Earnings Beat Expectations

Revenue for the quarter rose to $125.22 million, a 33.2 % YoY increase, and exceeded analysts’ forecast of $113.5 million. Net interest income grew 22 % to $118.1 million, while the net effective spread reached a record $117.4 million (126 basis points). Core earnings hit $58.8 million, or $5.40 per diluted share, beating the Zacks consensus estimate of $4.97 and exceeding earnings expectations by 8.43 %. Pre‑tax profit was $81.84 million, with a 65.4 % margin. Net income for the quarter was $66.95 million and diluted EPS from continuing operations was $5.41.