Sunlight Financial Reports First Quarter 2023 Results
Sunlight Financial Holdings Inc. (“Sunlight Financial”, "Sunlight" or the “Company”) (NYSE: SUNL), a premier, technology-enabled point-of-sale finance company, today announced its results for the first quarter 2023.
- Sunlight Financial Holdings Inc. (“Sunlight Financial”, "Sunlight" or the “Company”) (NYSE: SUNL), a premier, technology-enabled point-of-sale finance company, today announced its results for the first quarter 2023.
- “In the first quarter of 2023, Sunlight funded $627 million of solar and home improvement loans, up 6% from the prior-year period, with overall average loan balances up 10% relative to the first quarter of 2022."
- Enhance Indirect Channel Execution: At the end of April 2023, Sunlight completed an Indirect Channel loan sale of $296 million, following the completion of the CRB Financing Agreements.
- This sale further reduces the balance of our unsold loans at CRB, which was $764 million as of March 31, 2023.