NewStar Financial (NEWS) Tops Q1 EPS by 1c

Go back to NewStar Financial (NEWS) Tops Q1 EPS by 1c

NewStar Reports Net Income of $2.5 Million, or $0.05 Per Diluted Share for the First Quarter

May 6, 2015 6:55 AM EDT

New Loan Volume Originated new funded loan volume of $609 million in the first quarter, up 121% from the same quarter in the prior year and down from $775 million in the last quarter, reflecting typical seasonality. Loan Growth Increased managed assets by $340 million, or 9%, from the prior quarter and $1.5 billion, or 59%, from the end of the first quarter last year to approximately $4.1 billion. Funding Completed eleventh loan securitization and tapped unsecured debt markets in April through a debut offering of senior unsecured notes, positioning the balance sheet to support anticipated loan growth.... More

NewStar Reports Net Income of $2.5 Million, or $0.05 Per Diluted Share for the First Quarter

May 6, 2015 6:55 AM EDT

New Loan Volume Originated new funded loan volume of $609 million in the first quarter, up 121% from the same quarter in the prior year and down from $775 million in the last quarter, reflecting typical seasonality. Loan Growth Increased managed assets by $340 million, or 9%, from the prior quarter and $1.5 billion, or 59%, from the end of the first quarter last year to approximately $4.1 billion. Funding Completed eleventh loan securitization and tapped unsecured debt markets in April through a debut offering of senior unsecured notes, positioning the balance sheet to support anticipated loan growth.... More