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:
以下是美国金融公司公司（FOA）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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.
美国金融公布的GAAP净收益为1.71亿美元，合每股基本股收益0.72美元，调整后的净亏损为2,000万美元，摊薄后每股亏损0.09美元，比第三季度增长20％。
该公司在第四季度发放了4.36亿美元的贷款，比第三季度下降了7％，全年下降了16亿美元。
第四季度收入利润率提高至9.2％，较上一季度增长18％。
运营费用比第三季度减少了700万美元，下降了7％，导致支出基础减少了近10％。
年终现金余额为4600万美元，低于9月份的6600万美元。
Business Progress:
业务进展：
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.
作为其战略计划的一部分，美国金融推出了新的贷款发放平台和第二留置权房屋净值贷款产品。
该公司报告称，在反向抵押贷款市场占有近40％的市场份额，非机构交易量也有所增长，与第三季度相比，第四季度的专有产量增加了50％。
FOA已将投资引向以客户为中心的体验和数字技术，旨在提高反向抵押贷款的采用率。
尽管贷款量减少，但由于2023年的战略交易，该公司在HECM反向市场和非机构市场中都保留了很大份额。
美国金融计划通过扩大其产品范围和使用人工智能增强客户体验，成为现代退休解决方案的领先提供商。该公司预计将在2024年第二季度末恢复盈利。
More details: Finance of America IR
更多详情： 美国金融 IR
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译文内容由第三方软件翻译。