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 Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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 (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.

Fast-paced Momentum Stock Finance of America Companies (FOA) Is Still Trading at a Bargain

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ZIM, OMCL and FOA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 12, 2024.

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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.

Earnings Estimates Moving Higher for Finance of America Companies (FOA): Time to Buy?

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).

What Makes Finance of America Companies (FOA) a New Strong Buy Stock

Does Finance of America Companies Inc. (FOA) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Finance of America Companies Inc. (FOA) is a Great Choice

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.

Why Fast-paced Mover Finance of America Companies (FOA) Is a Great Choice for Value Investors

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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.

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Finance of America Companies Inc. (FOA) Q3 2024 Earnings Call Transcript

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.

Finance of America Companies Inc. (FOA) Tops Q3 Earnings Estimates

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.

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, 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,.

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, 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'.

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 the commencement by its subsidiary Finance of America Funding LLC (“FOA Funding”) of (i) an exchange offer (the “Exchange Offer”) for any and all of FOA Funding's outstanding 7.875% Senior Notes due 2025 (the “2025 Unsecured Notes”) for (a) up to $200.0 million aggregate principa.

Finance of America Announces Exchange Offer and Consent Solicitation for Existing 2025 Unsecured Notes

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.

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

Finance of America Companies Inc. (NYSE:FOA ) Q2 2024 Earnings Conference Call August 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 Good day everyone, and welcome to the Finance of America Second Quarter 2024 Earnings Call. [Operator Instructions].

Finance of America Companies Inc. (FOA) Q2 2024 Earnings Call Transcript

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 June 30, 2024. Second Quarter 2024 Highlights Net loss from continuing operations for the second quarter of $5 million or $0.20 basic loss per share. For the quarter, the Company recognized an adjusted net loss(1) of $1 million or $0.05 per share.

Finance of America Reports Second Quarter 2024 Results

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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 second quarter ended June 30, 2024 after market closing on Tuesday, August 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 result.

Finance of America Announces Second Quarter 2024 Earnings Release and Conference Call on August 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 expects its intended 1-for-10 reverse stock split of its outstanding shares of Class A Common Stock, previously disclosed on June 27, 2024, to be effective as of July 25, 2024 at 5:00 p.m. Eastern Time (the “Effective Time”). The Company's Class A Common Stock is expected.

Finance of America Announces Expected Effective Date of July 25, 2024 for Reverse Stock Split

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants — ticker symbol FOA.WS — to purchase shares of Class A common stock of Finance of America Companies Inc. (the “Company”) from the NYSE. Trading in the warrants will be suspended immediately. Trading in the Company's Class A common stock — ticker symbol FOA — will continue on the NYSE. NYSE Regulation has d.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Finance of America Companies Inc. (FOA.WS)

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.

Finance of America Announces Exchange Offer Support Agreement with Unsecured Corporate Noteholders

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.

Finance of America Companies Inc. (FOA) Q1 2024 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, 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.

Finance of America Reports First Quarter 2024 Results

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.

Finance of America Unifies FAR, AAG Under Single Brand

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.

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