Quarterly ResultMay 5, 2026, 04:13 PM
Finance of America Q1 Basic EPS $1.93; Net Income $35M
AI Summary
Finance of America Companies Inc. reported strong first-quarter 2026 financial results, with basic earnings per share of $1.93 and net income of $35 million. Adjusted earnings per share reached $1.10, exceeding consensus estimates, and adjusted net income was $26 million. The company also saw a 6% year-over-year increase in funded volume and a significant rise in total and tangible equity.
Key Highlights
- Basic earnings per share was $1.93, with net income of $35 million for Q1 2026.
- Adjusted earnings per share was $1.10, and adjusted net income was $26 million, exceeding consensus estimates.
- Adjusted EBITDA for the quarter reached $44 million.
- Funded volume increased 6% year-over-year to $596 million.
- Total equity grew to $438 million, and tangible equity increased 43% YoY to $268 million.
- Cash and cash equivalents rose 108% YoY to $108 million.
- Retirement Solutions segment pre-tax income surged 233% YoY to $10 million.
- Adjusted net income for Portfolio Management segment increased 40% YoY to $28 million.