Impac mortgage holdings inc (IMH)
Income statement / Quarterly
Dec'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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Gain on sale of loans, net

26,071

31,073

29,472

12,214

12,854

13,673

18,741

21,482

19,546

42,476

36,806

37,319

65,168

113,158

78,822

53,869

36,188

47,274

48,346

37,398

8,749

8,602

6,293

4,573

8,689

11,349

20,458

16,692

-

25,043

16,037

-

-

-

-

-

-

-

Servicing income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

294

27

-

-

-

-

-

-

-

Net interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

990

530

282

1,245

1,535

1,671

1,555

Change in fair value of net trust assets, excluding REO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,400

8,430

10,297

2,403

4,896

9,573

-4,244

Gains (losses) from REO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,427

4,732

6,867

739

4,249

10,147

-4,965

Non-interest (loss) income - net trust assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,027

3,698

3,430

1,664

647

-574

721

Mortgage lending gains and fees, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,272

-

4,574

2,455

-

-

-

Real estate services fees, net

-

-

-

-

-

-

-

-

-

-

-

-

1,622

2,678

1,995

2,100

1,978

2,775

2,355

2,742

3,447

3,243

4,360

3,679

4,854

4,933

5,155

4,428

5,510

5,328

5,735

4,645

4,678

13,272

11,963

12,240

15,547

15,572

Servicing fees, net

2,973

3,465

3,536

2,969

7,809

10,124

9,861

9,463

8,326

8,492

7,764

7,320

5,054

3,789

2,803

2,088

2,018

2,432

1,017

635

813

913

1,291

1,569

1,310

989

931

1,010

-

-

-

-

-

-

-

-

-

-

Loss on mortgage servicing rights, net

354

-9,755

-9,887

-5,623

-6,305

-5,192

167

7,705

-17,721

-10,513

-6,669

-977

4,808

-15,857

-14,482

-10,910

-4,422

-4,818

-2,790

-6,568

-1,577

-998

-1,564

-977

-

-121

2,004

-

-

-

-

-

-

-

-

-

-

-

Real estate services fees, net

753

921

807

806

1,193

711

1,038

1,385

1,364

1,355

1,504

1,633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

71

187

-

14

71

116

90

139

266

228

47

599

225

75

152

116

-11

156

136

-

197

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of Experience 1, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,780

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121

1,385

-1,058

-70

375

1,757

1,547

-138

-20

-432

801

1,159

154

-17

1,189

-3

Total revenues

30,372

25,775

24,115

10,366

15,565

19,387

29,923

40,125

11,654

42,076

39,633

45,342

77,251

103,993

69,213

47,299

35,878

47,652

49,084

34,343

11,452

11,957

10,501

10,229

18,479

17,080

28,923

23,887

-

30,527

21,779

-

-

-

-

-

-

-

Expenses:
Total non-interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,458

16,157

24,215

16,236

12,870

16,162

16,290

Personnel expense

18,006

18,725

14,339

14,121

13,662

16,061

16,678

17,742

20,293

23,062

21,373

24,919

31,535

38,467

30,592

23,965

20,938

21,315

24,078

11,490

9,557

9,062

9,319

9,460

13,625

15,270

18,891

16,983

17,543

16,602

12,286

10,485

9,703

13,599

12,294

10,766

10,683

10,768

Business promotion

3,091

1,292

2,013

2,923

3,818

4,351

9,000

9,731

9,532

10,403

10,110

10,231

11,744

10,350

11,286

9,191

8,021

10,735

8,679

215

-

252

267

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General, administrative and other

6,284

5,619

5,281

5,226

8,321

7,897

10,846

8,275

12,580

8,497

8,324

8,023

10,031

7,736

8,842

7,162

7,509

7,100

7,943

5,436

3,998

4,376

4,918

5,468

-4,492

6,092

6,484

6,721

-2,288

5,000

4,567

4,219

-5,506

5,505

5,005

4,579

4,869

4,630

Intangible asset impairment

-

-

-

-

-

4,897

13,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

-

-

-

-

-

29,925

74,662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of contingent consideration

-

-

-

-

-

-

-

-

110

396

707

845

1,752

1,591

1,759

1,895

-

2,424

3,046

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-2,274

-4,798

-6,793

539

-4,424

23,215

8,412

2,942

-

-16,897

-11,326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

27,381

25,636

21,633

22,270

25,837

63,131

124,636

35,748

40,592

37,560

33,721

44,557

50,638

81,359

60,891

45,155

21,443

24,677

32,420

17,141

14,218

13,690

14,504

14,928

19,519

21,362

25,375

23,704

-

21,602

16,853

-

-

-

-

-

-

-

Operating loss

2,991

139

2,482

-11,904

-10,272

-43,744

-94,713

4,377

-28,938

4,516

5,912

785

26,613

22,634

8,322

2,144

14,435

22,975

16,664

17,202

-2,766

-1,733

-4,003

-4,699

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense):
Interest income

37,391

39,492

43,061

45,254

41,746

45,888

49,064

50,150

50,319

57,854

60,573

61,584

62,039

64,932

67,302

69,327

66,621

70,301

67,269

72,608

75,042

79,631

68,962

72,021

69,519

74,216

77,526

89,130

93,855

115,091

126,973

142,728

144,285

172,779

202,318

218,082

230,927

248,213

Interest expense

34,890

37,002

40,518

43,458

41,206

45,477

48,518

49,130

49,066

56,308

59,475

61,138

61,285

63,628

66,469

69,428

66,811

70,182

66,310

71,550

74,245

78,884

69,058

72,334

69,640

74,418

77,733

88,686

346,682

114,794

-126,386

141,738

143,755

172,497

201,073

216,547

229,256

246,658

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-1,265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of long-term debt

2,386

-304

-388

-265

-3,281

785

-258

-1,224

291

-104

265

2,497

-

8,641

-1,354

-

0

1

1,544

7,116

3,590

0

-226

650

235

-75

478

49

-

-190

-774

-

-

-

-

-

-

-

Change in fair value of net trust assets, including trust REO losses

-3,965

-1,724

-1,459

-2,683

687

-1,315

217

-2,138

-366

-1,745

2,005

6,319

-2,913

1,071

2,165

-627

-2,560

-3,004

802

-876

3,222

92

4,711

3,038

-1,300

-271

-607

-1,500

-

-2,450

1,278

-

-

-

-

-

-

-

Total other (expense) income, net

-3,850

1,070

1,472

-622

4,508

-1,689

1,021

106

596

-95

1,573

4,268

-9,308

-6,266

4,352

-728

-2,751

-2,885

217

-6,934

429

839

4,841

2,075

-1,656

-398

-1,292

-1,105

-

-1,963

2,639

-

-

-

-

-

-

-

Total non-interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,704

14,399

19,104

17,299

15,345

15,552

15,398

Loss before income taxes

-859

1,209

3,954

-12,526

-5,764

-45,433

-93,692

4,483

-28,342

4,421

7,485

5,053

17,305

16,368

12,674

1,416

11,684

20,090

16,881

10,268

-2,337

-894

838

-2,624

-2,696

-4,680

2,256

-922

3,018

6,962

7,565

-3,256

2,288

5,393

182

-940

2,281

2,447

Income tax (benefit) expense

-182

-230

81

86

678

12

3,700

610

16,563

2,104

1,045

426

365

-130

423

435

976

781

71

-23,704

-100

307

756

342

34

-9

32

-1,088

1,201

8

5

30

216

957

9

12

14

45

Net loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,730

-4,671

2,224

166

1,817

6,954

7,560

-3,286

2,072

4,436

173

-952

2,267

2,402

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-986

-277

-933

-841

-2,147

-9,021

-3,113

-1,268

-1,246

-1,490

8

-350

-1,285

804

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,716

-4,948

1,291

-675

-330

-2,067

4,447

-4,554

826

2,946

181

-1,302

982

3,206

Net earnings attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

73

63

188

212

235

236

78

-156

-180

-315

8

-80

Net loss

-677

1,439

3,873

-12,612

-6,440

-45,445

-97,398

3,873

-44,905

2,317

6,440

4,627

16,940

16,498

12,251

981

10,708

19,309

16,810

33,972

-2,237

-1,201

82

-2,966

-3,716

-4,948

1,218

-738

-518

-2,279

4,212

-4,790

748

3,102

361

-987

974

3,286

Other comprehensive earnings (loss):
Change in fair value of mortgage-backed securities

-

107

-7

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of instrument specific credit risk of long-term debt

474

72

267

96

-1,200

25

-526

-1,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total comprehensive loss

-324

1,618

4,133

-12,495

-7,640

-45,420

-97,924

2,433

-

2,317

6,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total comprehensive earnings

-

-

-

-

-

-

-

-

-

-

-

4,627

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per common share:
Earnings from continuing operations attributable to IMH (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.94

-

0.25

0.59

0.05

-0.08

0.29

0.32

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.40

-

-0.17

-0.19

0.00

-0.04

-0.16

0.11

Basic (in dollars per share)

-0.03

0.07

0.18

-0.60

-0.29

-2.16

-4.65

0.18

-2.35

0.11

0.33

0.29

1.18

1.28

0.99

0.09

0.92

1.89

1.65

3.54

-0.23

-0.13

0.01

-0.33

-

-

-

-

-

-

0.54

-

0.08

0.40

0.05

-0.12

0.13

0.43

Earnings (loss) from continuing operations attributable to IMH (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.24

-

-

-

0.88

-

0.25

0.55

0.04

-0.08

0.27

0.30

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.10

-

-

-

-0.37

-

-0.15

-0.18

0.00

-0.04

-0.15

0.09

Diluted (in dollars per share)

-0.03

0.07

0.18

-0.60

-0.29

-2.16

-4.65

0.18

-2.34

0.11

0.32

0.29

1.13

1.18

0.92

0.08

0.65

1.48

1.33

2.94

-0.23

-0.13

0.01

-0.33

-

-

0.14

-

-

-

0.51

-

0.10

0.37

0.04

-0.12

0.12

0.39

Loss from continuing operations attributable to IMH

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.33

-0.53

0.25

0.02

-

0.86

-

-0.45

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.11

-0.03

-0.11

-0.10

-

-1.15

-

-0.16

-

-

-

-

-

-

Net loss per share available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.44

-0.56

0.14

-0.08

-

-0.29

-

-

-

-

-

-

-

-

Net loss per share available to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.61

-

-

-

-

-

-

Real Estate
Real estate services fees, net

-

921

807

806

-

711

1,038

1,385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-