Safe Harbor Financial Services, Inc. (NASDAQ: SHFS) reported a 245% year-over-year increase in net income to approximately $2.0 million for the first quarter of 2024. This is a significant change from a net loss of $1.4 million in the same period last year. CEO Sundie Seefried noted the company’s strategic initiatives and diversified income base, particularly through its lending program. “We have nearly tripled our loan book year-over-year, driving a 251% increase in our loan income to $1.64 million,” Seefried stated. Revenue And Gross ProfitThecompany’s revenue for the quarter was approximate…
