Street Capital Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 03, 2017 at 03:30 pm IST
Street Capital Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported shareholders net income of $3,731,000 or $0.03 per diluted share against shareholders net income of $7,491,000 or $0.06 per diluted share a year ago. Adjusted shareholders net income was $4,297,000 or $0.04 per diluted share against $6,171,000 or $0.05 per diluted share a year ago. Total revenue (net of acquisition costs) was $19,198,000 against $21,976,000 a year ago. Return on tangible equity was 14.4% against 29.6% a year ago. Adjusted return on tangible equity was 16.5% against 24.5% a year ago. Book value per share was $1.12 against $1.10 a year ago. Return on equity was 11.1% against 22.9% a year ago. Adjusted return on equity was 12.8% against 18.9% a year ago.
For the nine months, the company reported shareholders net income of $1,053,000 or $0.01 per diluted share against shareholders net income of $15,804,000 or $0.13 per diluted share a year ago. Adjusted shareholders net income was $6,212,000 or $0.05 per diluted share against $14,460,000 or $0.12 per diluted share a year ago. Total revenue (net of acquisition costs) was $46,046,000 against $55,125,000 a year ago. Return on tangible equity was 1.8% against 22.1% a year ago. Adjusted return on tangible equity was 8.2% against 20.3% a year ago.