MMA CAPITAL HOLDINGS, INC. MMAC Income Statement

Mma capital holdings, inc. (MMAC)

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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income
Interest on bonds
3,001	3,576	5,111	6,808	7,935	9,430	9,736	9,846	9,713	10,006	10,983	13,126	14,155	15,029	15,190	14,453	14,932	15,994	18,035	19,789	18,550	19,088	17,979	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest on loans and short-term investments
4,937	5,781	4,829	3,930	3,558	3,362	2,647	1,939	1,234	829	1,629	2,736	3,418	3,535	2,995	2,190	2,093	2,383	2,148	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest income
7,938	9,357	9,940	10,738	11,493	12,792	12,017	11,231	9,957	9,177	9,354	10,390	10,737	11,494	12,195	12,263	12,839	13,611	15,845	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,625	64,646	65,791	68,061	74,196	77,387	82,167	87,033	87,859	0	0	0
Asset related interest expense
Bond related debt
191	428	1,010	1,640	2,122	2,496	2,424	2,265	2,036	1,836	1,769	1,702	1,593	1,477	1,347	1,261	1,305	1,336	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-bond related debt
151	213	230	179	123	61	0	0	0	-	-	-	-	687	1,069	1,193	1,108	1,002	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bond related debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-bond related debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
342	641	1,240	1,819	2,245	2,557	2,424	2,265	2,036	1,836	1,804	1,918	2,026	2,164	2,416	2,454	2,413	2,338	2,054	1,957	2,391	3,120	4,712	6,385	19,166	24,252	28,794	33,142	26,091	26,659	12,432	19,731	27,285	35,526	59,091	61,851	0	0	0
Net interest income
7,596	8,716	8,700	8,919	9,248	10,235	9,776	9,243	8,416	8,170	9,179	11,208	12,129	12,865	12,774	11,999	12,519	13,656	15,981	17,832	16,159	15,968	11,637	8,897	8,129	13,676	21,987	29,483	38,555	39,132	0	0	0	-	-	-	-	-	-
Non-interest income
Weighted-average common shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,606	40,490
Net gains related to CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	15,227	19,640	10,850	21,476	36,625	41,576	33,131	38,706	14,019	0	0	0	-	-	-	-	-	-
Equity in income from unconsolidated funds and ventures
22,076	21,904	17,661	14,910	10,822	7,673	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-25,992	-21,463	-27,821	-28,018	-26,884	-34,476	-34,422	-59,006	-40,070	0	0	0	-	-	-	-	-	-
Net gains on bonds
25,035	28,606	31,500	29,344	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127,976	126,526	0	0	0
Net gains on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,786	13,465	4,248	3,747	0	0	0
Net gains on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-693	-835	-428	-1,523	0	0	0
Net gains (losses) on loans
-	-	-	-	-	-	-	-	-	-	-7,125	-7,756	-7,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on real estate and other investments
-	-	0	-	-	-	0	-	-	0	0	0	-	1,685	8,278	10,989	16,611	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales and operations of real estate, net
-	-	-	-	-	-	-	-	-	6,237	-	-	-	1,504	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on bonds
-	-	-	-	-	-	-	-	0	-	0	-	-	12,217	3,766	4,461	8,225	6,513	12,451	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (losses) gains on derivatives
-	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,227	-9,152	-8,999	-11,231	-11,567	0	0	0
Net losses on derivatives
0	-	-	-	0	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on loans and extinguishment of liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (losses) gains on derivatives and other assets
-	-	-	-	-	-	-	-	-	1,710	-	-	-	-	-	-	-	8,321	5,197	4,057	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	6,147	4,790	0	0	0	-	-	-	-	-	-	-	77,234	78,783	77,876	0	0	-	0	-	-	-	-	-	-	-	-
Net losses on extinguishment of liabilities
-	-	-30	-44	-	-14	0	0	0	-	0	0	-	-	0	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Income on preferred stock investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,353	5,259	5,259	5,260	5,260	5,260	5,260	5,260	5,260	5,255	5,269	5,501	5,749	5,986	6,203	6,216	6,228	6,286	6,351	0	0	0
Asset management fees and reimbursements
-	-	-	-	-	-	-	-	-	20,355	-	-	7,206	8,907	8,470	7,964	7,278	6,807	6,714	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset management fees and reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
408	424	275	223	325	352	423	1,188	1,522	1,584	1,608	1,924	2,427	2,968	3,038	2,585	2,441	2,517	1,637	1,673	1,686	1,816	3,151	3,268	2,962	2,650	2,730	2,410	2,516	2,525	2,214	2,539	2,862	3,099	3,229	3,385	0	0	0
Total fee and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,515	9,736	0	0	0
Revenue from CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	988	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	100,033	100,673	0	0	0
Revenue from CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-interest income
45,136	48,818	57,814	60,794	40,059	37,128	23,338	13,570	10,296	7,413	4,123	6,869	9,633	11,875	12,506	13,082	13,696	14,665	15,923	19,461	23,458	27,150	28,781	30,292	30,627	28,053	20,066	16,798	17,372	19,486	0	0	0	-	-	-	-	-	-
Other expenses
Total revenues, net of interest expense
-	-	-	-	-	-	-	-	-	15,583	13,302	18,077	21,762	24,740	25,280	25,081	26,215	28,321	31,904	37,293	39,617	43,118	40,418	39,189	38,756	41,729	42,053	46,281	55,927	58,618	0	0	0	-	-	-	-	-	-
Interest expense
6,834	5,774	4,788	4,747	4,701	4,528	4,509	4,417	4,549	4,794	4,930	5,072	4,962	4,813	4,610	4,694	5,229	7,293	9,518	11,618	13,399	13,776	14,077	14,305	14,432	14,988	15,725	16,736	17,823	18,542	0	0	0	-	-	-	-	-	-
Salaries and benefits
-	-	109	142	-	1,237	4,948	9,119	10,791	13,291	14,297	14,381	16,837	17,113	16,605	16,549	16,541	15,733	14,725	13,466	12,651	12,708	11,671	11,593	11,759	12,318	12,716	12,278	11,525	10,428	9,990	10,318	10,667	10,945	11,402	11,683	0	0	0
External management fees and reimbursable expenses
7,740	7,248	7,149	6,562	6,618	6,869	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
1,349	1,304	1,381	1,472	1,524	1,558	1,999	2,082	2,137	2,151	1,989	2,211	2,455	2,793	2,856	2,942	3,060	3,223	3,208	3,226	3,347	3,447	3,765	4,130	4,369	4,699	4,739	4,923	4,962	5,025	4,668	4,750	5,153	5,150	5,723	6,185	0	0	0
Professional fees
2,214	2,472	2,867	3,489	3,825	6,072	8,417	9,751	10,100	8,383	6,515	5,445	5,868	5,868	5,574	4,798	4,320	3,967	4,243	5,032	5,134	5,372	5,588	5,456	7,530	8,492	8,377	8,527	6,854	6,764	6,793	7,229	7,707	8,634	10,730	12,420	0	0	0
Other expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
-	-	0	0	-	388	4,456	15,007	21,802	26,019	27,031	23,745	23,454	24,974	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset management fee expense (includes $0 and $5,698 related to CFVs)
-	-	-	-	-	-	-	-	-	5,792	5,000	5,050	5,061	4,999	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Portion of other-than-temporary impairment recognized in AOCI
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Net impairment on bonds recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Impairment on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,233	9,403	9,543	12,815	11,496	9,537	0	0	0
Net loan loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-5,647	-5,647	-4,284	-3,119	858	1,281	1,831	0	0	0
Real estate owned, net expense (revenue)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Real estate owned, net (revenue) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Other expenses (includes $459 and $1,370 related to CFVs for the three months and nine months ended September 30, 2017, respectively)
-	-	-	-	-	-	-	-	-	3,218	3,045	2,836	3,507	3,678	6,043	7,736	8,165	7,457	3,983	3,656	2,788	3,482	6,674	5,912	6,914	8,047	8,464	8,241	7,995	6,446	3,558	3,255	3,038	3,651	5,883	7,377	0	0	0
Expenses from CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,797	58,687	65,093	78,054	90,435	84,403	92,606	97,441	101,116	95,745	91,066	84,305	76,899	0	0	0	-	-	-	-	-	-
Total other expenses
19,380	17,031	16,902	17,233	17,462	21,685	34,678	50,877	59,439	63,648	62,807	58,740	62,144	64,238	67,439	70,992	72,986	75,470	83,886	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income from continuing operations before income taxes
33,352	40,503	49,612	52,480	31,845	25,678	671	-15,771	-26,432	-38,354	-23,093	-25,287	-24,436	-5,112	-18,344	-18,311	-18,035	-36,321	-104,014	-90,391	-102,027	-99,364	-45,165	13,392	25,380	71,785	72,528	-3,507	1,976	-41,520	-42,758	-41,615	0	-	0	0	-	-	-
Loss from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income tax benefit (expense)
-61,686	-60,482	35	131	901	32	-1,079	-817	-58	-615	1,080	739	-806	679	134	237	264	263	349	2,122	867	242	176	-1,620	-331	-1,304	-1,273	-1,372	-1,444	101	189	133	145	239	-678	-625	0	0	0
Net (loss) income from continuing operations
95,038	100,985	49,577	52,349	30,944	25,646	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations, net of tax
-1	-8	13,376	13,652	14,600	35,356	21,987	26,806	31,358	11,802	11,868	8,058	2,642	1,532	1,534	332	332	327	341	4,161	3,637	18,038	38,175	34,643	36,176	26,758	9,496	9,727	8,304	2,960	18,659	18,673	19,286	19,679	1,573	-4,286	0	0	0
Net (loss) income
95,037	100,977	62,953	66,001	45,544	61,002	23,737	11,852	4,984	-25,937	-12,305	-17,968	-20,988	-4,259	-16,944	-18,216	-17,967	-36,257	-104,022	-88,352	-99,257	-81,568	-7,166	49,655	61,887	99,847	83,297	7,592	11,724	-38,661	5,084	13	-11,167	-18,809	-64,949	-77,371	0	0	0
Basic and diluted income per common share:
(Loss) income from continuing operations
-0.53	-	-	-	0.49	-	-	-	-0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	3.67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on early extinguishment of liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,003	-1,774	842	768	945	752	0	0	0	-	-
Net gains transferred into net income from AOCI due to consolidation or real estate foreclosure
-	-	-	-	-	-	-	-	-	-	-	-	-	25,860	0	0	0	-	-	-	-	2,003	2,003	4,414	12,898	10,895	13,748	13,887	0	-	0	0	-	-	0	-	-	-	-
Earnings Per Share, Basic and Diluted, Total
-0.53	-	-	-	0.49	-	-	-	3.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-0.41
Net losses allocable to noncontrolling interests in CFVs:
-	-	-	-	-	-	-	-	-	45,339	0	0	0	-	-	-	-	54,983	-25,553	-46,471	-76,003	-100,366	0	0	0	-	-	0	-	-	-	-	-	-	-	-	0	-	-
Net income allocable to common shareholders
-	-	-	-	-	-	-	-	-	19,402	30,336	24,590	22,303	42,352	33,599	33,008	35,169	18,726	6,035	15,063	5,354	18,798	39,499	100,203	102,170	127,840	108,282	35,684	38,549	3,115	47,106	41,781	36,536	27,998	-15,923	-27,898	0	0	0
Basic income per common share:
Income from continuing operations
-	-	0.95	3.95	-	-	1.44	0.32	-	0.94	0.74	0.25	-0.88	2.71	0.47	0.80	2.54	1.15	0.52	1.04	0.01	-	1.17	-	-0.13	2.72	8.63	-0.03	0.84	-0.22	0.03	0.05	0.08	-	-0.11	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	0.05	0.16	-	1.24	0.95	1.01	0.30	0.01	0.21	0.01	0.01	0.01	0.01	0.01	0.01	-	0.52	-	1.82	2.87	0.04	0.02	0.09	0.12	-0.01	0.01	0.01	-	0.00	-	-	-	-
Income per common share
-	-	0.95	3.95	-	-	1.49	0.48	-	0.94	1.69	1.26	-0.58	2.72	0.68	0.81	2.55	1.16	0.53	1.05	0.02	-	1.69	-	1.69	5.59	8.67	-0.01	0.93	-0.10	0.02	0.06	0.09	0.97	-0.11	-0.07	-0.11	-	-
Diluted income per common share:
Income from continuing operations (in dollars per share)
-	-	0.95	3.95	-	-	1.37	0.26	-	0.84	0.74	0.21	-0.88	2.61	0.44	0.80	2.51	1.15	0.50	1.04	0.01	-	1.12	-	-0.13	2.76	8.31	-0.03	0.83	-0.22	0.03	0.05	0.08	-	-0.11	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	0.04	0.16	-	1.30	0.95	0.95	0.30	0.01	0.20	0.01	0.01	0.01	0.01	0.01	0.01	-	0.50	-	1.82	2.77	0.04	0.02	0.09	0.12	-0.01	0.01	0.01	-	0.00	-	-	-	-
Income per common share (in dollars per share)
-	-	0.95	3.95	-	-	1.41	0.42	-	0.84	1.69	1.16	-0.58	2.62	0.64	0.81	2.52	1.16	0.51	1.05	0.02	-	1.62	-	1.69	5.53	8.35	-0.01	0.92	-0.10	0.02	0.06	0.09	0.97	-0.11	-0.07	-0.11	-	-
Weighted-average common shares outstanding:
Basic and diluted
5,804	-	-	-	5,882	-	-	-	5,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	5,887	5,884	-	-	5,804	5,697	-	5,838	5,871	5,893	5,937	6	6	6	6	6,617	6,746	6,955	7,213	7,301	7,454	7,792	8,041	-59,613	8,458	42,406	42,445	42,417	42,304	42,194	42,121	-81,954	41,223	41	40,855	-	-
Diluted (in shares)
-	-	5,887	5,884	-	-	6,087	6,074	-	6,223	5,871	6,275	5,937	6	6	6	6	6,617	7,091	6,955	7,213	6,983	7,772	7,792	8,041	-60,034	8,783	42,406	43,717	42,562	42,380	42,434	42,396	-81,954	41,223	41	40,855	-	-