trending Market Intelligence /marketintelligence/en/news-insights/trending/ynBUXUE5qykh2Ejjpoo2DA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Financial services earnings roundup, May 2

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Financial services earnings roundup, May 2

With earnings season in gear,S&P Global Market Intelligence presents a snapshot of recently reported financialresults for companies in the financial services space.

Investment company

first-quarter GAAP netincome of $83.1 million, or 44 cents per share, compared with $67.0 million, or33 cents per share, in the year-ago period.

Coreearnings were $109.5 million, or 58 cents per share, versus $147.7 million, or 72cents per share, a year ago.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 53 cents.


Specialty lender

first-quarter GAAP netincome of $74.4 million, or $3.63 per share, compared with $71.5 million, or $3.41per share, in the year-ago period.

Adjustednet income was $82.3 million, or $4.02 per share, versus $72.1 million, or $3.44per share, a year ago.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was $3.81.


a GAAP net loss attributable tocommon stockholders of $12.6 million, or 18 cents per share, for the first quarter,versus a net loss of $5.3 million, or 8 cents per share, in the prior-year quarter.

The adjustednet loss was $8.8 million, or 13 cents per share, compared with a loss of $3.3 million,or 5 cents per share, in the year-ago period.

The S&PCapital IQ consensus normalized estimate for the quarter was a loss of 8 cents pershare.

For the second quarter, OnDeck expects gross revenue of between$67 million and $70 million. It also anticipates adjusted EBITDA to be between aloss of $16 million and a loss of $18 million.

For the full year 2016, the company now expects gross revenueof between $278 million and $288 million and adjusted EBITDA between a loss of $41million and a loss of $49 million. The company previously expected gross revenue between $320 million and$328 million and adjusted EBITDA between $10 million and $14 million.