the top of the funnel.”