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Our Annual Report is now available. To view our current and past Annual Reports, click here.
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Borrowers served by First National in 2018 across Canada.
Mortgages Under Administration (MUA) – the source of most of the Company’s earnings – reached this all-time record at year-end 2018.
Revenue in 2018 grew 10% to a new annual record as strong productivity was assisted by the rising interest rate environment.
Net income in 2018 ($2.73 per share) reflected good execution despite tighter mortgage spreads and higher securitization activity, which reduced earnings from 2017 levels by 9%.
The after-tax, Pre-Fair Market Value1 return on shareholders’ equity in 2018, a demonstration of the efficiency of the Company’s business model.
Value of common share dividends declared in 2018, bringing the cumulative total to almost $1.3 billion since the Company’s IPO in 2006.
The Company’s market capitalization at December 31, 2018.
1 Non-IFRS Measure. See MD&A for more details.