Revenue during the quarter grew 12.40 percent to $57.99 million from $51.59 million in the previous year period. Net interest income for the quarter dropped 36.72 percent over the prior year period to $3.26 million. Non-interest income for the quarter rose 16.21 percent over the last year period to $27.31 million.

JMP GROUP LLC has made negative provision of $0.10 million for loan losses during the quarter, compared with a positive provision of $0.56 million in the same period last year.

"JMP Group produced better-than-expected operating net income of $0.13 per share for the third quarter, helped again by strong returns on our principal investment activities," said chairman and chief executive officer Joe Jolson. "JMP Securities returned to profitability with net income of $0.02 per share, as equity capital markets fee revenues improved from depressed second-quarter levels. The year-over-year growth of our M A revenues continues to impress, increasing by more than 200% thus far in 2016 and already setting a new annual record with one quarter still to go. Our focus on broadening our M&A efforts since ECM activity was at peak levels during 2013 and 2014 has enabled JMP Securities to manage through the current down cycle and invest in growth initiatives while still maintaining modest profitability this year.

Investments stood at $62.89 million as on Sep. 30, 2016. Shareholders equity was at $138.07 million as on Sep. 30, 2016.

Book value per share was $5.82 for the quarter, down 5.98 percent or $0.37 compared to $6.19 for the same period last year.