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BRIEF-Home Capital Group Reports Q1 Earnings Per Share Of C$0.45

Published 2019-05-08, 06:07 a/m
© Reuters.  BRIEF-Home Capital Group Reports Q1 Earnings Per Share Of C$0.45

May 8 (Reuters) - Home Capital Group Inc HCG.TO :

* HOME CAPITAL REPORTS Q1 2019 RESULTS

* Q1 EARNINGS PER SHARE C$0.45

* Q1 EARNINGS PER SHARE ESTIMATE C$0.48 -- REFINITIV IBES DATA

* Q1 ADJUSTED EARNINGS PER SHARE C$0.49

* EXPECTS THAT CANADIAN REAL ESTATE MARKET WILL BE STABLE FOR BALANCE OF 2019

* BEGUN TO UPGRADE INFORMATION TECHNOLOGY INFRASTRUCTURE ON A MULTI-YEAR IT ROADMAP

* MORTGAGE ORIGINATIONS OF $1.22 BILLION IN Q1 2019, COMPARED WITH $1.61 BILLION IN Q4 2018

* SINGLE-FAMILY MORTGAGE ORIGINATIONS OF $933.2 MILLION IN Q1 2019, COMPARED WITH $1,160.1 MILLION IN Q4 2018

* TOTAL LOANS AT END OF QUARTER OF $16.68 BILLION, AN INCREASE OF 1.7% FROM Q4 2018

* LOANS UNDER ADMINISTRATION OF $23.11 BILLION UP 0.8% FROM Q4 2018 AND UP 2.5% FROM Q1 2018

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