ITASCA, Ill. (AP) _ Kingsway Financial Services Inc. (KFS) on Wednesday reported first-quarter net income of $640,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Itasca, Illinois-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share.
The merchant bank posted revenue of $22 million in the period.
Kingsway Financial shares have increased slightly more than 7% since the beginning of the year. The stock has nearly tripled in the last 12 months.
The Associated Press