ECN Capital Corp. reported its financial results for the three-month period and year ended Dec. 31, 2020. For the quarter, ECN Capital reported adjusted net income applicable to common shareholders from continuing operations of $19.7 million versus $23.3 million for the previous three-month period ended September 30, 2020 and $18.5 million for the same period last year. For the 12-month period, the company reported adjusted net Income applicable to common shareholders of $74.4 million versus $66.0 million for the same period last year.

“While 2020 has been a difficult year with the COVID-19 pandemic, ECN’s businesses produced exceptional results,” said Steven Hudson, CEO of ECN Capital Corp. “We remain confident that our growth will continue.”

Originations for the three-month period ended Dec. 31, 2020 were $728 million versus $842 million in the previous three-month period and $542 million for the same period in 2019.

Total Earning Assets Managed and Advised as at Dec. 31, 2020 were $33.1 billion, versus $32.2 billion as at September 30, 2020.

Adjusted EBITDA for the three-month period ended Dec. 31, 2020 was $34.6 million versus $38.9 million for the previous three-month period and $33.1 million for the same period last year.

Operating Expenses for the three-month period ended December 31, 2020 were $37.4 million versus $30.6 million reported for the previous three-month period and $32.9 million for the same period last year.

Net Income (loss) attributable to common shareholders for the three-month period ended December 31, 2020 was ($29.5) million versus $5.6 million for the previous three-month period and ($8.9) million for the same period last year. For the 12-month period ended December 31, 2020 the Company reported net loss of ($22.9) million versus ($24.4) million for the same period last year.

See the full press release here.