Miami, FL / AccessWire / March 17, 2023 / Standard Premium Finance Holdings, Inc. (“Standard”) (OTCQX:SPFX) this week released its 2022 financial results for the fiscal year ended December 31, 2022 on Form 10-K filed with the SEC.
“We are very pleased with our results in this year’s turbulent macroeconomic environment,” said William Koppelman, Standard’s CEO. “We have grown our loan portfolio in this rising rate economy, which indicates the resilience of our company. We are proud to provide our customers with an outstanding level of service while remaining lean in our operations.”
FY 2022 Financial Highlights
- Income. Total revenue exceeded $8.1 million, an increase of 6.4% from fiscal 2021.
- loan origination. Total loan originations exceed $115 million during FY 2022, an increase of 5.5% from FY 2021.
- earnings per share. Basic earnings per share based on weighted-average common shares outstanding during the year was $0.25. Diluted earnings per share based on weighted-average common shares outstanding during the year was $0.21.
- preferred dividend. Dividend on preferred stock declared for the fourth quarter of 2022 and paid on schedule in January 2023.
- Dividend. The company achieved a return on equity of 18.3% for FY22.
forward-looking statements
This press release contains forward-looking statements, including, but not limited to, statements regarding our outlook for the remainder of 2022. You can identify forward-looking statements by the fact that they do not strictly relate to historical or current facts. Words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “target”, “objective”, “believe”, “may”, “will” include in these statements can join. , “should”, “be”, “look forward to”, “may”, “might”, “potential”, “are assured”, “outlook”, and other words and similar in connection with any discussion Words meaning the timing or nature of future operating or financial performance or other events. Forward-looking statements provide our current expectations and projections regarding our financial condition; macroeconomic factors; plans; Objective; product development; development opportunities; Estimate; risk; future performance; Business; and any investment; and results of operations, including revenue and net income. Neither we nor anyone else assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Standard undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as may be required by law.
All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those we expect. More information about factors that could affect the results of our operations and the risks and uncertainties is provided in our public filings with the Securities and Exchange Commission, copies of which are available at www.standardpremiuminvestors.com or on our website at the SEC. The same can be accessed by visiting the Investor Relations website. at www.sec.gov. These risks and uncertainties include, but are not limited to, our ability to maintain our growth rates; the effectiveness of our credit decision-making model and risk management efforts; overall economic conditions, including interest rate changes; geopolitical events, such as the Russia–Ukraine conflict; Disruption of credit markets; our ability to retain existing and attract new, bank partners and lenders; our ability to access sufficient debt funding; and our ability to operate successfully in a highly regulated industry.
Standard Premium Finance Holdings, Inc. About this
Standard Premium Finance Holdings, Inc. is an insurance premium finance company providing insurance premium financing solutions to businesses and individuals. With over 200 collective years of insurance premium finance experience, Standard Premium Finance is best positioned to advise and assist our valued partner agents and client base on every aspect of their insurance premium financing. Standard is an industry-leading premium finance company with annual loan originations of approximately $120 million, with loans ranging from $500 to $500,000.
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Source: Standard Premium Finance Holdings, Inc.
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