NewStar Financial (NEWS) Reports In-Line Q3 EPS

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Go back to NewStar Financial (NEWS) Reports In-Line Q3 EPS

NewStar Reports Net Income of $5.1 Million, or $0.11 Per Diluted Share for the Third Quarter

November 4, 2015 6:55 AM EST

Investment Activity New funded credit investments exceeded $720 million in the seasonally slower third quarter, up 76% from the same quarter last year and down 29% from last quarter.Asset Growth Managed loans and credit investments increased by $447 million to $4.6 billion, or 11%, from the prior quarter and $2.0 billion, or 80%, from the same period last year. Funding Asset growth was supported by a combination of long term capital from the issuance of subordinated notes under an existing commitment and the issuance of new asset-backed securities. Net Interest Margin... More