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Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Home Capital Q4 Earnings Per Share C$0.38
Wednesday, 14 Feb 2018 07:49pm EST 

Feb 14 (Reuters) - Home Capital Group Inc ::HOME CAPITAL REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE C$0.38.QTRLY ‍NET INTEREST INCOME $91.7 MILLION VERSUS $120.6 MILLION LAST YEAR ​.SAYS TOTAL LOANS UNDER ADMINISTRATION AT END OF QUARTER $22.51 BILLION, DECREASED BY 14.8% OR $3.91 BILLION FROM $26.42 BILLION AT END OF 2016.  Full Article

Home Capital Comments On Second Statement Of Claim
Thursday, 28 Dec 2017 11:25am EST 

Dec 28 (Reuters) - Home Capital Group Inc ::HOME CAPITAL COMMENTS ON SECOND STATEMENT OF CLAIM.RECEIVED STATEMENT OF CLAIM ISSUED BY ROLAND KEIPER, BRIAN CHAPMAN, WHO OPTED OUT OF GLOBAL SETTLEMENT OF SECURITIES CLASS ACTION​.‍CLAIM BASED ON ALLEGATIONS OF COMMON LAW AND "STATUTORY MISREPRESENTATION AND OPPRESSIVE CONDUCT", SEEKS $2 MILLION IN DAMAGES​.  Full Article

Home Capital Says Victor Dirisio Appointed New Chief Information Officer
Monday, 18 Dec 2017 05:41pm EST 

Dec 18 (Reuters) - Home Capital Group Inc ::HOME CAPITAL ANNOUNCES NEW CHIEF INFORMATION OFFICER AND OTHER EXECUTIVE LEADERSHIP APPOINTMENTS.HOME CAPITAL GROUP INC - VICTOR DIRISIO WILL BE JOINING COMPANY AS NEW CHIEF INFORMATION OFFICER.HOME CAPITAL GROUP INC - MIKE FORSHEE WILL JOIN COMPANY AS SENIOR VICE PRESIDENT, UNDERWRITING, EFFECTIVE JANUARY 1, 2018.  Full Article

‍West Face Confirms Draft Statement of Claim was Provided to Home Capital​
Tuesday, 28 Nov 2017 12:30pm EST 

Nov 28 (Reuters) - West Face Capital ::‍WEST FACE CAPITAL SAYS REVIEWED PRESS RELEASE ISSUED BY HOME CAPITAL AND CONFIRMS A DRAFT STATEMENT OF CLAIM WAS PROVIDED TO HOME CAPITAL​.‍WEST FACE CAPITAL SAYS IT ELECTED TO OPT OUT OF SETTLEMENT OF SECURITIES CLASS ACTION THIS PAST SUMMER AND RAISED ITS CLAIM WITH HOME CAPITAL DIRECTLY​.  Full Article

Home Capital Says Received Draft Statement Of Claim Prepared On Behalf Of West Face
Tuesday, 28 Nov 2017 07:00am EST 

Nov 28 (Reuters) - Home Capital Group Inc ::HOME CAPITAL - HAS RECEIVED DRAFT STATEMENT OF CLAIM PREPARED ON BEHALF OF WEST FACE.HOME CAPITAL GROUP - ‍WEST FACE LONG TERM OPPORTUNITIES GLOBAL MASTER LP OPTED OUT OF GLOBAL SETTLEMENT OF SECURITIES CLASS ACTION EARLIER THIS YEAR.HOME CAPITAL GROUP INC - ‍AMOUNT CLAIMED AS DAMAGES IN THE DRAFT STATEMENT OF CLAIM​ WOULD BE $70 MILLION.  Full Article

Home Capital Group Q3 ‍shr $ 0.37​
Tuesday, 14 Nov 2017 07:02pm EST 

Nov 14 (Reuters) - Home Capital Group Inc :Home Capital reports third quarter 2017 results.Qtrly ‍shr $ 0.37​.Home Capital Group Inc-qtrly ‍total loans under administration were $23.2 billion compared to $26.0 billion as a result of sale of loans and lower originations​.‍During Q3, company's expenses were in line with management expectations​.Home Capital Group - ‍now estimates that balance of non-securitized single-family residential mortgages will be about $10 billion at end of 2017.Home Capital Group-‍moving forward into q4 and h1 2018, expects to experience some continued elevated costs associated with liquidity event.Qtrly ‍net interest income​ $88.8 million versus $119.9 million last year.  Full Article

Home Capital Group files final universal base shelf prospectus
Thursday, 19 Oct 2017 09:51am EDT 

Oct 19 (Reuters) - Home Capital Group Inc ::Home Capital Group files final universal base shelf prospectus.Prospectus qualifies offerings of up to $750 million of securities over a 25-month period​.Prospectus was filed to satisfy Co's obligations under registration rights agreement entered into with unit of Berkshire Hathaway​.Universal base shelf prospectus not commitment to undertake any financing, nor does it intends to offer securities from treasury under prospectus.  Full Article

Home Capital exits non-core businesses including sale of payment services interactive gateway
Monday, 16 Oct 2017 02:54pm EDT 

Oct 16 (Reuters) - Home Capital Group Inc ::Home Capital exits non-core businesses including the sale of payment services interactive gateway.Expects approximately $20 million in annual salary and other operating cost savings​.‍Resulting impact to net income on a full year basis is insignificant from sale of assets​.Company expects reduction in fee and other income of approximately $18 million from sale of businesses​.Agreed to enter into a transition services agreement and will continue to provide services for certain clients for up to a year​.‍Does not expect any significant costs to complete sale transaction ​.  Full Article

Home Capital appoints Edward Karthaus as Executive VP, Residential Lending Sales
Tuesday, 3 Oct 2017 12:53pm EDT 

Oct 3 (Reuters) - Home Capital Group Inc ::Home Capital announces executive leadership changes.Company does not intend to fill Chief Operating Officer position​.Edward Karthaus will be joining Home Capital as Executive Vice President, Residential Lending Sales on October 10​.Pino Decina, Executive Vice President, Residential Lending has departed from his roles​.Chris Whyte, Executive Vice President & Chief Operating Officer has departed from his roles.‍Chris Whyte, Executive Vice President & Chief Operating Officer, has departed from co.  Full Article

Home Capital files preliminary universal base shelf prospectus
Wednesday, 20 Sep 2017 02:02pm EDT 

Sept 20 (Reuters) - Home Capital Group Inc ::Home Capital Group Inc files preliminary universal base shelf prospectus.When made final, filing to allow co to make offerings of up to $750 million of common shares, preferred shares, others.When final, universal base shelf prospectus will be effective for a 25 month period​.Base shelf prospectus to also qualify any secondary offering of common shares by Columbia Insurance Company, a Berkshire Hathaway​ unit.  Full Article

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Home Capital gets new funding to replace Berkshire credit line

Canadian mortgage lender Home Capital Group Inc said on Wednesday its unit received a two-year C$500 million funding commitment that would replace a C$2 billion credit facility offered by Warren Buffett's Berkshire Hathaway Inc .