IndyMac Bancorp today reported record net earnings of $58.4 million, or 91 cents per share, for the fourth quarter of 2004, with revenue of $246.9 million for the quarter.
The net earnings of $58.4 million were up 35 percent over the fourth quarter of 2003, which saw net earnings of $43.3 million, or 75 cents per share. Revenue was up 39 percent over the fourth quarter of 2003.
Mortgage loan production was $11.2 billion, up 79 percent over the fourth quarter of 2003, another record for IndyMac Bancorp, the holding company for IndyMac Bank, and one of the leading home construction lenders in the country.
The company reported record net earnings of $211.3 million for all of 2004, up 23 percent from the previous year. Net revenue for 2004 was a record $871.8 million, up 23 percent from 2003.
Mortgage loan production for all of 2004 also reached a record $37.9 billion, up 30 percent from 2003.
IndyMac Bancorp stock (NYSE: NDE) traded at $35.42 a share today, up $1.76 a share, or 5.23 percent, from the previous day’s close.
Send tips or a Letter to the Editor to firstname.lastname@example.org or call (510) 658-9252, ext. 140.