Earnings Call Summary | Finance of America(FOA.US) Q4 2023 Earnings Conference
Earnings Call Summary | Finance of America(FOA.US) Q4 2023 Earnings Conference
The following is a summary of the Finance of America Companies Inc. (FOA) Q4 2023 Earnings Call Transcript:
以下是美國金融公司公司（FOA）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Finance of America reported a GAAP net income of $171 million or $0.72 per basic share and an adjusted net loss of $20 million or $0.09 per fully diluted share, a 20% improvement from the third quarter.
The company originated $436 million in loan volumes in Q4, a decrease of 7% from the third quarter, and $1.6 billion for the full year.
Fourth quarter revenue margins improved to 9.2%, increasing by 18% from the previous quarter.
Operating expenses decreased by $7 million or 7% from the third quarter, leading to a nearly 10% reduction in the expense base.
Year-end cash balance was $46 million, down from $66 million in September.
美國金融公佈的GAAP淨收益爲1.71億美元，合每股基本股收益0.72美元，調整後的淨虧損爲2,000萬美元，攤薄後每股虧損0.09美元，比第三季度增長20％。
該公司在第四季度發放了4.36億美元的貸款，比第三季度下降了7％，全年下降了16億美元。
第四季度收入利潤率提高至9.2％，較上一季度增長18％。
運營費用比第三季度減少了700萬美元，下降了7％，導致支出基礎減少了近10％。
年終現金餘額爲4600萬美元，低於9月份的6600萬美元。
Business Progress:
業務進展：
Finance of America launched a new loan origination platform and a second lien home equity loan product as part of their strategic plan.
The company reported a nearly 40% market share in the reverse mortgages market and saw growth in non-agency volume, with 50% more proprietary production in Q4 compared to Q3.
FOA has directed investments towards customer-centered experiences and digital technology aiming to increase adoption of reverse mortgages.
Despite a decrease in loan volumes, the company retains a significant share of both the HECM reverse market and non-agency market due to strategic transactions in 2023.
Finance of America plans on becoming a leading provider of modern retirement solutions by expanding their product offering and enhancing customer experience using AI. The company expects to return to profitability by end of Q2 2024.
作爲其戰略計劃的一部分，美國金融推出了新的貸款發放平台和第二留置權房屋淨值貸款產品。
該公司報告稱，在反向抵押貸款市場佔有近40％的市場份額，非機構交易量也有所增長，與第三季度相比，第四季度的專有產量增加了50％。
FOA已將投資引向以客戶爲中心的體驗和數字技術，旨在提高反向抵押貸款的採用率。
儘管貸款量減少，但由於2023年的戰略交易，該公司在HECM反向市場和非機構市場中都保留了很大份額。
美國金融計劃通過擴大其產品範圍和使用人工智能增強客戶體驗，成爲現代退休解決方案的領先提供商。該公司預計將在2024年第二季度末恢復盈利。
More details: Finance of America IR
更多詳情： 美國金融 IR
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譯文內容由第三人軟體翻譯。