First National Financial Reports Strong Q2 2025 Results with Record Mortgage Volumes

The latest update is out from First National Financial ( (TSE:FN) ).

First National Financial Corporation reported a strong second quarter for 2025, with an 8% increase in Mortgages Under Administration (MUA) to a record $159.9 billion and a 15% rise in revenue to $621.3 million. The company achieved record origination volumes, particularly in its single-family residential business, and saw its commercial segment surpass $5 billion in volumes. Despite challenges such as the ongoing trade dispute with the U.S., First National remains committed to growth, supported by investments in technology and a robust pipeline of new mortgage commitments.

The most recent analyst rating on (TSE:FN) stock is a Hold with a C$45.00 price target. To see the full list of analyst forecasts on First National Financial stock, see the TSE:FN Stock Forecast page.

Spark’s Take on TSE:FN Stock

According to Spark, TipRanks’ AI Analyst, TSE:FN is a Neutral.

First National Financial’s overall stock score reflects a mixed picture. Strengths include a high dividend yield and potential undervaluation. However, significant risks include high leverage, negative cash flow, and technical indicators suggesting downward pressure. The earnings call’s cautiously optimistic tone and recent dividend announcements provide some balance, but financial vulnerabilities remain a concern.

To see Spark’s full report on TSE:FN stock, click here.

More about First National Financial

First National Financial Corporation is one of Canada’s largest non-bank mortgage originators and underwriters, deriving virtually all of its earnings from its wholly owned subsidiary, First National Financial LP. The company focuses on both single-family residential and commercial mortgage segments.

Average Trading Volume: 45,076

Technical Sentiment Signal: Buy

Current Market Cap: C$2.89B

For detailed information about FN stock, go to TipRanks’ Stock Analysis page.