NMI Holdings (NMIH) Tops Q3 EPS by 2c

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NMI Holdings, Inc. Reports Record Third Quarter Net Income of $6.2 Million

November 1, 2016 4:00 PM EDT

EMERYVILLE, CA -- (Marketwired) -- 11/01/16 --

NMI Holdings, Inc. (NASDAQ: NMIH) today reported net income of $6.2 million, or $0.10 per share, for the third quarter ended Sep. 30, 2016. This compares with net income of $2.0 million, or $0.03 per share, in the prior quarter and a net loss of ($4.8) million, or ($0.08) per share, in the third quarter of 2015. Total revenue for the quarter was $35.5 million, up 20% from $29.5 million in the prior quarter and up 141% from $14.7 million in the third quarter of 2015.

Bradley Shuster, chairman and CEO of National MI, said, "We... More