The average annualized gross margin of Jefferson Financial was $0.10 per share, according to its latest quarterly financial report.
Revenue was up 2.4 per cent to $2.06 billion.
The company also said it expects earnings before interest, taxes, depreciation and amortization to be $0 to $0, 10 cents per share.
The company said it will add an additional $5.5 million to its $11.7 billion annualized net loss in 2018.
The annualized profit is the amount of revenue that will be returned to shareholders.
The financial company’s quarterly report includes financial information for the past three years, but it did not provide any new details about the 2018 results.
It is the first time Jefferson Financial’s financial statements have been made public since its last quarterly financial results were released in August 2018.
The financial company had not released financial information in more than a decade.
The Quebec-based company was spun off from its parent company, Bank of Montreal in 2017.
Jefferson Financial’s shares rose nearly 15 per cent in after-hours trading Thursday to close at $4.68.
Jefferys annualized operating margin of $0 per share is the lowest among the top 50 Canadian banks.
The average was $1.18 per share in the third quarter of 2018.
In 2019, Jefferson Financial posted an operating profit of $1,977 million.
In 2017, Jefferson posted a $1 billion net loss, or 0.4 percent of revenue.