Last $10.05 USD
Change Today +0.07 / 0.70%
Volume 27.6K
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As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

newstar financial inc (NEWS) Key Developments

Newstar Financial, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

NewStar Financial, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net interest income of $18,499,000 against $20,110,000 a year ago. Operating income before income taxes was $2,208,000 against $9,425,000 a year ago. Income before income taxes was $2,208,000 against $10,384,000 a year ago. Net income was $1,226,000 or $0.02 per diluted share against $6,360,000 or $0.12 per diluted share a year ago. Return on average assets was 0.19% against 1.01% a year ago. Return on average equity was 0.79% against 4.12% a year ago. As at December 31, 2014, book value per share was $13.75 against $12.66 a year ago. Risk-adjusted revenue was $12,960,000 against $22,641,000 a year ago. For the year, the company reported net interest income of $78,396,000 against $84,713,000 a year ago. Operating income before income taxes was $16,988,000 against $39,089,000 a year ago. Income before income taxes was $18,079,000 against $41,151,000 a year ago. Net income was $10,594,000 or $0.21 per diluted share against $24,595,000 or $0.46 per diluted share a year ago. Return on average assets was 0.42% against 1.08% a year ago. Return on average equity was 1.72% against 4.07% a year ago. Risk-adjusted revenue was $63,844,000 against $90,627,000 a year ago. The company reported net charge offs of $3,497,000 for the fourth quarter ended December 31, 2014 against $900,000 a year ago.

NewStar Financial, Inc. to Report Q4, 2014 Results on Feb 11, 2015

NewStar Financial, Inc. announced that they will report Q4, 2014 results at 10:00 AM, US Eastern Standard Time on Feb 11, 2015

NewStar Financial, Inc., Q4 2014 Earnings Call, Feb 11, 2015

NewStar Financial, Inc., Q4 2014 Earnings Call, Feb 11, 2015

NewStar Financial Inc. Closes New $400 Million Credit Fund

NewStar Financial Inc. announced that it has closed the NewStar Clarendon Fund CLO, a $400 million middle market CLO used to provide leverage for a managed credit fund anchored by an investment from funds sponsored by Franklin Square Capital Partners and sub-advised by GSO Capital. The Clarendon Fund is the third credit fund established by NewStar to co-invest in middle market commercial loans originated by the company.

NewStar Financial, Inc., Special/Extraordinary Shareholders Meeting, Jan 21, 2015

NewStar Financial, Inc., Special/Extraordinary Shareholders Meeting, Jan 21, 2015., at 10:00 US Eastern Standard Time. Location: 500 Boylston Street, Suite 1250. Agenda: To consider the issuance of warrants to purchase 2.5 million shares of common stock of the company to the investors; to consider the approval of eliminating certain exercise restrictions contained in the warrants to purchase 9.5 million shares of common stock of the company; and to consider the approval of the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there is an insufficient number of votes at the special meeting.

 

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Price/Cash Flow 44.8x
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