Stonegate Mortgage Q3 Profit Declines - Quick Facts

(RTTNews) - Stonegate Mortgage Corp. (SGM), a non-bank mortgage company focused on originating, financing and servicing U.S. residential mortgage loans, reported that its third-quarter net income attributable to stockholders declined to $1.68 million or $0.10 per share, from $9.45 million or $1.00 per share, last year. Adjusted net income was $6.12 million or $0.35 per share, for the quarter.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $32.28 million, compared to $31.41 million, previous year. Adjusted revenues were $37.8 million in the third quarter of 2013; up 50% from $25.2 million in the third quarter of 2012.