EMERYVILLE, Calif. (AP) _ NMI Holdings Inc. (NMIH) on Thursday reported first-quarter net income of $5.5 million, after reporting a loss in the same period a year earlier.
The Emeryville, California-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring costs, were 12 cents per share.
The mortgage insurance company posted revenue of $37.1 million in the period.
NMI Holdings shares have increased 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.50, a climb of 82 percent in the last 12 months.
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