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Last C$22.00 CAD
Change Today -0.50 / -2.22%
Volume 19.9K
FN On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:59 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

first national financial cor (FN) Snapshot

Open
C$22.60
Previous Close
C$22.50
Day High
C$22.60
Day Low
C$22.00
52 Week High
12/2/14 - C$25.00
52 Week Low
10/16/14 - C$19.58
Market Cap
1.3B
Average Volume 10 Days
23.7K
EPS TTM
C$1.18
Shares Outstanding
60.0M
EX-Date
04/28/15
P/E TM
18.6x
Dividend
C$1.50
Dividend Yield
6.82%
Current Stock Chart for FIRST NATIONAL FINANCIAL COR (FN)

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first national financial cor (FN) Details

First National Financial Corporation, through its subsidiaries, engages in the origination, underwriting, and servicing of residential and commercial mortgages in Canada. The company originates and underwrites prime single family residential mortgages; conventional multi-unit residential and commercial mortgages; and Canada Mortgage and Housing Corporation-insured multi-unit residential mortgages on apartment buildings and long-term residential care facilities, as well as offers other mortgage origination services. It also provides mortgage servicing solutions. The company is headquartered in Toronto, Canada.

839 Employees
Last Reported Date: 04/28/15

first national financial cor (FN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$750.0K
Chief Financial Officer
Total Annual Compensation: C$313.7K
Executive Vice President, Secretary and Direc...
Total Annual Compensation: C$750.0K
Senior Vice President of Commercial Mortgages
Total Annual Compensation: C$350.0K
Senior Vice President of Residential Mortgage...
Total Annual Compensation: C$349.1K
Compensation as of Fiscal Year 2014.

first national financial cor (FN) Key Developments

First National Financial Corporation Announces Earnings Results for the First Quarter Ended March 31, 2015

First National Financial Corporation announced earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was down 3% to $167.5 million from $172.7 million in the first quarter of 2014, due to higher losses on financial instruments which increased by $33.0 million over last year. Net loss was $3.5 million or $0.09 loss per common share compared to net income of $23.1 million or $0.35 per common share in the first quarter of 2014. Loss before income taxes was $4.9 million compared to income before income taxes of $31.3 million in the first quarter of 2014. Pre-FMV EBITDA was $38.4 million compared to $41.4 million in the first quarter of 2014. On both the pretax and net income basis, the company experienced a loss in the quarter due to loss on the fair value of financial instruments used to hedge interest [ph] hedge in a volatile bond market.

First National Financial Corporation Announces Dividend for the Month of April 2015, Payable on May 15, 2015

First National Financial Corporation announced its monthly dividend payment of $0.125 per common share for the period April 1 to April 30, 2015. The dividend will be payable on May 15, 2015 to shareholders of record at the close of business on April 30, 2015.

First National Financial Corporation Issues $175 Million of 5-Year Unsecured Notes

First National Financial Corporation announced it has issued $175,000,000 of new senior unsecured notes. Priced at $99.96 each, the notes were issued pursuant to a private placement under an offering memorandum for a five-year term maturing on April 9, 2020. The notes bear interest at 4.01% payable in equal semi-annual payments commencing October 9, 2015. The net proceeds of the issuance will be invested in First National Financial LP which in turn will repay a portion of the outstanding amount drawn on its bank credit facility. On May 7, 2015, the LP plans to draw on the bank credit facility to repay the company's maturing 5.07% $175,000,000 debentures.

 

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Industry Analysis

FN

Industry Average

Valuation FN Industry Range
Price/Earnings 18.1x
Price/Sales 1.3x
Price/Book 3.7x
Price/Cash Flow 17.2x
TEV/Sales -- Not Meaningful
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