ECN Capital Corp. reported financial results for the three-month period ended June 30. It adjusted net income applicable to common shareholders from continuing operations of $17.0 million versus $14.5 million for the previous three-month period ended March 31, and $16.6 million for the second quarter last year.

ECN had strong Q2 earnings, especially given the effects of COVID-19,” said Steven Hudson, CEO of ECN Capital. “I am very pleased with the resiliency of each of our businesses and look forward to continued success in the coming quarters.”

Originations for the three-month period ended June 30, were $676 million versus $509 million in the previous three-month period and $598 million for the same period last year.

Total Earning Assets Managed and Advisory as at June 30 were $33.3 billion, versus $33.6 billion as at March 31, 2020 and $32.2 billion at June 30, 2019.

Adjusted EBITDA for the three-month period ended June 30, 2020 was $31.3 million versus $27.7 million for the previous three-month period and $33.2 million for the same period last year.

Operating Expenses for the three-month period ended June 30, 2020 were $29.9 million versus $33.2 million reported for the previous three-month period and $28.8 million for the same period last year.

Net Income (loss) attributable to common shareholders for the three-month period ended June 30, 2020 was ($1.8 million) versus $2.7 million for the previous three-month period and $7.5 million for the same period last year.