Firm Capital Mortgage Investment Corporation Announces Q4 2025 Results And Declares Monthly Cash Dividends For April, May And June 2026

Core Viewpoint - Firm Capital Mortgage Investment Corporation reported mixed financial results for the year ended December 31, 2025, with a decrease in net income for the fourth quarter but an overall increase for the year, alongside a reduction in the investment portfolio size and changes in dividend distribution [2][9]. Financial Performance - For Q4 2025, net income decreased by 4.7% to $8,735,874 compared to $9,164,362 in Q4 2024 [2] - For the full year 2025, net income increased by 6.4% to $37,471,563 from $35,228,450 in 2024 [2] - Basic weighted average earnings per share for Q4 2025 was $0.238, down from $0.249 in Q4 2024 [3] - Basic weighted average earnings per share for the year 2025 was $1.020, compared to $0.996 in 2024 [3] Investment Portfolio - The investment portfolio decreased by 6.5% to $610.9 million as of December 31, 2025, from $653.8 million a year earlier [4] - New investment funding for 2025 was $278.0 million, down from $329.0 million in 2024, while repayments increased to $320.7 million from $265.3 million [4] - The portfolio consisted of 242 investments, down from 286 in 2024, with an average gross investment size of approximately $2.5 million [4][7] - Conventional first mortgages made up 95.2% of the total investment portfolio, an increase from 92.4% in 2024 [7] Allowance for Expected Credit Losses - The allowance for expected credit losses and fair value adjustments was $36.8 million as of December 31, 2025, up from $29.6 million in 2024 [5] - This included $29.1 million for estimated shortfalls between investment balances and recoverable amounts, and a collective allowance balance of $3.2 million [5] Dividend Distribution - The board declared a monthly cash dividend of $0.078 per common share, with total dividends declared for 2025 amounting to $37,471,563 or $1.020 per share, compared to $35,215,038 or $0.9920 per share in 2024 [6][9] - The number of common shares outstanding increased slightly to 36,738,425 as of December 31, 2025, from 36,734,405 in 2024 [9] Company Overview - Firm Capital Mortgage Investment Corporation focuses on mortgage investments through a non-bank lender, aiming to preserve shareholders' equity while providing stable monthly dividends [10]