Canada's Firm Capital Mortgage Q1 profit drops as portfolio contracts

Firm Capital Mortgage Investment

05/05/2026 22:09

Overview

Canada mortgage lender's Q1 net income fell 13.7% yr/yr

Q1 EPS declined to C$0.234 from C$0.271 a year earlier

Investment portfolio shrank 6.2% from December 2025 on lower new funding

Outlook

Firm Capital Mortgage declares monthly cash dividend of C$0.078 per share for upcoming months

Result Drivers

LOWER NEW FUNDING - Q1 new investment funding dropped to C$25.8 mln from C$70.2 mln a year earlier, contributing to a smaller investment portfolio

PORTFOLIO CONTRACTION - Investment portfolio decreased 6.2% to C$572.8 mln from December 2025

Company press release: ID:nGNX2Fkdsr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
C$0.234


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Firm Capital Mortgage Investment Corp is C$12.50, about 2.9% above its May 4 closing price of C$12.15

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)