ECN Capital reported financial results for the three-month period ending March 31, 2017. ECN noted amounts reported for the comparable quarter ended March 31, 2016 are presented on a carved-out basis.

The following highlights were excerpted from the news release:

• Originations for Q1/17 were $398.2 million versus $533.8 million for the previous three-month period and $477.3 million for the same period last year. The company noted that Canadian commercial and vendor originations were up 62% year over year in Q1/17.
• Total earning assets under management on a continuing basis as ogf March 31, 2017 were $5.7 billion, versus $6.2 billion as of December 31, 2016 and $6.3 billion as of March 31, 2016, which excludes the discontinued U.S. commercial and vendor business.

“I am very pleased with the company’s operating results as we continue to position for ECN Capital’s next stage of growth strategy. I am especially pleased with the impressive results in our C&V Canada business in the quarter, including increased origination yields, net interest margin and returns,” said Steven Hudson, ECN Capital’s CEO.