11:21 AM EDT, 05/06/2026 (MT Newswires) -- National Bank on Wednesday trimmed its price target on the shares of Timbercreek Financial (TF.TO) by $1.00 to $7.00 after the company reported a "mixed"first quarter.

Timbercreek reported an earnings miss of $0.13, compared with National Bank's $0.16, notes analyst Jaeme Gloyn, who is maintaining a sector-perform rating on the company. Gloyn noted that Timbercreek is working through a "significant"impaired loan portfolio (driving consistently higher credit losses as loans resolve) and a lower interest rate environment (driving a net interest income miss).

Still, Timbercreek delivered another quarter of strong originations, highlighting a robust pipeline, and stable distributable income that exceeded the common dividend, he added.

Price: 6.63, Change: -0.02, Percent Change: -0.30