Siebert Reports Full Year 2024 Financial Results
Siebert Financial Corp. (NASDAQ: SIEB) reported strong financial results for 2024, with revenue increasing 17% to $83.9 million from $71.5 million in 2023. The company achieved significant growth across key metrics, with commissions and fees up 32% to $9.6 million and stock borrow/stock loan revenue rising 19% to $19.2 million.
Net income per share grew 57% to $0.33, while retail customer net worth increased 13% to $18.0 billion. The company launched several strategic initiatives in 2024, including Siebert Investment Banking, Capital Markets Group, and Siebert.Valor for military service members. Notable appointments included Randy Billhardt as Head of Capital Markets and Four Star General Laura J. Richardson to the Advisory Board.
The company also acquired Gebbia Media and strengthened its Stock Plan Services leadership team. Despite revenue growth, operating income decreased slightly due to increased personnel costs related to new business lines and initiatives.
Siebert Financial Corp. (NASDAQ: SIEB) ha riportato risultati finanziari solidi per il 2024, con un aumento del fatturato del 17% a $83,9 milioni, rispetto ai $71,5 milioni del 2023. L'azienda ha ottenuto una crescita significativa in vari indicatori chiave, con commissioni e spese aumentate del 32% a $9,6 milioni e i ricavi da prestiti di azioni aumentati del 19% a $19,2 milioni.
Il reddito netto per azione è cresciuto del 57% a $0,33, mentre il patrimonio netto dei clienti al dettaglio è aumentato del 13% a $18,0 miliardi. L'azienda ha lanciato diverse iniziative strategiche nel 2024, tra cui Siebert Investment Banking, il Capital Markets Group e Siebert.Valor per i membri del servizio militare. Tra le nomine di rilievo figurano Randy Billhardt come Responsabile dei Mercati Capitali e il Generale a Quattro Stelle Laura J. Richardson nel Consiglio Consultivo.
L'azienda ha anche acquisito Gebbia Media e ha rafforzato il suo team di leadership dei Servizi per Piani Azionari. Nonostante la crescita dei ricavi, il reddito operativo è leggermente diminuito a causa dell'aumento dei costi del personale legati a nuove linee di business e iniziative.
Siebert Financial Corp. (NASDAQ: SIEB) informó resultados financieros sólidos para 2024, con un aumento del 17% en los ingresos, alcanzando $83.9 millones, en comparación con $71.5 millones en 2023. La compañía logró un crecimiento significativo en métricas clave, con comisiones y tarifas aumentando un 32% a $9.6 millones y los ingresos por préstamos de acciones aumentando un 19% a $19.2 millones.
El ingreso neto por acción creció un 57% a $0.33, mientras que el patrimonio neto de los clientes minoristas aumentó un 13% a $18.0 mil millones. La compañía lanzó varias iniciativas estratégicas en 2024, incluyendo Siebert Investment Banking, el Grupo de Mercados de Capital y Siebert.Valor para los miembros del servicio militar. Entre los nombramientos destacados se encuentran Randy Billhardt como Jefe de Mercados de Capital y el General de Cuatro Estrellas Laura J. Richardson en la Junta Asesora.
La compañía también adquirió Gebbia Media y fortaleció su equipo de liderazgo en Servicios de Planes de Acciones. A pesar del crecimiento de los ingresos, el ingreso operativo disminuyó ligeramente debido al aumento de los costos de personal relacionados con nuevas líneas de negocio e iniciativas.
Siebert Financial Corp. (NASDAQ: SIEB)는 2024년 강력한 재무 결과를 보고했으며, 수익이 2023년 7150만 달러에서 8390만 달러로 17% 증가했습니다. 회사는 주요 지표에서 상당한 성장을 달성했으며, 수수료 및 수익이 32% 증가하여 960만 달러에 달하고, 주식 대여/대출 수익이 19% 증가하여 1920만 달러에 도달했습니다.
주당 순이익은 57% 증가하여 $0.33에 이르렀고, 소매 고객의 순자산은 13% 증가하여 180억 달러에 도달했습니다. 회사는 2024년에 Siebert Investment Banking, 자본 시장 그룹 및 군 복무자를 위한 Siebert.Valor를 포함한 여러 전략적 이니셔티브를 시작했습니다. 주목할 만한 임명으로는 랜디 빌하르트가 자본 시장 책임자로, 로라 J. 리처드슨 4성 장군이 자문 위원회에 임명되었습니다.
회사는 또한 Gebbia Media를 인수하고 주식 계획 서비스의 리더십 팀을 강화했습니다. 수익 성장에도 불구하고 운영 소득은 새로운 사업 라인 및 이니셔티브와 관련된 인건비 증가로 인해 약간 감소했습니다.
Siebert Financial Corp. (NASDAQ: SIEB) a annoncé des résultats financiers solides pour 2024, avec un chiffre d'affaires en hausse de 17 % à 83,9 millions de dollars, contre 71,5 millions de dollars en 2023. L'entreprise a connu une croissance significative dans plusieurs indicateurs clés, avec des commissions et des frais en hausse de 32 % à 9,6 millions de dollars et des revenus de prêts d'actions augmentant de 19 % à 19,2 millions de dollars.
Le bénéfice net par action a augmenté de 57 % pour atteindre 0,33 dollar, tandis que la valeur nette des clients de détail a augmenté de 13 % pour atteindre 18,0 milliards de dollars. L'entreprise a lancé plusieurs initiatives stratégiques en 2024, y compris Siebert Investment Banking, le groupe des marchés de capitaux et Siebert.Valor pour les membres des services militaires. Parmi les nominations notables figuraient Randy Billhardt en tant que responsable des marchés de capitaux et le général quatre étoiles Laura J. Richardson au conseil consultatif.
L'entreprise a également acquis Gebbia Media et renforcé son équipe de direction des services de plan d'actions. Malgré la croissance des revenus, le résultat opérationnel a légèrement diminué en raison de l'augmentation des coûts de personnel liés à de nouvelles lignes d'activité et initiatives.
Siebert Financial Corp. (NASDAQ: SIEB) berichtete über starke finanzielle Ergebnisse für 2024, mit einem Umsatzanstieg von 17% auf 83,9 Millionen Dollar, verglichen mit 71,5 Millionen Dollar im Jahr 2023. Das Unternehmen erzielte signifikantes Wachstum in wichtigen Kennzahlen, wobei die Provisionen und Gebühren um 32% auf 9,6 Millionen Dollar stiegen und die Einnahmen aus Aktienleihen um 19% auf 19,2 Millionen Dollar zunahmen.
Der Nettogewinn pro Aktie wuchs um 57% auf 0,33 Dollar, während das Nettovermögen der Einzelhandelskunden um 13% auf 18,0 Milliarden Dollar anstieg. Das Unternehmen startete mehrere strategische Initiativen im Jahr 2024, darunter Siebert Investment Banking, die Capital Markets Group und Siebert.Valor für Militärangehörige. Zu den bemerkenswerten Ernennungen gehörten Randy Billhardt als Leiter der Capital Markets und Generalmajor Laura J. Richardson im Beratergremium.
Das Unternehmen erwarb außerdem Gebbia Media und stärkte sein Führungsteam im Bereich Aktienplanservices. Trotz des Umsatzwachstums sank das Betriebsergebnis leicht aufgrund gestiegener Personalkosten im Zusammenhang mit neuen Geschäftsfeldern und Initiativen.
- Revenue growth of 17% to $83.9 million
- Net income per share increased 57% to $0.33
- Commissions and fees up 32% to $9.6 million
- Stock borrow/stock loan revenue up 19% to $19.2 million
- Retail customer net worth grew 13% to $18.0 billion
- Operating income decreased due to higher personnel costs
- Increased expenses from new business initiatives impacting profitability
Insights
Siebert Financial's full-year 2024 results showcase impressive growth across multiple financial metrics. The 17% revenue increase to
The company exhibited balanced performance across segments, with commissions and fees jumping
Despite the revenue growth, operating income decreased slightly due to higher personnel costs associated with new business lines. This represents a strategic investment in future growth that temporarily impacts margins but positions the company for long-term expansion.
The simultaneous launch of multiple new business verticals - including investment banking, capital markets, and specialized services for military personnel - demonstrates a comprehensive diversification strategy beyond traditional brokerage. The acquisition of Gebbia Media marks an interesting pivot into the entertainment sector, potentially creating new revenue streams less correlated with financial market cycles.
Management's commentary suggests continued investment in growth initiatives throughout 2025, likely maintaining pressure on near-term operating margins while building infrastructure for sustained expansion. The strong financial foundation with growing revenue and substantial EPS improvement provides flexibility to fund these strategic initiatives from a position of strength.
Siebert's 2024 performance reflects a deliberate dual strategy of strengthening core financial services while simultaneously expanding into adjacent verticals. The financial results - particularly the
The company appears to be implementing a talent-led transformation strategy, evidenced by multiple high-profile appointments across new business lines. The recruitment of seasoned capital markets professionals Ajay Asija and Kimberly Boulmetis for the investment banking division and Randy Billhardt to lead capital markets suggests a focus on acquiring domain expertise rather than just technological capabilities.
The Siebert.Valor initiative represents a targeted demographic strategy, creating specialized financial services for military and first responder communities - an underserved niche with distinct financial needs and strong community identity. This approach creates potential for higher customer acquisition efficiency through community-based marketing.
Most intriguing is the expansion into media through the Gebbia Media acquisition, which appears to be part of a longer-term convergence play between financial services and entertainment. This move, while introducing execution complexity, establishes a potential platform for financial content creation, alternative distribution channels, and cross-selling opportunities to new audience segments.
The slight decrease in operating income despite revenue growth reveals the expected transition costs of this ambitious expansion. Management is clearly prioritizing capability building and market positioning over short-term margin optimization - a trade-off that makes strategic sense given the rapidly evolving financial services landscape where scale and diversification increasingly determine competitive advantage.
Full-Year 2024 Revenue Up
Full Year 2024 Financial and Operational Highlights
-
Revenue increased
17% to$83.9 million $71.5 million -
Commissions and fees increased
32% to$9.6 million $7.3 -
Stock borrow/stock loan increased by
19% to$19.2 million $16.2 million -
Net income per share increased
57% to$0.33 $0.21 -
Retail customer net worth increased
13% to$18.0 billion $15.9 billion
2024 Business Highlights
- Launched Siebert Investment Banking, led by seasoned capital markets professionals Ajay Asija and Kimberly Boulmetis, to serve middle-market clients and expand into high-growth sectors, including FinTech and digital assets.
- Appointed Randy Billhardt as Head of the newly launched Capital Markets Group to strengthen institutional market presence and drive retail growth.
- Strengthened Siebert Stock Plan Services by appointing Daniel Coyle and Hunter Sattich to the leadership team, enhancing its capacity to deliver tailored equity compensation solutions to underserved businesses.
- Launched Siebert.Valor, a fintech initiative led by former Navy Seal Kaj Larsen focused on empowering military service members, veterans, law enforcement, and first responders with customized financial education and investment services.
- Acquired Gebbia Media, a music and entertainment company, marking a strategic entry into the media and entertainment sectors.
-
Appointed Four Star General (Ret.) Laura J. Richardson, former Commander of
U.S. Southern Command, to the Advisory Board, adding decades of strategic leadership and global experience alongside other Advisory Board members such as international recording artist Akon, NFL Pro Brandon Marshall, Wall Street executives Mick Solimene and Steven Geskos.
Management Commentary
“2024 was a pivotal year for Siebert, highlighted by strong financial performance and meaningful progress in expanding our capabilities,” said Chairman and CEO John J. Gebbia. “We invested in talent and launched new business lines—including investment banking, capital markets, and media and entertainment—to enhance our long-term value proposition. Our focus remains on disciplined execution and innovation across both our legacy and newly launched offerings. With the right leadership in place and a clear strategic direction, we are well-positioned to build on this momentum in 2025 and beyond.”
Andrew Reich, CFO of Siebert, added: “We delivered strong results in 2024, with revenue growing
Notice to Investors
This communication is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities in
About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.
Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd, and Gebbia Media, LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media production. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.
Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release, that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the
These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert’s filings with the SEC.
Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether because of new information, future events or otherwise, except to the extent required by the federal securities laws.
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Investor Relations:
Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860
SIEB@gateway-grp.com
Source: Siebert Financial Corp.
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