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Investing.com -- UWM Holdings Corporation (NYSE:UWMC), the parent company of United Wholesale Mortgage, reported second quarter earnings that significantly exceeded analyst expectations, driving shares up 11.9% as investors cheered the company’s strong performance.
The mortgage lender reported adjusted earnings per share of $0.16 for the second quarter, substantially beating the analyst consensus of $0.06. Revenue surged to $758.7 million, well above the $636.08 million analysts had expected and up 21.9% compared to $622.4 million in the same quarter last year. Total (EPA:TTEF) loan origination volume reached $39.7 billion, an increase from $33.6 billion in Q2 2024.
"The second quarter of 2025 was an outstanding quarter for UWM," said Mat Ishbia, Chairman, Chief Executive Officer and President. "I am proud that we delivered our best quarter since 2021, and it wasn’t because of any market tailwinds. It was fantastic both operationally and financially."
The company’s total gain margin improved to 113 basis points in the second quarter, up from 94 basis points in the first quarter and 106 basis points in the same period last year. Purchase originations totaled $27.3 billion, slightly higher than the $27.2 billion reported in Q2 2024.
UWM also provided guidance for the third quarter, projecting production to be in the range of $33 billion to $40 billion, with gain margin between 100 and 125 basis points. The midpoint of this production guidance is $36.5 billion.
The company highlighted several strategic initiatives launched during the quarter, including its AI-powered virtual assistant "Mia" and the LE Optimizer Tool (LEO), which analyzes competitors’ loan estimates to help mortgage brokers win more business.
UWM’s board declared a cash dividend of $0.10 per share on Class A common stock, marking the nineteenth consecutive quarterly dividend. The dividend is payable on October 9, 2025, to stockholders of record as of September 18, 2025.
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