Impac Mortgage Holdings, Inc. Announces Third Quarter 2019 Results
Impac Mortgage Holdings, Inc. (IMH)
NASDAQ:AMEX Investor Relations:
ir.impaccompanies.com
Company Research
Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Impac Mortgage Holdings, Inc. (NYSE American: IMH) (the Company) announces its financial results for the quarter ended September 30, 2019.For the third quarter of 2019, the Company reported net earnings of $1.4 million, or $0.07 per diluted common share, as compared to a net (loss) of $(45.4) million, or $(2.16) per diluted common share, for the third quarter of 2018.For the third quarter of 2019, the Company reported core earnings of $7.9 million, or $0.37 per diluted common share, as compared to core earnings (loss) of $(6.8) million, or $(0.32) per diluted common share, for the third quarter of 2018.Core earnings (loss) is not considered an accounting principle generally accepted in the United States of America (non-GAAP). Core earnings is a financial measurement that is calculated by adjusting GAAP operating income to exclude certain non-cash items, such as fair value adjustments and mark-to-market of mortgage servicing rights (MSRs), and non-r
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