Builders Capital Mortgage Corp.
Reports Record Revenue & EPS
Published: 4/24/2024
Author: FRC Analysts
*See important disclosures at the bottom of this reportSector: Financial Services | Industry: Mortgage Finance
Ticker Symbols:
BCF - TSX 🔹
- In 2023, BCF reported record revenue (up 24% YoY), and EPS (up 22% YoY), beating our estimates by 1%, and 5%, respectively, amid higher lending rates.
- Dividends remained unchanged at $0.80/share, implying a yield of 8.9%.
- Earlier this month, management announced a $50M bond financing. We believe this financing is indicative of the company’s robust pipeline of mortgages. Bondholders will