Capstone Financial Group, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
November 18, 2014 at 03:27 pm EST
Capstone Financial Group, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $52,093,916, net income before provision for income taxes of $51,791,371 and net income of $34,158,526 or $0.36 per basic share. EBITDA was $51,802,224. The results are due to recently purchased warrants and options, their corresponding valuations, and the fair value accounting treatment the company applied to them.
For the nine months period, the company reported total revenue of $54,574,184, net income before provision for income taxes of $53,809,936 and net income of $35,609,936 or $0.38 per basic share. EBITDA was $53,845,937.