Siebert Financial Corp. announced its financial results for the year ended December 31, 2024, reporting a 17% increase in total revenue to $83.9 million compared to the prior year. This growth was driven by increases in commissions and fees, stock borrow/stock loan, and interest revenues.
The company's earnings per share (EPS) increased by 57% to $0.33 for the full year 2024, up from $0.21 in fiscal year 2023. Operating income decreased slightly, which was attributed to an increase in personnel costs related to new business lines and key initiatives.
Siebert highlighted 2024 as a pivotal year, marked by investments in talent and the launch of new business lines, including investment banking, capital markets, and media and entertainment. The company stated it remains in a strong financial position and is making strategic investments for future growth and expansion in 2025.
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