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Stock impact report

Siebert Reports First Quarter 2024 Financial Results

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Company Research Source: Business Wire
2024 Q1 Operating Income of $5.1 Million, up 18% Year-over-Year NEW YORK--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today reported financial results for the first quarter ended March 31, 2024.First Quarter 2024 Financial HighlightsRevenue of $20.5 million compared to $16.2 million in the first quarter of 2023Operating income of $5.1 million compared to $4.3 million in the first quarter of 2023Net income available to common stockholders of $3.7 million compared to 3.2 million in the first quarter of 2023Earnings per share of $0.09 compared to $0.10 in the first quarter of 2023Retail customer net worth of $16.6 billion, an improvement compared to $15.9 billion at the end of 2023Total retail customer accounts of 155,499 compared to 153,727 at the end of 2023Management CommentaryJohn J. Gebbia, CEO of Siebert, said “The first quarter represented a strong start to the year and continued momentum for Siebert as we m Show less Read more
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