Finance of America Cos. Shares Fall After Swinging to 4Q Loss

Dow Jones03-11

By Connor Hart

Shares of Finance of America Companies fell after the firm swung to a loss in the fourth quarter, hurt by higher income expenses.

The stock tumbled 21%, to $16.80, in after-hours trading Tuesday. Shares have nearly tripled in the past 52 weeks, despite having lost a quarter of their value so far in 2025.

The Plano, Texas, company, which provides mortgage loans and other financing solutions, after the bell posted a loss of $142.6 million, or $5.95 a share, compared with net income of $164.7 million, or $5.35 a share, a year earlier.

Adjusted earnings came in at 21 cents a share.

Net portfolio interest income rose to $69.2 million from $68.7 million. Higher income expenses, though, resulted in total revenues of negative $105.6 million for the recent quarter, compared with positive $275.7 million a year earlier.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 11, 2025 17:29 ET (21:29 GMT)

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