NewStar Financial, Inc. (NEWS) Reports In-Line Q1 EPS
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NewStar Reports First Quarter Consolidated Net Income of $6.2 Million, or $0.12 Per Diluted Share
May 7, 2014 6:55 AM EDTNew Loan Volume New funded loan volume was $275 million, up $130 million or 90% from the first quarter of 2013. Net Interest Margin Margin widened slightly to 3.50% for the fourth quarter from 3.41% due to increased interest income on higher average loan balances. Revenue Risk-adjusted revenue1 was up slightly from the prior quarter to $22.7 million as gains from the sale of equity interests retained in restructurings of impaired loans offset higher credit costs Credit Costs Provision for credit losses increased $3.5 million from the prior quarter primarily due primarily to a $2.6 million... More
