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Impac Mortgage posts 4Q profit

IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Thursday reported fourth-quarter profit of $16.9 million.

The Irvine, California-based company said it had profit of $1 per share.

The mortgage and warehouse lending company posted revenue of $77.3 million in the period.

For the year, the company reported profit of $46.7 million, or $3.31 per share. Revenue was reported as $297.8 million.

Impac Mortgage shares have risen nearly 2 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.24, a climb of nearly 8 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMH at https://www.zacks.com/ap/IMH

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Keywords: Impac Mortgage, Earnings Report