Q2 2024 First National Financial Corp Earnings Call Transcript

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Jul 31, 2024

Jul 31, 2024 / 02:00PM GMT
Operator

Good morning, and welcome to First National's second-quarter analyst conference call. This call is being recorded on Wednesday, July 31, 2024. (Operator Instructions)

Now it's my pleasure to turn the call over to Jason Ellis, President and Chief Executive Officer of First National. Please go ahead, sir.

Jason Ellis - First National Financial Corp - President, Chief Executive Officer, Director

Thank you, good morning and welcome to our call and thank you for participating. Rob Inglis, our Chief Financial Officer, joins me and will provide his commentary shortly. I remind you that our remarks and answers may contain forward-looking information about future events or the company's future performance. This information is subject to risk and uncertainties and should be considered in conjunction with the risk factors detailed in our management's discussion and analysis.

Second quarter results were consistent with our expectations. Pre-fair market value income of $77.5 million was 14% below last year, reflecting lower residential originations and our

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