Guild Mortgage reported higher profits and loan volume in the third quarter, likely marking its final earnings release as a public company before its merger with Bayview Asset Management.

The company reported net income of $33.3 million in the third quarter, up significantly from a loss of $66.9 million during the same period a year prior. Quarter-over-quarter earnings came in 78.1% higher from $18.7 million in Q2 2025.

Originations were down on a quarterly basis, but increased 7% from the same three months a year earlier to $7.4 billion, marking $20.1 billion in volume year-to-date.

“Our team delivered another quarter of solid performance across both our retail origination and servicing platforms, demonstrating continued positive momentum and the successful execution of our balanced business model,” said Terry Schmidt, CEO of the San Diego-based lender, in a press release Wednesday. Guild did not hold a conference call due to the pending merger.

Bayview Asset Management announced the acquisition of Guild for $1.3 billion in June, a deal expected to be completed in the fourth quarter of this year, which will privatize the lender. The agreement comes in a year of other blockbuster mergers, like Rocket Mortgage’s acquisition of Mr. Cooper a few months earlier.

“We remain well-positioned for continued growth as we expand our leading platform and work toward completing our pending transaction with Bayview,” Schmidt said.

The company’s profits were driven by increases in revenue to $307.4 million from $279.4 million in the second quarter and $159.3 million a year prior.

Originations accounted for $35 million of the net income, up from $6.4 million a year earlier, while servicing accounted for $44.5 million, up 159.7% from a $74.6 million loss a year prior.

“We continue to realize robust growth as we delivered strong year-over-year increases in adjusted net income, adjusted EBITDA, and adjusted return on average equity during the third quarter, while achieving 7% year-over-year growth in originations as we focus on our customer-for-life strategy,” Schmidt said.

Adjusted net income and adjusted earnings before interest, taxes, depreciation and amortization totaled $47 million and $72 million, respectively, compared to $41.4 million and $58 million, respectively, in second quarter and $31.7 million and $46.4 million, respectively, in third quarter of last year. Guild posted a 10.9% return on average equity, up 4.7 percentage points from the prior quarter and 33.4 percentage points from last year.

Earnings per share came in at $0.54 after, exceeding estimates of $0.45.