Sector: Financials | Industry: Corporate Financial Services |
Company Contact | |
Address: | 16 York Street, Suite 1900 TORONTO ON M5J 0E6 |
Tel: | N/A |
Website: | https://www.firstnational.ca |
IR: | See website |
Key People | ||
Stephen J. R. Smith Executive Chairman of the Board, Co-Founder | Jason Ellis President, Chief Executive Officer, Director | Robert Inglis Chief Financial Officer |
Moray Tawse Executive Vice President, Secretary, Director | Hilda W. Wong Senior Vice President, General Counsel of First National | Thomas Kim Senior Vice President, Managing Director - Capital Markets |
Scott McKenzie Senior Vice President - Residential Mortgages of First National | Jeremy Wedgbury Senior Vice President - Commercial Mortgages of First National |
Business Overview |
First National Financial Corporation is a Canada-based parent company of First National Financial LP, which is an originator, underwriter, and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential and Commercial. The Residential segment include single-family residential mortgages. The Commercial segment include multi-unit residential and commercial mortgages. The Company provides mortgage financing solutions to the residential and commercial mortgage markets in Canada. It provides underwriting and fulfilment processing services to two mortgage originators using the mortgage broker distribution channel. The Company services virtually all mortgages generated through its mortgage origination activities on behalf of a wide range of institutional investors. |
Financial Overview |
For the fiscal year ended 31 December 2023, First National Financial Corp revenues increased 29% to C$2.02B. Net income applicable to common stockholders increased 28% to C$249M. Revenues reflect Residential segment increase of 30% to C$1.45B, Commercial segment increase of 24% to C$569.9M. Net income was partially offset by Salaries and benefits increase of 4% to C$200.5M (expense), Other operating increase of 7% to C$67.8M (expense). |
Employees: | 1,686 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $2,024M as of Dec 31, 2023 |
EBITDA (TTM): | $358.07M as of Dec 31, 2023 |
Net annual income (TTM): | $248.95M as of Dec 31, 2023 |
Free cash flow (TTM): | -$302.59M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $44,786M as of Dec 31, 2023 |
Shares outstanding: | 59,967,429 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |