Jernigan Capital Inc. set its earnings outlook for the third quarter and updated its guidance for full year 2017.

For the full year, the company now projects net income attributable to common shareholders to be between $16.9 million and $20.6 million, or $1.41 and $1.71 per share. Previously, the company anticipated 2017 net income attributable to common shareholders of between $14.6 million and $18.3 million, or $1.62 to $2.02 per share.

Adjusted earnings are now expected to be between $19.1 million and $22.6 million, compared with the previously expected range of $16.3 million to $20.7 million. Adjusted EPS is now anticipated to range from $1.58 to $1.88, compared with the previous guidance of $1.80 to $2.30.

The S&P Capital IQ consensus normalized EPS estimate for 2017 is $1.88.

Total revenues and joint venture income for the year are projected to be between $13.5 million and $13.9 million.

For the third quarter, the company expects net income attributable to common shareholders between $3.3 million and $4.4 million, or 23 cents to 30 cents per share. Adjusted earnings are projected to range from $3.8 million to $4.8 million, or 27 cents to 34 cents per share.

The S&P Capital IQ consensus normalized EPS estimate for the third quarter is 43 cents.

Third-quarter total revenues are expected to be between $3.1 million and $3.2 million.

In the second quarter, the company reported net income attributable to common shareholders of $5.0 million, or 50 cents per share, compared with $5.4 million, or 89 cents per share, in the year-ago period.

Second-quarter adjusted earnings were $5.5 million, or 55 cents per share, down from $6.0 million, or 99 cents per share, in the year-ago quarter.

The S&P Capital IQ consensus normalized EPS estimate for the second quarter was 38 cents.