CapitalSource Q2 Profit Falls - Quick Facts

(RTTNews) - CapitalSource Inc. (CSE) reported that its second-quarter net income was $28.62 million or $0.15 per share, down from $387.55 million or $1.66 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Net income for the quarter was $29 million or $0.15 per share down from $40 million or $0.17 per share in the second quarter of 2012, not including the impact of the reversal of $347 million of the Company's deferred tax asset valuation allowance which added $1.49 per share to net income in the second quarter of 2012.

Net interest income for the quarter slip to $89.93 million from last year's $97.82 million. Total non-interest income for the quarter was $11.55 million, compared to $8.45 million in the prior year quarter.