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Finance of America Companies (FOA)
NYSE:FOA
RESEARCH TOOLSreports
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
-0.3Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: -10.75%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
Finance of America demonstrated substantial growth in loan funding and financial performance in 2024, with successful cost efficiency improvements and a record securitization. However, the company faced challenges with a Q4 net loss and underperformance in market penetration for certain products. Overall, the positive aspects like revenue growth and cost efficiency outweigh the challenges faced.Company Guidance
During the Finance of America 4Q and FY2024 earnings call, guidance for 2025 was provided, with key metrics highlighting a strong performance and strategic progress made in 2024. The company funded more than $1.9 billion in loans, marking a 19% increase in volume year-over-year. For 2025, they anticipate origination volumes between $2.4 billion to $2.7 billion, a projected 26% to 42% increase from 2024. Financially, Finance of America reported a GAAP net income of $40 million, adjusted net income of $14 million, and adjusted EBITDA of $60 million for 2024. They also achieved a $206 million increase in GAAP net income and nearly $100 million increase in adjusted net income from 2023 to 2024. Cost efficiencies were realized through a $48 million reduction in the cost base, attributed to technology-driven process automation and streamlined operations. For 2025, the company expects Q1 origination volume between $525 million to $550 million, with full-year adjusted net income projected between $2.60 to $3 per share.Significant Loan Funding Growth
Finance of America funded over $1.9 billion in loans in 2024, marking a 19% increase in volume year-over-year. They project full-year origination volumes for 2025 to be in the range of $2.4 billion to $2.7 billion, a 26% to 42% increase from 2024.
Strong Financial Performance
The company recognized positive GAAP net income of $40 million, adjusted net income of $14 million, and adjusted EBITDA of $60 million in 2024. This represents a $200 million increase in GAAP net income and nearly $100 million increase in adjusted net income from 2023.
Revenue Margin Expansion
Finance of America experienced a 16% increase in revenue margins from 9.2% in 2023 to 10.7% in 2024 on $1.9 billion of production. This was driven by a higher margin product mix and improved execution of proprietary products.
Cost Efficiency Improvements
The company achieved $48 million in cost reductions through technology-driven process automation and lower corporate overhead, such as workforce optimization and real estate consolidations.
Record Securitization
In February 2025, Finance of America completed the largest securitization from non-agency proprietary products in its history, enhancing liquidity and supporting continued growth.
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FOA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FOA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $21.20 | $21.75 | +2.59% |
| Nov 06, 2024 | $14.48 | $14.00 | -3.31% |
| Aug 06, 2024 | $7.21 | $7.14 | -0.97% |
| May 06, 2024 | $6.00 | $6.00 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Finance of America Companies (FOA) report earnings?
Finance of America Companies (FOA) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Finance of America Companies (FOA) earnings time?
Finance of America Companies (FOA) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FOA EPS forecast?
FOA EPS forecast for the fiscal quarter 2025 (Q1) is 0.4.
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