NMI Holdings (NMIH) Tops Q1 EPS by 4c

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NMI Holdings, Inc. Reports First Quarter 2020 Financial Results

May 6, 2020 4:02 PM EDT

EMERYVILLE, Calif., May 06, 2020 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported GAAP net income of $58.3 million for the first quarter ended March 31, 2020, which compares to $50.2 million in the fourth quarter ended December 31, 2019 and $32.9 million in the first quarter ended March 31, 2019.  Adjusted net income for the quarter was $52.7 million or $0.75 per diluted share, which compares to $52.6 million or $0.75 per diluted share in the fourth quarter ended December 31, 2019 and $38.5 million or $0.56 per diluted share in the first quarter ended March 31, 2019.  The non-GAAP financial measures adjusted net income, adjusted diluted earnings per share and... More