Finance of America (FOA) Misses Q1 EPS by 3c

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Go back to Finance of America (FOA) Misses Q1 EPS by 3c

Finance of America Reports First Quarter 2022 Results

May 9, 2022 4:05 PM EDT

Net Loss for the quarter of $(64) million or $(0.14) per basic share and $(0.30) per fully diluted share due to negative fair value marks, after model assumptions were updated to account for wider spreads

Adjusted net income* for the quarter of $37 million or $0.20 per fully diluted share

PLANO, Texas--(BUSINESS WIRE)-- Finance of America Companies Inc. (Finance of America or the Company) (NYSE: FOA), a high growth, consumer and specialty lending business, reported financial results for the quarter ended March 31, 2022.

First Quarter 2022... More