Firm Capital Mortgage Q3 net income rises

Firm Capital Mortgage Investment

04/11/2025 22:34

Overview

Firm Capital Q3 net income rises 1.4% yr/yr

Investment portfolio decreased by 4.1% to $627.1 mln as at September 30, 2025, in comparison to $653.8 million as at December 31, 2024

Company maintained Q3 dividend at $0.234 per share

Outlook

Firm Capital Mortgage did not provide specific future guidance in its press release

Result Drivers

PORTFOLIO DECREASE - Co's investment portfolio decreased due to higher repayments and lower new investment funding

CREDIT LOSSES - Allowance for expected credit losses increased, impacting financial results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 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 10.2% above its November 3 closing price of C$11.67

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

Press Release: ID:nGNX1BptT4

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)