Hampton Financial Corporation Announces 4th Quarter & Record Annual Results and Second Annual Special Dividend to Subordinate Voting and Multiple Voting Shareholders
December 21 2022 - 7:48PM
Hampton Financial Corporation (TSXV: HFC &
HFC.PR.A) today announced its financial results for the 4th quarter
and Full Year ended August 31st, 2022.
“The full-year results represent another
record performance since becoming a public company. Our strategy
for growth and streamlining our business model is showing results
across all business lines once again,” said Hampton
Executive Chairman & CEO Peter Deeb.
“While market conditions remain volatile
and challenging for all market participants, we enter a new fiscal
year with a solid pipeline of capital markets activity and
significant accretive opportunities pertaining to our Wealth
Management business. We want to thank our loyal clients for their
continued support, and our exceptional team for their dedication
during the year.”
As well, the company’s Board has declared its
second Annual Special dividend on its Subordinate Voting
Shares (“SVS”), and Multiple Voting Shares
(“MVS”) of $0.02 per
share, payable on January 14th, 2023, to all holders as of
the record date of December 31st, 2022.
Fourth Quarter and full-year fiscal
highlights: |
Full year ended August
31st, 2022;
- FY Revenues of $17,189,000;
an increase of 8.6%
- FY Earnings of $1,733,000 or
$0.06 per share; an increase of 34.0%
- FY EBITDA of $2,548,000
Fourth quarter ended August
31st, 2021
- Q4 Revenues of $2,384,000 a decrease of
25.8%
- Q4 Earnings of $142,000 0r $0.00 per share; an
increase of 373.3%
- Q4 EBITDA of $50,000; a decrease of 84.1%
Summary of Corporate Developments: |
We are pleased to report record results for the
year ended August 31st, 2022, which were derived from strong
operating performance in each of the company’s business lines, and
the continued realization of improved margins resulting from a
number of strategic initiatives.
During the year, Hampton’s Capital Markets group
delivered strong results, raising $446,039,163 (An increase of 109%
over fiscal year 2021), for issuers across a number of industries
and asset classes. We also continued to expand our Wealth
Management business at a significant rate, with the addition of new
advisors and their clients. The company continues to develop its
Wealth Management, Investment Advisor Team, and Principal-Agent
programs which will offer the industry’s most experienced wealth
managers a unique and flexible operating platform that provides
operational freedom, financial support, and tax effective solutions
as they build and manage their professional practice.
Revenues for the full year were
$17,189,000 vs $15,831,000 in
fiscal year 2021; an increase of 8.6%. Net
income for the same period was $
1,733,000 or $0.06 per share vs
$1,293,000 or $0.04 per share in
fiscal year 2021. EBITDA for the full year was
$2,548,000 vs $2,527,000 in the same period last
year.
Revenues for the 4th quarter ended
August 31st, 2021, were $2,384,000 vs
$3,215,000 in the 4th quarter of last year;
a decrease of 25.8%. Net
Income for the period was $142,000 or $0. 00 per share
compared to net income of $30,000 or $0.00 per share in the 4th
quarter of 2021. EBITDA for the 4th quarter was
$50,000 vs $314,000 in the same quarter last year.
About Hampton Financial
Corporation
Hampton Financial Corporation is a unique private
equity firm that seeks to build shareholder value.through long-term
strategic investments. Through its wholly owned subsidiary, Hampton
SecuritiesLimited (“HSL”), Hampton is actively
engaged in family office, wealth management, institutional services
and capital markets activities. HSL is a full-service investment
dealer, regulated by IIROC and registered in Alberta, British
Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest
Territories, Ontario and Quebec. In addition, the company provides
investment banking services, which include assisting companies with
raising capital, advising on mergers and acquisitions, and aiding
issuers in obtaining a listing on recognized securities exchanges
in Canada and abroad.
For more information, please contact:
Olga JuravlevChief Financial OfficerHampton
Financial Corporation(416) 862-8701
Or
Peter M. DeebExecutive Chairman & CEOHampton
Financial Corporation(416) 862-8651
The TSXV has in no way approved nor
disapproved the contents of this press release. Neither
the TSXV nor its Regulation Services Provider
(as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy
or accuracy of this press release.
No securities regulatory authority has
either approved or disapproved of the contents of
this press release. This press release does
not constitute or form a part of any offer or solicitation
to buy or sell any securities in the United
States or any other jurisdiction outside of Canada.
The securities being offered have not been
and will not be registered under the United
States Securities Act of 1933, as amended
(the "U.S. Securities Act"), or the securities laws of any
state of the United States and may not be
offered or sold within the United States or to a U.S.
person absent registration or pursuant to an
available exemption from the registration requirements
of the U.S. Securities Act and applicable
state securities laws. There will be no public offering
of securities in the United
States.
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