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First National Financial Corp T.FN

Alternate Symbol(s):  FNLIF | T.FN.PR.A | T.FN.PR.B

First National Financial Corporation is the parent company of First National Financial LP, a Canadian originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. The Company's segments include Residential and Commercial. The Residential segment includes single-family residential mortgages. The Commercial segment includes multi-unit residential and commercial mortgages. Its commercial mortgage solutions include mortgage solutions and commercial servicing. Its mortgage solutions include retail, multi-family residential, office, industrial, storage, student housing, mixed-use and land. Its commercial servicing includes mortgage servicing, financial requirements, undertaking, insurance requirements, property tax, pre-payments and banking changes, and annual compliance forms. Residential Mortgage solutions include home buyers, customers and My Mortgage by First National. The Company offers mortgage brokers solutions.


TSX:FN - Post by User

Post by retiredcfon Jun 23, 2024 2:46pm
362 Views
Post# 36102384

Assessment

AssessmentFN management is very astute in the financial services industry and we think it is a good income investment. It is fairly small and entirely dependent on mortgages and sensitive to the economy and interest rates, so these are risks to consider. But it is cheap at only 9X earnings, the dividend is attractive and has shown some growth, and it has a decent history of relatively-steady growth. We think it could be added to larger financial stocks for diversification, but we would consider more income focused than growth. (5iResearch)
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