First National Financial Corporation

TSX:FN Stock Report

Market Cap: CA$2.3b

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 4.42 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$76.25K. The average tenure of the management team and the board of directors is 7.8 years and 11.1 years respectively.

Key information

Jason Ellis

Chief executive officer

CA$1.9m

Total compensation

CEO salary percentage59.3%
CEO tenure4.4yrs
CEO ownership0.003%
Management average tenure7.8yrs
Board average tenure11.1yrs

Recent management updates

Recent updates

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

Apr 25
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

Mar 22
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

First National Financial's (TSE:FN) Dividend Will Be CA$0.2042

Jan 20
First National Financial's (TSE:FN) Dividend Will Be CA$0.2042

First National Financial's (TSE:FN) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 23
First National Financial's (TSE:FN) Shareholders Will Receive A Bigger Dividend Than Last Year

First National Financial (TSE:FN) Is Increasing Its Dividend To CA$0.75

Nov 09
First National Financial (TSE:FN) Is Increasing Its Dividend To CA$0.75

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

Oct 20
First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

Sep 26
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

Aug 26
First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

First National Financial's (TSE:FN) Dividend Will Be CA$0.20

Jul 20
First National Financial's (TSE:FN) Dividend Will Be CA$0.20

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

Jun 23
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Apr 21
First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Industry Analysts Just Upgraded Their First National Financial Corporation (TSE:FN) Revenue Forecasts By 36%

Mar 03
Industry Analysts Just Upgraded Their First National Financial Corporation (TSE:FN) Revenue Forecasts By 36%

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Feb 19
First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Jan 20
First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

First National Financial's (TSE:FN) Dividend Will Be CA$0.20

Dec 19
First National Financial's (TSE:FN) Dividend Will Be CA$0.20

Some Analysts Just Cut Their First National Financial Corporation (TSE:FN) Estimates

Oct 30
Some Analysts Just Cut Their First National Financial Corporation (TSE:FN) Estimates

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Oct 26
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Sep 20
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.1958

Aug 21
First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.1958

CEO Compensation Analysis

How has Jason Ellis's remuneration changed compared to First National Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
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 ($USD1.36M) is below average for companies of similar size in the Canadian market ($USD2.25M).

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


CEO

Jason Ellis (52 yo)

4.4yrs

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
Jason Ellis
CEO, President & Director4.4yrsCA$1.86m0.0033%
CA$ 76.3k
Robert Inglis
Chief Financial Officer15.3yrsCA$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
Stephen J. Smith
Co-Founder & Executive Chairman18yrsCA$763.79k37.37%
CA$ 853.1m
Moray Tawse
Co-Founderno dataCA$763.96k0.95%
CA$ 21.7m
Hilda Wong
Executive VP & General Counsel11.3yrsno datano data
Wendy Burkin
Vice President of Human Resourcesno datano datano data
Thomas Kim
Executive VP & MD of Capital Markets2.3yrsno datano data
Ernie Stapleton
President of Fundamentalno datano datano data

7.8yrs

Average Tenure

66yo

Average Age

Experienced Management: FN's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jason Ellis
CEO, President & Director2.3yrsCA$1.86m0.0033%
CA$ 76.3k
Stephen J. Smith
Co-Founder & Executive Chairman18yrsCA$763.79k37.37%
CA$ 853.1m
Moray Tawse
Co-Founder18yrsCA$763.96k0.95%
CA$ 21.7m
Robert Pearce
Independent Director6.8yrsCA$82.50k0.013%
CA$ 285.6k
Robert Mitchell
Lead Independent Director17.8yrsCA$110.00k0.011%
CA$ 252.7k
Duncan Newton Jackman
Independent Director17.8yrsCA$80.00k0.018%
CA$ 418.7k
Barbara Palk
Independent Director11.1yrsCA$90.00k0.0050%
CA$ 114.1k
Martine Irman
Independent Director1.5yrsCA$80.00kno data
Diane Sinhuber
Independent Director1.5yrsCA$80.00k0.0033%
CA$ 76.3k

11.1yrs

Average Tenure

66yo

Average Age

Experienced Board: FN's board of directors are seasoned and experienced ( 11.1 years average tenure).


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