JMP GROUP LLC JMPB Income Statement

Jmp group llc (JMPB)

Income statement / Quarterly

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
Revenues
Revenue from Contract with Customer
20,528	27,083	20,824	24,747	18,117	27,354	29,473	39,387	31,751	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment banking
-	-	-	-	-	-	-	-	-	-	-	-	-	13,634	15,048	8,375	18,296	51,198	11,918	21,331	20,694	15,893	17,063	23,061	25,053
Brokerage
-	-	-	-	-	-	-	-	4,664	6,002	4,763	5,078	5,286	6,834	5,015	5,811	6,095	19,531	6,046	6,404	6,065	7,331	6,455	6,474	6,656
Asset management fees
-	-	-	-	-	-	-	-	6,425	3,971	4,014	4,153	5,911	-	-	-	-	-	-	-	-	-	-	-	-
Asset management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	7,833	4,044	5,588	9,326	17,828	6,963	4,721	4,662	10,588	9,630	14,858	5,544
Principal transactions
-17,552	-5,027	-340	1,423	5,288	-820	469	1,684	-3,620	-2,829	-1,392	-323	-1,893	5,856	2,764	6,632	930	8,849	-1,440	2,857	3,744	12,129	-4,276	9,688	-3,693
Loss on sale, payoff and mark-to-market of loans
-	0	0	-21	-17	356	-556	-150	-182	-411	278	83	847	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale and payoff of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-52	-533	-376	-1,634	30	-1,132	-578	-309	-12	-551	380
Gain on repurchase of asset-backed securities issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net dividend income
227	316	279	293	296	346	320	319	296	371	278	273	266	231	262	243	263	778	263	256	191	262	242	262	235
Other income (loss)
935	856	759	793	-35	351	306	311	49	430	282	194	445	1,135	0	46	226	-	-279	-	-	-	-	-	-
Non-interest revenues
4,138	23,228	21,522	27,235	23,649	27,587	30,012	41,551	28,294	30,043	30,308	28,586	24,462	-	27,311	26,162	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	740	-	1,192	150	222
Non-interest revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,760	97,772	23,501	34,499	35,518	47,665	30,294	53,942	34,397
Interest income
2,214	2,410	2,328	2,772	14,291	19,463	18,652	15,669	12,710	11,496	10,900	9,696	9,067	10,787	11,472	12,124	12,401	38,126	12,675	12,801	12,777	12,269	9,973	9,212	8,588
Interest expense
1,782	1,816	1,930	1,939	10,773	14,427	13,789	11,634	9,702	9,053	8,811	7,743	8,095	8,493	8,212	8,110	7,975	22,217	7,523	7,386	7,288	7,532	5,614	5,424	4,828
Net interest income
432	594	398	833	3,518	5,036	4,863	4,035	3,008	2,443	2,089	1,953	972	2,294	3,260	4,014	4,426	15,909	5,152	5,415	5,489	4,737	4,359	3,788	3,760
Gain on repurchase, reissuance or early retirement of debt
697	-	-458	-	-	-	-170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on repurchase, reissuance or early retirement of debt
-	-	-	-	-	-	-	-42	-2,626	-775	0	-5,542	210	-	0	0	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	438	-	-	925	1,454	1,280	1,465	875	368	1,854	1,266	606	-104	453	631	527	563	-545	57	-1,229	956	212	497
Total net revenues
5,267	23,822	21,024	28,068	27,167	31,698	33,251	44,264	27,211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,675	29,723	-	-	-	-	-	-	-	-	-
Total net revenues after provision for loan losses
-	-	-	-	-	-	-	-	-	-	32,029	23,143	24,378	-	-	-	38,555	113,154	28,090	40,459	40,950	53,631	33,697	57,518	37,660
Non-interest expenses
Compensation and benefits
16,213	22,641	17,506	19,945	17,222	21,289	22,671	29,138	24,261	21,588	24,563	22,652	21,798	30,960	22,167	20,681	27,425	81,611	21,949	27,524	27,064	25,910	28,315	37,979	31,376
Administration
2,222	2,409	2,301	2,748	1,929	1,658	2,302	2,711	2,233	1,465	1,459	2,721	1,819	1,384	1,808	2,014	1,818	1,525	1,719	2,293	1,692	1,927	1,901	1,760	1,722
Brokerage, clearing and exchange fees
634	655	617	733	701	724	808	788	777	921	740	789	759	802	734	813	761	2,536	842	814	798	789	772	818	925
Travel and business development
922	1,609	1,263	1,347	1,021	1,594	1,080	1,202	954	1,299	709	1,111	915	1,223	1,019	1,238	1,291	3,645	1,101	1,295	938	1,402	890	980	851
Managed deal expenses
588	584	685	1,334	533	321	614	2,348	1,566	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Communications and technology
1,129	1,149	1,061	1,127	1,053	958	1,040	1,047	1,062	1,158	1,046	1,051	1,053	1,079	1,033	1,044	1,016	2,965	964	982	970	983	970	942	948
Occupancy
1,199	1,201	1,196	1,409	1,423	1,338	1,172	1,143	1,117	1,079	1,117	1,111	1,111	1,048	987	930	936	2,712	945	961	813	815	846	851	825
Professional fees
890	846	1,236	821	1,456	1,131	1,272	1,138	1,905	1,298	1,094	853	1,162	1,154	1,119	1,053	1,073	3,061	1,252	1,040	974	1,505	1,157	1,269	807
Depreciation
548	288	307	311	297	288	285	287	264	271	277	303	311	312	312	324	332	787	390	215	226	242	235	227	227
Other
-	-200	200	5	495	462	369	776	387	417	366	950	677	621	491	540	621	1,778	465	698	530	564	236	330	212
Total non-interest expenses
24,345	31,182	26,372	29,780	26,130	29,763	31,613	40,578	34,526	29,496	31,371	31,541	29,605	38,583	29,670	28,637	35,273	-	29,627	35,822	-	-	-	-	-
Total non-interest expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-34,005	-	-35,322	-45,156	-37,893
Net income (loss) before income taxes
-19,078	-7,360	-5,348	-1,712	1,037	1,935	1,638	3,686	-7,315	1,340	658	-8,398	-5,227	-2,559	1,005	1,086	3,282	8,549	-1,537	4,637	6,945	19,494	-1,625	12,362	-233
Income tax benefit
-7,239	-988	-1,220	-517	-4,102	1,313	527	4,895	-5,568	1,913	1,113	-198	-1,084	-3,855	-597	-246	50	564	-343	-2,864	7,000	2,409	1,460	2,450	1,696
Net income (loss)
-11,839	-6,372	-4,128	-1,195	5,139	622	1,111	-1,209	-1,747	-573	-455	-8,200	-4,143	1,296	1,602	1,332	3,232	7,985	-1,194	7,501	-55	17,085	-3,085	9,912	-1,929
Less: Net income (loss) attributable to non-controlling interest
-91	73	-67	-83	70	826	823	779	-1,464	800	780	335	597	507	941	1,659	1,429	5,202	1,797	1,675	1,837	12,421	-4,580	6,717	-5,927
Net income (loss) attributable to JMP Group LLC
-11,748	-6,445	-4,061	-1,112	5,069	-204	288	-1,988	-283	-1,373	-1,235	-8,535	-4,740	789	661	-327	1,803	2,783	-2,991	5,826	-1,892	4,664	1,495	3,195	3,998
Net income (loss) attributable to JMP Group LLC per common share:
Basic (in dollars per share)
-0.60	-0.30	-0.21	-0.05	0.24	-0.01	0.01	-0.09	-0.01	-0.07	-0.06	-0.39	-0.22	0.05	0.03	-0.02	0.08	-0.04	-0.14	0.26	-0.09	0.21	0.07	0.14	0.17
Diluted (in dollars per share)
-0.60	-0.30	-0.21	-0.05	0.24	-0.01	0.01	-0.09	-0.01	-0.07	-0.06	-0.39	-0.22	0.04	0.03	-0.02	0.08	-0.03	-0.14	0.25	-0.09	0.21	0.06	0.13	0.17
Distributions declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.09	0.09	0.09	0.09	0.09	0.09	0.12	0.12	0.15	0.11	0.10	0.07	0.06	0.05	0.04
Weighted average common shares outstanding:
Basic (in shares)
19,532	19,372	19,324	20,772	21,288	21,322	21,435	21,537	21,666	21,566	21,525	21,652	21,573	21,067	20,946	21,058	21,349	21,258	21,241	21,233	21,216	20,706	21,686	21,712	21,820
Diluted (in shares)
19,532	19,231	19,324	20,772	21,429	21,020	21,737	21,537	21,666	21,566	21,525	21,652	21,573	22,540	21,901	21,058	21,865	19,527	21,241	22,964	21,216	22,977	23,834	23,745	23,612
Total Investment Banking Revenues [Member]
Revenue from Contract with Customer
14,625	20,873	15,228	17,736	11,879	-	21,095	28,562	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Brokerage Revenue [Member]
Revenue from Contract with Customer
4,187	4,468	3,968	4,657	4,535	-	4,676	5,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Asset Management Fees [Member]
Revenue from Contract with Customer
1,716	1,742	1,628	2,354	1,703	-	3,702	5,378	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Banking [Member]
Investment banking
-	-	-	-	-	-	-	-	20,662	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-