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An update from First National Financial ( (TSE:FN) ) is now available.
First National Financial Corporation reported a 19% increase in fourth-quarter revenue to $600.1 million, despite a 3% decrease in Pre-FMV Income. The annual revenue rose by 10% to $2.2 billion, although net income declined to $203.4 million. The company achieved a record $153.7 billion in Mortgages Under Administration, highlighting its resilience in a changing market. The CEO emphasized the company’s ability to capitalize on growth opportunities and maintain profitability, as evidenced by a 33% after-tax Pre-FMV return on equity and consistent dividend increases.
More about First National Financial
First National Financial Corporation is one of Canada’s largest non-bank mortgage originators and underwriters, operating through its wholly owned subsidiary, First National Financial LP. The company focuses on mortgage origination and underwriting services, catering primarily to the Canadian market.
YTD Price Performance: 1.75%
Average Trading Volume: 29,233
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$2.44B
See more data about FN stock on TipRanks’ Stock Analysis page.