Impac Mortgage: Q4 Earnings Snapshot
IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Thursday reported a loss of $2.2 million in its fourth quarter.
The Irvine, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs, came to 16 cents per share.
The mortgage and warehouse lending company posted revenue of $20 million in the period.
For the year, the company reported that its loss widened to $88.2 million, or $4.15 per share. Revenue was reported as -$8.1 million.
In the final minutes of trading on Thursday, the company’s shares hit $3. A year ago, they were trading at $7.47.