MCAN Financial reports profit surge
For the first half of 2026, net income reached $47.0 million, up 28% year over year.
“We continued to grow our business to deliver improving returns to our shareholders while navigating uncertainty in the current geopolitical and economic environment,” said Derek Sutherland, CEO of MCAN.
“We benefited from residential mortgage renewals which enhance our returns and continued to grow our securitization programs to diversify our funding and optimize our capital.”
Portfolio growth drives earnings
Total assets under management reached $8.5 billion, a 28% jump from Q2 2025 and 10% above the start of the year.
Residential mortgage assets grew to $4.7 billion year to date, with uninsured originations rising 22% and insured originations up 18% compared to the first half of 2025.
