StoneCastle: Q1 Earnings Snapshot

·1 min read

NEW YORK (AP) _ StoneCastle Financial Corp. (BANX) on Thursday reported first-quarter net income of $3.6 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 56 cents per share. Earnings, adjusted for investment gains, were 40 cents per share.

The investment company posted revenue of $4.1 million in the period.

StoneCastle shares have risen 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.25, an increase of 34% in the last 12 months.


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The Associated Press

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