Standard Premium Finance Holdings Increases Line of Credit with First Horizon Bank to Support Ongoing Growth

Core Insights - Standard Premium Finance Holdings, Inc. has increased its revolving line of credit with First Horizon Bank from $45 million to $50 million, supporting its strategic growth [1][2] - The company has experienced significant financial growth, with a 24.9% year-over-year revenue increase and an 84.1% surge in net income for FY 2024 [2] - The expanded line of credit will enable the company to meet growing demand, invest in innovation, and enhance customer service [3] Financial Performance - Standard Premium reported a 24.9% year-over-year revenue increase [2] - Net income surged by 84.1% in FY 2024 [2] - Loan originations rose by 14% [2] - In Q1 2025, earnings per share increased by 230% while operating expenses were reduced by 7.8% year-over-year [2] Company Background - Standard Premium has financed over $2 billion in property and casualty insurance policies since 1991 and operates in 38 states [3] - The company is actively seeking M&A opportunities to leverage economies of scale [3]