ECN Capital Corp. Reports Earnings Results for Third Quarter and Nine Months Ended September 30, 2024
Q3 Earnings Highlights
- Net income of $54.1 million, an increase of 12.3% compared to $48.2 million in Q3 2023
- Diluted EPS of $0.63 per share, an increase of 10.3% compared to $0.57 per share in Q3 2023
- Total revenue of $192.3 million, a 9.2% increase compared to $176.2 million in Q3 2023
Nine Months Ended September 30, 2024
- Net income of $156.2 million, an increase of 15.4% compared to $135.4 million in the first nine months of 2023
- Diluted EPS of $1.83 per share, an increase of 13.6% compared to $1.61 per share in the first nine months of 2023
- Total revenue of $547.1 million, an 11.3% increase compared to $491.3 million in the first nine months of 2023
Conference Call
ECN Capital Corp. will hold a conference call to discuss the financial results on November 15, 2024, at 10:00 AM Eastern Time.Financial Tables (in thousands except for per share data)
| Description | Three Months Ended September 30, | Three Months Ended September 30, | Nine Months Ended September 30, | Nine Months Ended September 30, |
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $54,103 | $48,217 | $156,153 | $135,439 |
| Diluted EPS | $0.63 | $0.57 | $1.83 | $1.61 |
| Total revenue | $192,334 | $176,182 | $547,115 | $491,344 |
About ECN Capital Corp.
ECN Capital Corp. is a leading provider of financial services to small and medium-sized businesses. The company offers a comprehensive suite of products and services, including commercial lending, equipment financing, and business insurance. ECN Capital Corp. is headquartered in Toronto, Canada.For more information, please contact:
Investor Relations
ECN Capital Corp.
416-555-1212
