SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

The following is an unaudited summary information on New Residential’s quarterly operations.

2015	Quarter Ended											Year Ended December 31
	March 31			June 30		September 30			December 31
Interest income	$	84,373		$	178,177	$	182,341		$	200,181		$	645,072
Interest expense	33,979			81,871		77,558			80,605			274,013
Net interest income	50,394			96,306		104,783			119,576			371,059
Impairment
Other-than-temporary impairment (OTTI) on securities	1,071			649		1,574			2,494			5,788
Valuation allowance on loans and real estate owned	977			4,772		(3,341		)	16,188			18,596
	2,048			5,421		(1,767		)	18,682			24,384
Net interest income after impairment	48,346			90,885		106,550			100,894			346,675
Other income(A)	12,295			37,650		(17,825		)	9,909			42,029
Operating Expenses	22,270			34,952		32,902			27,699			117,823
Income Before Income Taxes	38,371			93,583		55,823			83,104			270,881
Income tax expense (benefit)	(3,427		)	14,306		(5,932		)	(15,948		)	(11,001		)
Net Income	$	41,798		$	79,277	$	61,755		$	99,052		$	281,882
Noncontrolling Interests in Income of Consolidated Subsidiaries	$	5,823		$	4,158	$	7,193		$	(3,928	)	$	13,246
Net Income Attributable to Common Stockholders	$	35,975		$	75,119	$	54,562		$	102,980		$	268,636
Net Income Per Share of Common Stock
Basic	$	0.25		$	0.37	$	0.24		$	0.45		$	1.34
Diluted	$	0.25		$	0.37	$	0.24		$	0.45		$	1.32
Weighted Average Number of Shares of Common Stock Outstanding
Basic	141,434,905			200,910,040		230,455,568			230,459,000			200,739,809
Diluted	144,911,309			205,169,099		231,215,235			230,698,961			202,907,605
Dividends Declared per Share of Common Stock	$	0.38		$	0.45	$	0.46		$	0.46		$	1.75

2014	Quarter Ended									Year Ended December 31
	March 31		June 30		September 30		December 31
Interest income	$	71,490	$	92,656	$	97,587	$	85,124		$	346,857
Interest expense	38,997		36,512		33,307		31,892			140,708
Net interest income	32,493		56,144		64,280		53,232			206,149
Impairment
Other-than-temporary impairment (OTTI) on securities	328		615		—		448			1,391
Valuation allowance on loans and real estate owned	164		293		1,134		8,300			9,891
	492		908		1,134		8,748			11,282
Net interest income after impairment	32,001		55,236		63,146		44,484			194,867
Other income(A)	35,050		177,889		122,064		40,085			375,088
Operating Expenses	9,899		29,522		25,311		40,167			104,899
Income Before Income Taxes	57,152		203,603		159,899		44,402			465,056
Income tax expense (benefit)	287		21,395		7,801		(6,526		)	22,957
Net Income	$	56,865	$	182,208	$	152,098	$	50,928		$	442,099
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries	$	8,093	$	58,705	$	25,726	$	(3,302	)	$	89,222
Net Income Attributable to Common Stockholders	$	48,772	$	123,503	$	126,372	$	54,230		$	352,877
Net Income Per Share of Common Stock
Basic	$	0.39	$	0.91	$	0.89	$	0.38		$	2.59
Diluted	$	0.38	$	0.88	$	0.88	$	0.38		$	2.53
Weighted Average Number of Shares of Common Stock Outstanding
Basic	126,604,510		136,465,454		141,211,580		141,395,307			136,472,865
Diluted	129,919,967		139,668,128		144,166,601		144,294,088			139,565,709
Dividends Declared per Share of Common Stock	$	0.35	$	0.50	$	0.35	$	0.38		$	1.58

(A) Earnings from investments in equity method investees is included in other income.