Corporate Profile for Transnational Financial, dated Dec. 4, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Dec. 4, 1998
Company Name: Transnational Financial Corp.
Address: 401 Taraval St., 2nd Floor
San Francisco, CA 94116
Main Telephone
Number: 415/242-7800
Internet Home
Page Address
(URL) www.transnational.com
Chief Executive
Officer: Joseph Kristal
Chief Financial
Officer: Matt Heidari
Investor Relations
Contact: Jim Drewitz, Creative Options
Business number: 817/430-3131
Home number: 972/355-4024
Public Relations
Contact: Jim Drewitz, Creative Options
Business number: 817/430-3131
Trading Symbol/
Exchange: AMEX/TFN
Industry: Financial Services
Company description: Transnational Financial Corporation is a wholesale and retail mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. that originates, funds and sells mortgage loans secured by one-to-four family residential properties in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and other Western states. Gross revenues for the nine months ended September September: see month. 30, 1998 were $7,580,323, as compared to $2,374,689 for the same period in 1997, an increase of 219%. The increase in gross revenues for the nine months ended September 30, 1998 was primarily due to a significant increase in wholesale mortgage loan production. Wholesale loan production for nine months ended September 30, 1998 was $550,894,124 as compared to $219,022,250 for the same period in 1997, an increase of 151%. Retail loan production was $88,665,650 for the nine months ended September 30, 1998 as compared to $49,780,295 for the same period in 1997, an increase of 78%. Pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma net income for nine months ended September 30, 1998 was $698,725 or $.24 per share, as compared to pro forma net income of $262,327 or $.10 per share, for the same period in 1997. |
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