Jernigan Capital Reports Second Quarter Results Above Guidance Range with 24% YoY Growth in Net Income and 82% YoY Growth in Adjusted Earnings

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Jernigan Capital (JCAP) Reports Q2 EPS of $0.64

July 31, 2018 4:31 PM EDT

Jernigan Capital (NYSE: JCAP) reported Q2 EPS of $0.64, versus $0.29 reported last year.

Second Quarter Highlights include:

Quarterly earnings per share and adjusted earnings per share of $0.40 and $0.64, or $0.05 and $0.04, respectively, above the top end of the Companys quarterly guidance ranges provided with its first quarter 2018 earnings release, due primarily to interest income and fair value increases exceeding expectations.Grew its investment portfolio by closing six new on-balance sheet development investments during the quarter for a combined total commitment amount of $67.0 million.Enhanced its strong balance sheet by... More