ECN Capital Corp. reported its financial results for the three-month period ended Sept. 30. Adjusted net income applicable to common shareholders from continuing operations of $23.3 million versus $17.0 million for the previous three-month period ended June 30, and $18.2 million for the same period last year.

“ECN’s strong Q3 earnings of $0.10 (a share), reflects ongoing strength in each of our businesses, which was apparent before COVID-19 and has continued in its face,” said Steven Hudson, CEO of ECN Capital Corp. “We are reiterating guidance for 2020 at $0.31-$0.33, which is 15-22 percent above 2019 and given our performance confidently reiterating our guidance for 2021 at $0.44 - $0.53. I am very pleased with the resiliency of each of our businesses and look forward updating everyone at our Investor Day on February 4, 2021.”

Originations for the third quarter were $842 million versus $676 million in the previous three-month period and $639 million for the same period last year.

Total Earning Assets Managed and Advisory at Sept. 30 were $32.2 billion, versus $33.3 billion as of June 30, 2020 and $32.6 billion at Sept. 30, 2019.

Adjusted EBITDA for the three-month period ended Sept. 30, 2020 was $38.9 million versus $31.3 million for the previous three-month period and $34.0 million for the same period last year.

Net Income (loss)  attributable to common shareholders for the three-month period ended September 30, 2020 was $5.6 million versus ($1.8 million) for the previous three-month period and  $2.4 million for the third quarter last year.

See the full release here.