Standard Premium Finance Holdings Inc. has announced its financial results, highlighting a 24.9% year-over-year increase in revenue. The company reported an 84.1% surge in net income for the fiscal year 2024. Additionally, loan originations rose by 14% during the same period. In the first quarter of 2025, earnings per share increased by 230% as the company improved its profitability and reduced operating expenses by 7.8% compared to the previous year. This performance coincides with an expanded line of credit with First Horizon Bank, increasing the borrowing capacity from $45 million to $50 million, which will support the company's ongoing growth and innovation initiatives.
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