Firm Capital Mortgage Investment (FC) Q4 2024 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2024 earnings summary
5 Oct, 2026Executive summary
FY net income rose 3.1% to $35.2M; the investment portfolio grew 9.3% to $653.8M gross at Dec. 31, 2024.
Q4 net income increased 9.9% YoY to $9.2M; the year-end portfolio comprised 285 investments.
Financial highlights
Q4 2024 net income was $9.16M vs. $8.34M in Q4 2023; FY net income was $35.23M vs. $34.16M.
Basic weighted-average EPS was $0.249 in Q4 2024 vs. $0.242; FY EPS was $0.966 vs. $0.991 in 2023.
FY 2024 new investment funding was $329.0M vs. $249.5M; repayments were $265.3M vs. $312.3M.
Outlook and guidance
Investment objective is to preserve shareholder equity while providing a stable stream of monthly dividends through investments in niche real estate lending markets.
Forward-looking assumptions include historically consistent mortgage rates, adequate investment opportunities, and continued access to bank indebtedness and loans.
Latest events from Firm Capital Mortgage Investment
- Earnings and portfolio contracted; monthly dividends remained at $0.078 per share.FC
Q1 2026 - Net income fell as the portfolio shrank and average yields eased.FCQ2 2026
- Q2 net income rose 13.4%; portfolio declined 4.5% and monthly dividends were declared.FCQ2 2025
- Net income rose 16.4% as the portfolio contracted 3.4%; monthly dividends remain $0.078.FCQ1 2025
- 9M net income rose 10.3%, while the portfolio contracted 4.1%.FCQ3 2025
- FY2025 earnings rose as the mortgage portfolio contracted and monthly dividends continued.FCQ4 2025