StoneCastle: 1Q Earnings Snapshot
NEW YORK (AP) _ StoneCastle Financial Corp. (BANX) on Thursday reported a first-quarter loss of $16.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of $2.45. Earnings, adjusted for investment costs, were 39 cents per share.
The investment company posted revenue of $3.7 million in the period.
StoneCastle shares have fallen 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.35, a drop of 25% in the last 12 months.