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Dec 31, 2024
Sachem Capital Q4 2024 Earnings Report
Sachem Capital reported a steep quarterly loss amid lower revenues and high provisions for credit losses.
Key Takeaways
Sachem Capital ended Q4 2024 with a significant net loss of $37.3 million as revenue declined and credit loss provisions surged. Loan originations remained weak, impacting interest and fee income.
Revenue for Q4 2024 was $10.4 million, the lowest of the year.
Net loss attributable to common shareholders reached $37.3 million in Q4.
Substantial provisions for credit losses continued to weigh on profitability.
Loan originations and fee income remained subdued due to market conditions.
Forward Guidance
Management remains focused on navigating market volatility, improving asset quality, and capitalizing on opportunistic investments in 2025.
Positive Outlook
- Strong liquidity position to support operations
- Disciplined capital allocation strategy
- Active management of non-performing assets
- Growing income from partnership investments
- Reduction in total liabilities through debt repayment
Challenges Ahead
- Substantial net loss driven by credit loss provisions
- Lower loan originations compared to prior periods
- Declining interest and fee income
- Weak demand from borrowers amid market uncertainty
- Continued drag on earnings from legacy underperforming loans
Historical Earnings Impact
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Avg. Return Before/After Earnings
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