05:23 PM EST, 03/04/2025 (MT Newswires) -- First National Financial ( FNLIF ) after trade Tuesday said its fourth-quarter profit and revenue rose year-over-year.

The financial services firm earned $63 million, or $1.04 per share, in the period, compared with $44.2 million, or $0.72, a year ago.

Revenue rose 19% to $600.1 million from $503.4 million in the year-ago quarter.

In the short term, the company expects increased single-family mortgage origination in the next two quarters due to higher commitment levels compared to late 2023, First National Financial ( FNLIF ) said, adding that the management is concerned that the U.S. tariffs could negatively affect Canada and the company, especially if employment is impacted.

Looking ahead, the company plans to generate income and cash flow from its $44 billion portfolio of mortgages under securitization and its $106 billion servicing portfolio, while focusing on the value of its significant single-family renewal book, it said.

First National shares closed down $0.67 to $39.87 on the Toronto Stock Exchange.