trending Market Intelligence /marketintelligence/en/news-insights/trending/UP2haQVU46tOeRPBEt_GgA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Credit One Financial swings to profit in Q1

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 3: Transformation of Customer Experience in 2020


Credit One Financial swings to profit in Q1

Credit One Financial Inc. said its first-quarter normalized net income amounted to $82,080, compared with a loss of $4,060 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 121.5% from negative 7.0% in the year-earlier period.

Total revenue increased 16.4% on an annual basis to $67,540 from $58,020, and total operating expenses decreased 48.1% on an annual basis to $86,560 from $166,710.

Reported net income came to $131,320, or 0 cents per share, compared to a loss of $6,500, or a loss of 0 cents per share, in the prior-year period.