Northwire Canada EditionSaturday, October 17, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Earnings Routine +

Builders Capital Mortgage Corp. Releases Annual Financial Statements; Reports Strong Results for 2025: Record Gross Annual Revenue of $7.6 Million

Builders Capital Mortgage Posts Record Revenue Amidst Geographic Shift; Yield Remains Key Support

By The Northwire Desk — AI Analysis Apr 29, 2026 · 17:44 BCF · 9.5 Builders Capital Mortgage Corp.
Executive Summary
  • Builders Capital Mortgage Corp. released annual financial statements for 2025 on April 29, 2026.
  • Reported record gross annual revenue of $7.6 million, a 46.5% increase over 2024 ($5.18 million).
  • Total comprehensive earnings rose to $3.78 million in 2025 from $3.28 million in 2024.
  • Earnings per share (EPS) increased to $1.20 compared to $1.04 in the prior year.
  • Mortgage portfolio grew by 13.1% year-over-year to $50.02 million, supported by bond offerings and acquisitions.
  • Geographic exposure shifted significantly toward Alberta, now accounting for 81% of loans (up from 68% in 2024).
  • Paid dividends of $0.80 per share to Class A public shareholders in 2025, representing an 8% annual return on the original $10.00 issue price.
  • Net mortgages receivable stood at $48.4 million at year-end 2025.
Material Impact
  • The revenue growth of 46.5% confirms the trajectory established in Q3 2025 (which reported +47% YoY), indicating consistent execution rather than a one-off surprise.
  • Dividend sustainability is supported by earnings growth, maintaining an attractive yield (~8.5% based on recent price) which is critical for MIC valuation.
  • The shift to Alberta concentration increases regional risk but aligns with management's stated strategy to mitigate British Columbia uncertainty.
  • No new strategic investors or M&A activity was disclosed; the financing tranches were previously announced in April 2024 and executed through late 2025/early 2026.
  • The news validates previous bond closing announcements (Tranche 3 closed Jan 13, 2026), confirming capital deployment plans are on track.
  • While positive, the information is largely consistent with prior quarterly updates and financing timelines, limiting immediate price shock potential.
BCF · Price
Company Overview
  • Company Description: Builders Capital Mortgage Corp. is a Mortgage Investment Corporation (MIC) operating since December 2013.
  • Flagship Project/Activity: Short-term residential construction financing for wood-frame projects in Western Canada, specifically Alberta and British Columbia.
  • Business Model: Lending secured by real estate with pari-passu participating bonds that share returns and risk with equity shareholders (no additional leverage exposure).
  • Management: Sandy Loutitt serves as President/CEO.
Read the original news release →

More from Builders Capital Mortgage Corp.

Jan 13, 2026 · 17:29

Builders Capital Mortgage Corp Announces Third Closing of Bond Offering

Financings Dec 18, 2025 · 17:28

Builders Capital Mortgage Corp Provides Update on Anticipated Third Closing of Bond Offering

Financings Dec 08, 2025 · 18:22

Builders Capital Mortgage Corp. Announces Anticipated Third Closing of Bond Offering

Financings Nov 28, 2025 · 18:32

Builders Capital Mortgage Corp. Reports Third Quarter 2025 Results

Earnings