IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Thursday reported second-quarter net income of $3.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Irvine, California-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring costs, came to 56 cents per share.
The mortgage and warehouse lending company posted revenue of $24.1 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $4.45. A year ago, they were trading at $8.06.