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Stock market symbolTSX: MKP
TORONTO, Nov. 19, 2024 /CNW/ - MCAN Mortgage Corporation ("MCAN" or the "Company") announces the departure of Mr. Donald Coulter as President, CEO and director of MCAN. The Board of Directors (the "Board") would like to express its gratitude to Mr. Coulter for his contribution to MCAN.
The Board is pleased to announce that Mr. Derek Sutherland has been appointed Interim CEO of MCAN until such time as a permanent successor is appointed. Mr. Sutherland is the current Chair of MCAN, has been a director of MCAN since 2017, and has held various positions with MCAN throughout the years including as its Interim CEO in 2023. Ms. Gaelen Morphet has been appointed Lead Director to ensure independent governance at the Board during Mr. Sutherland's tenure as Interim CEO.
Return on average shareholders' equity1 reaches 18.16% for the quarter
TORONTO, Nov. 11, 2024 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) reported net income of $26.9 million ($0.70 earnings per share) for the third quarter of 2024, an increase from net income of $18.5 million ($0.53 earnings per share) in the third quarter of 2023.
TORONTO, Sept. 9, 2024 /CNW/ - MCAN Mortgage Corporation (d/b/a MCAN Financial Group) ("MCAN") announced today that after a comprehensive search, Santokh Birk will assume the Senior Vice President and Chief Financial Officer role on October 1, 2024. He will support Don Coulter, President & CEO of MCAN and join the executive leadership team.
Santokh brings over 30 years of progressive leadership experience covering key areas in Finance, Risk Management and Corporate Strategy with extensive international experience. He joins MCAN from Home Trust Company, where he most recently was the Senior Vice President, Finance & Chief Accounting Officer. He was instrumental in leading a number of initiatives to improve the financial performance of the company, in addition to modernizing the finance function. Prior to this, Santokh held a number of senior roles with HSBC in Canada, the Middle East and the U.S. over a 28-year career.
Total assets grows to record $5 billion
TORONTO, Aug. 12, 2024 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) reported net income of $19.7 million ($0.52 earnings per share) for the second quarter of 2024, an increase from net income of $15.9 million ($0.46 earnings per share) in the second quarter of 2023.
Second quarter 2024 return on average shareholders' equity1 was 13.63% compared to 12.47% for the same period in the prior year.
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