Finance Of America Companies Inc. · NYSE:FOA
Finance Of America Companies — Q1 2026 Earnings Presentation
15 slides from Finance Of America Companies's earnings presentation, May 5, 2026
Slide 1: Q1 2026 Earnings Presentation
AMERICA’S LEADING REVERSE MORTGAGE PLATFORM Q1 2026 Earnings Presentation UPDATED MAY 5, 2026
Slide 2: Disclaimer
Disclaimer 2 Forward-Looking Statements Non-GAAP Financial Measures This presentation includes forward-looking statements within the meaning of the “safe harbor” provisions of The Company’s management evaluates performance of the Company through the use of certain financial the United States of Amer
Slide 3: Today's Speakers
Today’s Speakers 3 Graham Fleming Kristen Sieffert Matt Engel • Chief Executive Officer • President since 2023 • Chief Financial Officer since 2023 _ since 2023 • 12+ years with FOA • 14+ years with FOA • 2+ years with FOA • 25+ years in mortgage • 20+ years in reverse • 35+ years in financial lendi
Slide 4: Investment Highlights
4 • #1 reverse mortgage platform with ~30% market share1 • Proprietary products expanding market and accelerating adoption Investment • $14.6T home equity opportunity driven by aging demographics2 Highlights • Operational inflection driving revenue and earnings growth • Deleveraging strategy buildin
Slide 5: First Quarter 2026 Highlights
5 First Quarter 2026 Highlights FINANCIAL RETIREMENT PORTFOLIO CAPITAL & LIQUIDITY SOLUTIONS MANAGEMENT • GAAP Net Income: • Funded volume: • Completed $1.7B of • Completed the remaining $35M ($1.93/share) $596M (+6% YoY) securitizations which repurchase of benefitted from favorable Blackstone’s equ
Slide 6: FOA Positioned to Benefit from Shift Toward Proprietary Products
6 FOA Positioned to Benefit from Shift Toward Proprietary Products Reverse Mortgage Industry HECM Funded Volume1 ($bn) Industry Context • HECM volumes are cyclical Proprietary data not consistently available for • 2020-2022 interest rate environment led 11.3 10.1 Reverse Mortgage Industry to elevate
Slide 7: $14.6 Trillion Opportunity in Senior Home Equity
7 $14.6 Trillion Opportunity in Senior Home Equity Use Cases • Reduce monthly housing costs $14.6 Trillion • Access liquidity without selling home Home equity held by seniors1 • Fund retirement, healthcare, home improvements and legacy planning Market Tailwinds • Seniors growing twice as fast as ove
Slide 8: Operational Inflection Creating Earnings Breakthrough
8 Operational Inflection Creating Earnings Breakthrough 20% increase YoY Submission Volume ($ millions) 918 887 882 858 768 • Submission volumes accelerated to $918M in Q1’26, reflecting improved funnel conversion and increased throughput • This step-up supports a higher run- Q1 2025 Q2 2025 Q3 2025
Slide 9: Top of Funnel Momentum for Retail Channel
9 Top of Funnel Momentum for Retail Channel Total Inquiries Total Opportunities Submissions per LO +84% +58% +47% INCREASE INCREASE INCREASE 36,815 4,183 8.8 2,645 6.0 20,017 2025 Avg Mar-26 2025 Avg Mar-26 2025 Avg Mar-26 RECORD SUBMISSIONS DRIVEN BY STRONG TOP OF FUNNEL PERFORMANCE
Slide 10: Leading Reverse Mortgage Platform
10 Leading Reverse Mortgage Platform Better data Improved efficiency & operating leverage Stronger partners and customer relationships Smarter decisions Superior growth and profitability
Slide 11: Financial Summary
11 Financial Summary % Change ($ Millions) 1 Q1 2026 Q4 2025 Q1 2025 QoQ YoY ADJUSTED NET INCOME Retirement Solutions 14 18 9 -22% 56% Portfolio Management 28 11 20 155% 40% Corporate & Other (17) (15) (17) -13% - ADJUSTED NET INCOME2 26 14 13 86% 100% ADJUSTED EARNINGS PER SHARE $1.10 $0.69 $0.52 5
Slide 12: Strong Liquidity and Capital Position
12 Strong Liquidity and Capital Position IMPROVING LIQUIDITY 1 ($M) STRENGTHENING CAPITAL 2 ($) 14.82 108 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 FAR (regulated subsidiary) had $34 million surplus FAR (regulated subsidiary) had ~$370 million su
Slide 13: 2026 Full Year Outlook
13 2026 Full Year Outlook • Continued momentum in Retirement Solutions • Portfolio Management expected to contribute stable yield on growing portfolio • Internal capital generation supports deleveraging strategy Prior Guidance Current Guidance (as of March 10, 2026) Origination Volumes ($ bn) $2.8 -
Slide 14: Let's Unlock America's Greatest Retirement Asset
Let’s Unlock America’s Greatest Retirement Asset For more information, visit us online: IR.FinanceOfAmericaCompanies.com Or email us at: IR@FinanceOfAmerica.com
Slide 15: Non-GAAP Reconciliation
15 Non-GAAP Reconciliation ($ Millions) 1 Q1 2026 Q4 2025 Q1 2025 Adjusted Net Income Reconciliation Pre-tax income (loss) 36 (22) 82 Changes in fair value2 (15) 29 (76) Amortization of intangible assets 9 9 9 Share-based compensation3 3 3 2 Certain non-recurring costs4 1 1 - ADJUSTED NET INCOME BEF
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