Thu, May 15, 4:51 PM (28 days ago)
**Shepherd’s Finance, LLC (SHEP) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Net interest income after provision for credit losses was $1.118M, down from $1.331M in Q1 2024. - **Profit Margins:** Net income was $345,000, down from $444,000 in Q1 2024. - **Cash Flow:** Net cash provided by operations increased by $509,000 to $1.197M. - **Earnings Changes:** Net income attributable to common equity holders was $153,000, down from $299,000 in Q1 2024. **Key Metrics:** - **Loans Receivable:** $45.953M, down from $48.387M in Q1 2024. - **Non-Interest Income:** $2.038M, up from $164,000 in Q1 2024. - **Non-Interest Expense:** $2.811M, up from $1.051M in Q1 2024. **Trends & Uncertainties:** - **Loan Portfolio:** Focus on managing non-interest-bearing assets and controlling SG&A expenses. - **Market Risks:** Inflation, interest rates, and housing market uncertainties impact operations. - **Future Operations:** Anticipate increased originations and loan balances, with a focus on liquidity and credit quality. **Segment Performance:** - **339 Justabout Land Company, LLC:** Generated $1.991M in non-interest income. - **Shepherd’s Finance, LLC:** Maintained a net income of $191,000. **Future Outlook:** - **Liquidity:** Adequate funding available to address current loans and unfunded commitments. - **Capital Resources:** Reliance on secured debt, unsecured debt, and equity for funding. - **Market Conditions:** Prepared for potential increases in assets and capital from debt and equity sources. **Ticker:** SHEP