SHF Holdings (SHFS) Stock

--Net Income increased to $0.4 million in the third quarter of 2024 --Loan Interest Income increased 48% and 143.5% year-over-year for three and nine months ended September 30, 2024, respectively --Operating Expenses decreased 13.2% versus Q3 2023 and by 66.4% for the nine-month period in 2024 GOLDEN, Colo., Nov. 12, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its financial results for the third quarter and nine months ended September 30, 2024.

Company to host conference call after the market closes at 4:30p.m. ET on Tuesday, November 12th Company to host conference call after the market closes at 4:30p.m. ET on Tuesday, November 12th

SHF Holdings has seen a significant price decline in 2024 since going public but shows potential for recovery with strong technical support levels and improving profitability and cash flow. Despite falling revenue, SHFS has increased loan interest income and reduced operating expenses, leading to improved net income and adjusted EBITDA. The stock is undervalued, trading at less than 9x the current annual rate of adjusted EBITDA and near tangible book value, suggesting limited downside risk.

GOLDEN, Colo., July 09, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today that it successfully exited a $3.1 million loan that was previously in default.

SHF Holdings Inc. (NASDAQ:SHFS) will be holding its Q1 2024 Earnings Conference Call on May 13, 2024 at 4:30 PM ET. Present at the conference call will be Erika Kay from KCSA Strategic Communications, Sundie Seefried, the Founder and CEO, and James Dennedy, the CFO. The conference operator, Benjamin, will be facilitating the call.

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SHF Holdings Inc. (NASDAQ:SHFS ) Q2 2023 Results Conference Call August 14, 2023 4:30 PM ET Company Participants Erika Kay - KCSA Strategic Communications Sundie Seefried - Founder & CEO James Dennedy - Chief Financial Officer Operator Greetings, and welcome to Safe Harbor Financial's Second Quarter 2023 Earnings Conference Call. As a reminder, this conference is being recorded.