Quarterly ResultMay 11, 2026, 12:47 PM
Standard Premium Finance Q1 Revenue +14.5%; Net Income +21.5%
AI Summary
Standard Premium Finance Holdings, Inc. reported strong financial results for the first quarter of 2026, with total revenues increasing 14.51% to $3.32 million and net income rising 21.51% to $408,067 year-over-year. Basic earnings per share grew 30% to $0.13. The company also saw an 8.82% increase in premium finance contracts and related receivables, contributing to a 10.39% growth in total assets. However, the provision for credit losses significantly increased by 65.89%.
Key Highlights
- Total revenues increased 14.51% to $3.32 million in Q1 2026.
- Net income rose 21.51% to $408,067 for the quarter.
- Basic EPS grew 30% to $0.13 from $0.10 year-over-year.
- Premium finance contracts and receivables increased 8.82% to $79.27 million.
- Total assets grew 10.39% to $82.59 million as of March 31, 2026.
- Provision for credit losses increased 65.89% to $397,335.
- Repurchased common stock totaling $135,001 in Q1 2026.
- Net cash provided by financing activities was $4.56 million.