TORONTO, May 21, 2026 /CNW/ - First National Financial Corporation (the "Company" or "FNFC") today announced its financial results for the three months ended March 31, 2026.

First Quarter 2026 Financial results

In the first quarter of 2026, the Company earned net income of $2.8 million. The quarter's results were impacted by expenses related to the "go-private" transaction (the "transaction") which closed on October 22, 2025. These expenses included the amortization of fair value adjustments related to tangible assets, the amortization of intangible assets and advisory, legal and other costs associated with the transaction. A consequence of the transaction was to adjust some net tangible assets to fair value as well as to establish new intangible assets, both of which resulted because the purchase ...