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Impac Mortgage: 2Q Earnings Snapshot

August 8, 2019

IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Thursday reported second-quarter net income of $3.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Irvine, California-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring costs, came to 56 cents per share.

The mortgage and warehouse lending company posted revenue of $24.1 million in the period.

In the final minutes of trading on Thursday, the company’s shares hit $4.45. A year ago, they were trading at $8.06.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMH at https://www.zacks.com/ap/IMH

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