Rithm Capital Corp. (NYSE:RITM) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET

Company Participants

Emma Bolla - Associate General Counsel

Michael Nierenberg - Chairman, CEO & President

Nick Santoro - CFO and Chief Accounting Officer

Conference Call Participants

Eric Hagen - BTIG

Bose George - Keefe, Bruyette, & Woods

Kevin Barker - Piper Sandler

Operator

Good morning ladies and gentlemen and welcome to Rithm Capital Corp Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded. I would like now to turn the conference over to Emma Bola, Associate General Counsel. Please go ahead.

Emma Bolla

Thank you and good morning, everyone. I would like to thank you for joining us today for Rithm Capital's third quarter 2023 earnings call. Joining me today are Michael Nierenberg, Chairman, CEO and President of Rithm Capital; and Nick Santoro, Chief Financial Officer of Rithm Capital. Throughout the call, we are going to reference the earnings supplement that was posted this morning to the Rithm Capital website www.rithmcap.com. If you've not already done so, I'd encourage you to download the presentation now.

I would like to point out that certain statements made today will be forward-looking statements. These statements by their nature are uncertain and may differ materially from actual results. I encourage you to review the disclaimers in our press release and earnings supplement regarding forward-looking statements and to review the risk factors contained in our annual and quarterly reports filed with the SEC. In addition, we will be discussing some non-GAAP financial measures during today's call. Reconciliations of these measures to the most directly comparable GAAP measures can be found in our earnings supplement. And with that, I will turn the call over to Michael.

Michael Nierenberg

Thanks Emma and good morning, everyone. Thanks for joining us. Really exciting times for our company. From an earnings perspective in this overall operations in the quarter a very, very, solid quarter, core business lines continued to perform extremely well. The positioning we put in place over the course of the past couple years has continued to pay dividends as they create solid earnings, book value growth, and high levels of liquidity. We expect this to continue into the future with the Fed signaling higher rates for a longer period of time. The global macro backdrop for investing puts our company in a great place to take advantage of where we believe the markets are headed. As you know, we have been very vocal about repositioning the company into more of an alternative asset manager.