Siebert Reports Third Quarter 2022 Financial Results
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Monday, November 14, 2022
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Siebert Financial Corp. (NASDAQ: SIEB ) (Siebert), a mission-driven provider of financial services, today reported financial results for the third quarter ended September 30, 2022.
Key Points:
- Siebert Financial Corp. (NASDAQ: SIEB ) (Siebert), a mission-driven provider of financial services, today reported financial results for the third quarter ended September 30, 2022.
- Andrew Reich, CFO of Siebert, commented: We delivered another quarter of solid financial results as our business has adapted to challenging market conditions.
- Operating income for the third quarter grew 27% year-over-year and included a temporary unrealized loss of $1.4 million on our U.S. government securities portfolio compared to $0.6 million in the second quarter of 2022.
- Siebert operates through its subsidiaries Muriel Siebert & Co., Inc., Siebert AdvisorNXT, Inc., Park Wilshire Companies, Inc., Rise Financial Services, LLC, Siebert Technologies, LLC and StockCross Digital Solutions, Ltd.