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StoneCastle: 4Q Earnings Snapshot

February 28, 2020 GMT

NEW YORK (AP) _ StoneCastle Financial Corp. (BANX) on Thursday reported fourth-quarter net income of $3.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 53 cents. Earnings, adjusted for investment gains, came to 41 cents per share.

The investment company posted revenue of $4.1 million in the period.

For the year, the company said profit was nearly unchanged at $10 million. Annual earnings per share also remained unchanged at $1.54. Revenue was reported as $16.4 million.

StoneCastle shares have dropped 4.5% since the beginning of the year. The stock has declined almost 1% 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