Canada's Firm Capital Mortgage Q4 net income falls, investment portfolio decreases

Firm Capital Mortgage Investment

13/03/2026 03:54

Overview

Canadian mortgage lender's Q4 net income fell 4.7% yr/yr, EPS also declined

Investment portfolio decreased 6.5% yr/yr amid higher repayments and lower new funding

Company declared monthly cash dividend, unchanged from prior periods

Outlook

Firm Capital Mortgage did not provide specific financial guidance for the current or future periods

Result Drivers

PORTFOLIO CONTRACTION - Co said investment portfolio decreased 6.5% yr/yr as repayments exceeded new funding

CREDIT LOSS ALLOWANCES - Allowance for expected credit losses and fair value adjustment rose to C$36.8 mln from C$29.6 mln yr/yr

LOWER PORTFOLIO YIELD - Average face interest rate on investment portfolio fell to 9.50% from 10.07% yr/yr

Company press release: ID:nGNX7K4nMg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
C$0.24


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$13.00, about 11.8% above its March 12 closing price of C$11.63

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 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.)