- First National Financial reported a significant revenue increase in the fourth quarter of 2024, totaling C$600.1 million, which is a 19% rise year-over-year. This figure surpassed the estimated C$224.6 million.
- The company’s total assets reached C$51.16 billion, marking an 11% increase compared to the previous year.
- Management anticipates increased single-family origination levels in the coming quarters, attributing this to heightened commitment levels compared to late 2023.
- Despite a moderation in growth towards the end of 2024, the first quarter of 2025 is expected to show origination volumes exceeding the same period in the previous year.
- The company achieved a 27% year-over-year growth in total fourth-quarter originations, including renewals, which helped mitigate the impact of lower mortgage volumes earlier in the year.
- Analyst ratings reflect a cautious outlook with 1 buy, 4 holds, and no sells currently recommended.
A look at First National Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First National Financial Corporation, a company that deals with residential and commercial mortgages in Canada, has received a varied range of Smartkarma Smart Scores, indicating its future outlook in different aspects. The company has been rated with a score of 4 for Dividend and Momentum, suggesting a positive sentiment towards its dividend payouts and stock momentum. Additionally, it has received a score of 3 for both Value and Growth, indicating a moderate standing in terms of its valuation and potential growth. However, the company scored a 2 for Resilience, which may imply a slightly lower level of resilience compared to other factors evaluated.
In summary, based on the Smartkarma Smart Scores, First National Financial Corporation shows strengths in its dividend performance and stock momentum, with a moderate standing in terms of value and growth prospects. However, its resilience score is relatively lower, indicating a potential area for improvement or concern in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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