Edition:
United Kingdom

Home Capital Group Reports Q1 Earnings Per Share Of C$0.45


Wednesday, 8 May 2019 

May 8 (Reuters) - Home Capital Group Inc ::HOME CAPITAL REPORTS Q1 2019 RESULTS.Q1 EARNINGS PER SHARE C$0.45.Q1 EARNINGS PER SHARE ESTIMATE C$0.48 -- REFINITIV IBES DATA.Q1 ADJUSTED EARNINGS PER SHARE C$0.49.EXPECTS THAT CANADIAN REAL ESTATE MARKET WILL BE STABLE FOR BALANCE OF 2019.BEGUN TO UPGRADE INFORMATION TECHNOLOGY INFRASTRUCTURE ON A MULTI-YEAR IT ROADMAP.MORTGAGE ORIGINATIONS OF $1.22 BILLION IN Q1 2019, COMPARED WITH $1.61 BILLION IN Q4 2018.SINGLE-FAMILY MORTGAGE ORIGINATIONS OF $933.2 MILLION IN Q1 2019, COMPARED WITH $1,160.1 MILLION IN Q4 2018.TOTAL LOANS AT END OF QUARTER OF $16.68 BILLION, AN INCREASE OF 1.7% FROM Q4 2018.LOANS UNDER ADMINISTRATION OF $23.11 BILLION UP 0.8% FROM Q4 2018 AND UP 2.5% FROM Q1 2018.