First National Financial (TSE:FN) has released an update.
First National Financial Corporation announced a solid second quarter of 2024 with an 8% growth in Mortgages Under Administration, hitting a record of $148.2 billion. Despite a competitive market and a slight dip in demand for single-family mortgages, the company maintained profitability with revenue increasing by 2% to $538.4 million. However, there was a 14% decrease in Pre-FMV Income, with net income falling to $54.1 million from the previous year’s $89.2 million.
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