Finance Of America Cos

Finance of America Cos. Inc. engages in the provision of mortgage loans, reverse mortgage loans, and business purpose loans to residential real estate investors. It offers a vertically integrated lending and services platform that connects borrowers with investors. The company was founded on October 9, 2020 and is headquartered in Plano, TX.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Finance of America reports Q4 loss, eyes growth in reverse mortgages

Finance of America reported a net loss in Q4 2022, driven by wind down and operating losses, but made strategic decisions to focus on high-growth areas like Reverse mortgages.
The acquisition of AAG positions the company as the largest reverse originator, with steps taken to strengthen the balance sheet and anticipate improved performance in 2023.
While near-term volatility is expected due to recent transformations, Finance of America's focus on growth areas and balance sheet enhancements signal a commitment to long-term success.

Finance Of America reports Q1 progress amidst challenges and opportunities

Finance Of America's Q1 2023 earnings call highlighted progress, challenges, and opportunities for the company.
Management's focus on core businesses and long-term earnings power instills confidence in stakeholders.
Analysts' inquiries into competition, profitability, and restructuring reflect market interest in the company's performance.
Overall, Finance Of America's strategic direction and financial improvements position it for future growth and success.

Finance of America reports Q2 losses but eyes growth opportunities

Finance of America's Q2 performance reflects challenges from market impacts but also strengths in strategic actions and growth potential in modern retirement solutions.
Efforts to streamline operations, reduce expenses, and leverage home equity present opportunities for long-term financial stability and earnings growth.
Despite challenges in Q2, the company's focus on integration, cost savings, and market leadership positions it well for future success in addressing the retirement savings gap.

Finance of America reports Q3 losses but eyes strategic growth

Finance of America faced challenges in Q3 with a net loss, but remains optimistic about future success amidst macro headwinds.
Strategic actions to enhance revenue and cost reduction efforts have positioned the company for long-term growth and efficiency.
Opportunities lie in expanding product offerings, improving customer experience, and leveraging a customer-centric approach for sustained success.

Finance of America reports Q4 results, targets growth and profitability

Finance of America's Q4 performance showed mixed results with improved margins and reduced expenses. The company is focused on growth, profitability, and integrating home equity into retirement planning. Analyst questions and concerns were addressed during the call.

Finance of America reports improved Q1 performance and eyes growth opportunities

Finance of America is on track towards sustained profitability, with executives expressing confidence in the company's trajectory. The company is modernizing its operations, focusing on digital capabilities, and targeting growth in origination volumes for the upcoming quarters.

Finance Of America Cos reports positive Q2 performance and growth outlook

FOA's Q2 performance reflects positive trends in adjusted EBITDA and revenue growth.
The company's strengths include improved fundamentals, strategic initiatives, and growth outlook.
Challenges in managing expenses and maximizing profitability require focused attention.
Opportunities in leveraging programs, strategic growth initiatives, and market expansion are key.

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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.

Finance of America Companies Inc. (FOA) Q4 2023 Earnings Call Transcript

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.

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, today announced that it will release results for the fourth quarter and full year ended December 31, 2023 after market closing on Wednesday, March 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 fourth quarter a.

Finance of America Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call on March 6, 2024

PLANO, Texas--(BUSINESS WIRE)--The New York Stock Exchange (the “NYSE”) requires that companies with shares listed on the NYSE comply with the NYSE's continued listed standards. The NYSE's continued listing standards include the requirement set forth in Section 802.01C of the NYSE Listed Company Manual that the average closing price of a security is not less than $1.00 over a consecutive 30 trading-day period.

Finance of America Receives Continued Listing Standard Notice from the NYSE

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Finance of America Companies Inc. (NYSE:FOA ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Michael Fant - SVP, Finance Graham Fleming - Chief Executive Officer and Interim Chief Financial Officer Kristen Sieffert - President Conference Call Participants Stephen Laws - Raymond James Operator Hello and welcome to the Finance of America's Third Quarter 2023 Earnings Call. All lines have been placed on mute to prevent any feedback noise.

Finance of America Companies Inc. (FOA) Q3 2023 Earnings Call Transcript

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 September 30, 2023. Third Quarter 2023 Highlights Net loss from continuing operations of $172 million primarily due to non-cash, negative fair value changes on long-term assets and liabilities. For the quarter, the Company recognized an adjusted net loss(2) of $25 million or $0.11 per share.

Finance of America Reports Third Quarter 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a modern retirement solutions platform, today announced that it will release financial results for the third quarter ended September 30, 2023 after market closing on Tuesday, November 7, 2023. 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 third quarter ended September 30, 20.

Finance of America Announces Third Quarter Earnings Release and Conference Call on November 7, 2023

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a modern retirement solutions platform, announced today the expanded launch of its HomeSafe Second loan so that more homeowners 55 and older have a tool to access their home equity without adding new monthly payments or changing the existing rate on their first mortgage. With the wider rollout across its direct-to-consumer and wholesale divisions, Finance of America will increase the availabilit.

Finance of America Expands Reach of Second Lien Reverse Mortgage to Allow More Homeowners 55 and Older to Access Home Equity

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SAN DIEGO--(BUSINESS WIRE)--Finance of America Reverse LLC (“FAR”), a leading provider of reverse mortgages and part of Finance of America's (NYSE: FOA) modern retirement solutions platform, today published its 2023 Home Equity Punch List. The survey tracks U.S. homeowners' perceptions and understanding of home equity, as well as sentiment related to long-term financial planning and retirement-related topics over time. Topline Survey Findings FAR's second annual Home Equity Punch List survey re.

Concerns about Household Finances Remain High as 8 out of 10 Homeowners are Anxious about U.S. Economy, According to New Research from FAR

Finance of America Companies Inc. (NYSE:FOA ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Michael Fant - SVP, Finance Graham A. Fleming - CEO Johan Gericke - CFO Conference Call Participants Stephen Laws - Raymond James Operator Thank you for standing by.

Finance of America Companies Inc. (FOA) Q2 2023 Earnings Call Transcript

Finance of America Companies Inc. (FOA) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.12 per share a year ago.

Finance of America Companies Inc. (FOA) Reports Q2 Loss, Misses Revenue Estimates

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 June 30, 2023. Second Quarter 2023 Highlights Net loss from continuing operations of $221 million primarily due to non-cash, negative fair value changes on long-term assets and liabilities. For the quarter, the Company recognized an adjusted net loss(2) of $26 million or $0.12 per fully dilu.

Finance of America Reports Second Quarter 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a modern retirement solutions platform, today announced that it will release results for the second quarter ended June 30, 2023 after market closing on Tuesday, August 8, 2023. 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 second quarter ended June 30, 2023. A copy of the pr.

Finance of America Announces Second Quarter Earnings Release and Conference Call on August 8, 2023

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PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”), a modern retirement solutions platform, issued the following statement today from FOA Chief Executive Officer Graham A. Fleming regarding the closing of the previously announced sale of the title insurance business of Incenter, an FOA subsidiary, to a wholly owned subsidiary of Essent Group Ltd. (NYSE: ESNT) (such transaction, “the Incenter Transaction”): "The completion of this transaction ma.

Finance of America Issues Statement on the Sale of Incenter's Title Insurance Business

Finance of America Companies Inc. (FOA) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.20 per share a year ago.

Finance of America Companies Inc. (FOA) Reports Q1 Loss, Tops Revenue Estimates

Finance Of America Companies Inc. (NYSE:FOA ) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Michael Fant - Senior Vice President, Finance Graham Fleming - Chief Executive Officer Johan Gericke - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Leon Cooperman - Omega Advisors Operator Good afternoon. Thank you for attending today's Finance Of America First Quarter 2023 Earnings Call.

Finance Of America Companies Inc. (FOA) Q1 2023 Earnings Call Transcript

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, 2023. First Quarter 2023 Highlights For the first quarter 2023, the Company recognized net income from continuing operations of $55 million or $0.29 basic earnings per share. Completed the American Advisors Group (“AAG”) asset acquisition and concurrent $30 million equity raise. C.

Finance of America Reports First Quarter 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”) today announced changes to its financial reporting segments, effective for the quarter ended March 31, 2023, to more closely align with business strategy: Retirement Solutions, Portfolio Management and Corporate & Other. “Our new reporting structure is a natural evolution of our business strategy, following a series of transformational actions over the past year to reshape the business into.

Finance of America Establishes New Reporting Segments

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a leading specialty finance solutions platform, today announced that it will release results for the first quarter ended March 31, 2023 after market closing on Monday, May 8, 2023. 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, 2023. A copy of th.

Finance of America Announces First Quarter Earnings Release and Conference Call on May 8, 2023

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PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”) today announced a new chapter in the Company's strategy to create a retirement solutions platform that helps older homeowners achieve financial goals in retirement. The announcement follows the close of FOA's previously announced transaction to acquire the assets of American Advisors Group (“AAG”), a leading direct-to-consumer reverse mortgage lender, on March 31, 2023.

Finance of America Marks New Chapter in its Strategic Vision to Create Modern Retirement Solutions Centered on the Home

NEW YORK , March 14, 2023 /PRNewswire/ -- Roc Capital Holdings LLC ("Roc360"), a vertically integrated platform for residential real estate investors and a leading originator of business purpose loans nationwide, today announced it has closed on the previously announced transaction for Finance of America Commercial ("FACo") assets. Founded in 2014, Roc360 has funded in excess of $14 billion in loans through its lending subsidiaries.

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