First National Financial Corp
TSX:FN
Net Margin
First National Financial Corp
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| CA |
|
First National Financial Corp
TSX:FN
|
2.3B CAD |
9%
|
|
| US |
|
Rocket Companies Inc
NYSE:RKT
|
26B USD |
1%
|
|
| US |
|
UWM Holdings Corp
NYSE:UWMC
|
9B USD |
1%
|
|
| US |
|
Federal National Mortgage Association
OTC:FNMA
|
7.8B USD |
0%
|
|
| US |
|
Mr Cooper Group Inc
NASDAQ:COOP
|
6.6B USD |
30%
|
|
| US |
|
MGIC Investment Corp
NYSE:MTG
|
6.1B USD |
63%
|
|
| BM |
|
Essent Group Ltd
NYSE:ESNT
|
6B USD |
59%
|
|
| US |
|
Enact Holdings Inc
NASDAQ:ACT
|
5.2B USD |
57%
|
|
| US |
|
PennyMac Financial Services Inc
NYSE:PFSI
|
5.2B USD |
13%
|
|
| US |
|
Radian Group Inc
NYSE:RDN
|
4.8B USD |
47%
|
|
| US |
|
New York Community Bancorp Inc
NYSE:NYCB
|
4.5B USD |
-98%
|
First National Financial Corp
Glance View
First National Financial Corp, a stalwart in the Canadian financial landscape, thrives on the time-honored business of mortgage lending. Rooted in a philosophy that combines disciplined underwriting and robust risk management, the company has established itself as a leading non-bank mortgage originator in Canada. Founded in 1988, it has since expanded its footprint by catering to a wide spectrum of clients, including individuals looking for residential mortgages and developers in need of commercial property financing. The crux of their operation lies in originating, underwriting, and servicing both residential and commercial mortgages. Their ability to efficiently aggregate, securitize, and broker these loans ensures they capture recurring income streams, which is the very essence of their operational model. Revenue generation for First National pivots on the meticulous structuring of mortgage products and the subsequent management of these loans. By leveraging its comprehensive platform, the company retains servicing fees, captures interest from mortgage banking activities, and capitalizes on securitization gains. Servicing a formidable mortgage book, they rely on a blend of direct lending and strategic partnerships with brokers to access a broad client base, thereby enhancing volume and scale. This twofold approach allows them to harness the benefits of economies of scale, optimizing their expenses while reinforcing their competitive position in the market. By maintaining an unwavering commitment to risk assessment and customer focus, First National continues to solidify its reputation as a dependable force in Canada's mortgage financing realm.
See Also
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on First National Financial Corp's most recent financial statements, the company has Net Margin of 9%.
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