Markets.News
ECN Capital Corp. reported its financial results for the three-month period and year ended December 31, 2025. The company's adjusted net income for the quarter was $13.6 million, down from $16.7 million in the previous quarter, but up from $4.4 million in the same period last year. Originations for the quarter were $662.4 million, with $447.9 million from Manufactured Housing Finance and $214.5 million from Recreational Vehicle and Marine Finance. Managed Assets were $7.3 billion as of December 31, 2025. Adjusted EBITDA was $36.2 million for the quarter. Net income attributable to common shareholders was $4.5 million. The company is being acquired by Warburg Pincus LLC for approximately C$1.9 billion. The transaction is set to close early in the second quarter of 2026.