Redwood Trust Reports Q4 EPS of $0.18 vs. $0.26

Redwood Trust, Inc. RWT today reported net income for the fourth quarter of 2010 of $15 million, or $0.18 per fully diluted share. This compares to net income of $20 million, or $0.25 per fully diluted share, for the third quarter of 2010, and net income of $40 million, or $0.51 per fully diluted share, for the fourth quarter of 2009. Redwood also reported an estimated taxable loss of $6 million, or $0.07 per share, during the fourth quarter of 2010. This compares to an estimated taxable loss of $9 million, or $0.11 per share, for the third quarter of 2010, and a taxable loss of $35 million, or $0.44 per share, for the fourth quarter of 2009.