| Finance of America Companies, Inc. (FOA) Q1 2025 Earnings Call Transcript |
Finance of America Companies, Inc. (NYSE:FOA ) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Michael Fant - SVP, Finance Graham Fleming - CEO Kristen Sieffert - President Matt Engel - CFO Conference Call Participants Will Nasta - UBS Operator Thank you for standing by. My name is Celine, and I'll be your conference operator today. |
seekingalpha.com |
2025-05-06 22:42:48 |
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| Finance of America Reports First Quarter 2025 Results |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended March 31, 2025. First Quarter 2025 Highlights(1) $3.17 in basic earnings per share or $80 million of net income from continuing operations for the quarter. $0.52 adjusted earnings per share or $13 million of Adjusted net income(2) for the quarter. |
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2025-05-06 20:05:00 |
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| Finance of America Promotes Jonathan Scarpati to Chief Production Officer |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Reverse LLC (“Finance of America” or the “Company”), a leading provider of home equity-based financing solutions for a modern retirement and a part of Finance of America Companies Inc. (NYSE: FOA), announced the promotion of Jonathan Scarpati to Chief Production Officer. This new strategic position will strengthen FOA's leadership in an area that is essential to the company's long-term growth plans and further its efforts to make home equity for. |
businesswire.com |
2025-04-02 13:00:00 |
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| FOA Appoints New Board Members Andrew Essex and Cory Gardner |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“FOA” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced the appointment of Andrew Essex and former U.S. Senator Cory Gardner to its Board of Directors. Their addition brings a wealth of expertise in marketing, public policy, and strategic growth, further strengthening the Company's leadership as it continues to expand its impact on senior homeowners. |
businesswire.com |
2025-03-20 10:00:00 |
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| Finance of America's Turnaround Is In Full Progress |
Finance of America Companies Inc. focuses on reverse mortgage loans, capitalizing on the growing senior market and significant home equity among older Americans. The company has streamlined its business to concentrate on retirement solutions, showing strong growth in reverse mortgage originations and introducing new products like hybrid mortgage loans. The acquisition of American Advisors Group (AAG/Bloom) has bolstered its market position, expanded distribution channels, and enhanced revenue margins, driving profitability. |
seekingalpha.com |
2025-03-13 15:37:35 |
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| Finance of America Companies, Inc. (FOA) Q4 2024 Earnings Call Transcript |
Finance of America Companies, Inc. (NYSE:FOA ) Q4 2024 Earnings Conference Call March 11, 2025 5:00 PM ET Company Participants Michael Fant - SVP, Finance Graham Fleming - CEO Kristen Sieffert - President Matt Engel - CFO Conference Call Participants Stephen Laws - Raymond James Operator Thank you for standing by. My name is Celine, and I'll be your conference operator today. |
seekingalpha.com |
2025-03-11 21:33:48 |
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| Finance of America Companies Inc. (FOA) Q4 Earnings and Revenues Miss Estimates |
Finance of America Companies Inc. (FOA) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to loss of $0.90 per share a year ago. |
zacks.com |
2025-03-11 20:15:26 |
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| Finance of America Reports Fourth Quarter and Full Year 2024 Results |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter and year ended December 31, 2024. Full Year 2024 Highlights(1) Net income from continuing operations of $40 million or $1.78 basic earnings per share for the year. Adjusted net income(2) of $14 million or $0.60 adjusted earnings per share for the year. |
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2025-03-11 18:05:00 |
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| Finance of America Announces Strategic Leadership Additions to Drive Digital Innovation in Home Equity Retirement Solutions |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Reverse LLC (“Finance of America” or the “Company”), a leading provider of home equity-based financing solutions for a modern retirement and a part of Finance of America Companies Inc. (NYSE: FOA), announced two key executive hires to accelerate its strategy of redefining the reverse mortgage market through digital transformation. These strategic appointments reinforce Finance of America's commitment to modernizing a corner of the mortgage indus. |
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2025-03-04 10:00:00 |
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| Finance of America Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call on March 11, 2025 |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the fourth quarter and full year ended December 31, 2024 after market closing on Tuesday, March 11, 2025. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss th. |
businesswire.com |
2025-02-25 18:05:00 |
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| 3 Mortgage & Related Services Stocks to Watch Despite Industry Woes |
While volatile mortgage rates and declining purchase originations will likely hurt the Zacks Mortgage & Related Services industry, companies like PFSI, TREE and FOA are well-poised to navigate the challenges. |
zacks.com |
2025-02-05 15:40:32 |
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| Fast-paced Momentum Stock Finance of America Companies (FOA) Is Still Trading at a Bargain |
Finance of America Companies (FOA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices. |
zacks.com |
2024-12-27 11:51:20 |
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| Best Momentum Stocks to Buy for December 12th |
ZIM, OMCL and FOA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 12, 2024. |
zacks.com |
2024-12-12 13:16:11 |
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| Earnings Estimates Moving Higher for Finance of America Companies (FOA): Time to Buy? |
Finance of America Companies (FOA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. |
zacks.com |
2024-12-11 15:20:18 |
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| What Makes Finance of America Companies (FOA) a New Strong Buy Stock |
Finance of America Companies (FOA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). |
zacks.com |
2024-12-11 15:05:28 |
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| Are You Looking for a Top Momentum Pick? Why Finance of America Companies Inc. (FOA) is a Great Choice |
Does Finance of America Companies Inc. (FOA) have what it takes to be a top stock pick for momentum investors? Let's find out. |
zacks.com |
2024-12-11 15:01:16 |
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| Why Fast-paced Mover Finance of America Companies (FOA) Is a Great Choice for Value Investors |
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Finance of America Companies (FOA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen. |
zacks.com |
2024-12-11 11:51:17 |
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| Fast-Growing Companies That Are Still Undervalued |
Momentum investors look for companies that are already on an upward trajectory in hopes that the trend will continue, while value investors seek out firms with fundamentals supporting a higher share price than currently available on the market. Though these core investment strategies are often positioned separately from one another, in some cases they work in tandem, making for an even more compelling case for investment. |
marketbeat.com |
2024-12-07 10:22:09 |
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| Finance of America Companies Inc. (FOA) Tops Q3 Earnings Estimates |
Finance of America Companies Inc. (FOA) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $1.10 per share a year ago. |
zacks.com |
2024-11-06 22:11:13 |
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| Finance of America Reports Third Quarter 2024 Results |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights(1) Net income from continuing operations of $204 million or $8.48 basic earnings per share for the quarter. Adjusted net income(2) of $15 million or $0.67 adjusted earnings per share for the quarte. |
businesswire.com |
2024-11-06 18:42:00 |
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| Finance of America Announces a Nearly 98% Participation Rate in the Exchange Offer and Consent Solicitation for Existing 2025 Unsecured Notes |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, is pleased to announce that holders of $342,622,000 aggregate principal amount (97.892%) of the outstanding 7.875% Senior Notes due 2025 (the “2025 Unsecured Notes”) of its subsidiary Finance of America Funding LLC (“FOA Funding”) have elected to participate, as of 5:00 P.M., New York City time,. |
businesswire.com |
2024-10-28 09:30:00 |
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| Finance of America Announces Third Quarter 2024 Earnings Release and Conference Call on November 6, 2024 |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the third quarter ended September 30, 2024 after market closing on Wednesday, November 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company'. |
businesswire.com |
2024-10-23 20:05:00 |
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| Finance of America Companies Inc. (FOA) Reports Q2 Loss, Tops Revenue Estimates |
Finance of America Companies Inc. (FOA) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $1.20 per share a year ago. |
zacks.com |
2024-08-06 22:56:22 |
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| Finance of America Announces Exchange Offer Support Agreement with Unsecured Corporate Noteholders |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that certain of its direct and indirect subsidiaries, including Finance of America Funding LLC (“FOA Funding”), entered into an agreement (the “Exchange Offer Support Agreement”) with certain holders representing approximately 71.1% of FOA Funding's outstanding unsecured Senior N. |
businesswire.com |
2024-06-25 11:00:00 |
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| Finance of America Companies Inc. (FOA) Q1 2024 Earnings Call Transcript |
Finance of America Companies Inc. (NYSE:FOA ) Q1 2024 Results Conference Call May 6, 2024 5:00 PM ET Company Participants Michael Fant - SVP, Finance Graham Fleming - CEO Kristen Sieffert - President Matt Engel - CFO Conference Call Participants Douglas Harter - UBS Stephen Laws - Raymond James Operator Hello. Thank you for standing by. |
seekingalpha.com |
2024-05-06 23:34:09 |
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| Finance of America Reports First Quarter 2024 Results |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net loss from continuing operations for the first quarter of $16 million or $0.06 basic loss per share. For the quarter, the Company recognized an adjusted net loss(1) of $7 million or $0.03 per share. 69% improvement on a pre-tax basis in Retire. |
businesswire.com |
2024-05-06 20:15:00 |
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| Finance of America Unifies FAR, AAG Under Single Brand |
TULSA, Okla.--(BUSINESS WIRE)--Finance of America Reverse LLC (“Finance of America” or the “Company”), a leading provider of home equity-based financing solutions for a modern retirement, today announced plans to consolidate its American Advisors Group (AAG) and Finance of America Reverse (FAR) brands under the single brand name, Finance of America. The change is generally expected to take effect in the third quarter of 2024 and will remain subject to regulatory considerations in certain jurisd. |
businesswire.com |
2024-05-06 13:00:00 |
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| Finance of America Companies Inc. (FOA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release |
Finance of America Companies (FOA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-04-29 15:06:46 |
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| Finance of America Announces First Quarter 2024 Earnings Release and Conference Call on May 6, 2024 |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, today announced that it will release results for the first quarter ended March 31, 2024 after market closing on Monday, May 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the first quarter ended March 31, 2024. A c. |
businesswire.com |
2024-04-22 20:05:00 |
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| Finance of America Companies Inc. (FOA) Q4 2023 Earnings Call Transcript |
Finance of America Companies Inc. (NYSE:FOA ) Q4 2023 Earnings Conference Call March 6, 2024 5:00 PM ET Company Participants Michael Fant - Senior Vice President of Finance Graham Fleming - Chief Executive Officer Kristen Sieffert - President Matthew Engel - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Cory Johnson - UBS Lee Cooperman - Omega Family Office Operator Ladies and gentlemen, thank you, for standing by. My name is [Natalie], and I will be your conference operator today. |
seekingalpha.com |
2024-03-06 22:57:09 |
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| Finance of America Reports Fourth Quarter and Full Year 2023 Results |
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, reported financial results for the quarter and year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights Net income from continuing operations for the fourth quarter of $171 million or $0.72 basic earnings per share primarily due to non-cash, positive fair value changes on long-term assets and liabilities combined with imp. |
businesswire.com |
2024-03-06 18:21:00 |
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