The earnings call presented a mixed outlook with strong growth in single-family funding and commercial mortgage originations contributing positively. However, the decrease in pre-fair market value income, net interest margin compression, and increased operating expenses present significant challenges. Despite these issues, the company remains optimistic due to strong engagement with investors and competitive rate offerings.

Company Guidance

During the First National's first quarter earnings call for fiscal year 2025, key guidance metrics were discussed. Pre-fair market value income was reported at $52.6 million, marking a 16% decrease compared to the previous year. However, there was a notable 34% year-over-year increase in single-family funding, driven by a robust commitment pipeline. The commercial segment saw an 18% rise in originations, supported by governmental incentives and multiple Bank of Canada rate cuts. Despite a downgrade in the housing market forecast due to economic uncertainties, First National expects continued growth in originations, particularly in the single-family segment. Credit performance remained stable, with prime mortgage arrears unchanged, though Alt A arrears, while elevated compared to the prime portfolio, showed improvement month-over-month. Mortgage servicing income saw a 3% decline, influenced by lower third-party underwriting revenues and reduced interest from escrow deposits. Despite these challenges, the company maintained an annualized dividend rate of $2.5 per share, with a payout ratio of about 98%, indicating a strong foundation for future shareholder benefits.

Increased Single Family Funding

Total single-family funding increased 34% year-over-year, supported by Bank of Canada rate reductions and government incentives.

Commercial Mortgage Growth

Commercial mortgage originations were up 18% due to growth in insured multi-unit residential housing and support from CMHC's affordable loan programs.

MUA Growth

Managed and under administration (MUA) increased 7% year-over-year, indicating healthy operational growth.

Mortgage Investment Income Increase

Mortgage investment income increased 15%, driven by a larger balance of mortgages accumulated for securitization.

Strong Engagement and Competitive Rates

Higher engagement with third-party investors led to competitive rate offerings, increasing conventional origination space competitiveness.

First National Financial (TSE:FN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:FN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.91 / -	0.59	―	―	―
Jul 29, 2025	2025 (Q2)	0.89 / 1.04	0.93	11.83% (+0.11)	―	―
Apr 29, 2025	2025 (Q1)	0.80 / 0.70	0.736	-4.76% (-0.04)	―	―
Mar 04, 2025	2024 (Q4)	0.91 / 1.04	0.95	9.47% (+0.09)	―	―
Oct 29, 2024	2024 (Q3)	0.95 / 0.59	1.149	-48.65% (-0.56)	―	―
Jul 30, 2024	2024 (Q2)	0.92 / 0.93	1.47	-36.73% (-0.54)	―	―
Apr 30, 2024	2024 (Q1)	0.82 / 0.74	0.58	26.90% (+0.16)	―	―
Mar 05, 2024	2023 (Q4)	0.94 / 0.95	0.7	35.71% (+0.25)	―	―
Oct 31, 2023	2023 (Q3)	0.91 / 1.15	0.66	74.09% (+0.49)	―	―
Aug 01, 2023	2023 (Q2)	0.75 / 1.47	1.01	45.54% (+0.46)	―	―

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

TSE:FN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	C$47.83	C$47.90	+0.15%
Apr 29, 2025	C$39.63	C$36.73	-7.32%
Mar 04, 2025	C$38.71	C$39.12	+1.06%
Oct 29, 2024	C$38.43	C$38.94	+1.33%

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.

FAQ

When does First Nat'l Fin Corp (TSE:FN) report earnings?

First Nat'l Fin Corp (TSE:FN) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is First Nat'l Fin Corp (TSE:FN) earnings time?

First Nat'l Fin Corp (TSE:FN) earnings time is at Nov 04, 2025, After Close (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 TSE:FN EPS forecast?

TSE:FN EPS forecast for the fiscal quarter 2025 (Q3) is 0.91.

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