Home Capital Group Inc. today reported record earnings third quarter of 2005, and said all business segments performed strongly.

Net income for the third quarter of 2005 reached $15.8 million, a 36.5% increase over $11.6 million for the same period last year. Basic earnings per share rose 13¢ to 47¢ from 34¢ during the same quarter of 2004.

Return on equity during the third quarter of 2005 remained strong at 32.1%, compared to 31.7% during last year’s third quarter.

Total assets were $3.03 billion, a 28.7% increase over $2.35 billion recorded in the comparable quarter last year, and a 17.8% rise from the $2.57 billion reached at the end of 2004.

Total assets, including Mortgage-Backed Securities originated and administered by the company, grew to $3.72 billion from $2.81 billion at Sept. 30, 2004, a rise of 32.7%.

Balances outstanding on the Equity Plus VISA portfolio were $80.9 million at Sept. 30, 2005, up $35.9 million from the $45.0 million reported at Sept. 30, 2004, and $25.4 million higher than the $55.5 million balance at the end of 2004.

Total mortgage originations in the third quarter of 2005 amounted to $512.7 million, an increase of 23.6% over the $414.7 million advanced in the third quarter last year.

Net impaired loans by dollar value represented 0.50% of the total loan portfolio at the close of third quarter this year, down from 0.52% at June 30, 2005.

Subsequent to the end of the quarter, the company’s board of directors approved a 25% increase to the quarterly dividend from 4¢ per share to 5¢ per share.

Home Capital is a holding company operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and credit card issuing services.