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Hampton Financial Corporation Announces 4th Quarter & Record Annual Results and Second Annual Special Dividend to Subordinate Voting and Multiple Voting Shareholders

Hampton Financial Corporation
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Hampton Financial Corporation
Hampton Financial Corporation

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TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- 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.

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