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StoneCastle: 1Q Earnings Snapshot

May 7, 2020 GMT

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.

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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 BANX at https://www.zacks.com/ap/BANX