Hunt companies finance trust, inc. (HCFT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Sep'12
Revenues:
Interest income:
Available-for-sale securities

-

-

0

0

-

7,079

0

3,669

7,079

8,213

7,827

6,658

6,822

6,695

6,549

5,331

4,899

5,277

5,460

6,753

6,805

3,656

4,513

4,487

3,902

-

4,338

7,350

-

-

Residential mortgage loans held-for-sale

-

-

-

-

-

-

-

-

0

2

12

28

28

19

121

167

122

307

499

585

705

2,319

1,310

4

0

-

0

0

-

-

Commercial mortgage loans held-for-investment

9,165

8,950

9,825

10,289

9,904

0

9,365

5,894

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-family loans held in securitization trusts

0

0

0

0

78

13,227

336

6,976

13,227

13,278

13,473

13,569

13,948

13,990

14,466

14,692

15,437

16,337

16,794

17,249

17,635

18,724

2,433

0

0

-

-

-

-

-

Residential loans held in securitization trusts

-

-

0

0

-

1,147

0

954

1,147

1,199

1,249

1,298

1,355

1,441

1,582

3,408

4,152

4,413

4,641

5,039

5,891

4,438

0

0

0

-

-

-

-

-

Cash and cash equivalents

28

3

6

0

0

61

17

55

61

25

63

39

35

15

11

8

5

2

4

4

4

-1

9

7

5

-

3

5

-

-

Interest expense:
Repurchase agreements - available-for-sale securities

-

-

0

0

-

4,951

0

2,685

4,951

4,405

4,118

2,873

2,095

1,837

1,572

1,338

1,489

1,474

1,490

1,789

1,712

863

635

602

561

-

793

992

-

-

Collateralized loan obligations

4,237

4,734

5,244

5,456

5,446

0

4,366

2,889

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured term loan

780

-

792

786

329

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase agreements - mortgage loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

0

0

10

57

94

76

194

300

392

436

1,476

721

5

0

-

0

0

-

-

Multi-family securitized debt obligations

-

-

0

0

-

12,526

237

6,640

12,526

12,573

12,766

12,862

13,237

13,272

13,740

13,814

14,112

14,870

15,372

15,778

16,135

17,161

2,239

0

0

-

-

-

-

-

Residential securitized debt obligations

-

-

0

0

-

920

0

765

920

959

995

1,030

1,074

1,138

1,210

2,589

3,178

3,261

3,137

3,102

3,655

3,575

0

0

0

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,027

730

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126

126

Net interest income

4,175

3,364

3,795

4,046

4,206

3,117

5,114

4,569

3,117

4,782

4,745

4,827

5,783

5,902

6,152

5,772

5,760

6,536

7,100

8,570

9,102

6,061

4,671

3,890

3,347

3,367

3,548

6,364

900

604

(Increase) decrease in credit reserves

-

-

-

-

-

-

-

-

-

-

-

0

0

932

-19

-146

-20

1,015

-350

567

-1,977

-

0

0

-

-

-

-

-

-

Increase in credit reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Additional other-than-temporary credit impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

183

-

0

0

0

0

2,890

0

0

0

0

-

-

-

-

-

Total impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

0

0

932

-203

-146

-20

1,015

-350

567

-4,868

0

0

0

0

-

-

-

-

-

Other income:
Realized (loss) on investments, net

0

0

0

0

-709

-2,848

-13

-30,497

-2,848

562

-5,148

-151

-9,317

-3,854

-749

3,771

-6,383

-2,367

1,464

524

-154

5,704

1,024

750

-4,208

-

-

-

-

-

Change in unrealized gain on fair value option securities

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain (loss) on fair value option securities

-

-

-

-

-

-

-

-

0

-

-

0

9,448

-1,113

-958

-5,963

-371

-

-

-

0

-

-

-

-

-

-

-

-

-

Realized gain (loss) on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,080

14,172

105

20

Change in unrealized gain (loss) and net interest income from Linked Transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,853

754

8,812

5,892

5,726

-154

-1,487

1,753

3,553

Change in unrealized gain (loss) on fair value option securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-232

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain (loss) on fair value option securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-393

-

-

-

-

-

-

-

-

-

-

-

Realized gain on derivative contracts, net

-

-

0

0

-

2,792

0

23,192

2,792

170

-1,636

1,453

2,233

78

-820

-761

-1,585

285

-8,262

-1,217

-2,830

-7,442

-9,079

-849

-842

-654

8,401

11,136

-71

-16

Change in unrealized (loss) on derivative contracts, net

-

-

0

0

-

12,783

0

-18,132

12,783

5,878

307

-5,813

-3,077

12,667

3,340

-2,050

-8,462

4,126

1,631

902

-1,751

-1,840

10,009

-5,968

-5,132

4,052

-10,274

7,620

-521

-64

Realized (loss) on residential mortgage loans held-for-sale, net

-

-

-

-

-

-

-

-

0

0

-221

-0

-0

-34

60

69

-0

198

-13

759

272

-

-73

93

-

-

-

-

-

-

Realized (loss) on mortgage loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

Change in unrealized gain on residential mortgage loans held-for-sale

-

-

-

-

-

-

-

-

0

0

28

-7

-3

-148

-138

-62

197

-693

539

-594

551

-144

474

0

0

-

0

0

-

-

Change in unrealized gain (loss) on mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

228

126

-415

204

138

900

-84

488

268

0

-

-

-

-

-

-

-

-

-

Unrealized (loss) on mortgage servicing rights

-877

-13

-444

-459

-379

57

103

1,084

57

-

-102

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

Unrealized gain on multi-family loans held in securitization trusts

0

0

0

0

694

-1,355

957

-5,463

-1,355

555

694

803

1,299

385

930

-8,071

1,536

452

1,804

1,803

2,037

-

285

0

-

-

-

-

-

-

Change in unrealized gain on residential loans held in securitization trusts

-

-

0

0

-

-255

0

5,905

-255

-187

-155

-250

-368

324

-764

3,399

-2,554

-497

-1,323

-2,975

-3,356

-

0

0

-

-

-

-

-

-

Other interest expense

-

-

-

-

-

-

-

-

0

0

0

0

152

0

1,860

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Servicing income, net

194

192

243

185

248

219

285

196

219

200

276

192

252

206

258

243

223

90

64

56

0

-

-

-

-

-

-

-

-

-

Unrealized gain/(loss) on multi-family loans held in securitization trusts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

Unrealized gain/(loss) on residential loans held in securitization trusts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Other income

0

0

0

0

0

15

27

44

15

12

8

12

12

5

0

1

24

25

33

26

0

-

0

0

-

-

-

-

-

-

Total other (loss)

-683

178

-201

-273

-146

11,410

1,361

-23,670

11,410

7,163

-5,949

-3,989

200

8,932

-907

-9,561

-18,274

1,289

-4,943

-1,216

-5,231

-

-

-

-

-

-

-

-

-

Total other income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,395

2,838

-4,290

8,902

-19,108

3,098

1,056

3,451

Expenses:
Management fee

584

567

557

566

553

576

586

604

576

544

573

552

544

598

623

626

623

654

703

698

717

747

790

622

467

345

413

412

115

-

Management fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-98

General and administrative expenses

765

1,068

904

895

1,466

1,390

796

962

1,390

1,333

1,288

1,243

1,588

1,384

1,171

1,679

1,632

1,840

1,419

1,717

1,683

1,539

728

380

252

462

229

177

122

36

Operating expenses reimbursable to Manager

461

397

175

517

540

746

548

570

-

-

915

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses reimbursable to Manager

-

-

-

-

-

-

-

-

746

-

-

961

1,208

1,173

1,184

1,184

1,204

-

-

-

1,051

-

843

870

668

561

634

727

180

258

Operating expenses reimbursable to Manager

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,055

-

-

-

-

-

-

-

-

-

-

Operating expenses reimbursable to Manager

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,338

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

-300

-156

-19

-147

-37

-404

-136

-201

-404

-85

-225

-324

-220

-87

-161

-350

-882

-1,263

20

-586

-619

-

-439

-

-

-

-

-

-

-

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

375

129

85

103

91

7

6

Compensation expense

54

47

46

50

50

96

54

51

96

50

49

52

52

53

50

24

69

69

64

62

60

67

51

54

80

71

74

82

2

0

Total expenses

2,166

2,237

1,703

2,176

2,647

3,212

2,122

2,389

3,212

3,055

3,052

3,135

3,615

3,297

3,190

3,864

4,412

5,363

3,504

4,119

4,133

-

-

-

-

-

-

-

-

-

Net income before provision for income taxes

1,325

1,305

1,891

1,596

1,411

11,315

4,353

-21,490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,801

-5,130

-

5,213

-

-

-

-17,014

-

-

-

Benefit from income taxes

-226

83

-266

202

-63

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

0

-

179

-

-

-

0

-

-

-

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,853

2,304

1,597

1,526

1,454

1,491

428

399

Net income

1,551

1,222

2,157

1,394

1,474

11,315

4,353

-21,490

11,315

8,890

-4,256

-2,296

2,369

12,470

1,850

-7,799

-16,947

3,478

-1,698

3,801

-5,130

-3,603

5,034

4,424

-2,541

10,742

-17,014

7,970

1,528

3,656

Dividends to preferred stockholders

3

3

3

3

480

880

880

870

880

890

880

870

880

890

880

870

880

890

880

870

880

890

880

635

480

42

0

0

2

0

Deemed dividend on preferred stock related to redemption

0

0

0

0

3,093

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common stockholders

1,547

1,218

2,153

1,390

-2,098

10,434

3,472

-22,360

10,434

8,000

-5,136

-3,167

1,488

11,579

970

-8,670

-17,828

2,588

-2,579

2,930

-6,010

-4,493

4,153

3,788

-3,021

10,700

-17,014

7,970

1,525

3,656

Earnings (loss) per share:
Net income (loss) attributable to common stockholders (basic and diluted)

1,547

1,218

2,153

1,390

-2,098

10,434

3,472

-22,360

10,434

8,000

-5,136

-3,167

1,488

11,579

970

-8,670

-17,828

2,588

-2,579

2,930

-6,010

-4,493

4,153

3,788

-3,021

10,700

-17,014

7,970

1,525

3,656

Weighted average number of shares of common stock outstanding (in shares)

24,911

23,688

23,687

23,687

23,687

23,392

23,687

23,683

23,392

22,216

22,139

18,297

17,539

14,763

14,600

14,597

14,605

14,719

14,724

14,721

14,718

14,770

14,640

11,150

8,872

7,487

7,360

7,389

2,293

1,656

Basic and diluted income (loss) per share (in dollars per share)

0.06

0.05

0.09

0.06

-0.09

0.45

0.15

-0.94

0.45

0.38

-0.23

-0.17

0.08

0.79

0.07

-0.59

-1.22

0.18

-0.18

0.20

-0.41

-0.25

0.28

0.34

-0.34

1.08

-2.31

1.08

0.67

2.21

Dividends declared per share of common stock (in dollars per share)

0.08

0.07

0.08

0.08

0.07

0.10

0.06

0.06

0.10

0.15

0.15

0.15

0.15

1.50

0.18

0.18

0.18

0.29

0.30

0.38

0.38

0.37

0.38

0.36

0.36

0.52

0.48

0.45

0.19

0.00