Stock FN FIRST NATIONAL FINANCIAL CORPORATION
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Company First National Financial Corporation

Equities

FN

CA33564P1036

Corporate Financial Services

Market Closed - Toronto S.E.
Other stock markets
 04:00:00 2024-04-23 pm EDT 		5-day change 1st Jan Change
38.16 CAD +0.03% Intraday chart for First National Financial Corporation +1.46% -0.57%
Mar. 22 First National Financial Corp. Brief: Said Overnight Will Issue $200 Million of 3.6 Year Unsecured Notes MT
Mar. 21 First National Financial Corporation Announces to Issue $200 Million of 3.6 Year Unsecured Notes CI

Business Summary

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.

Number of employees: 1,624

Sales per Business

CAD in Million2022Weight2023Weight Delta
Residential
71.8 %
1,115 70.8 % 1,454 71.8 % +30.42%
Commercial
28.2 %
459 29.2 % 570 28.2 % +24.13%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
1,574 100.0 % 2,024 100.0 % +28.58%

Managers

Managers TitleAgeSince
Jason Ellis CEO
 Chief Executive Officer 52 03-12-31
Moray Tawse FOU
 Founder 66 88-03-30
Stephen Smith FOU
 Founder 71 88-03-30
Robert Inglis DFI
 Director of Finance/CFO - 96-12-31
Thomas Kim PRN
 Corporate Officer/Principal - 11-12-31
Hilda Wong LAW
 General Counsel - 06-12-31

Members of the board

Members of the board TitleAgeSince
Robert Pearce BRD
 Director/Board Member 69 17-07-05
Duncan Jackman BRD
 Director/Board Member 56 06-06-07
Barbara Palk BRD
 Director/Board Member 72 13-03-25
Rob Mitchell BRD
 Director/Board Member 68 06-06-07
Stephen Smith FOU
 Founder 71 88-03-30
Moray Tawse FOU
 Founder 66 88-03-30
Martine Irman BRD
 Director/Board Member 57 22-10-05
Jason Ellis CEO
 Chief Executive Officer 52 03-12-31
Diane Sinhuber BRD
 Director/Board Member - 22-10-05

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 59,967,429 17,121,579 ( 28.55 %) 0 28.55 %
Stock B 0 4,000,000 0 0

Shareholders

NameEquities%Valuation
Stephen Smith
37.37 %
22,409,355 37.37 % 623 M $
Moray Tawse
34.03 %
20,404,355 34.03 % 567 M $
Soundvest Capital Management Ltd.
0.4102 %
246,000 0.4102 % 7 M $
Scotia Managed Companies Administration, Inc.
0.2429 %
145,687 0.2429 % 4 M $
AllianceBernstein Ltd.
0.1263 %
75,750 0.1263 % 2 M $
Manulife Investment Management Ltd.
0.1098 %
65,817 0.1098 % 2 M $
Brompton Funds Ltd.
0.0577 %
34,600 0.0577 % 961 707 $
ATB Investment Management, Inc.
0.0362 %
21,686 0.0362 % 602 762 $
Duncan Jackman
0.0183 %
11,000 0.0183 % 305 745 $
NCM Asset Management Ltd.
0.0182 %
10,900 0.0182 % 302 966 $
NameEquities%Valuation
J. Zechner Associates, Inc.
16.45 %
491,000 16.45 % 5 M $
Moray Tawse
4.984 %
148,750 4.984 % 1 M $
Fiera Investments LP
0.2714 %
8,100 0.2714 % 77 776 $
NameEquities%Valuation
J. Zechner Associates, Inc.
24.53 %
249,000 24.53 % 3 M $
Manulife Investment Management Ltd.
0.3940 %
4,000 0.3940 % 42 688 $

Company contact information

First National Financial Corp. (Ontario)

16 York Street Suite 1900

M5J 0E6, Toronto

+

http://www.firstnational.ca
address First National Financial Corporation(FN)

Group companies

NameCategory and Sector
First National Financial LP
Logo First National Financial LP

First National Financial LP

Finance/Rental/LeasingFinance

Part of First National Financial Corp. (Ontario), First National Financial LP is a mortgage management company based in Toronto, Canada. The Canadian company's goal is to simplify mortgage management and provide excellent service to their clients. The private company offers prepayment privileges, but additional charges may apply if the client chooses to pay more than allowed. The company was founded by Stephen J. R. Smith and Moray Tawse, and Stephen J. R. Smith has been the CEO since incorporation.

Finance/Rental/Leasing

Sector

Financials
Banking & Investment Services
Banking Services
Corporate Financial Services
Other Corporate Financial Services

Sales per Business

Ratings for First National Financial Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
38.16 CAD
Average target price
42.33 CAD
Spread / Average Target
+10.94%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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