Q: Thoughts on latest quarter for mcan mkp
5i Research Answer:
EPS of 57c beat estimates of 45c; revenue of $41.6M beat estimates of $34.2M. Net income rose 39%, net interest income rose 8%. Return on equity 14.17%. Book value $16.12. Assets rose 35% to $8.3B. Originations have risen 2% YTD. The impaired ratio did rise to 0.99% from 0.70% and this should be watched. The dividend was raised in February. Considering the current market and competition, this was a good quarter. The stock is up 11% YTD,