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Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Home Capital Group Inc
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Comment by Moneyman777on May 06, 2015 10:14pm
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Post# 23702526

RE:Strong Quarter - Defensive Moves

RE:Strong Quarter - Defensive MovesThis is my favorite part most likely. Hopefully it rids the shorts once and for all. Every last one. Good job HCG.

  • The credit quality of the loan portfolio remains very strong with low non-performing loans and credit losses. Provisions for credit losses were $2.4 million for the quarter, a decrease from the $3.2 million recorded both last quarter and in the comparable period of 2014. The provision as a percentage of gross uninsured loans was 0.07% in the quarter on an annualized basis, down from 0.09% last quarter and 0.11% in Q1 2014. Net non-performing loans as a percentage of gross loans (NPL ratio) ended the quarter at 0.25% compared to 0.30% at the end of last quarter, and 0.33% one year ago.
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