Home Capital Group Inc. continued its uninterrupted run of earnings growth in the second quarter ended June 30.

Net income for the second quarter reached $14.6 million, a 36.8% increase over $10.7 million for the same period last year. It was the 40th consecutive quarter of increased earnings growth.

Basic earnings per share increased by 34.4% to 43¢, compared to 32¢ for the comparable quarter of 2004. Fully diluted earnings per share rose by 36.7% to $41¢ from 30¢ reported in the second quarter of the prior year.

Return on equity during the second quarter was sustained at 32.2%, the same level as in the first quarter of this year and an increase from 31.6% in the second quarter of last year.

The company aid all business segments, including mortgage originations, Mortgage-Backed Securities (MBS) and VISA operations, continued to perform strongly.

Total assets rose to $2.89 billion, a 32.1% increase over $2.19 billion recorded in the comparable quarter last year, and a 12.5% 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 $3.51 billion from $2.59 billion at June 30, 2004, up by 35.7%.

Balances outstanding on the Equity Plus VISA portfolio were $71.2 million at June 30, 2005, a rise of 95.1% over the $36.5 million reported at June 30, 2004, and 28.3% higher than the $55.5 million balance at the end of 2004.

Net impaired loans by dollar value represented 0.53% of the total loan portfolio at close of the second quarter this year, compared to 0.40% at December 31, 2004 and 0.32% at June 30, 2004.

Home Capital Group Inc. is operates through its principal subsidiary, Home Trust Company. Home offers deposit, mortgage lending, retail credit and credit card issuing services.