tailieunhanh - JMP Group Reports Fourth Quarter and Fiscal Year 2012 Financial Results

While the financial meltdown of the last decade and its consequences are still being felt, many are already talking of another one originating in the Euro zone. The global economic slowdown was a natural consequence of the events of 2007-8 which has led to a gloomy investment climate. For obvious reasons, most investors appear to have adopted a more cautious approach. The situation has not been very different in India, with the potential addition of other issues to contend with. The economic outlook does not appear to be very encouraging in the near term, nor does the investor community appear very confident. | February 13 2013 JMP Group Reports Fourth Quarter and Fiscal Year 2012 Financial Results SAN FRANCISCO-- BUSINESS WIRE -- JMP Group Inc. NYSE JMP an investment banking and alternative asset management firm reported financial results today for the quarter and full fiscal year ended December 31 2012. Operating net income was million or per diluted share for the quarter compared to million or per share for the fourth quarter of 2011. For the year operating net income was million or per share compared to million or per share for 2011. Excluding the financial impact of gains recognized by JMP Credit Corporation on the sale or payoff of loans initially acquired in April 2009 adjusted operating net income was per share for the quarter an increase of from per share for the fourth quarter of 2011. For the year adjusted operating net income was a record per share an increase of from per share for 2011. For more information on operating net income and adjusted operating net income including a reconciliation to net income please see the section below titled Non-GAAP Financial Measures. Net income attributable to JMP Group under generally accepted accounting principles or GAAP was million or per share for the quarter compared to a net loss of million or per share for the fourth quarter of 2011. For the year net income was million or per share compared to a net loss of million or per share for 2011. Adjusted net revenues which exclude certain non-cash items and non-controlling interests were million for the quarter compared to million for the fourth quarter of 2011. For the year adjusted net revenues were million compared to million for 2011. Further excluding net gains on the sale or payoff of acquired loans adjusted net revenues would have been million and million for the quarter and year ended December 31 2012 respectively and million .