Edition:
India

Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

19.63CAD
10 Jul 2020
Change (% chg)

$0.32 (+1.66%)
Prev Close
$19.31
Open
$19.30
Day's High
$20.10
Day's Low
$19.30
Volume
155,535
Avg. Vol
397,528
52-wk High
$35.49
52-wk Low
$13.67

Latest Key Developments (Source: Significant Developments)

Home Capital Reports Q1 Adjusted Earnings Per Share C$0.56
Thursday, 7 May 2020 

May 7 (Reuters) - Home Capital Group Inc ::HOME CAPITAL REPORTS FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE C$0.56.Q1 EARNINGS PER SHARE C$0.52.Q1 EARNINGS PER SHARE ESTIMATE C$0.70 -- REFINITIV IBES DATA.NET INTEREST MARGIN OF 2.38% IN Q1 2020, COMPARED WITH 2.31% IN Q4 2019.MORTGAGE ORIGINATIONS OF $1.62 BILLION IN Q1 2020, COMPARED WITH $1.62 BILLION IN Q4 2019.SINGLE-FAMILY MORTGAGE ORIGINATIONS OF $1.05 BILLION IN Q1 2020, COMPARED WITH $1.21 BILLION IN Q4 2019.TOTAL LOAN PORTFOLIO OF $17.12 BILLION AT END OF Q1 2020, A DECREASE OF 0.2% FROM END OF Q4 2019.LOANS UNDER ADMINISTRATION OF $23.04 BILLION AT END OF Q1 2020, UP 0.4% FROM END OF Q4 2019.TOTAL DEPOSITS OF $13.95 BILLION AT END OF Q1 2020, COMPARED WITH $13.72 BILLION AT END OF Q4 2019.QTRLY TOTAL PROVISION FOR CREDIT LOSSES OF $30.2 MILLION COMPARED WITH $3.9 MILLION IN Q4 2019.QTRLY NET INTEREST INCOME $114.45 MILLION VERSUS $91.78 MILLION.  Full Article

Home Capital Reports Q4 Adjusted Earnings Per Share C$0.72
Friday, 21 Feb 2020 

Feb 21 (Reuters) - Home Capital Group Inc ::HOME CAPITAL REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$0.72.Q4 EARNINGS PER SHARE C$0.65.Q4 EARNINGS PER SHARE ESTIMATE C$0.67 -- REFINITIV IBES DATA.HOME CAPITAL GROUP - EXPECTS THAT STABLE CONDITIONS THAT CHARACTERIZED CANADIAN HOUSING MARKET FOR 2019 WILL PERSIST THROUGH BEGINNING OF 2020.QTRLY NET INTEREST INCOME $109.9 MILLION VERSUS $90.3 MILLION.  Full Article

Home Capital Group- Announces TSX Approval Of Normal Course Issuer Bid
Saturday, 18 Jan 2020 

Jan 17 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC - ANNOUNCES TSX APPROVAL OF NORMAL COURSE ISSUER BID.HOME CAPITAL GROUP INC - CO MAY PURCHASE FOR CANCELLATION UP TO 5.3 MILLION OF ITS COMMON SHARES.  Full Article

Home Capital Provides Update On Strategic Review Of Consumer Retail Loan Portfolio
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - Home Capital Group Inc ::HOME CAPITAL PROVIDES UPDATE ON STRATEGIC REVIEW OF CONSUMER RETAIL LOAN PORTFOLIO.HOME CAPITAL GROUP INC - COMPLETED A STRATEGIC REVIEW OF ITS CONSUMER RETAIL LOAN PORTFOLIO.HOME CAPITAL GROUP INC - DETERMINED THAT POINT-OF-SALE RETAIL LENDING BUSINESS IS CONSIDERED NON-CORE.HOME CAPITAL GROUP INC - GROSS LOAN BALANCES OF ABOUT $84 MILLION WILL BE TREATED AS ASSETS HELD FOR SALE FOR ACCOUNTING PURPOSES.HOME CAPITAL GROUP - ASSETS AND INCOME ASSOCIATED WITH POINT-OF-SALE BUSINESS ARE NOT MATERIAL TO CO'S FINANCIAL RESULTS.HOME CAPITAL GROUP INC - HOME CAPITAL WILL CONTINUE TO OPERATE POINT-OF-SALE BUSINESS UNTIL A SUITABLE TRANSACTION CAN BE CONCLUDED.  Full Article

Home Capital Reports Q3 Earnings Per Share Of C$0.67
Wednesday, 13 Nov 2019 

Nov 13 (Reuters) - Home Capital Group Inc ::HOME CAPITAL REPORTS THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$0.72.Q3 EARNINGS PER SHARE C$0.67.Q3 EARNINGS PER SHARE ESTIMATE C$0.56 -- REFINITIV IBES DATA.HOME CAPITAL GROUP - BELIEVES THAT HEALTHY AND BALANCED MARKET CONDITIONS EXPERIENCED FOR MUCH OF 2019 WILL CONTINUE FOR BALANCE OF YEAR.QTRLY NET INTEREST INCOME $103 MILLION VERSUS $89.8 MILLION.  Full Article

Home Capital Provides Update On Class Action Related To Consumer HVAC Rental Equipment Financing
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Home Capital Group Inc ::HOME CAPITAL PROVIDES UPDATE ON CLASS ACTION RELATED TO CONSUMER HVAC RENTAL EQUIPMENT FINANCING.HOME CAPITAL GROUP INC - HOME TRUST COMPANY HAS RECEIVED A DECISION FROM ONTARIO SUPERIOR COURT.HOME CAPITAL GROUP INC - COURT ORDERED CERTIFICATION OF CERTAIN OF ISSUES ADVANCED BY CLASS AGAINST HOME TRUST AND ITS CO-DEFENDANT.HOME CAPITAL GROUP INC - COURT HELD THAT WAS NOT AN "APPROPRIATE CASE FOR SUMMARY JUDGMENT AS SOUGHT BY PLAINTIFF".HOME CAPITAL GROUP INC - THERE WILL BE A TRIAL ON TERMS AND TIMING TO BE FIXED BY COURT.  Full Article

Home Capital Group Q4 Earnings Per Share C$0.46
Friday, 22 Feb 2019 

Home Capital Group Inc ::HOME CAPITAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 EARNINGS PER SHARE C$0.46.Q4 EARNINGS PER SHARE ESTIMATE C$0.43 -- REFINITIV IBES DATA.QTRLY MORTGAGE ORIGINATIONS WERE $1.61 BILLION, AN INCREASE OF $742.1 MILLION OR 85.1%.QTRLY NET INTEREST MARGIN WAS 1.99% COMPARED WITH 2.02% IN 2017.RETURN ON EQUITY FOR QUARTER (ANNUALIZED) WAS 8.1% COMPARED WITH 6.8% IN 2017.QTRLY PROVISIONS FOR CREDIT LOSSES WERE $3.9 MILLION OR 0.10% OF GROSS LOANS.HOME CAPITAL IS READY TO TAKE NEXT STEP IN UPGRADING ITS INFORMATION TECHNOLOGY INFRASTRUCTURE.EXPECTS THAT EARLY SIGNS OF STABILIZATION IN CANADIAN REAL ESTATE MARKET WILL PERSIST FOR MUCH OF 2019.HOME CAPITAL GROUP - EMBARKING ON MULTI-YEAR INVESTMENT INITIATIVE THAT WILL INCLUDE UPGRADE OF CORE BANKING SYSTEM, AMONG OTHERS.BOARD CONTINUES TO REVIEW VARIOUS OPTIONS FOR DEPLOYMENT OF CAPITAL.EXPECTS THAT EARLY SIGNS OF STABILIZATION IN CANADIAN REAL ESTATE MARKET WILL PERSIST FOR MUCH OF 2019.TOTAL ASSETS UNDER ADMINISTRATION AT QUARTER-END $24.68 BILLION.HOME CAPITAL GROUP - QTRLY NET INTEREST INCOME $90.3 MILLION VERSUS $91.7 MILLION.  Full Article

Home Capital Group Inc Announces TSX Approval Of Normal Course Issuer Bid
Monday, 24 Dec 2018 

Dec 24 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. ANNOUNCES TSX APPROVAL OF NORMAL COURSE ISSUER BID.HOME CAPITAL GROUP INC - PURCHASES MAY COMMENCE ON JANUARY 2, 2019, AND WILL TERMINATE ON JANUARY 1, 2020.  Full Article

Home Capital Group Inc Update On Berkshire Hathaway Inc's Ownership Interest
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. UPDATE ON BERKSHIRE HATHAWAY INC.’S OWNERSHIP INTEREST.HOME CAPITAL - AFTER COMPLETION OF SUBSTANTIAL ISSUER BID, PERCENT OWNERSHIP OF CO BY UNIT OF BERKSHIRE HATHAWAY IS PROJECTED TO BE LESS THAN 10%.HOME CAPITAL GROUP - BERKSHIRE'S WARREN BUFFETT SAYS HAVE DECIDED TO SUBSTANTIALLY EXIT FROM INVESTMENT IN CO.HOME CAPITAL - SHAREHOLDERS DID NOT APPROVE ADDITIONAL INVESTMENT, SO BERKSHIRE'S INVESTMENT IN CO IS "NOT OF A SIZE TO JUSTIFY" ONGOING INVOLVEMENT.HOME CAPITAL - BERKSHIRE'S BUFFETT SAYS "BERKSHIRE'S INVESTMENT IN HOME IS NOW NOT OF A SIZE TO JUSTIFY OUR ONGOING INVOLVEMENT".  Full Article

Home Capital Group Inc Announces New Appointments To Board
Tuesday, 2 Oct 2018 

Oct 1 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. ANNOUNCES NEW APPOINTMENTS TO THE BOARD OF DIRECTORS.HOME CAPITAL GROUP INC - HAS MADE TWO APPOINTMENTS IN RELATION TO ITS BOARD OF DIRECTORS.HOME CAPITAL GROUP INC - SUSAN E. HUTCHISON JOINED BOARD OF DIRECTORS EFFECTIVE SEPTEMBER 27, 2018.HOME CAPITAL GROUP INC - HOSSEIN RAHNAMA WAS APPOINTED AS ADVISOR TO BOARD OF DIRECTORS, EFFECTIVE JUNE 1, 2018.  Full Article

BRIEF-Great Elm Capital Says Mark A. Snell Tendered His Notice Of Resignation From Board - SEC Filing

* GREAT ELM CAPITAL GROUP INC SAYS ON MARCH 31 MARK A. SNELL TENDERED HIS NOTICE OF RESIGNATION FROM BOARD - SEC FILING Source text: https://bit.ly/3aCO6Fi Further company coverage: