First National Financial (TSX:FN) Deferred Tax : C$9.0 Mil (TTM As of Dec. 2023)

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What is First National Financial Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

First National Financial's change in deferred tax for the three months ended in Dec. 2023 was C$-5.1 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Dec. 2023 was C$9.0 Mil.

First National Financial Deferred Tax Historical Data

The historical data trend for First National Financial's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First National Financial Deferred Tax Chart

First National Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Deferred Tax

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3.60

-4.40

11.61

36.85

9.00

First National Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Deferred Tax	Get a 7-Day Free Trial															-0.20	-5.60	11.30	8.40	-5.10

First National Financial Deferred Tax Calculation

Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$9.0 Mil.

First National Financial Deferred Tax Related Terms

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First National Financial (TSX:FN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Financial Corp (TSX:FN) » Definitions » Deferred Tax

Comparable Companies

Traded in Other Exchanges

FNLIF:USA 63Z:Germany FN.PR.B.PFD:Canada FN.PR.A.PFD:Canada

Address

16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6

Website

https://www.firstnational.ca

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through securitization conduits, in each case with retained servicing. In general, originations are allocated from one funding source to another depending on market conditions and strategic considerations related to maintaining diversified funding sources.