STANDARD PREMIM FIN HLDG - SPFX STOCK NEWS

Standard Premium Finance Holdings (SPFX) reported strong Q3 2024 financial results, with revenue exceeding $3 million, up 19% year-over-year. Net income reached $300,627 ($0.07 per diluted share), a 157% increase from Q3 2023. EBIT grew 32% to $1.56 million. The loan portfolio expanded to $67.78 million, up 11.6% since 2023 year-end. The weighted-average APR on new loans increased to 18.25%. Year-to-date performance showed revenue of $9.02 million and net income of $746,881 ($0.19 per diluted share). The company maintains an optimistic outlook, citing favorable interest rate environment and growth opportunities.

Standard Premium Finance Holdings (OTCQX: SPFX) held its 2024 Annual Shareholder Meeting on November 8, 2024, with nearly 65% of total voting shares represented. The meeting, which took place at Three Lakes Clubhouse in Miami, Florida, saw shareholders approve all proposed items. CEO William Koppelmann expressed satisfaction with the turnout and shareholder engagement. The company views the approval of all initiatives as an endorsement of its strategic vision and commitment to growth in the premium finance industry.

Standard Premium Finance Holdings (OTCQX: SPFX) reported record-breaking financial results for Q2 2024. Highlights include:

- Revenue exceeded $3 million, up 35% year-over-year
- Loan originations surpassed $40 million, a 25% increase
- Net income rose 86% compared to Q2 2023
- Earnings per share reached $0.11
- Weighted-average APR on new loans increased to 17.58%
- Return on equity exceeded 23%

CEO William Koppelmann attributed the success to the company's resilience in navigating a challenging macroeconomic environment. Standard anticipates further growth opportunities as interest rates are expected to decrease in the coming months.

Standard Premium Finance Holdings, Inc. (OTCQX:SPFX) reported its fiscal year 2022 financial results, highlighting a total revenue of $8.1 million, up 6.4% from 2021, and loan originations exceeding $115 million, a 5.5% increase. Basic earnings per share stood at $0.25, while diluted earnings per share were $0.21. The company achieved a return on equity of 18.3%. CEO William Koppelmann emphasized the company’s resilience amid a challenging macroeconomic landscape. Preferred dividends for Q4 2022 were declared and processed timely. The company continues to navigate various risks, including economic conditions and credit market disruptions.

Standard Premium Finance Holdings (OTCQX:SPFX) has declared a quarterly cash dividend of $0.0175 per preferred share on January 9, 2023, payable on January 20, 2023. Preferred shareholders of record on December 31, 2022 will receive this dividend, which translates to an annualized yield of 7.00% based on the preferred share price of $10.00. Standard is an industry leader in providing insurance premium financing solutions, achieving annual loan originations of approximately $120 million. With over 200 years of collective experience, the company is well-positioned to support its clients with premium financing needs.

Standard Premium Finance Management Corporation, a subsidiary of Standard Premium Finance Holdings, Inc. (OTCQX:SPFX), has amended its line of credit with First Horizon Bank, extending the term to November 30, 2025. This amendment features favorable interest rates, a three-year maturity, and changes to financial covenants. The transition from LIBOR to SOFR aims to provide more stable interest rates. The new agreement enhances the company’s flexibility in capital structuring, supporting future growth and potential mergers or acquisitions.

Standard Premium Finance Holdings (SPFX) released its financial results for Q3 2022, reporting total revenue of $2.1 million, a 2.5% increase from Q3 2021. Year-to-date revenue reached $6.0 million, up 6.0% over the previous year. Loan originations exceeded $30 million for the quarter, marking a 5.8% increase, with total year-to-date originations at $89.3 million, a 5.5% rise. The return on equity remained strong at over 17%. The company expressed optimism for the remainder of 2022.

Standard Premium Finance Holdings, Inc. (OTCQX:SPFX) announced its financial results for Q2 2022, reporting total revenue of over $2 million, a 6% increase from Q2 2021. Year-to-date revenue reached $3.9 million, up 8%. Loan originations hit approximately $30 million, a 5% rise. Net income rose by 19% to $185,353, with diluted EPS at $0.05. The company maintained a return on equity above 20% and expressed confidence in sustaining profitability amid rising interest rates.

Standard Premium Finance Holdings (OTCQX:SPFX) declared a prorated quarterly cash dividend of $0.0175 per preferred share on July 7, 2022. This dividend is payable on July 15, 2022, to preferred shareholders of record on June 30, 2022. With an annualized yield of 7.00%, based on the original price of $10.00 per share, the company emphasizes its long-standing commitment to timely interest payments. Standard Premium Finance is recognized for its expertise in insurance premium financing, with annual loan originations around $120 million.