Q1 2019 First National Financial Corp Earnings Call Transcript

May 01, 2019 / 02:00PM GMT
Operator

Good day, and welcome to the First National Financial Q1 2019 Analyst Conference. As a reminder, this call is being recorded on May 1, 2019, for replay purposes.

At this time, I would like to turn the conference over to Stephen Smith, Chairman and Chief Executive Officer. Please go ahead, Mr. Smith.

Stephen J. R. Smith - First National Financial Corporation - Co-Founder, Chairman, President & CEO

Thank you, operator. Good morning, everyone. Welcome to our call, and thank you for participating. I'm joined by Rob Inglis, our Chief Financial Officer; and Moray Tawse, Executive Vice President. I will 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 risks and uncertainties and should be considered in conjunction with the risk factors detailed in our MD&A.

First National remained profitable in the first quarter and increased mortgages under administration to a new record. However, tighter mortgage spreads and volatile

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