Builders Capital Mortgage Corp. Announces Earnings Results for the First Quarter Ended March 31, 2017
Builders Capital Mortgage Corp. announced earnings results for the first quarter ended March 31, 2017. Mortgage revenue for the three months ended March 31, 2017 was $802,000, down by 10.7% from the $898,000 reported in first quarter of 2016. The first quarter of 2017 revenue represents annualized gross revenue of 13.7% of gross share capital, compared to 15.6% in 2016. For the first three months of 2017 comprehensive income was $627,000, or $0.27 per share, compared to $726,000, or $0.31 per share, in first quarter of 2016. The first quarter of 2017 income translates to earnings of $0.197 per Class A Non-Voting Share, compared to earnings of $0.3667 per Class A Non-Voting Share in the first quarter of 2016.