Standard Premium Finance Holdings, Inc. Reports Fiscal Year 2024 Results
Standard Premium Finance Holdings (SPFX) has reported strong financial results for fiscal year 2024. The company achieved total revenue of $12.1 million, marking a 24.9% increase from 2023. Net income saw significant growth, reaching $980,000, up 84.1% year-over-year.
Key performance metrics include loan originations exceeding $149 million (up 14.0%), basic earnings per share of $0.29, and diluted EPS of $0.24. The company demonstrated robust profitability with a return on equity of 16.6% for FY2024. SPFX, which operates in over 35 states, continues to provide financing solutions for property and casualty insurance policies, having facilitated over $2 billion in financing to date.
Standard Premium Finance Holdings (SPFX) ha riportato risultati finanziari solidi per l'anno fiscale 2024. L'azienda ha raggiunto un fatturato totale di 12,1 milioni di dollari, segnando un aumento del 24,9% rispetto al 2023. Il reddito netto ha visto una crescita significativa, raggiungendo 980.000 dollari, con un incremento dell'84,1% rispetto all'anno precedente.
I principali indicatori di performance includono l'originazione di prestiti che ha superato i 149 milioni di dollari (in aumento del 14,0%), utili per azione di base di 0,29 dollari e utili per azione diluiti di 0,24 dollari. L'azienda ha dimostrato una redditività robusta con un ritorno sul capitale proprio del 16,6% per l'anno fiscale 2024. SPFX, che opera in oltre 35 stati, continua a fornire soluzioni di finanziamento per polizze di assicurazione contro i danni, avendo facilitato oltre 2 miliardi di dollari in finanziamenti fino ad oggi.
Standard Premium Finance Holdings (SPFX) ha reportado resultados financieros sólidos para el año fiscal 2024. La empresa alcanzó un ingreso total de 12,1 millones de dólares, marcando un aumento del 24,9% en comparación con 2023. El ingreso neto experimentó un crecimiento significativo, alcanzando los 980,000 dólares, un aumento del 84,1% interanual.
Los principales indicadores de rendimiento incluyen la originación de préstamos que superó los 149 millones de dólares (un aumento del 14,0%), ganancias por acción básicas de 0,29 dólares y ganancias por acción diluidas de 0,24 dólares. La empresa demostró una rentabilidad robusta con un retorno sobre el capital del 16,6% para el año fiscal 2024. SPFX, que opera en más de 35 estados, continúa proporcionando soluciones de financiamiento para pólizas de seguros de propiedad y responsabilidad, habiendo facilitado más de 2 mil millones de dólares en financiamiento hasta la fecha.
스탠다드 프리미엄 파이낸스 홀딩스 (SPFX)는 2024 회계 연도에 대한 강력한 재무 결과를 보고했습니다. 이 회사는 를 달성하여 2023년 대비 24.9% 증가했습니다. 순이익은 980,000달러에 도달하여 전년 대비 84.1% 증가했습니다.
주요 성과 지표에는 대출 원금이 1억 4900만 달러를 초과한 것(14.0% 증가), 기본 주당 순이익 0.29달러, 희석 주당 순이익 0.24달러가 포함됩니다. 이 회사는 2024 회계 연도에 자본 수익률 16.6%을 기록하며 강력한 수익성을 입증했습니다. SPFX는 35개 주 이상에서 운영되며, 현재까지 20억 달러 이상의 자금을 지원하여 재산 및 책임 보험 정책에 대한 금융 솔루션을 제공하고 있습니다.
Standard Premium Finance Holdings (SPFX) a rapporté des résultats financiers solides pour l'exercice 2024. L'entreprise a atteint un chiffre d'affaires total de 12,1 millions de dollars, marquant une augmentation de 24,9 % par rapport à 2023. Le revenu net a connu une croissance significative, atteignant 980 000 dollars, soit une augmentation de 84,1 % par rapport à l'année précédente.
Les principaux indicateurs de performance incluent les origines de prêts dépassant 149 millions de dollars (en hausse de 14,0 %), un bénéfice de base par action de 0,29 dollar et un BPA dilué de 0,24 dollar. L'entreprise a démontré une rentabilité robuste avec un retour sur fonds propres de 16,6 % pour l'exercice 2024. SPFX, qui opère dans plus de 35 États, continue de fournir des solutions de financement pour les polices d'assurance de biens et de responsabilité, ayant facilité à ce jour plus de 2 milliards de dollars de financements.
Standard Premium Finance Holdings (SPFX) hat für das Geschäftsjahr 2024 starke Finanzzahlen berichtet. Das Unternehmen erzielte einen Gesamtumsatz von 12,1 Millionen Dollar, was einem Anstieg von 24,9 % im Vergleich zu 2023 entspricht. Der Nettogewinn verzeichnete ein signifikantes Wachstum und erreichte 980.000 Dollar, was einem Anstieg von 84,1 % im Jahresvergleich entspricht.
Zu den wichtigsten Leistungskennzahlen gehören die Darlehensvergabe, die 149 Millionen Dollar überstieg (ein Anstieg von 14,0 %), das Basisergebnis je Aktie von 0,29 Dollar und das verwässerte Ergebnis je Aktie von 0,24 Dollar. Das Unternehmen zeigte eine robuste Rentabilität mit einer Eigenkapitalrendite von 16,6 % für das Geschäftsjahr 2024. SPFX, das in über 35 Bundesstaaten tätig ist, bietet weiterhin Finanzierungslösungen für Sach- und Haftpflichtversicherungen an und hat bisher über 2 Milliarden Dollar an Finanzierungen bereitgestellt.
- Revenue increased 24.9% to $12.1 million
- Net income grew 84.1% to $980,000
- Loan originations up 14.0% to $149 million
- Strong return on equity of 16.6%
- Geographic presence in over 35 states
- Diluted EPS ($0.24) lower than basic EPS ($0.29) indicating potential share dilution
MIAMI, March 11, 2025 (GLOBE NEWSWIRE) -- Standard Premium Finance Holdings, Inc. ("Standard") (OTCQX: SPFX) this week released its financial results for its fiscal year 2024 ended December 31, 2024 on its Form 10-K filed with the SEC.
“We are thrilled to share yet another period of outstanding performance with our shareholders,” said William Koppelmann, CEO of Standard. “Our sustained profitability, even in a challenging rising rate environment, demonstrates the expertise that has made Standard the industry leader it is today. We are proud to provide an excellent level of service to our customers while embracing the cutting edge of industry technology. With a strong foundation and a forward-looking approach, we are confident in our ability to drive even greater success in the future.”
Fiscal Year 2024 Financial Highlights
- Revenue. Total revenue exceeded
$12.1 million , an increase of24.9% from fiscal year 2023. - Net Income. Net income was approximately
$980,000 , an increase of84.1% from fiscal year 2023. - Loan Originations. Total loan originations reached over
$149 million during fiscal year 2024, an increase of14.0% from fiscal year 2023. - Earnings per Share. Basic earnings per share were
$0.29 b ased on weighted average common shares outstanding during the year. Diluted earnings per share were$0.24 b ased on weighted average common shares outstanding during the year. - Preferred Dividends. Dividends on preferred stock for the fourth quarter of 2024 were declared and paid timely in January 2025.
- Return on Equity. The Company achieved a return on equity of
16.6% for fiscal year 2024.
| Summary of Comparative Results | ||||||||||
| For the years ended | ||||||||||
| December 31, 2024 | December 31, 2023 | Increase/ (Decrease) ($) | Increase/ (Decrease) (%) | |||||||
| Revenues: | ||||||||||
| Finance Charges | $ | 10,549,453 | $ | 8,285,805 | 2,263,648 | 27.3 | % | |||
| Late Charges | 1,209,614 | 1,067,914 | 141,700 | 13.3 | % | |||||
| Origination Charges | 384,076 | 369,291 | 14,785 | 4.0 | % | |||||
| Gross Revenue | 12,143,143 | 9,723,010 | 2,420,133 | 24.9 | % | |||||
| Expenses: | ||||||||||
| Interest | 4,407,653 | 3,798,046 | 609,607 | 16.1 | % | |||||
| Salaries and wages | 2,118,609 | 1,767,153 | 351,456 | 19.9 | % | |||||
| Commissions | 1,449,676 | 1,150,746 | 298,930 | 26.0 | % | |||||
| Provision for credit losses | 1,254,525 | 950,815 | 303,710 | 31.9 | % | |||||
| Professional fees | 372,162 | 310,951 | 61,211 | 19.7 | % | |||||
| Postage | 113,529 | 114,980 | (1,451 | ) | (1.3 | %) | ||||
| Insurance | 170,959 | 124,484 | 46,475 | 37.3 | % | |||||
| Other operating expenses | 935,891 | 792,942 | 142,949 | 18.0 | % | |||||
| Total costs and expenses | 10,823,004 | 9,010,117 | 1,812,887 | 20.1 | % | |||||
| Income before income taxes | 1,320,139 | 712,893 | 607,246 | 85.2 | % | |||||
| Provision for income taxes | 340,146 | 180,491 | 159,655 | 88.5 | % | |||||
| Net income | 979,993 | 532,402 | 447,591 | 84.1 | % | |||||
About Standard Premium Finance Holdings, Inc.
Standard Premium Finance Holdings, Inc. (OTCQX: SPFX) is an industry-specific holding company pursuing merger and acquisition opportunities of synergistic businesses to take advantage of the economies of scale within the specialty finance industry. SPFX companies have provided financing solutions in excess of
Forward-Looking Statements
This press release contains forward-looking statements, including but not limited to, statements regarding our outlook on the future performance of Standard. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate", "expect", "will", “opportunity” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. Forward-looking statements give our current expectations and projections relating to our financial condition; macroeconomic factors; plans; objectives; growth opportunities; assumptions; risks; future performance; business; and results of operations, including revenue, and net income. Neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Standard undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. More information about factors that could affect our results of operations and risks and uncertainties are provided in our public filings with the Securities and Exchange Commission, copies of which may be obtained by visiting our investor relations website at www.standardpremium.com/investors or the SEC’s website at www.sec.gov.
For more information, contact Media Relations at info@standardpremium.com
FAQ
What was SPFX's revenue growth in fiscal year 2024?
How much did Standard Premium Finance Holdings' net income increase in FY 2024?
What was SPFX's loan origination volume for fiscal year 2024?
What was Standard Premium Finance Holdings' (SPFX) return on equity in 2024?
What were SPFX's earnings per share for fiscal year 2024?
