February 9, 2011 / 11:28 PM / 7 years ago

UPDATE 1-Home Capital posts 8th straight qtrly earnings beat

* Q4 EPS C$1.45 vs est C$1.31

* Net interest income up 18 pct to C$49.8 mln

Feb 9 (Reuters) - Canadian mortgage lender Home Capital Group Inc (HCG.TO) posted a quarterly profit that beat estimates for the eighth time in a row, helped by higher net interest income and securitization volumes.

For the fourth quarter, net income was C$50.4 million ($50.67 million), or C$1.45 per share, up from C$40.5 million, or C$1.16 per share, a year ago.

Analysts, on average, were expecting the company to earn C$1.31 per share, according to Thomson Reuters I/B/E/S.

Net interest income rose 18 percent to C$49.8 million. It securitized C$1.86 billion, up from C$863.4 million from the year-ago quarter.

Shares of the Toronto-based company closed at C$56.20 on Wednesday on the Toronto Stock Exchange. ($1=.9947 Canadian Dollar) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Joyjeet Das)

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