HUNT COMPANIES FINANCE TRUST, INC. HCFT Income Statement

Hunt companies finance trust, inc. (HCFT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Sep'12
Revenues:
Interest income:
Available-for-sale securities
-	-	7,079	7,079	-	17,828	18,962	26,789	29,778	29,521	28,003	26,726	25,399	23,475	22,058	20,969	22,391	24,298	22,676	21,729	19,463	16,560	17,242	20,079	0	-	0	0	-	-
Residential mortgage loans held-for-sale
-	-	-	-	-	-	-	-	43	72	89	199	337	430	718	1,095	1,514	2,097	4,110	4,920	4,339	3,634	1,314	4	0	-	0	0	-	-
Commercial mortgage loans held-for-investment
38,231	38,969	30,018	29,558	25,163	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Multi-family loans held in securitization trusts
0	78	13,305	13,642	20,619	33,768	33,819	46,956	53,549	54,271	54,982	55,975	57,098	58,587	60,934	63,262	65,818	68,016	70,404	56,043	38,793	21,158	0	0	0	-	-	-	-	-
Residential loans held in securitization trusts
-	-	1,147	1,147	-	3,249	3,302	4,552	4,896	5,103	5,345	5,677	7,788	10,585	13,556	16,616	18,246	19,986	20,011	15,369	10,330	4,438	0	0	0	-	-	-	-	-
Cash and cash equivalents
37	9	67	78	134	195	159	205	189	164	154	102	72	41	29	22	17	16	12	17	19	21	25	21	0	-	0	0	-	-
Interest expense:
Repurchase agreements - available-for-sale securities
-	-	4,951	4,951	-	12,588	12,042	16,161	16,349	13,493	10,925	8,378	6,843	6,237	5,874	5,793	6,243	6,467	5,856	5,000	3,812	2,661	2,591	2,948	0	-	0	0	-	-
Collateralized loan obligations
19,673	20,882	16,147	15,269	12,702	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured term loan
0	-	1,907	1,115	329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase agreements - mortgage loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	67	161	237	422	665	963	1,323	2,606	3,027	2,640	2,203	727	5	0	-	0	0	-	-
Multi-family securitized debt obligations
-	-	12,526	12,764	-	31,930	31,978	44,507	50,729	51,440	52,139	53,113	54,065	54,940	56,538	58,170	60,134	62,157	64,447	51,314	35,536	19,400	0	0	0	-	-	-	-	-
Residential securitized debt obligations
-	-	920	920	-	2,606	2,645	3,640	3,905	4,059	4,239	4,454	6,013	8,117	10,240	12,167	12,679	13,156	13,470	10,332	7,230	3,575	0	0	0	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net interest income
15,382	15,413	15,166	16,485	17,008	15,919	17,584	17,215	17,473	20,139	21,260	22,667	23,611	23,588	24,222	25,169	27,967	31,309	30,834	28,405	23,726	17,971	15,276	14,154	16,627	14,180	11,416	0	0	0
(Increase) decrease in credit reserves
-	-	-	-	-	-	-	-	-	-	-	912	766	745	828	497	1,211	-745	-1,761	-1,410	0	-	0	0	-	-	-	-	-	-
Increase in credit reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Additional other-than-temporary credit impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	2,890	2,890	2,890	2,890	0	0	0	0	-	-	-	-	-
Total impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	728	582	561	644	497	1,211	-3,636	-4,652	-4,301	-4,868	0	0	0	0	-	-	-	-	-
Other income:
Realized (loss) on investments, net
0	-709	-3,557	-3,571	-34,068	-36,206	-32,796	-37,930	-7,585	-14,054	-18,471	-14,072	-10,149	-7,216	-5,729	-3,515	-6,762	-533	7,538	7,098	7,325	3,271	0	0	0	-	-	-	-	-
Change in unrealized gain on fair value option securities
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized gain (loss) on fair value option securities
-	-	-	-	-	-	-	-	0	-	-	7,375	1,412	-8,406	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-
Realized gain (loss) on sale of investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Change in unrealized gain (loss) and net interest income from Linked Transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,605	21,185	20,276	9,976	5,838	3,665	0	0	0
Change in unrealized gain (loss) on fair value option securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Change in unrealized gain (loss) on fair value option securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Realized gain on derivative contracts, net
-	-	2,792	2,792	-	28,777	26,155	24,518	2,779	2,219	2,128	2,944	729	-3,089	-2,882	-10,323	-10,779	-12,024	-19,753	-20,569	-20,202	-18,214	-11,425	6,054	18,041	18,812	19,450	0	0	0
Change in unrealized (loss) on derivative contracts, net
-	-	12,783	12,783	-	7,433	529	836	13,155	-2,704	4,084	7,118	10,880	5,495	-3,045	-4,754	-1,801	4,909	-1,057	7,320	450	-2,931	2,961	-17,322	-3,733	878	-3,238	0	0	0
Realized (loss) on residential mortgage loans held-for-sale, net
-	-	-	-	-	-	-	-	-221	-221	-256	25	94	94	327	253	943	1,216	944	1,051	0	-	0	0	-	-	-	-	-	-
Realized (loss) on mortgage loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-
Change in unrealized gain on residential mortgage loans held-for-sale
-	-	-	-	-	-	-	-	21	17	-130	-297	-352	-151	-696	-18	-550	-197	351	286	881	329	474	0	0	-	0	0	-	-
Change in unrealized gain (loss) on mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	143	54	827	1,158	1,442	1,572	671	0	0	0	-	-	-	-	-	-	-	-	-
Unrealized (loss) on mortgage servicing rights
-1,795	-1,297	-1,226	-677	865	1,302	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Unrealized gain on multi-family loans held in securitization trusts
0	694	-661	296	-5,167	-7,217	-5,305	-5,568	697	3,353	3,182	3,418	-5,456	-5,219	-5,152	-4,278	5,596	6,097	5,930	4,125	0	-	0	0	-	-	-	-	-	-
Change in unrealized gain on residential loans held in securitization trusts
-	-	-255	-255	-	5,394	5,462	5,307	-848	-961	-449	-1,058	2,590	404	-417	-976	-7,351	-8,153	-7,655	-6,332	0	-	0	0	-	-	-	-	-	-
Other interest expense
-	-	-	-	-	-	-	-	0	152	152	2,012	2,012	1,860	1,860	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-
Servicing income, net
814	869	896	939	950	922	902	893	889	922	927	910	961	932	816	622	435	211	0	0	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	15	43	88	104	101	81	49	46	38	30	19	32	52	85	110	85	59	26	0	-	0	0	-	-	-	-	-	-
Total other (loss)
-980	-443	10,788	12,350	-11,045	511	-3,735	-11,045	8,635	-2,574	-805	4,235	-1,335	-19,811	-27,454	-31,489	-23,145	-10,102	0	0	0	-	-	-	-	-	-	-	-	-
Total other income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,844	-11,658	-11,399	-6,051	-11,502	0	0	0
Expenses:
Management fee
2,276	2,245	2,253	2,282	2,320	2,343	2,311	2,297	2,246	2,215	2,269	2,319	2,393	2,472	2,528	2,607	2,679	2,774	2,866	2,953	2,877	2,627	2,226	1,849	1,639	1,287	0	0	0	-
Management fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
General and administrative expenses
3,634	4,335	4,656	4,549	4,615	4,539	4,482	4,975	5,256	5,454	5,505	5,388	5,823	5,867	6,323	6,571	6,609	6,660	6,360	5,669	4,332	2,901	1,823	1,324	1,121	992	565	0	0	0
Operating expenses reimbursable to Manager
1,550	1,629	1,978	2,351	2,405	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses reimbursable to Manager
-	-	-	-	-	-	-	-	0	-	-	4,529	4,751	4,747	0	0	0	-	-	-	3,630	-	2,944	2,734	2,591	2,103	1,800	0	0	0
Operating expenses reimbursable to Manager
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Operating expenses reimbursable to Manager
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
-623	-360	-608	-725	-779	-1,146	-827	-916	-1,039	-855	-857	-792	-818	-1,480	-2,656	-2,475	-2,711	-2,448	-1,624	0	0	-	0	-	-	-	-	-	-	-
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	694	410	288	209	0	0	0
Compensation expense
198	193	242	250	251	297	252	246	248	205	208	209	180	197	213	227	265	256	254	242	234	253	257	280	308	230	159	0	0	0
Total expenses
8,283	8,764	9,740	10,159	10,373	10,937	10,780	11,710	12,455	12,858	13,101	13,239	13,968	14,765	16,831	17,144	17,400	17,120	0	0	0	-	-	-	-	-	-	-	-	-
Net income before provision for income taxes
6,118	6,205	16,214	18,676	-4,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) before provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-	-	0	-	-	-
Benefit from income taxes
-206	-43	-126	139	-63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-	-	0	-	-	-
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,282	6,883	6,071	4,901	3,774	0	0	0
Net income
6,325	6,248	16,341	18,536	-4,347	5,492	3,068	-5,540	13,652	4,706	8,286	14,393	8,890	-10,426	-19,418	-22,967	-11,366	450	-6,631	101	724	3,313	17,659	-4,388	-842	3,226	-3,859	0	0	0
Dividends to preferred stockholders
15	491	1,368	2,245	3,112	3,512	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,522	3,287	2,887	2,039	1,158	523	44	2	0	0	0
Deemed dividend on preferred stock related to redemption
0	3,093	3,093	3,093	3,093	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stockholders
6,310	2,664	11,880	13,198	-10,552	1,980	-453	-9,062	10,130	1,184	4,764	10,871	5,368	-13,948	-22,940	-26,489	-14,888	-3,071	-10,153	-3,420	-2,562	426	15,620	-5,547	-1,366	3,181	-3,862	0	0	0
Earnings (loss) per share:
Net income (loss) attributable to common stockholders (basic and diluted)
6,310	2,664	11,880	13,198	-10,552	1,980	-453	-9,062	10,130	1,184	4,764	10,871	5,368	-13,948	-22,940	-26,489	-14,888	-3,071	-10,153	-3,420	-2,562	426	15,620	-5,547	-1,366	3,181	-3,862	0	0	0
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