Investor Presentaiton
3Q 2023 Preliminary Results
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Mortgage Finance
Mortgage pre-tax income of $26 million
-
Noninterest expense down $10 million YoY, reflecting the benefit
of partnership DTC origination model
Direct-to-Consumer (DTC) originations of $267 million,
down 49% YoY, reflective of current environment
Over 50% of 3Q '23 originations from existing depositors
highlights the strong customer value proposition of
complementary product enhancing the OneAlly
experience
Continued focus on customer digital experience and
operational efficiency
Direct-to-Consumer Originations
($ billions)
Key Financials ($ millions)
Inc / (Dec) v.
3Q 23
2Q 23
3Q 22
Net financing revenue
$
53
$
$
(4)
Total other revenue
4
(3)
Total net revenue
$
57
57
$
E
$
(7)
Provision for credit losses
(2)
(2)
(4)
Noninterest expense (1)
33
(4)
(10)
$
26
$
5
$
7
$ 18,745
$
(252)
$ (1,117)
Mortgage Finance HFI Portfolio
3Q 23
2Q 23
3Q 22
Net Carry Value ($ billions)
$
18.6
$ 18.9
$
19.7
53.1%
54.5%
54.2%
782
782
780
Pre-tax income
Total assets (EOP)
Wtd. Avg. LTV/CLTV (2)
Refreshed FICO
Held-for-Investment Assets
$0.5
($ billions)
$19.7
$19.4
$19.2
$18.9
$18.6
$9.2
$9.1
$9.0
$8.9
$8.9
DTC
$0.3
$0.3
$0.2
$0.2
$10.5
$10.3
$10.2
Bulk
$9.9
$9.8
3Q 22
4Q 22
1Q 23
2Q 23
3Q 23
Bulk
3Q 22
4Q 22
1Q 23
2Q 23
3Q 23
$1.1
$0.02
$0.00
$0.01
$0.01
See page 39 for footnotes.
ally do it right.
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