Globe & Mail 07:11 AM EDT, 08/13/2021 (MT Newswires) -- Home Capital Group Inc. (HCG.TO) on Friday reported Q2 2021 net income of $72.8 million or $1.42 per diluted share, compared with net income of $34.1 million, or $0.65 per diluted share in Q2 2020.
Adjusted net income was $73.9 million or $1.44 per share in Q2 2021, versus $36.65 million and and $0.70 per share in Q2 2020.
Net interest income was $123.7 million, up from Q2 2020's $115.8 million.
Home Capital generated mortgage originations of $2.13 billion in Q2 2021, compared with $1.50 billion in Q2 2020.
The mortgage lender reported that ROE (annualized) was 16.6%, almost double the 8.9% for the prior period. Adjusted ROE was 16.9% and 9.5% for the comparative periods.
"We see considerable opportunities in a strong housing market, diversifying our funding options and adding new capabilities that drive sustainable growth," said Yousry Bissada, President and Chief Executive Officer. "As the economy continues to open up, we believe we are well-positioned to drive progress in all our focus areas."
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