Q: Please comment on Olympic Financial Group’s recent earnings. Nice dividend increase!
5i Research Answer:
There are no estimates to 'beat' as no one covers the company. But net earnings rose more than 100% to $6M. Revenue rose 47% though service revenue decreased. Per share earnings were $2.48 vs $1.00 last year. OLY raised its dividend 33%. These numbers are excellent, and we would view it as a small cap BUY. The balance sheet remains strong. ROE was 64% last year.