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Finance of America Reports Fourth Quarter and Full Year 2024 Results

1. FOA reported $40M net income, $1.78 EPS for 2024. 2. Adjusted net income was $14M, $0.60 adjusted EPS.

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+0.51%S&P 500
$21.203/11 04:16 PM EDTEvent Start
$21.7503/12 10:51 PM EDTLatest Updated
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FAQ

Why Bullish?

The reported earnings indicate strong profitability, similar to historical performance post-earnings report spikes.

How important is it?

Positive earnings signals strong business performance, likely to attract investor interest and drive price.

Why Short Term?

Market typically reacts quickly to earnings reports, affecting price in the upcoming weeks.

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PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter and year ended December 31, 2024. Full Year 2024 Highlights(1) Net income from continuing operations of $40 million or $1.78 basic earnings per share for the year. Adjusted net income(2) of $14 million or $0.60 adjusted earnings per share for the year.

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