für das Q3 waren recht ordentlich:
ECC Capital Corporation Reports Third Quarter 2005 Net Income Thursday November 10, 4:00 pm ET
IRVINE, Calif., Nov. 10 /PRNewswire-FirstCall/ -- ECC Capital Corporation (NYSE: ECR - News), a mortgage finance real estate investment trust (REIT) that originates and invests in residential mortgages, today announced financial results for the third quarter ended September 30, 2005.
Financial and Operational Highlights
* Third quarter net income of $24.4 million or $0.24 per diluted share * Loan production in the third quarter totaled $4.41 billion, a 61.6% increase compared to the third quarter of 2004 and a 39.5% increase over the second quarter of 2005 * Invested loan portfolio grew to $3.7 billion and total mortgage assets grew to $7.5 billion * Successfully completed third securitization in August 2005 with $1 billion in assets and today closed fourth securitization with $1 billion in assets * Improved third quarter cost to originate to 2.22%, a 20 basis point reduction compared to last quarter
"During the quarter we were able to remain on track with our production growth despite an increasing interest rate environment," noted Shabi Asghar, President and Co-Chief Executive Officer of ECC Capital. "While the upward trend in rates has put pressure on our margins, our interest rate hedges have offset some of this impact."
Financial Results
ECC Capital reported net profit for the three months ended September 30, 2005 of $24.4 million, or $0.24 per diluted share. For the nine months ended September 30, 2005, ECC Capital is reporting a loss of $12.2 million, or $0.15 per diluted share. The core net loss for the three and nine months ended September 30, 2005 was $7.2 million and $33.4 million, respectively, and $0.07 per diluted share and $0.40 per diluted share, respectively. A reconciliation of net loss reported under generally accepted accounting principles (GAAP) to core results is presented with this press release |