IMPAC MORTGAGE HOLDINGS INC IMH Income Statement

Impac mortgage holdings inc (IMH)

Income statement / TTM

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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Gain on sale of loans, net
98,830	85,613	68,213	57,482	66,750	73,442	102,245	120,310	136,147	181,769	252,451	294,467	311,017	282,037	216,153	185,677	169,206	141,767	103,095	61,042	28,217	28,157	30,904	45,069	57,188	73,542	78,230	0	-	0	0	-	-	-	-	-	-	-
Servicing income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Net interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,047	3,592	4,733	6,006	0	0	0
Change in fair value of net trust assets, excluding REO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,530	26,026	27,169	12,628	0	0	0
Gains (losses) from REO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,765	16,587	22,002	10,170	0	0	0
Non-interest (loss) income - net trust assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,765	9,439	5,167	2,458	0	0	0
Mortgage lending gains and fees, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-
Real estate services fees, net
-	-	-	-	-	-	-	-	-	-	-	-	8,395	8,751	8,848	9,208	9,850	11,319	11,787	13,792	14,729	16,136	17,826	18,621	19,370	20,026	20,421	21,001	21,218	20,386	28,330	34,558	42,153	53,022	55,322	0	0	0
Servicing fees, net
12,943	17,779	24,438	30,763	37,257	37,774	36,142	34,045	31,902	28,630	23,927	18,966	13,734	10,698	9,341	7,555	6,102	4,897	3,378	3,652	4,586	5,083	5,159	4,799	4,240	0	0	0	-	-	-	-	-	-	-	-	-	-
Loss on mortgage servicing rights, net
-24,911	-31,570	-27,007	-16,953	-3,625	-15,041	-20,362	-27,198	-35,880	-13,351	-18,695	-26,508	-36,441	-45,671	-34,632	-22,940	-18,598	-15,753	-11,933	-10,707	-5,116	-3,660	-658	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Real estate services fees, net
3,287	3,727	3,517	3,748	4,327	4,498	5,142	5,608	5,856	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	0	0	-	291	416	611	723	680	1,140	1,099	946	1,051	568	332	413	397	478	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of Experience 1, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	378	632	1,004	3,609	3,541	3,146	957	211	1,508	1,682	2,097	2,485	1,323	0	0	0
Total revenues
90,628	75,821	69,433	75,241	105,000	101,089	123,778	133,488	138,705	204,302	266,219	295,799	297,756	256,383	200,042	179,913	166,957	142,531	106,836	68,253	44,139	51,166	56,289	74,711	88,369	100,417	105,116	0	-	0	0	-	-	-	-	-	-	-
Expenses:
Total non-interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,066	69,478	69,483	61,558	0	0	0
Personnel expense
65,191	60,847	58,183	60,522	64,143	70,774	77,775	82,470	89,647	100,889	116,294	125,513	124,559	113,962	96,810	90,296	77,821	66,440	54,187	39,428	37,398	41,466	47,674	57,246	64,769	68,687	70,019	63,414	56,916	49,076	46,073	46,081	46,362	47,342	44,511	0	0	0
Business promotion
9,319	10,046	13,105	20,092	26,900	32,614	38,666	39,776	40,276	42,488	42,435	43,611	42,571	38,848	39,233	36,626	27,650	19,881	9,413	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General, administrative and other
22,410	24,447	26,725	32,290	35,339	39,598	40,198	37,676	37,424	34,875	34,114	34,632	33,771	31,249	30,613	29,714	27,988	24,477	21,753	18,728	18,760	10,270	11,986	13,552	14,805	17,009	15,917	14,000	11,498	8,280	8,785	9,223	9,583	19,958	19,083	0	0	0
Intangible asset impairment
-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of contingent consideration
-	-	-	-	-	-	-	-	2,058	3,700	4,895	5,947	6,997	7,669	9,124	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-13,326	-15,476	12,537	27,742	30,145	17,672	-16,869	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
96,920	95,376	132,871	235,874	249,352	264,107	238,536	147,621	156,430	166,476	210,275	237,445	238,043	208,848	152,166	123,695	95,681	88,456	77,469	59,553	57,340	62,641	70,313	81,184	89,960	92,043	87,534	0	-	0	0	-	-	-	-	-	-	-
Operating loss
-6,292	-19,555	-63,438	-160,633	-144,352	-163,018	-114,758	-14,133	-17,725	37,826	55,944	58,354	59,713	47,535	47,876	56,218	71,276	54,075	29,367	8,700	-13,201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense):
Interest income
165,198	169,553	175,949	181,952	186,848	195,421	207,387	218,896	230,330	242,050	249,128	255,857	263,600	268,182	273,551	273,518	276,799	285,220	294,550	296,243	295,656	290,133	284,718	293,282	310,391	334,727	375,602	425,049	478,647	529,077	586,765	662,110	737,464	824,106	899,540	0	0	0
Interest expense
155,868	162,184	170,659	178,659	184,331	192,191	203,022	213,979	225,987	238,206	245,526	252,520	260,810	266,336	272,890	272,731	274,853	282,287	290,989	293,737	294,521	289,916	285,450	294,125	310,477	587,519	627,895	423,776	476,828	273,901	331,604	659,063	733,872	819,373	893,534	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of long-term debt
1,429	-4,238	-3,149	-3,019	-3,978	-406	-1,295	-772	2,949	0	0	0	-	0	0	-	8,661	12,251	12,250	10,480	4,014	659	584	1,288	687	262	-437	0	-	0	0	-	-	-	-	-	-	-
Change in fair value of net trust assets, including trust REO losses
-9,831	-5,179	-4,770	-3,094	-2,549	-3,602	-4,032	-2,244	6,213	3,666	6,482	6,642	-304	49	-4,026	-5,389	-5,638	144	3,240	7,149	11,063	6,541	6,178	860	-3,678	-4,828	-3,279	0	-	0	0	-	-	-	-	-	-	-
Total other (expense) income, net
-1,930	6,428	3,669	3,218	3,946	34	1,628	2,180	6,342	-3,562	-9,733	-6,954	-11,950	-5,393	-2,012	-6,147	-12,353	-9,173	-5,449	-825	8,184	6,099	4,862	-1,271	-4,451	-4,758	-1,721	0	-	0	0	-	-	-	-	-	-	-
Total non-interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,506	66,147	67,300	63,594	0	0	0
Loss before income taxes
-8,222	-13,127	-59,769	-157,415	-140,406	-162,984	-113,130	-11,953	-11,383	34,264	46,211	51,400	47,763	42,142	45,864	50,071	58,923	44,902	23,918	7,875	-5,017	-5,376	-9,162	-7,744	-6,042	-328	11,314	16,623	14,289	13,559	11,990	4,607	6,923	6,916	3,970	0	0	0
Income tax (benefit) expense
-245	615	857	4,476	5,000	20,885	22,977	20,322	20,138	3,940	1,706	1,084	1,093	1,704	2,615	2,263	-21,876	-22,952	-23,426	-22,741	1,305	1,439	1,123	399	-1,031	136	153	126	1,244	259	1,208	1,212	1,194	992	80	0	0	0
Net loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,011	-464	11,161	16,497	13,045	13,300	10,782	3,395	5,729	5,924	3,890	0	0	0
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,037	-4,198	-12,942	-15,122	-15,549	-14,648	-7,117	-3,996	-3,078	-3,117	-823	0	0	0
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,048	-4,662	-1,781	1,375	-2,504	-1,348	3,665	-601	2,651	2,807	3,067	0	0	0
Net earnings attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136	324	536	698	871	761	393	-22	-573	-643	-567	0	0	0
Net loss
-7,977	-13,740	-60,624	-161,895	-145,410	-183,875	-136,113	-32,275	-31,521	30,324	44,505	50,316	46,670	40,438	43,249	47,808	80,799	67,854	47,344	30,616	-6,322	-7,801	-11,548	-10,412	-8,184	-4,986	-2,317	677	-3,375	-2,109	3,272	-579	3,224	3,450	3,634	0	0	0
Other comprehensive earnings (loss):
Change in fair value of mortgage-backed securities
-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of instrument specific credit risk of long-term debt
909	-765	-812	-1,605	-3,141	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive loss
-7,068	-14,384	-61,422	-163,479	-148,551	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive earnings
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-