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FIRST NATIONAL FINANCIAL CORPORATION For Immediate Release First National Financial Corporation Reports First Quarter Results , Increases Common Share Dividend Toronto , Ontario , April 27 , 2021 – First National Financial Corporation ( TSX : FN , TSX : FN.PR.A , TSX : FN.PR.B ) ( the " Company " or " FNFC " ) today announced its financial results for the three months ended March 31 , 2021. The Company derives virtually all of its earnings from its wholly owned subsidiary , First National Financial LP ( " FNFLP " or " First National " ) , Canada's largest non - bank mortgage originator and underwriter . First Quarter Summary • • • • Mortgages under administration ( " MUA " ) increased 5 % to a record $ 119.6 billion compared to $ 113.5 billion at March 31 , 2020 Revenue increased 23 % to $ 336.5 million from $ 274.6 million a year ago Net income increased to $ 52.6 million ( $ 0.87 per share ) from a loss of $ 2.3 million ( loss of $ 0.05 per common share ) a year ago Pre - FMV Income ( 1 ) increased 21 % to $ 64.1 million from $ 52.9 million a year ago Common Share Dividend Increase Today , the Board of Directors also announced an increase in the Company's regular monthly dividend . Effective with the payment on June 15 , 2021 , to shareholders of record on May 31 , 2021 , the common share dividend will increase to $ 2.35 per share on an annualized basis from its current annualized rate of $ 2.10 per share . Management Commentary " First National's first quarter results were ahead of our expectations reflecting market demand , our market share in the mortgage broker channel and excellent follow - through by our team in delivering responsive , technology - enabled service , " said Stephen Smith , Chairman and Chief Executive Officer . " Earnings improved as a result of growth in originations and higher mortgage spreads and , coupled with our positive outlook , provided support for the Board's decision to increase the dividend for the 15th straight year since our 2006 IPO . We are very pleased with First National's performance and proud of the hard work and commitment of our employees who continue to do great work for borrowers and mortgage brokers while working from home . " Total new mortgage origination increased 16 % to $ 6.2 billion due to growth in new single family mortgage origination .