09:37 AM EST - Home Capital Group Inc. : reported a 20-per-cent rise in profit for the fourth quarter, helped by strong growth in non-interest income and increased residential and commercial mortgage lending. The company also said it expects earnings growth in fiscal 2009, despite the ongoing challenging market conditions. Net income for the fourth quarter was $29.04 million or $0.84 per share, up from $24.23 million or $0.70 per share in the same period last year. In the quarter, revenues rose to $118 million from $105.08 million in the previous year period. In the preceding third quarter, the company had posted net income of $27.94 million or $0.81 per share, on revenues of $116.95 million. Home Capital Group Inc.
shares T.HCG are trading even at $16.50.
