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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 2020 across Canada, an increase of 10% from 2019.
The number of full-time First National employees at year end, reflecting 18% year-over-year growth in our workforce to meet customer needs.
Mortgages under administration (MUA) – the source of most of the Company’s earnings – reached this milestone at year end 2020, a 7% increase over 2019.
Revenue in 2020 grew 4% to a new annual record, despite the dampening effect of lower interest rates.
Record net income in 2020 ($3.12 per share) reflected higher origination and wider mortgage spreads.
The after-tax, Pre-Fair Market Value1 return on shareholders’ equity in 2020 demonstrates the efficiency of the First National business model.
Value of common share dividends declared in 2020, bringing the cumulative total to $1.5 billion ($25.80 per share) since the Company’s initial public offering in 2006.
Total shareholder return between our IPO in 2006 and December 31, 2020.
1 Non-IFRS Measure. See MD&A for more details.