Finance of America Q3 net income $204M; adjusted EPS $0.67; exchange offer 98% participation

Finance of America Companies Inc.

2024-Q3 EPS reported $6.47 revenue$443,794,000

Net income from continuing ops $204M ($8.48 basic EPS); adjusted net income $15M ($0.67 adjusted EPS).
Adjusted EBITDA $32M; fifth consecutive quarter of improved adjusted net performance.
Book equity $456M (~$20 per fully diluted share) as of Sept 30, 2024.
Completed reverse stock split on July 25, 2024, regaining NYSE compliance.
Closed exchange offer on Oct 31, 2024 with ~98% participation from senior unsecured note holders.

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