Finance of America Companies Inc. (FOA)
NYSE NYSE Primary Summary
FOA Chart
Finance of America Companies Q2 Earnings Call Highlights
Finance of America Companies NYSE: FOA reported second-quarter adjusted net income of $19 million, or $0.84 per share, as higher reverse-mortgage production and cash generation supported its full-year outlook despite a GAAP net loss tied largely to fair-value adjustments.
Finance of America Companies Inc. (FOA) Q2 2026 Earnings Call Transcript
Finance of America Companies Inc. (FOA) Q2 2026 Earnings Call Transcript
Finance of America Companies Inc. (FOA) Q2 Earnings and Revenues Miss Estimates
Finance of America Companies Inc. (FOA) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.55 per share a year ago.
Finance of America Companies Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 1 | $17 | $22.27 | $5.27 | 31% |
 Leon G. Cooperman Omega Advisors | 1.29M | $17.55M | $27.98M | $10.44M | 59.49% |
 Ana-Maria Ignat Covestor Ltd | 51 | $1,397.4 | $1,128.12 | -$269.28 | -19.27% |
 Drew Phillips Fortitude Family Office LLC | 18 | $495 | $409.5 | -$85.5 | -17.27% |
 Christopher C. Powers Farther Finance Advisors, LLC | 14 | $359 | $318.5 | -$40.5 | -11.28% |
Finance of America Companies Inc. (FOA) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Finance of America Companies Inc. ever had a stock split?
Finance of America Companies Inc. Profile
| Financial Services Industry | Financials Sector | Graham A. Fleming CEO | NYSE Exchange | 31738L206 CUSIP |
| US Country | 783 Employees | - Last Dividend | 26 Jul 2024 Last Split | 18 Apr 2019 IPO Date |
Overview
Finance of America Companies Inc. is a distinguished financial service holding company based in the United States. With its subsidiaries, it specializes in offering a comprehensive retirement solutions platform. The company diversifies its services into two main segments: Retirement Solutions and Portfolio Management. Since its inception in 2013, Finance of America has been dedicated to addressing the unique financial needs of its clientele, focusing on senior homeowners and investors. Headquartered in Plano, Texas, it has firmly established itself in the financial industry through its innovative approach to retirement solutions and portfolio management.
Products and Services
- Retirement Solutions:
This segment is primarily focused on loan origination activities designed for senior homeowners. It encompasses:
- Home Equity Conversion Loans: These are reverse mortgage loans allowing seniors to convert part of the equity in their home into cash without having to sell their home, give up title, or incur a new monthly mortgage payment.
- Proprietary Reverse Loans: Unique to Finance of America, these loans offer alternatives to the traditional FHA-insured home equity conversion mortgages, providing flexibility to cater to a broader range of borrowers.
- Hybrid Mortgage Loans: A novel approach combining elements of traditional and reverse mortgage products to meet the diverse needs of senior homeowners.
- Portfolio Management:
This segment undertakes several critical functions to support borrowers and investors, including:
- Product Development: Crafting new financial products tailored to the evolving needs of the market and its participants.
- Loan Securitization: The process of pooling various types of contractual debts such as mortgages and selling them as bonds to investors.
- Loan Sales: The sale of loans to other institutions or investors, allowing for liquidity and risk management.
- Risk Management: Identifying, assessing, and prioritizing risks followed by the application of resources to minimize, control, and monitor the impact of unfortunate events.
- Servicing Oversight: Monitoring and ensuring the quality and compliance of loan servicing activities.
- Asset Management: Managing investments on behalf of investors, including the optimization of the performance and value of a loan portfolio.
