NMI Holdings (NMIH) Tops Q1 EPS by 1c, Revenues Beat

NMI Holdings (NASDAQ: NMIH) reported Q1 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter came in at $115.19 million versus the consensus estimate of $105.7 million.

Claudia Merkle, CEO of National MI, said, “We achieved record NIW volume, significant growth in our insured portfolio and strong financial performance in the first quarter. We helped more borrowers than ever before gain access to housing and continued to differentiate with our lender customers. Our credit performance remained favorable and we are increasingly optimistic as the stress of the COVID pandemic has begun to recede, the outlook for the economy has improved sharply and the housing market continues to strengthen.”

For earnings history and earnings-related data on NMI Holdings (NMIH) click here.

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