Home Capital Group Inc. today reported a 22.3% jump in the third quarter net income despite continuing turmoil in financial markets.

The Toronto-based company, which offers mortgages, retail credit and other financial services, registered net income of $27.9 million in the quarter compared with $22.8 million in the same period last year.

Basic earnings per share were 81¢, an increase from 66¢ a share in the third quarter of 2007.

Return on equity was 27.6% for the third quarter compared to 28.9% for the year-ago period.

Total assets as of Sept. 30 reached $5.62 billion, 20% higher than the $4.67 billion reported a year earlier.

The company said its total mortgage originations were $1.11 billion during the third quarter, an increase of 40% over the same period in 2007.

The figure included $816.3 million in residential mortgages, $175.4 million in CMHC-insured multi-residential properties and $70.8 million in commercial mortgages.

Home Trust has branch offices in Ontario, Alberta, British Columbia, Nova Scotia and Quebec.