ECN Capital Corp. (T:ECN*CA)

Business Focus: Corporate Financial Services (NEC)

Sector:  Financials Industry:  Corporate Financial Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: Royal Bank Plaza
200 Bay Street, North Tower, Suite 1625
TORONTO ON M5J 2J1
Tel: N/A
Website: https://www.ecncapitalcorp.com
IR: See website
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Key People
Steven K. Hudson
Chief Executive Officer, Director
Michael Lepore
Chief Financial Officer
Scott William Shaw
Chief Executive Officer of Kessler Financial Services, LLC
Mark Elliot Berch
President of Service Finance Company LLC, Executive Vice President
Randall Lyle Jeffrey Yasny
Chief Investment Officer
Mary Beth Koenig
Chief Legal Officer, General Counsel, Corporate Secretary
Algis Vaitonis
Chief Credit Officer
   
Business Overview
ECN Capital Corp. is a provider of business services to North American based banks, credit unions, life insurance companies, pension funds and investment funds (collectively its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, mainly unsecured loan portfolios, secured loan portfolios and credit card portfolios. The Company's segments include Triad Financial Services, which includes manufactured home loans; and The Kessler Group, which includes consumer credit card portfolios. The Company's Triad Financial Services segment originates consumer loans for the purchase of manufactured homes throughout the United States and subsequently syndicates and sells these loans to a network of third-party financial institutions. The Kessler Group segment provides capital to fund marketing initiatives on behalf of its Partners.
Financial Overview
For the nine months ended 30 September 2021, ECNCapital Corp revenues decreased 21% to $152M. Net incomeapplicable to common stockholders excluding extraordinaryitems decreased 65% to $5.2M. Revenues reflect ServiceFinance- Unsecured Consumer Loans segment decrease of 54%to $38.4M, KG - consumer credit card portfolios & RelatedFinancial pro segment decrease of 25% to $40.8M.
Employees: 570 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $2,084M as of Sep 30, 2021
Annual revenue (TTM): $281.79M as of Sep 30, 2021
EBITDA (TTM): $91.31M as of Sep 30, 2021
Net annual income (TTM): -$3.92M as of Sep 30, 2021
Free cash flow (TTM): $64.27M as of Sep 30, 2021
Net Debt Last Fiscal Year: $623.29M as of Sep 30, 2021
Shares outstanding: 243,792,615 as of Jan 7, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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