First National Financial Corporation

FN

CA33564P1036

Corporate Financial Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
36.29 ^CAD	+1.71%		-4.88%	-5.45%

May. 01	Transcript : First National Financial Corporation, Q1 2024 Earnings Call, May 01, 2024
May. 01	First National Financial Price Target Lowered to $41 at RBC	MT

First National Financial Corporation announced that it expects to receive CAD 199.999998 million in funding

March 20, 2024

First National Financial Corporation announced a private placement of senior unsecured notes for gross proceeds of CAD 200,000,000 on March 21, 2024. The notes will be issued at a price of CAD 999.91 per CAD 1,000 principal amount. The notes have a three-year term maturing on November 1, 2027.

The notes bear fixed interest at 6.261% payable in semi-annual payments commencing November 1, 2024. The transaction is expected to close on April 1, 2024.

Latest news about First National Financial Corporation

Transcript : First National Financial Corporation, Q1 2024 Earnings Call, May 01, 2024	May. 01
First National Financial Price Target Lowered to $41 at RBC	May. 01	MT
First National Financial Q1 Profit Rises 40% on Revenue Gains	Apr. 30	MT
First National Financial Corp. Brief: Q1 Net income was $49.9 million ($0.82 cents per share) compared to $35.7 million ($0.58 cents per share) a year ago	Apr. 30	MT
First National Financial Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 30	CI
First National Financial Corporation Announces Dividend for the Month Ended April 30, 2024, Payable on May 15, 2024	Apr. 15	CI
First National Financial Corp. Brief: Said Overnight Will Issue $200 Million of 3.6 Year Unsecured Notes	Mar. 22	MT
First National Financial Corporation Announces to Issue $200 Million of 3.6 Year Unsecured Notes	Mar. 21	CI
First National Financial Corporation announced that it expects to receive CAD 199.999998 million in funding	Mar. 20	CI
First National Financial Corporation Announces March 2024 Dividend, Payable on April 15, 2024	Mar. 15	CI
First National Financial Records $50 Billion In Commercial Mortgages Under Administration	Mar. 11	MT
First National Financial Corp. Brief: Say Surpassed $50 Billion of Commercial Mortgages Under Administration	Mar. 11	MT
First National Financial Price Target Lowered to $41 at BMO	Mar. 07	MT
Transcript : First National Financial Corporation, Q4 2023 Earnings Call, Mar 06, 2024	Mar. 06
First National Financial Corporation Reports Fourth Quarter, Annual 2023 Results	Mar. 05	MT
First National Financial Corp. Brief: Q4 Revenue was $503.4 million compared to $414.8 million a year ago	Mar. 05	MT
First National Financial Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 05	CI
North American Morning Briefing : S&P 500 Futures -2-	Mar. 05	DJ
North American Morning Briefing : S&P 500 Futures Dip; Apple Eyes 4-Month Low	Mar. 05	DJ
First National Financial Corporation Announces Dividend for the Month Ended February 29, 2024, Payable on March 15, 2024	Feb. 15	CI
Hedge fund Sona Asset Management taps ex-JP Morgan banker Aymeric Paillat -source	Jan. 22	RE
First National Financial Corporation Announces January Month Dividend, Payable on February 15, 2024	Jan. 15	CI
First National Financial Corporation Announces December Month Dividend, Payable on January 15, 2024	Dec. 15	CI
RBA Keeps Rates on Hold But Keeps Watch on Incoming Data -- Update	Dec. 04	DJ
National Bank Notes Q3 Revenue, EPS Beat for First National Financial Driven by 'Surprising Originations'; Up 4.9%	Nov. 01	MT

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Company Profile

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.

Sector

Corporate Financial Services

Calendar

2024-07-29 - Q2 2024 Earnings Release (Projected)

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Ratings for First National Financial Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

35.68 CAD

Average target price

40.67 CAD

Spread / Average Target

+13.98%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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