AP NEWS

Impac Mortgage: 4Q Earnings Snapshot

March 12, 2020 GMT

IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Thursday reported a loss of $677,000 in its fourth quarter.

On a per-share basis, the Irvine, California-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, came to 8 cents per share.

The mortgage and warehouse lending company posted revenue of $30.4 million in the period.

For the year, the company reported that its loss narrowed to $8 million, or 38 cents per share. Revenue was reported as $90.6 million.

Impac Mortgage shares have climbed 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.88, a climb of 64% in the last 12 months.

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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