NMI Holdings (NMIH) Posts Q4 EPS of $1.01
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NMI Holdings, Inc. Reports Fourth Quarter Net Income of $61.6 Million
February 15, 2017 4:00 PM ESTEMERYVILLE, CA -- (Marketwired) -- 02/15/17 --
NMI Holdings, Inc. (NASDAQ: NMIH) today reported net income of $61.6 million, or $1.01 per share, for the fourth quarter ended Dec. 31, 2016. Results for the quarter include a tax benefit of $54.5 million resulting from reversal of the valuation allowance on the company's deferred tax asset and a charge of $1.7 million related to the change in fair value of outstanding warrants as a result of the company's higher stock price at Dec. 31, 2016. The company reported net income of $6.2 million, or $0.10 per share, in the prior quarter... More
