HMCBF - Home Capital Non-GAAP EPS of $1.37

2023-05-10 08:57:02 ET

• Home Capital press release ( OTCPK:HMCBF ): Q1 Non-GAAP EPS of $1.37.
• Net interest margin of 2.15% in Q1 2023, compared with 1.99% in Q4 2022 and 2.18% in Q1 2022.
• Non-interest expenses of $65.3 million in Q1 2023, compared with $67.0 million in Q4 2022 and $65.0 million in Q1 2022.
• Provision for credit losses (“PCL”) of $0.7 million in Q1 2023, compared with a provision expense of $10.4 million in Q4 2022 and a reversal of provision for credit losses of $0.1 million in Q1 2022.
• Allowance for credit losses of 0.26% of gross loans at the end of Q1 2023, compared with 0.26% at the end of Q4 2022 and 0.18% at the end of Q1 2022.

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