Mortgage analytics and software provider Black Knight just reported results for the fourth quarter and the entire 2017.

The company reports revenues for the fourth quarter of 2017 increased 2% to $267.5 million from $261.5 million in the prior year quarter.

Net earnings for the fourth quarter of 2017 were $147.2 million, or $0.97 per diluted share, compared to $11.8 million, or $0.17 per diluted share, in the prior year’s quarter.

More notably, Black Knight’s fourth quarter results include an income tax benefit of $110.9 million related to the revaluation of net deferred income tax liability as a result of the recent Tax Cuts and Jobs Act of 2017.

“2017 was another successful year for Black Knight as we continued to execute against our long-term strategic initiatives to drive organic growth,” said Black Knight Executive Chairman Bill Foley. “As we look towards 2018, we are excited and optimistic about our opportunities to continue to drive Black Knight forward and deliver value for our shareholders.”

Revenues for the year ended December 31, 2017 increased 2% to $1,051.6 million from $1,026.0 million in 2016.

Net earnings attributable to Black Knight for the year ended December 31, 2017 were $182.3 million, or $1.47 per diluted share, compared to $45.8 million, or $0.67 per diluted share, in 2016. 

Most Popular Articles

Realtors expect these to be the 10 hottest housing markets for the next 3-5 years

Here are the 10 housing markets that the National Association of Realtors expects to the hottest in the nation in the next three to five years.

Dec 11, 2019 By

Latest Articles

Gateway First Bank makes two key hires

Gateway First Bank made back-to-back announcements this week regarding two key hires. The bank welcomed Joell Maddox as director of treasury services and Thomas Ramm joined as chief investment officer.

Dec 12, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please