First National Financial Q3 2023 Earnings Report

First National Financial EPS Results

• Actual EPS: C$1.38
• Consensus EPS: C$1.02
• Beat/Miss: Beat by +C$0.36
• One Year Ago EPS: N/A

First National Financial Revenue Results

• Actual Revenue: $272.53 million
• Expected Revenue: $224.60 million
• Beat/Miss: Beat by +$47.93 million
• YoY Revenue Growth: N/A

First National Financial Announcement Details

• Quarter: Q3 2023
• Date: 10/31/2023
• Time: N/A

First National Financial (TSE:FN) Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through securitization conduits, in each case with retained servicing. In general, originations are allocated from one funding source to another depending on market conditions and strategic considerations related to maintaining diversified funding sources.