EX-99.1 2 ex99-1.htm Exhibit 99.1 Onity Group Inc. ONITY GROUP ANNOUNCES FULL-YEAR AND FOURTH QUARTER 2024 RESULTS West Palm Beach, FL - (February 13, 2025) - Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced its full-year and fourth quarter 2024 results and provided a business update. Full-Year 2024: Net income attributable to common stockholders of $33 million, highest since 2013; diluted EPS of $4.13; return on equity (“ROE”) of 8% Adjusted pre-tax income* of $90 million, resulting in adjusted ROE* of 20% $86 billion in total servicing additions ($47 billion in subservicing additions) Book value per share improved $4 year-over-year to $56 as of December 31, 2024 Reduced corporate debt by $145 million; debt-to-equity ratio of 2.96 to 1 Fourth Quarter 2024: Net loss attributable to common stockholders of $29 million; diluted EPS of ($3.63); ROE of (25%); includes previously disclosed $41 million of net corporate debt restructuring charges Adjusted pre-tax income* of $11 million, resulting in annualized adjusted ROE* of 10% $25 billion in total servicing additions ($8 billion in subservicing additions) Successfully exe…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Onity Group Inc.
ONITNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 13, 2025, Onity Group Inc. (together with its wholly-owned subsidiaries including PHH Mortgage Corporation, “Onity” or the “Company”) issued a press release announcing results for the fourth quarter and the year ended December 31, 2024 and providing a business update.…
Company context
Onity Group Inc. (NYSE: ONIT) is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to consumers and business clients. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988. For additional information, please visit onitygroup.com.