Standard Premium Finance Holdings (SPFX) has secured an increased revolving line of credit with First Horizon Bank, expanding from $45 million to $50 million. The amendment, effective May 21, 2025, marks the fourth modification since 2021 and supports the company's growth strategy. Standard Premium has demonstrated strong financial performance with a 24.9% year-over-year revenue growth, 84.1% increase in FY 2024 net income, and 14% rise in loan originations. Q1 2025 showed impressive results with a 230% increase in earnings per share and 7.8% reduction in operating expenses. The expanded credit facility aims to support rising demand for premium financing solutions and enable further innovation and customer service improvements.
Standard Premium Finance Holdings (SPFX) ha ottenuto un aumento della linea di credito revolving con First Horizon Bank, passando da 45 milioni a 50 milioni di dollari. La modifica, efficace dal 21 maggio 2025, rappresenta la quarta revisione dal 2021 e sostiene la strategia di crescita dell'azienda. Standard Premium ha mostrato solide performance finanziarie con una crescita dei ricavi del 24,9% su base annua, un incremento dell'84,1% dell'utile netto nell'anno fiscale 2024 e un aumento del 14% nelle erogazioni di prestiti. Il primo trimestre del 2025 ha evidenziato risultati impressionanti con un aumento del 230% degli utili per azione e una riduzione del 7,8% delle spese operative. La linea di credito ampliata mira a supportare la crescente domanda di soluzioni di finanziamento dei premi e a favorire ulteriori innovazioni e miglioramenti nel servizio clienti.
Standard Premium Finance Holdings (SPFX) ha asegurado una l铆nea de cr茅dito revolvente ampliada con First Horizon Bank, aumentando de 45 millones a 50 millones de d贸lares. La enmienda, vigente desde el 21 de mayo de 2025, representa la cuarta modificaci贸n desde 2021 y respalda la estrategia de crecimiento de la compa帽铆a. Standard Premium ha demostrado un s贸lido desempe帽o financiero con un crecimiento interanual de los ingresos del 24,9%, un aumento del 84,1% en las ganancias netas del a帽o fiscal 2024 y un incremento del 14% en la originaci贸n de pr茅stamos. El primer trimestre de 2025 mostr贸 resultados impresionantes con un aumento del 230% en las ganancias por acci贸n y una reducci贸n del 7,8% en los gastos operativos. La ampliaci贸n de la l铆nea de cr茅dito tiene como objetivo apoyar la creciente demanda de soluciones de financiamiento de primas y permitir una mayor innovaci贸n y mejoras en el servicio al cliente.
Standard Premium Finance Holdings (SPFX) a obtenu une augmentation de sa ligne de cr茅dit renouvelable aupr猫s de First Horizon Bank, passant de 45 millions 脿 50 millions de dollars. L'amendement, effectif 脿 partir du 21 mai 2025, constitue la quatri猫me modification depuis 2021 et soutient la strat茅gie de croissance de l'entreprise. Standard Premium a affich茅 de solides performances financi猫res avec une croissance du chiffre d'affaires de 24,9 % d'une ann茅e sur l'autre, une augmentation de 84,1 % du b茅n茅fice net pour l'exercice 2024 et une hausse de 14 % des octrois de pr锚ts. Le premier trimestre 2025 a montr茅 des r茅sultats impressionnants avec une augmentation de 230 % du b茅n茅fice par action et une r茅duction de 7,8 % des charges d'exploitation. La ligne de cr茅dit 茅largie vise 脿 soutenir la demande croissante de solutions de financement des primes et 脿 permettre davantage d'innovations et d'am茅liorations du service client.
Standard Premium Finance Holdings (SPFX) hat eine erh枚hte revolvierende Kreditlinie bei der First Horizon Bank gesichert, die von 45 Millionen auf 50 Millionen US-Dollar erweitert wurde. Die 脛nderung, die am 21. Mai 2025 in Kraft tritt, stellt die vierte Anpassung seit 2021 dar und unterst眉tzt die Wachstumsstrategie des Unternehmens. Standard Premium hat eine starke finanzielle Leistung gezeigt, mit einem Umsatzwachstum von 24,9 % im Jahresvergleich, einem Anstieg des Nettogewinns im Gesch盲ftsjahr 2024 um 84,1 % und einer Steigerung der Kreditvergaben um 14 %. Das erste Quartal 2025 zeigte beeindruckende Ergebnisse mit einem Anstieg des Gewinns je Aktie um 230 % und einer Reduzierung der Betriebskosten um 7,8 %. Die erweiterte Kreditfazilit盲t soll die steigende Nachfrage nach Premium-Finanzierungsl枚sungen unterst眉tzen und weitere Innovationen sowie Verbesserungen im Kundenservice erm枚glichen.
Positive
Credit line increased by $5 million to $50 million, providing additional growth capital
Strong 24.9% year-over-year revenue growth
Significant 84.1% increase in FY 2024 net income
Impressive 230% growth in Q1 2025 earnings per share
Operating expenses reduced by 7.8% year-over-year
Loan originations up 14%
Negative
None.
MIAMI, June 17, 2025 (GLOBE NEWSWIRE) -- (OTCQX: SPFX) (Standard Premium), a leading specialty finance company, today announced an increase to its revolving line of credit with (NYSE:FHN), a leading regional bank operating in 12 states across the southern U.S. The amendment raises Standard Premium鈥檚 borrowing capacity from $45 million to $50 million, supporting the Company鈥檚 strategic growth trajectory.
鈥淪tandard Premium has consistently demonstrated strong performance and thoughtful leadership in a dynamic market,鈥� said Jake McCrary, managing director, First Horizon Bank. 鈥淔irst Horizon has maintained a strong relationship with Standard Premium since it became a client in 2021.鈥�
The amended line of credit, effective since May 21, 2025, marks the fourth modification to the loan agreement since its inception in 2021. The increased commitment comes at a pivotal time for the Company, which continues to see rising demand for flexible premium financing solutions amid record breaking growth, including a 24.9% year-over-year revenue increase. Additionally, net income surged 84.1% in FY 2024, while loan originations rose 14%. In Q1 2025, earnings per share increased 230% as the Company improved profitability and reduced operating expenses by 7.8% year-over-year.
鈥淭his expanded line of credit positions us to meet growing demand, invest in innovation and better serve our customers across the country,鈥� says William Koppelmann, CEO, Standard Premium. 鈥淲e appreciate the continued support of First Horizon Bank, who understands our commitment to meaningful growth objectives.鈥�
About Standard Premium Finance Holdings, Inc. Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), is a specialty finance company which has financed premiums on over $2 Billion of property and casualty insurance policies since 1991. We currently operate in 38 states and are seeking M&A opportunities of synergistic businesses to leverage economies of scale. 听
Cautionary Statement Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended with regard to our anticipated future growth and outlook. Our actual results may differ from expectations presented or implied herein and, consequently, you should not rely on these forward-looking statements as predictions of future events. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or results.
Additional information concerning risk factors relating to our business is contained in Item 1A Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2025 which is available on the SEC鈥檚 website at or on the Investor Relations section of our website, standardpremium.com.
Media: Nicholas Turchiano CPR Marketing
201-641-1911x35
FAQ
What is the new credit line amount for Standard Premium Finance Holdings (SPFX)?
Standard Premium Finance Holdings' credit line with First Horizon Bank has been increased from $45 million to $50 million, effective May 21, 2025.
How much did SPFX's revenue grow year-over-year?
Standard Premium Finance Holdings reported a 24.9% year-over-year revenue growth.
What was SPFX's earnings per share growth in Q1 2025?
Standard Premium Finance Holdings achieved a 230% increase in earnings per share during Q1 2025.
How has Standard Premium Finance Holdings performed in terms of cost management?
The company successfully reduced operating expenses by 7.8% year-over-year in Q1 2025.
What was Standard Premium Finance Holdings' net income growth in FY 2024?
Standard Premium Finance Holdings reported an 84.1% increase in net income for FY 2024.
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