Siebert Financial reports Q1 EPS 9c vs. 10c last year

Reports revenue of $20.5M, compared to $16.2M in the first quarter of 2023. Andrew Reich, CFO of Siebert, commented: “We delivered strong results for revenue and net income this quarter with revenue increasing 27% year-over-year. This increase was driven by higher interest income, strong performance related to our principal transactions business line, as well as growth within our Securities Finance division. Looking ahead, we remain focused on maintaining operational efficiency and driving profitable growth while maintaining a strong capital position.”