Finance of America reports Q4 net income $171M from continuing ops; adjusted net loss improves 20% QoQ

Finance of America Companies Inc.

Net income from continuing ops Q4 2023: $171M ($0.72 basic EPS).
Adjusted net loss Q4: $20M ($0.09 per share), 20% improvement vs prior quarter.
Retirement Solutions adjusted net loss improved 67% QoQ on higher revenue margin and lower expenses.
Full year 2023: subsidiary Finance of America Reverse held 37% share of HECM Reverse market.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Finance of America Companies Inc. reported fourth quarter ended December 31, 2023 results: net income $171 million, EPS $0.72 basic earnings per share.

Period: fourth quarter ended December 31, 2023
Net income: $171 million
EPS: $0.72 basic earnings per share
Result: reported results

Exact text from the filing

Net income from continuing operations for the fourth quarter of $171 million or $0.72 basic earnings per share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Finance of America Companies Inc. reported financial results for full year ended December 31, 2023.

Period: full year ended December 31, 2023
Result: reported results

Exact text from the filing

For the full year, our subsidiary, Finance of America Reverse maintained 37% share of the HECM Reverse market.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001828937-24-000013

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