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    Financial Services

  3. •

    Financial - Mortgages
First National Financial Corporation

First National Financial Corporation

FNLIF
First National Financial CorporationUS flagOther OTC
34.22
USD
- -
- -
2.05BMarket Cap
First National Financial Corporation
FNLIF
(Other OTC)

Recent

price

34.22

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
1.98
3.29
3.03
4.1
5.66
4.25
4.73
6.87
7.29
6.51
6.79
7.67
8.22
8.77
10.21
9.8
9.64
Revenue per Share
1.71
1.5
1.1
1.76
2.75
1.62
1.71
3.28
3.42
2.73
2.9
3.12
3.2
3.25
4.15
3.33
3.06
Basic EPS, GAAP
1.46
2.74
-7.64
2.73
-2.57
-3.99
0.17
-2.26
3.17
-5.67
7.55
-4.18
-7.25
8.28
-1.83
-12.81
4.8
Free Cash Flow per Basic Share
1.46
1.49
2.22
1.34
1.45
1.6
1.62
1.73
3.14
2.9
2.45
2.51
3.54
2.4
3.22
3.02
3.04
Dividend per Share
18.44
3.91
3.25
3.75
5.12
5.26
5.46
7.09
7.44
7.3
7.8
8.45
8.13
9.02
10.01
10.38
10.57
Book Value per Share
12.26
2.77
2.27
3.61
5.12
5.24
5.45
7.04
6.94
6.75
7.25
7.4
7.51
9.54
10.18
10.19
10.33
Tangible Book Value per Share
13
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
Basic Weighted Avg Shares
25
197
182
246
340
255
284
412
437
390
407
460
493
526
612
588
578
Sales/Revenue/Turnover
100
12.52
61.88
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
12
11
9
9
9
10
8
6
5
8
8
9
14
14
15
12
Depreciation Expense
22
90
70
110
170
102
107
200
208
166
177
190
195
198
253
203
187
Net Income, GAAP
13.74
25.04
27.17
26.85
26.3
25.54
26.4
26.37
26.54
26.82
26.68
26.48
26.25
26.52
26.49
26.48
26.38
Effective Tax Rate (%)
86.26
45.55
38.68
44.83
49.97
39.89
37.76
48.46
47.6
42.66
43.52
41.37
39.48
37.61
41.29
34.61
32.4
Profit Margin (%)
-14
-19
1,265
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
7,463
10,223
13,609
18,338
23,360
25,501
27,317
28,653
31,874
33,425
35,370
36,994
38,405
40,612
45,401
48,100
LT Debt
234
234
293
365
450
451
458
550
543
532
562
571
577
699
738
738
747
Total Equity
12.1
0.47
0.9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
12.97
2.52
0.9
0.9
1.02
0.46
0.42
0.73
0.72
0.54
0.53
0.54
0.53
0.52
0.63
0.47
0.4
Return on Capital (%)
12.97
38.42
30.79
50.23
62.02
31.18
31.89
52.25
47.16
37
38.46
38.46
38.59
37.86
43.62
32.62
29.09
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
45,354
46,851
48,055
LT Finance Leases
47
46
45
Preferred Equity and Hybrid Capital
97
97
97
Shares Outstanding
60
60
60
Market Capitalization
2,418
2,346
2,256

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
238
232
261
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
206
227
268
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.33%
5.89%
0.06%
Free Cash Flow
-214.17%
36.39%
600.14%
Net Income, GAAP
10.2%
3.91%
-19.55%
Sales/Revenue/Turnover
9.54%
7.84%
-4.02%
Total Cash Common Dividend
11.04%
7.89%
-6.25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
116
187
180
128
612
2024
146
152
124
166
588
2025
116
172
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.58
1.47
1.38
- -
4.15
2024
0.82
0.89
0.59
- -
3.33
2025
0.39
1.04
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.61
0.62
0.62
- -
3.22
2024
0.63
0.63
0.63
- -
3.02
2025
0.64
0.64
- -
- -
- -
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Business
First National Financial Corporation (TSX: FN) originates, underwrites and services commercial and residential mortgages throughout Canada; it operates in two primary segments comprising residential lending featuring single-family and multi-unit residential mortgages originated via the mortgage broker channel and online platforms, and commercial lending encompassing multi-unit residential and various commercial mortgages originated directly with borrowers; the company also retains servicing rights on securitized assets and provides mortgage servicing, underwriting and administration services to third parties, with approximately 81% of mortgages insured by the Canada Mortgage and Housing Corporation. Founded in 1988 by Stephen J.R. Smith and Moray Tawse and headquartered at 16 York Street in Toronto, Ontario, First National maintains offices across Canada including Vancouver, Calgary, Halifax and Montreal, administering over $100 billion in mortgages for institutional investors, residential customers and commercial clients. In July 2025, the company entered a definitive arrangement agreement to be acquired by Regal Bidco Inc., a newly formed entity controlled by private equity funds managed by Birch Hill Equity Partners Management Inc. and Brookfield Asset Management Ltd., in a C$2.2 billion transaction emerging from a strategic review process that enhances its growth platform under new ownership.

Company News

APIChatGPT

  • seekingalpha.com

    First National Financial Corporation (FNLIF) Q1 2025 Earnings Call Transcript

  • seekingalpha.com

    First National Financial Corporation (FNLIF) Q4 2024 Earnings Call Transcript

  • seekingalpha.com

    First National Financial Corporation (FNLIF) Q3 2024 Earnings Call Transcript

  • seekingalpha.com

    First National Financial Corporation (FNLIF) Q2 2024 Earnings Call Transcript