| Business Summary | | FirstCity
Financial
Corp.
is
a
financial
services
company
with
offices
throughout
the
United
States
and
Mexico
and
a
presence
in
France.
The
Company
began
operating
in
1986
as
a
specialty
financial
services
company
focused
on
acquiring
and
resolving
distressed
loans
and
other
assets
purchased
at
a
discount
relative
to
the
aggregate
unpaid
principal
balance
of
the
loans
or
the
appraised
value
of
the
other
assets.
Today,
the
Company
is
engaged
in
two
principal
businesses:
portfolio
asset
acquisition
and
resolution;
and
consumer
lending. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FirstCity
Financial
Corp.
is
a
diversified
financial
services
company
engaged
in
Portfolio
Asset
acquisition
and
resolution
and
consumer
lending.
For
the
six
months
ended
6/30/01,
total
revenues
fell
11%
to
$24.9
million.
Net
income
applicable
to
Common
from
continuing
operations
before
acct.
change
totaled
$4.5
million
vs.
a
loss
of
$15.4
million.
Results
reflect
lower
interest
income
on
loans
receivable,
offset
by
offset
by
lower
salaries
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| James Hawkins, 64 Chairman | $321K | James Sartain, 51 Pres,
CEO, Director | 317K | C. Ivan Wilson, 72 Vice
Chairman | -- | J. Bryan Baker CFO | -- | Thomas Brower, 41 Pres
of FirstCity Funding Corp. | 377K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|