First National Financial Corporation

TSX:FN.PRA Stock Report

Market Cap: CA$2.4b

First National Financial Management

Management criteria checks 3/4

First National Financial's CEO is Jason Ellis, appointed in Nov 2019, has a tenure of 5.08 years. total yearly compensation is CA$1.86M, comprised of 59.3% salary and 40.7% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth CA$81.06K. The average tenure of the management team and the board of directors is 8.5 years and 11.8 years respectively.

Key information

Jason Ellis

Chief executive officer

CA$1.9m

Total compensation

CEO salary percentage59.3%
CEO tenure5.1yrs
CEO ownership0.003%
Management average tenure8.5yrs
Board average tenure11.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jason Ellis's remuneration changed compared to First National Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$181m

Jun 30 2024n/an/a

CA$228m

Mar 31 2024n/an/a

CA$263m

Dec 31 2023CA$2mCA$1m

CA$249m

Sep 30 2023n/an/a

CA$247m

Jun 30 2023n/an/a

CA$204m

Mar 31 2023n/an/a

CA$177m

Dec 31 2022CA$1mCA$1m

CA$195m

Sep 30 2022n/an/a

CA$194m

Jun 30 2022n/an/a

CA$202m

Mar 31 2022n/an/a

CA$193m

Dec 31 2021CA$1mCA$900k

CA$192m

Sep 30 2021n/an/a

CA$219m

Jun 30 2021n/an/a

CA$244m

Mar 31 2021n/an/a

CA$242m

Dec 31 2020CA$1mCA$700k

CA$187m

Sep 30 2020n/an/a

CA$167m

Jun 30 2020n/an/a

CA$155m

Mar 31 2020n/an/a

CA$148m

Dec 31 2019CA$885kCA$575k

CA$174m

Sep 30 2019n/an/a

CA$157m

Jun 30 2019n/an/a

CA$149m

Mar 31 2019n/an/a

CA$151m

Dec 31 2018CA$834kCA$408k

CA$163m

Sep 30 2018n/an/a

CA$177m

Jun 30 2018n/an/a

CA$184m

Mar 31 2018n/an/a

CA$206m

Dec 31 2017CA$669kCA$358k

CA$205m

Compensation vs Market: Jason's total compensation ($USD1.29M) is below average for companies of similar size in the Canadian market ($USD2.10M).

Compensation vs Earnings: Jason's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jason Ellis (53 yo)

5.1yrs

Tenure

CA$1,856,434

Compensation

Mr. Jason Ellis has been Chief Executive Officer and Director at First National Financial Corporation since January 12, 2022 and serves as its President since November 11, 2019. Mr. Ellis joined First Nati...

Leadership Team

NamePositionTenureCompensationOwnership
Stephen J. Smith
Co-Founder & Executive Chairman18.7yrsCA$763.68k37.37%
CA$ 906.9m
Jason Ellis
CEO, President & Director5.1yrsCA$1.86m0.0033%
CA$ 81.1k
Moray Tawse
Co-Founderno dataCA$763.93k0.95%
CA$ 23.1m
Robert Inglis
Chief Financial Officer16yrsCA$897.25kno data
Jeremy Wedgbury
Executive Vice President of Commercial Mortgagesno dataCA$1.12mno data
Scott McKenzie
Executive Vice President of Residential Mortgagesno dataCA$954.35kno data
Hilda Wong
Executive VP & General Counsel11.9yrsno datano data
Wendy Burkin
Vice President of Human Resourcesno datano datano data
Thomas Kim
Executive VP & MD of Capital Markets2.9yrsno datano data
Ernie Stapleton
President of Fundamental Creative Inc.no datano datano data

8.5yrs

Average Tenure

67yo

Average Age

Experienced Management: FN.PRA's management team is seasoned and experienced (8.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Stephen J. Smith
Co-Founder & Executive Chairman18.7yrsCA$763.68k37.37%
CA$ 906.9m
Jason Ellis
CEO, President & Director2.9yrsCA$1.86m0.0033%
CA$ 81.1k
Moray Tawse
Co-Founder18.7yrsCA$763.93k0.95%
CA$ 23.1m
Robert Pearce
Independent Director7.4yrsCA$80.00k0.013%
CA$ 303.6k
Robert Mitchell
Lead Independent Director18.5yrsCA$110.00k0.011%
CA$ 268.7k
Duncan Newton Jackman
Independent Director18.5yrsCA$80.00k0.018%
CA$ 445.1k
Barbara Palk
Independent Director11.8yrsCA$90.00k0.0050%
CA$ 121.3k
Martine Irman
Independent Director2.2yrsCA$80.00k0.017%
CA$ 404.8k
Diane Sinhuber
Independent Director2.2yrsCA$80.00k0.0033%
CA$ 81.1k

11.8yrs

Average Tenure

67yo

Average Age

Experienced Board: FN.PRA's board of directors are seasoned and experienced ( 11.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 19:46
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First National Financial Corporation is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Etienne RicardBMO Capital Markets Equity Research
Nikolaus PriebeCIBC Capital Markets
Marc CharbinJennings Capital Inc.