ECN Capital Corp.
ECN-PC.TO
Toronto Stock Exchange26.12
CAD
-0.02
- -
ECN Capital Corp.
ECN-PC.TO
(Toronto Stock Exchange)
Recent
price
26.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American financial institutions, including banks, credit unions, insurance companies, pension funds, and investment funds; it originates, manages, and advises on prime credit assets with approximately $8.2 billion in managed assets as of September 30, 2025. The company operates primarily through two segments: Manufactured Housing Finance, encompassing Triad Financial Services, which provides consumer loans for manufactured home purchases at the point of sale through partnerships with vendors and manufacturers for 40+ financial institutions; and Recreational Vehicle and Marine Finance, including Source One Financial Services, LLC and Intercoastal Financial Group, LLC, offering secured loans to super-prime and prime credit quality customers. Its services target high-quality, medium- to long-duration assets to match partners' deposits, term insurance, or liabilities, with operations centered in the U.S. and a network exceeding 100 partners. Founded in 2016 as a spinoff from Element Financial Corporation and headquartered at 199 Bay Street, Suite 4000, Toronto, Ontario, Canada, ECN Capital has approximately 620 employees and focuses on asset-light models through origination, servicing, and advisory services. The company has strategically divested non-core assets, including the sale of its Kessler Group credit card and consumer payment business to Stone Point Capital in 2022 and Red Oak Inventory Finance to BharCap Partners in March 2024, streamlining operations toward consumer lending verticals. In recent developments, ECN Capital entered into a definitive agreement in November 2025 to be acquired by an investor group led by Warburg Pincus in an all-cash transaction valued at approximately C$1.9 billion, or C$3.10 per share, representing a 13% premium to the prior closing price and expected to close in the first half of 2026 subject to approvals. Subsidiaries Source One Financial Services and Triad Financial Services launched partnerships with Monroe Capital for RV, marine, and manufactured home community loans, with initial pools of $300 million and $250 million, respectively, over the past year. The company also completed convertible senior unsecured debenture offerings totaling C$83 million in March-April 2025 and reported strong Q3 2025 results with adjusted net income of US$0.06 per common share amid sales upgrades in key verticals.