First National Financial (TSE:FN) has released an update.
First National Financial Corporation celebrated a robust financial performance in 2023, achieving a record $143.5 billion in mortgages under administration and a 29% jump in revenue to $2.0 billion. Net income soared to $252.8 million, marking a significant increase from the previous year’s $197.7 million. Despite a challenging market and higher interest rates, the company maintained a high operational efficiency and anticipates continued income from its servicing and securitization portfolio.
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