Standard Premium Finance Q3 net income jumps 46% to $401,695; revenue rises 12% to $3.58 million
SPFX•Standard Premium Finance reported third-quarter net income of $401,695, up 46%, and revenue of $3.58 million, up 12%. Originations rose 17% to a third-quarter record of $48 million, and pre-tax margin widened to 16.1%.
1. Quarterly results
Standard Premium Finance reported third-quarter net income up 46% to $401,695 and revenue up 12% to $3.58 million. Originations climbed 17% to a third-quarter record of $48 million, while pre-tax margin widened to 16.1%. CEO William Koppelmann said funding costs were falling and the business continued to grow with a disciplined approach.
