Standard Premium Finance Holdings, Inc. Reports Second Quarter 2024 Results
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 (OTCQX: SPFX) ha riportato risultati finanziari record per il secondo trimestre del 2024. I punti salienti includono:
- Ricavi superiori a 3 milioni di dollari, con un aumento del 35% rispetto all'anno precedente
- Origini di prestiti superiori a 40 milioni di dollari, un incremento del 25%
- Il reddito netto è aumentato dell'86% rispetto al secondo trimestre del 2023
- Utili per azione pari a 0,11 dollari
- Il tasso d'interesse medio ponderato sui nuovi prestiti è salito al 17,58%
- Il ritorno sul capitale proprio ha superato il 23%
Il CEO William Koppelmann ha attribuito il successo alla resilienza dell'azienda nell'affrontare un contesto macroeconomico difficile. Standard si aspetta ulteriori opportunità di crescita poiché i tassi di interesse dovrebbero diminuire nei prossimi mesi.
Standard Premium Finance Holdings (OTCQX: SPFX) reportó resultados financieros récord para el segundo trimestre de 2024. Los aspectos más destacados incluyen:
- Los ingresos superaron los 3 millones de dólares, un aumento del 35% en comparación con el año anterior
- Las originaciones de préstamos superaron los 40 millones de dólares, un incremento del 25%
- Los ingresos netos aumentaron un 86% en comparación con el segundo trimestre de 2023
- Las ganancias por acción alcanzaron los 0,11 dólares
- El APR ponderado promedio en nuevos préstamos se incrementó al 17,58%
- El retorno sobre el capital excedió el 23%
El CEO William Koppelmann atribuyó el éxito a la resiliencia de la empresa para navegar en un entorno macroeconómico desafiante. Standard anticipa más oportunidades de crecimiento a medida que se espera que las tasas de interés disminuyan en los próximos meses.
스탠다드 프리미엄 파이낸스 홀딩스(OTCQX: SPFX)는 2024년 2분기에 기록적인 재무 결과를 보고했습니다. 주요 하이라이트는 다음과 같습니다:
- 수익이 300만 달러를 초과했으며 전년 대비 35% 증가했습니다.
- 대출 원금이 4000만 달러를 초과했습니다, 25% 증가.
- 순이익이 86% 증가했습니다 (2023년 2분기 대비)
- 주당 순이익이 0.11 달러에 도달했습니다
- 신규 대출의 가중 평균 APR이 17.58%로 증가했습니다
- 자기자본이익률이 23%를 초과했습니다
CEO 윌리엄 코펠만은 이 성공을 어려운 거시 경제 환경을 극복하는 회사의 강인성에 기인한다고 설명했습니다. 스탠다드는 향후 몇 달 간 금리가 하락할 것으로 예상되어 추가적인 성장 기회를 기대하고 있습니다.
Standard Premium Finance Holdings (OTCQX: SPFX) a annoncé des résultats financiers records pour le deuxième trimestre de 2024. Les faits marquants incluent :
- Des revenus dépassant 3 millions de dollars, en hausse de 35% par rapport à l'année précédente
- Les origines de prêts ayant dépassé 40 millions de dollars, une augmentation de 25%
- Le revenu net a augmenté de 86% par rapport au deuxième trimestre 2023
- Le bénéfice par action a atteint 0,11 dollar
- Le taux d'intérêt moyen pondéré sur les nouveaux prêts a augmenté à 17,58%
- Le retour sur capitaux propres a dépassé 23%
Le PDG William Koppelmann a attribué ce succès à la résilience de l'entreprise face à un environnement macroéconomique difficile. Standard prévoit d'autres opportunités de croissance, les taux d'intérêt étant attendus en baisse dans les mois à venir.
Standard Premium Finance Holdings (OTCQX: SPFX) meldete rekordverdächtige finanzielle Ergebnisse für das zweite Quartal 2024. Die Highlights umfassen:
- Umsatz überstieg 3 Millionen US-Dollar, ein Anstieg um 35% im Jahresvergleich
- Darlehensvergaben überstiegen 40 Millionen US-Dollar, ein Zuwachs von 25%
- Der Nettogewinn stieg um 86% im Vergleich zum zweiten Quartal 2023
- Gewinn pro Aktie betrug 0,11 US-Dollar
- Der gewichtete Durchschnittszinssatz neuer Darlehen stieg auf 17,58%
- Die Eigenkapitalrendite überstieg 23%
CEO William Koppelmann schrieb den Erfolg der Widerstandsfähigkeit des Unternehmens zu, das in einem herausfordernden makroökonomischen Umfeld navigiert. Standard erwartet weitere Wachstumschancen, da die Zinssätze in den kommenden Monaten voraussichtlich sinken werden.
- Revenue increased by 35% year-over-year to over $3 million
- Loan originations grew by 25% to surpass $40 million
- Net income surged by 86% compared to Q2 2023
- Earnings per share reached $0.11 for the quarter
- Weighted-average APR on new loans increased by 62 basis points to 17.58%
- Return on equity exceeded 23% for Q2 2024
- 7% APY dividends on preferred stock were declared and paid
- None.
MIAMI, FL, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Standard Premium Finance Holdings, Inc. ("Standard") (OTCQX: SPFX) last week released its financial results for its second quarter of fiscal year 2024 ended June 30, 2024.
“Standard has delivered record quarterly revenues,” said William Koppelmann, CEO of Standard. “Adjusting to the unprecedented eleven interest rate increases required a balance of resilience and perspicacity that steered us soundly through a turbulent macroeconomic environment. As we anticipate decreasing rates in the coming months, Standard expects that the opposite forces will provide an opportunity for further increased profitability. Our current position supports Standard’s growth trajectory expanding into new geographic territories.”
Second Quarter 2024 Financial Highlights
- Revenue. Total revenue exceeded
$3,000,000 , an increase of35% from the second quarter of 2023. Year-to date revenue also increased35% from 2023. - Loan Originations. Total loan originations surpassed
$40,000,000 , an increase of25% from the second quarter of 2023. - Net Income and EPS. Net income increased
86% compared to the second quarter of 2023. Accordingly, earnings per share were$0.11 for the quarter. - Average APR. Our weighted-average APR on new loans increased to
17.58% , a 62-basis point increase as compared to the second quarter of 2023. - Preferred Dividends. Dividends of
7% APY on preferred stock were declared and paid in August 2024. - Return on Equity. The Company achieved a return on equity exceeding
23% for the second quarter of 2024.
Forward-Looking Statements
This press release contains forward-looking statements, including but not limited to, statements regarding our outlook on for the remainder of 2024. 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", 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.standardpremiuminvestors.com or the SEC’s website at www.sec.gov.
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
For more information, please contact Media Relations at info@standardpremium.com.
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