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First Nat'l Fin Corp (TSE:FN)
TSX:FN
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.93Last Year’s EPS
0.93Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: -8.05%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong growth in funding and MUA but faced challenges in profitability, NIM compression, and increased expenses. The outlook for Q2 remains positive with expectations for continued growth in originations.Company Guidance
In their first quarter earnings call for fiscal year 2025, First National reported a pre-fair market value income of $52.6 million, marking a 16% decrease from the previous year, despite a 7% year-over-year increase in Mortgage Under Administration (MUA) to $10.3 billion. Single-family funding surged by 34% year-over-year, and commercial mortgage originations rose 18%, supported by seven Bank of Canada rate reductions and government incentives like increased purchase price caps and 30-year amortizations for insured mortgages. However, challenges included a 7 basis point compression in net interest margin (NIM) and a 2% decline in net interest revenue on securitized mortgages. The Alt A arrears remained elevated compared to prime mortgages but showed improvement month-over-month. First National anticipates continued year-over-year growth in originations into Q2, driven by strong single-family mortgage commitments, while maintaining credit quality without adjusting pricing strategies.Increase in Single Family Funding
Single family funding increased 34% year-over-year, showing substantial growth in this segment.
Commercial Mortgage Growth
Commercial mortgage originations rose 18% due to focus on insured multi-unit residential housing market.
Record MUA Growth
MUA increased 7% year-over-year, amounting to a $10.3 billion increase, showing resilience despite market challenges.
Positive Outlook for Q2
Expectations for ongoing growth in originations and strong funding volumes into Q2, supported by a robust commitment pipeline.
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TSE:FN 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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TSE:FN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 29, 2025 | C$40.39 | C$37.44 | -7.30% |
| Mar 04, 2025 | C$39.45 | C$39.87 | +1.06% |
| Oct 29, 2024 | C$39.17 | C$39.69 | +1.33% |
| Jul 30, 2024 | C$36.16 | C$34.94 | -3.37% |
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 First Nat'l Fin Corp (TSE:FN) report earnings?
First Nat'l Fin Corp (TSE:FN) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is First Nat'l Fin Corp (TSE:FN) earnings time?
First Nat'l Fin Corp (TSE:FN) earnings time is at Aug 05, 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 TSE:FN EPS forecast?
TSE:FN EPS forecast for the fiscal quarter 2025 (Q2) is 0.93.
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