Impac Mortgage: 2Q Earnings Snapshot
IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Wednesday reported a second-quarter loss of $97.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Irvine, California-based company said it had a loss of $4.65. Losses, adjusted for one-time gains and costs, came to 31 cents per share.
The mortgage and warehouse lending company posted revenue of $29.9 million in the period.
Impac Mortgage shares have declined 21 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.06, a decline of 48 percent in the last 12 months.