SHF Holdings Inc

SHF Holdings Inc. engages in the provision of financial services focused on the cannabis industry. It provides access to banking and financing solutions for the cannabis industry. The company is headquartered in Arvada, CO.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

SHF Holdings Inc (SHFS) reports stellar Q1 performance amidst regulatory uncertainties

SHF Holdings Inc (SHFS) demonstrated robust financial performance in Q1 2024, driven by strong loan income growth and cost management. While facing challenges from regulatory uncertainties and fee reductions, the company is well-positioned to capitalize on opportunities in the cannabis lending market and strategic acquisitions.

Safe Harbor Financial reports Q2 success amidst revenue challenges

Safe Harbor Financial demonstrated resilience with positive net income and strong loan interest income growth in Q2 2024.
While facing revenue challenges and regulatory uncertainties, the company maintains a solid liquidity position and growth outlook for the year.
Strategies to capitalize on industry opportunities and navigate challenges will be crucial for Safe Harbor's sustained success in the cannabis financial services sector.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SHF Holdings, Inc. engages in the provision of financial services focused on the cannabis industry. It provides access to banking and financing solutions for the cannabis industry. The company was founded in February 2021 and is headquartered in Golden, CO.

SHF Holdings is the only nationwide fintech company serving the cannabis industry. The cannabis industry is growing rapidly, with more states legalizing cannabis and public support for federal legalization increasing. Traditional banks are hesitant to work with the cannabis industry, giving SHF a unique market opportunity.

SHF Holdings: My One Stock

GOLDEN, Colo., Oct. 10, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor Financial”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today that management will participate in the Maxim Group 2023 Virtual Tech Conference Series being held virtually on October 10-11, 2023.

Safe Harbor Financial Announces Participation in the Maxim Group Virtual Tech Conference Series: Exploring All Corners of the Tech Sector

Chris DeMuth Jr on why the energy sector offers opportunities for underpaying and high returns, particularly in oil and gas equities. Uranium is a promising commodity for meeting future energy demand and has the potential for significant growth.

Energy Exposure, Uranium's Dry Spells, Bullish On SHF Holdings

Chris DeMuth talks investing in cannabis, legalization, SAFE banking and whether the investment community cares. He believes that institutional investors are waiting for full federal legalization before entering the cannabis market.

Chris DeMuth Talks Cannabis, SAFE Banking + SHF Holdings

Line of Credit Offering Expands Safe Harbor's Industry-Leading Suite of Deposit & Credit Tools Supporting the Growth of the U.S. Cannabis Industry Line of Credit Offering Expands Safe Harbor's Industry-Leading Suite of Deposit & Credit Tools Supporting the Growth of the U.S. Cannabis Industry

Safe Harbor Financial Launches New Line of Credit Products for Cannabis Businesses

New Credit Facility Supports the Beverage Company's Expansion into California New Credit Facility Supports the Beverage Company's Expansion into California

Safe Harbor Financial Originates $3 Million First Lien Secured Loan for a Leading THC-infused Beverage Company

Recognized leader in managing funds safely into the financial system, while growing the deposit base with partner financial institutions and expanding credit options to the cannabis industry Recognized leader in managing funds safely into the financial system, while growing the deposit base with partner financial institutions and expanding credit options to the cannabis industry

Safe Harbor Financial Hits Key Milestone by Helping to Process Over $20 Billion in Cannabis Related Funds

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.

SHF Holdings Inc. (SHFS) Q2 2023 Earnings Call Transcript

GOLDEN, Colo., Aug. 04, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating banking, payments, and financial services to the regulated cannabis industry, announced today that its Chief Executive Officer, Sundie Seefried, has won The Green Market Report Cannabis Finance Award for Top CEO. The Green Market Report Cannabis Finance Awards honor individuals and companies who play critical roles in a complicated aspect of the cannabis industry.

SHF Holdings, Inc. CEO Sundie Seefried Receives The Green Market Report Cannabis Finance Award for Top CEO

- Leverages strategic partnership to deliver industry-leading deposit product - - Further normalizes banking services for growing U.S. cannabis businesses - GOLDEN, Colo., July 12, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating banking, payments, and financial services to the regulated cannabis industry, today announced the launch of interest-bearing commercial deposit accounts to cannabis businesses nationwide.

Safe Harbor Financial Launches Interest-Bearing Commercial Accounts

Originates $2.9 million first lien-secured loan on key cultivation facility in limited license, adult-use market Originates $2.9 million first lien-secured loan on key cultivation facility in limited license, adult-use market

Safe Harbor Financial Expands Lending and Deposit Relationship with Tier-One Multi-State Operator

- Successfully underwrites complex transaction for unique California-based property containing numerous cannabis businesses -

Safe Harbor Financial Originates $6.7 Million First-Lien Secured Loan for Global Real Estate Investment Firm

- Innovative program supports social equity licensees with a 20% discount off account application and monthly fees -

Safe Harbor Financial's Social Equity Program Proudly Welcomes New Accounts

- Closes $5.5 million first mortgage-backed loans for four properties in a key limited-license market - - Terms provide for financing of up to nine additional properties across several states - GOLDEN, Colo., May 16, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating banking, payments, and financial services to the regulated cannabis industry, today announced that it has originated four commercial real estate-backed loans for subsidiaries of a tier-one multistate operator (“MSO”).

Safe Harbor Financial Originates Real Estate Loans for Tier-One Multi-State Operator

- Processed a record $1.1 billion in deposits; monthly average balances on deposit increased 55% versus the same prior year period -

Safe Harbor Financial Announces First Quarter 2023 Financial Results

- Partnership opens financial service opportunities for lines of credit and banking services for Safe Harbor clients - - Partnership opens financial service opportunities for lines of credit and banking services for Safe Harbor clients -

Safe Harbor Financial Partners with Five Star Bank to Create a Potential Billion-Dollar Growth Opportunity for Cannabis Banking

Citizens Financial Services Inc

HomeStreet

ECB Bancorp Inc/MD

First Foundation

PacWest Bancorp

Western Alliance Bancorporation

While Uncle Sam again got quickly in front of the collapse of First Republic (OTCMKTS: FRCB ) – the third bank failure of the year so far – investors might want to take heed of the worst bank stocks 2023. From there, they'll probably want to steer clear until circumstances substantively improve.

7 Banks to Dump Now Before They Go Bust in 2023

- Annual Stockholders Meeting taking place Thursday, May 18, 2023 at 10 am MT - - Q1 2023 Earnings Conference Call taking place Monday, May 15, 2023 at 4:30 pm ET - GOLDEN, Colo., May 04, 2023 (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, today announced that it will hold its 2023 Annual Meeting of Stockholders (“Annual Meeting”) on Thursday, May 18, 2023 at 10 am MT.

Safe Harbor Financial Announces Dates for Annual Meeting of Stockholders and First Quarter 2023 Earnings Conference Call

GOLDEN, Colo., April 20, 2023 (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, today announced that it has appointed Douglas Fagan, President and CEO of Partner Colorado Credit Union (“PCCU”), to the Company's Board of Directors, effective immediately. Mr. Fagan replaces Joshua Mann, Co-CEO of Northern Lights Acquisition Corp.

Safe Harbor Financial Welcomes Douglas Fagan to Board of Directors

- Resolved more than $68.6 Million of the debt payables reported as of December 31, 2022 - - Reduced total debt obligation by more than 60% - - Files 10-K NT with U.S. Securities and Exchange Commission, maintaining SEC timely filer status - GOLDEN, Colo., April 17, 2023 (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, today announced that, since the beginning of 2023, it has negotiated the resolution of approximately $68.6 million in debt obligations.

Safe Harbor Financial Resolves $68.6 Million in Debt Obligations

- Average number of accounts and deposit fees increase 75% and 49%, respectively,  compared to Q1 2022 - - Strong growth trend supports cash flow, national expansion, and lending program initiatives -   GOLDEN, Colo., April 11, 2023 (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, today provided an update on the significant growth the Company has achieved across its key performance metrics for the first quarter ending March 31, 2023 (“Q1 2023”).

Safe Harbor Financial Generates Significant Growth Across Q1 2023 Key Performance Metrics

- Full year revenue increased 34% to $9.4 million, number of active accounts increased 82% to 1040 compared to 2021 -

Safe Harbor Financial Announces Preliminary Fourth Quarter and Full Year 2022 Financial Results

Significantly strengthens balances sheet and net worth with a serviceable amount of debt Significantly strengthens balances sheet and net worth with a serviceable amount of debt

Safe Harbor Financial Enters into Agreement to Resolve $64.7 Million in Payment Obligations

GOLDEN, Colo., March 28, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating banking, payments, and financial services to the regulated cannabis industry, today announced that Chief Executive Officer Sundie Seefried and Chief Financial Officer Jim Dennedy will host a conference call and webcast on Thursday, March 30th at 4:30 pm ET / 1:30 pm PT to discuss the Company's fourth quarter and full year 2022 financial results after market close.

Safe Harbor Financial to Hold Fourth Quarter and Full Year 2022 Earnings Conference Call on Thursday, March 30, 2023

Arrow Financial

FVCBankcorp Inc

Penns Woods Bancorp

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

News for SHF Holdings Inc Stock (SHFS)