B. Riley Financial Announces Q4 2024 Earnings and Business Updates
LOS ANGELES, Feb. 26, 2025
B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”), a leading provider of consumer and business banking and financial services, announced its fourth quarter 2024 earnings and provided business updates during a conference call with analysts.
Financial Highlights
The Company reported record revenues of $1.2 billion for the quarter, representing a 22% increase year-over-year. Net income for the quarter was $240 million, up 42% from the same period in 2023. Earnings per share came in at $0.65, a 43% increase from the previous year.
Business Updates
B. Riley’s Consumer Banking segment continued to see strong growth, with total loans reaching $15.4 billion, an increase of 25% from the end of 2023. The Company’s Wealth Management segment reported assets under management of $35.3 billion, up 18% from the previous year. B. Riley’s Capital Markets segment saw a record quarter with $4.5 billion in transaction volume, a 35% increase from the same period in 2023.
Impact on Individuals
As a result of B. Riley’s strong financial performance, the Company announced a 15% increase in its quarterly dividend to $0.17 per share. This is good news for investors, as they will receive a higher return on their investment. Additionally, the Company’s continued growth in its Consumer Banking segment may lead to increased competition in the banking industry, potentially resulting in better interest rates and services for consumers.
Impact on the World
B. Riley’s strong earnings report is a positive sign for the overall health of the financial services industry. The Company’s success in its Capital Markets segment, which facilitates transactions between buyers and sellers of securities, may lead to increased liquidity in the markets and potentially contribute to economic growth. Additionally, B. Riley’s expansion into wealth management and consumer banking may provide more options for individuals looking for financial services, leading to increased competition and potentially better deals for consumers.
Conclusion
B. Riley Financial’s strong fourth quarter 2024 earnings report and business updates are a positive sign for the financial services industry and potentially for individuals looking for better banking and investment options. The Company’s continued growth in its Consumer Banking, Wealth Management, and Capital Markets segments may lead to increased competition and potentially better deals for consumers, while contributing to economic growth through increased liquidity in the markets. Investors in B. Riley Financial are also likely to benefit from the Company’s increased dividend payout.
- B. Riley Financial reports record revenues of $1.2 billion in Q4 2024, up 22% year-over-year
- Net income for the quarter was $240 million, up 42% from the same period in 2023
- Earnings per share came in at $0.65, a 43% increase from the previous year
- Consumer Banking segment reported total loans of $15.4 billion, up 25% from the end of 2023
- Wealth Management segment reported assets under management of $35.3 billion, up 18% from the previous year
- Capital Markets segment saw a record quarter with $4.5 billion in transaction volume, a 35% increase from the same period in 2023
- Company announces a 15% increase in quarterly dividend to $0.17 per share
- Continued growth in Consumer Banking segment may lead to increased competition and better deals for consumers
- Strong performance in Capital Markets segment may contribute to increased liquidity in the markets and economic growth
