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Home Capital Group Inc. (T:HCG)

Business Focus: Retail & Mortgage Banks

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 2300, 145 King Street West
Tel: N/A
IR: See website
Key People
Yousry Bissada
President, Chief Executive Officer, Director
Liane Kim
Senior Vice President - Internal Audit
Bradley W. Kotush
Chief Financial Officer, Executive Vice President
Victor DiRisio
Executive Vice President, Chief Information Officer
David J.F. Cluff
Executive Vice President, Chief Risk Officer
Ed Karthaus
Executive Vice President
Benjamin Katchen
Executive Vice President - Consumer Banking and Corporate Strategy
Santokh Birk
Senior Vice President - Finance, Chief Accounting Officer
John Hong
Senior Vice President, Chief Compliance Officer, Chief Anti-Money Laundering Officer
Amy Bruyea
Senior Vice President - Human Resources
Business Overview
Home Capital Group Inc. is a Canada-based holding company that operates through its subsidiary, Home Trust Company (Home Trust), which offers residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending includes credit card and line of credit lending and other consumer retail lending. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.
Financial Overview
For the nine months ended 30 September 2021, HomeCapital Group Inc interest income decreased 11% toC$596.9M. Net interest income after loan loss provisionincreased 32% to C$407.4M. Net income increased 60% toC$192.1M. Net interest income after loan loss provisionreflects Net Interest Margin, Total -% increase of 7% to2.6%, Net Interest Spread, Total -% increase of 7% to3.15%.
Employees: 777 as of Sep 30, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $5,058M as of Sep 30, 2021
Annual revenue (TTM): $810.80M as of Sep 30, 2021
EBITDA (TTM): $431.08M as of Sep 30, 2021
Net annual income (TTM): $247.41M as of Sep 30, 2021
Free cash flow (TTM): -$156.59M as of Sep 30, 2021
Net Debt Last Fiscal Year: $2,729M as of Sep 30, 2021
Shares outstanding: 49,862,054 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization