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First National Financial
First National Financial (FN) investor relations material
First National Financial Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary21 May, 2026
Executive summary
Net income for Q1 2026 was $2.8 million, impacted by expenses from the October 2025 go-private transaction.
Transaction-related costs included amortization of fair value adjustments and advisory, legal, and other acquisition expenses.
Financial highlights
Pre-FMV Income, a non-IFRS measure, decreased 16% year-over-year to $44.2 million from $52.6 million.
Higher net interest expenses, up by $15.2 million, were driven by increased leverage and higher debt capital costs.
Mortgage investment income declined by $9.6 million due to a lower interest rate environment.
Significant events and developments
The go-private transaction closed on October 22, 2025, resulting in fair value adjustments to tangible and intangible assets.
Amortization of these assets totaled approximately $40.0 million in Q1 2026, reducing earnings.
Advisory, structuring, and other acquisition-related expenses amounted to $2.2 million in the quarter.
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Latest events from First National Financial
- 2025 net income was $126.9M, with a Q4 loss due to major go-private transaction costs.FN
Q4 20251 Apr 2026 - Record MUA of CAD 150.6B achieved as net income fell and dividends increased amid origination growth expectations.FNQ3 202425 Feb 2026
- Record MUA and 35% commercial growth offset by lower net income and single-family originations.FNQ2 20242 Feb 2026
- Record mortgage growth and originations, but earnings fell on higher costs and margin pressure.FNQ1 202524 Dec 2025
- Q4 revenue and originations surged, but annual net income fell amid higher costs and uncertainty.FNQ4 202410 Dec 2025
- Q3 2025 net income surged 58% year-over-year to $57 million on higher origination volumes.FNQ3 202524 Nov 2025
- Record origination and revenue growth offset by risks from U.S. tariffs and tighter lending spreads.FNQ2 202530 Jul 2025
Next First National Financial earnings date
Q2 202628 Jul, 2026
First National Financial
Next First National Financial earnings date
Q2 202628 Jul, 2026
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